SAN MATEO, Calif., April 2, 2015 /PRNewswire/ — Doubling down on its promise of “Analytics for All,” BeyondCore today announced the launch of its new product, BeyondCore Apps for Office, the world’s first single-click Automated Analysis solution that puts the power of hypothesis-free and programming-free data analysis into the hands of every user of the world’s most popular business productivity suite. This brings BeyondCore’s proven and award-winning technologies into the environment that business users know best – Microsoft Office.
With single-click analysis and detailed story-based explanations of insights directly integrated into the familiar Office suite, BeyondCore Apps for Office empowers business users to:
- Fully analyze all of the data, without the need to formulate sophisticated questions or design complex queries
- Cut through the clutter to identify and act on the most relevant, statistically-sound patterns
- Visualize, understand, interpret, share, and act on the results
BeyondCore Apps for Office solves a formidable challenge facing every business today: as the need for analytics grows exponentially, analytics talent is becoming increasingly scarce. But, business users need access to fast, accurate, dynamic analysis in order to make confident, data-driven decisions to increase revenue, reduce costs, and improve processes.
“With BeyondCore Apps for Office, advanced analytics couldn’t possibly be any easier,” said BeyondCore CEO and Founder Arijit Sengupta. “Just as Microsoft has empowered users to do more than they ever thought possible with data processing, word processing and presentation design through Excel, Word and PowerPoint, BeyondCore Apps for Office is adding automated analysis to that list of powerful and user-friendly experiences.”
“We’re excited to see the BeyondCore Apps for Office. It’s a great example of our modern extensibility model and for delivering advanced analytics in Office, helping people to do more with their data by turning it into insights and understanding,” said Kirk Koenigsbauer, corporate vice president at Microsoft for the Office 365 Client Apps and Services team.
With BeyondCore Apps for Office, there’s no worrying about asking the right questions out of the thousands of possibilities, no doubting if the resulting analysis is statistically sound, and no wondering about human bias or error. Simply select the column in Excel representing the revenue, cost, or risk metric you want to understand – and BeyondCore goes to work. Using Smart Pattern Discovery to evaluate thousands of variable combinations, BeyondCore identifies key insights, confirms statistical validity and creates an easy-to-understand story explaining the results—all within minutes.
Results are presented as a PowerPoint presentation or a Word document, complete with speaker notes and narrative to explain each graph. BeyondCore also recommends optional insights that users can add to the document with a single click. They can also specify exactly which graphs they want to add, and BeyondCore automatically applies the same statistical rigor and generates a narrative explanation for the specified graph. BeyondCore dynamically tailors additional recommendations based on the users’ interactions with the story. Click here to see an online demonstration of BeyondCore Apps for Office.
“Analytics today is fundamentally a manual hunting process. The onus is on the user to ask the right questions, conduct the necessary statistical tests, interpret the graphs correctly, and take the most impactful actions. BeyondCore eliminates this heavy burden,” Sengupta said. “It reduces the risk of human errors and the distracting ‘data noise’ that could send you down a very wrong path.”
BeyondCore’s breakthrough technology is based on eight years of research and two years of development, backed by ten issued and more than a dozen pending patents. BeyondCore’s software has been used by 21 Fortune 100 companies and has been cited by Gartner, McKinsey and others for its groundbreaking approach to empowering business users with analytics.
To get started with BeyondCore Apps for Office, visit www.beyondcore.com/invitation.
About Microsoft’s Apps for Office
BeyondCore is on a mission to “Empower every business user with the power of analytics.” BeyondCore automates the discovery of meaningful patterns in data. Backed by 10 patents and eight years of real-world experience, BeyondCore Analytics empowers business users to find actionable insights in minutes and make decisions with confidence. BeyondCore has been used by 21 of the Fortune 100 companies to discover patterns hidden in their Big Data, to diagnose drivers of the insights, and to predict improvements based on auto-recommended actions. For more information, visit www.beyondcore.com for Insights that Matter.
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