Imagine an analyst who can quickly analyze and present data to help you see if you are meeting your business objectives such as increase profits, reduce costs or decrease patient length of stay. The analyst then repeatedly queries your data to select the best ten or so graphs that you should see based on your business objective. Your analyst conducts multiple statistical tests to rule out graphs that could mislead you because the visual pattern is driven by outliers. Finally the output is a Word or PowerPoint report that walks you through each graph and explains how to accurately interpret each. And your analyst can do all this work in seconds; all you need is to know how to use Microsoft Office. Sounds like a fantasy? Well the Excel team is helping BeyondCore, a recognized leader in Smart Pattern Discovery, to bring this to reality right inside of Excel and the rest of the Office apps.
The U.S. faces a shortage of 140,000 to 190,000 people with deep analytical skills, as well as 1.5 million managers and analysts to analyze big data and make decisions based on their findings, according to the McKinsey Global Institute in “Big data: The next frontier for innovation, competition and productivity.” At the same time, a need for analytics pervades modern business, as organizations move from gut-driven to data-driven business processes. BeyondCore delivers technology that extends the powerful analytics features of Excel and the familiar storytelling environments of Word and PowerPoint to help bridge this gap for business users.
The BeyondCore App for Excel will extend Excel’s capabilities by helping users discover the right questions to ask of their data and how to interpret insights accurately. The app, being integrated into the Excel desktop experience, will automatically evaluate data in an Excel workbook and provide curated graphs and narrative explanations that point out the statistically significant insights of the data. These insights can be exported to a PowerPoint presentation or Word document, making it ready to share and present.
You can further customize reports using the BeyondCore App for Word and App for PowerPoint. Once the app is made available to the public, organizations can give their employees access via the Apps for Office store or directly within Excel, Word or PowerPoint. This solution works with Office 2013 and will be coming soon to other Office versions.
BeyondCore’s technology is based on eight years of research and was called a disruptive technology in Harvard Business Review by Clay Christensen and in The Economist.
BeyondCore Apps for Office is available now. To sign up, visit www.beyondcore.com/invitation.