Conway, NH July 24, 2012 - Rapid Insight Inc. today announced the release of the Collaborative Cloud for users of its award winning Business Intelligence and Predictive Analytic Software. With the release of Veera Version 4.1, users can now share and collaborate on any analytic processes that they develop. Processes that are contributed to the Collaborative Cloud can be utilized, discussed, and enhanced by anyone in the Rapid Insight user community.
The launch will increase analytic efficiency amongst Veera users by allowing them to share resources and ideas in real time. "What excites me the most about the Collaborative Cloud is that it will help to harness the collective analytic wisdom of the Rapid Insight crowd." said Scott Alessandro, Associate Director, Educational Services, MIT Sloan School of Management. "Instead of starting from scratch each time I approach a new analytic or data problem, I will be able to draw upon the knowledge of my peers."
Veera is a new breed of analytic software developed by Rapid Insight. Using ETA (Extract, Transform, Analyze), the technology enables both business analysts and non-technical users to quickly turn complex data into actionable information without having to write code. Users can develop their own reports, dashboards, analytic datasets, and ad hoc analyses by pointing Veera at databases, text files, spreadsheets or other file structures. As a replacement to legacy analytic technologies, Veera has grown in popularity among business analysts, researchers, and data users of all types.
The Collaborative Cloud will allow the Rapid Insight user community to quickly develop, share and adopt best practices for data analysis and reporting. "The idea started as a way for us to share and collaborate with our customers," said Michael Laracy, President and CEO of Rapid Insight Inc. "The concept quickly evolved into an ecosystem for the entire Rapid Insight user community to share and collaborate on a peer to peer basis."
With hundreds of users, Rapid Insight products are being used by companies and organizations as diverse as Amgen, Yale University, Choice Hotels, Maine Medical Center, The Whitney Museum, The Department of Health and Human Services, and Brown University.
About Rapid Insight Inc.
Rapid Insight Inc. is a leading provider of business intelligence and automated predictive analytics software. With a focus on ease of use and efficiency, Rapid Insight products enable users to turn their raw data into actionable information. The company's analytic software simplifies the extraction and analysis of data, enabling clients ranging from small businesses to Fortune 500 companies to fully utilize their information for data-driven decision making. Founded in 2002 in Conway, New Hampshire, Rapid Insight is a privately held company with clients and partners across the nation.