SOLUTIONS
BIQ™ Exploratory Analytics
Ready... set... KNOW!Finally, answering hard questions doesn't have to be difficult.
Technically speaking, BIQ™ is an in-memory OLAP analytics platform that helps companies find hidden opportunities by making advanced exploratory analysis cost-effective and easy.
Practically speaking, it's a real-world business tool that lets you quickly and easily aggregate, cleanse, structure, and explore the very large datasets that harbor profit-driving opportunities.
It delivers results. Fast. That's why it's currently answering hard questions at more than 65 leading global institutions, with over a 95% retention rate.
BIQ stays put because it makes very tough questions very easy to answer, without involving IT. You can complete on-the-fly analysis of spend optimization, pricing analytics, sales force management, and other data-intensive tasks right on your desktop. BIQ's powerful, easy-to-use interface lets you rapidly create datasets and perform highly sophisticated, granular analyses with simple mouse clicks and drags — an OLAP-powered spreadsheet on steroids.
We think BIQ is so powerful, in fact, that we use it across our own organization, where it supports ad hoc analyses in Supply Chain, Consumer Finance and Risk, Global Markets, and more. We also employ it in specialized interfaces when customers want a "power user" application for their own ad hoc queries.
BIQ requires virtually no added IT support on your part and is offered as a standalone product or bundled with our dashboards.
Case Studies
Checking In for Major SavingsA major hotel chain needed more than room service to clean up their all-over-the-map spend data that spanned 25 currencies, seven languages, and thousands of expenditures. BIQ booked everything into a common language and common currency, all in just eight weeks. And then it settled in for a long-term stay at the customer's business, where it's driving ongoing savings.
Deeper Spend Visibility Yields Broader SavingsA consultant to the healthcare industry needed to find ways to save their client $50MM over three years. Opera's Vektor Spend Intelligence services yielded significant savings that far exceeded the goal.
20% Savings Are Something to AdvertiseAdvertising services are opaque and hard to compare — in other words, just the type of challenge we thrive on. Our innovative category schema and subsequent insights yielded 20% savings as well as ongoing visibility.
Papers
More About BIQ™BIQ was developed to make the analysis of large, complex datasets easier for business users. With just a couple of clicks, Opera has made slicing and dicing massive datasets as easy as using a spreadsheet.
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