Cognos (Nasdaq: COGN; TSX: CSN) announced today that an independent research report by Ventana Research has ranked Cognos as a top vendor in performance management.In the newly updated Ventana Research 2007 Performance Management Scorecard TM (Ventana Research Scorecard), Cognos scored 94% overall for Cognos 8 BI, the companyâ€™s flagship business intelligence platform which includes capabilities for query, reporting, analysis, scorecarding and dashboarding, and event management.
Cognosâ€™ overall score increased by 4.3% over last yearâ€™s study, with Cognos 8 BI scoring highest for its ability to â€œalign the business, and coordinate and drive individual actions based on information and performance targets.â€
The Ventana Research Scorecard covers more than 11 vendors and is representative of independent analysis conducted over the past five years. Each participating companyâ€™s products were scored for functional requirements and capabilities to determine the level of compliance against Ventana Researchâ€™s PerformanceCycleâ„¢ across three categories â€“ Align, Optimize and Understand.
According to the report, â€œthe research assesses the maturity of software vendors and packages designed specifically for enabling Performance Management. It provides a baseline of knowledge that organizations can use to improve their understanding of how well different software and solutions may meet their business and IT requirements for performance management.â€
â€œBuilding a robust performance management system is a modern executive imperative,â€ said Mark Smith, CEO and EVP Research, Ventana Research. â€œA solutionâ€™s ability to align the business involves leveraging historical benchmarks as a reference for driving change in the organization and individually. This capability enables goal setting, scoring, notifying and automating the performance management process.â€
Cognos 8 BI is a groundbreaking product that provides decision makers at all levels of the enterprise with a consistent, accurate view of information to better manage performance. As a single product that easily integrates into existing infrastructures with multiple systems and data sources, Cognos 8 BI is a robust technology foundation for BI standardization and performance management.
â€œCognos 8 BI helps align and connect people and processes across the organization for more effective decision-making,â€ said Dave Laverty, senior vice-president and chief marketing officer, Cognos. â€œThe solution aligns all stakeholders with one reliable version of business issues, timely, actionable reports, and detailed analysis of business results for performance improvement.â€
Cognos has been consistently ranked a performance management leader in both market share and leadership reports by leading independent analyst firms.