What is Oracle Essbase Cloud Service?
Earlier this year, Oracle made their newest BI cloud offering available with Oracle Analytics Cloud (OAC), a grouping of new and refined cloud based BI products meant to deliver a wide range of capabilities to serve as enterprise scalable solutions.
Interesting to note is the inclusion of Essbase in the Cloud. OAC is the first opportunity for customers to purchase the new cloud version of Essbase, although the technology of it has been ready for deployment for some time. OAC is the perfect platform to distribute this new version of Essbase, as it complements the additional cloud products, particularly when you look towards the Enterprise Edition. Essbase in the Cloud provides a tool that is impressively close to the on-premise version of the tool.
In addition to adding Essbase as a cloud option, OAC also delivers a new Business Intelligence Cloud Service version to general release. Subscribing to the Enterprise Edition nets you a newer version of BICS than you would get in the BICS standalone option. Oracle advises that it is straight forward to convert a BICS standalone implementation into a OAC Enterprise Edition subscription, but if you're starting fresh with no cloud products today, there's a very compelling case to skip the BICS standalone option and going straight into OAC to take advantage of the latest technology within BICS, but also to take advantage of connecting to the additional tools as data sources, including Essbase in the Cloud.
Using BICS within OAC also means having access to the BI Admin Tool, which is used to create, modify, and maintain the BI logical models that drive its subject areas. This tool is the same as the current on-premise version of the admin tool, returning a great depth of functionality back to the administrators after BICS' stripped down, simplistic GUI version that accompanies the standalone version of BICS was viewed by many as shallow in functionality.
Of course, another boon to your practice with the package is Data Visualization Cloud and Desktop versions. DV allows users to craft new, often ad hoc reports in minimal amounts of time. With DV, users can connect to BICS subject areas, local spreadsheets, and many other sources of data to quickly craft deep, purposeful visualizations with new ways of presenting and distributing them. Users who want to take advantage of Oracle's deep visualization options but do not want to, or don't have the bandwidth to, develop star schemas and physical and logical models can now quickly and effectively connect those sources to DV to generate visualizations in minutes.
Lastly, OAC's Enterprise Edition also provides access to Day by Day, Oracle's new mobile native app that connects to OAC data elements to create a new way to interact with your data. Imagine typing (or speaking) "Incremental Revenue by Product by Region for 2018 " and the app generating a visualization comparing those elements for the year 2018. That is exactly what this app does and is free to download.
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MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.
Case Studies
Accumen
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Alterra
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Avalon
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Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
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Celgene
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CoorsTek
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Foley Products
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Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
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MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
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OUAI
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Plaskolite
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Redwire
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Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
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UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
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Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
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XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.