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April 2006

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April 2006 News

April 2006 news:

  • Business Intelligence – Banks’ shortcoming revealed
  • EDUC 2006

Business Intelligence

When we first evaluated Dynamic AI we immediately recognised it as a product that had the potential to improve business intelligence and thereby sharpen the competitive edge of many of our clients’ businesses by enabling them to access their data easily and effectively. According to a survey by the European Financial Management and Marketing Association and the University of Mannheim, only 23% of European banks can easily access information on their customers’ transactions. Another key finding was that just 11% of respondents had a regular and consistent data mining process in place. However, the vast majority were aware of the competitive advantage such processes could bring, and 88% of them wanted to develop this capability in the next three years.

The report suggested that banks’ historic reliance on developing systems in-house should be seen less as a competitive differentiator and more of a potential disadvantage resulting in less flexibility and higher maintenance costs. Most banks run a mixed environment consisting mostly of in-house systems and some off-the-shelf software, but as the benefits of standardisation become more widely accepted, the balance is expected to shift, to the extent that within three years 40% plan to be using predominantly standard software, and 9% expect to rely on it exclusively.

The Butler Group believes that the real financial benefits to an organisation will come from the better, more consistent, and more competitive use that the business can make of integrated operational intelligence – intelligence that can be delivered from a single source, and intelligence that at the same time can provide the capacity to support power users, line-of-business decision makers, and all types of information consumer.

Dynamic AI addresses all these requirements. It is server-based, easy to use and intuitive, and most important of all users can be given access to company data held in several databases and to the required level of security. To find out more about Dynamic AI please call us on +44 (0)118 988 8709.


EDUC 2006 – 25th-26th May

The European DataFlex User’s Conference will be held at the Westin Dragonara Hotel in Malta, and hosted by Cursor Ltd. It will be an opportunity to hear the latest information on Visual DataFlex 12 from John Tuohy, CTO of Data Access Worldwide and to network with the most influential and experienced developers and consultants in Europe. In addition to the presentations, you will receive full source code for some useful Visual DataFlex classes and many new ideas. Why not add a few days to your visit to explore the beautiful Islands and enjoy the Maltese hospitality. We look forward to seeing you there.