OpenArc celebrates 25th anniversary this year
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CSE CEO Rajeeva Bandaranaike and Daya Hettiarachchi signing the agreement.
OpenArc, a pioneer in software solutions, is celebrating its 25th anniversary this year and hopes to launch a series of new solutions catering to information systems needs of corporate entities as well as the mass market consumers.
This goes hand in hand with the company vision statement which states that it wants ‘to be a world class technology company and an industrial campus, financially and spiritually successful to give better life and happiness to mankind through best innovative technology solutions’, the group said in a recent media release.
Meanwhile OpenArc Systems Management recently launched its brand-new product platform for implementation of Business Intelligence on the cloud for any business enterprise. The new product named as BIRD (Business Intelligence, Reporting & Bigdata Analytics) was launched in partnership with Sriyamsoft India, one of the OpenArc partner companies.
The release said that the Colombo Stock Exchange (CSE) entered into an agreement with OpenArc Systems for the implementation of total BI solution for Market Data Analytics, reporting and dissemination of dash board information to internal users, stock brokers, listed companies and investors. OpenArc will be implementing the proposed system in stages and with the implementation of this new solution, all listed companies and investors will have a great opportunity to receive meaningful information dash boards through their mobile phones and tabs. In time to come all listed companies and investors will be able to subscribe for the information dash boards at a very nominal monthly fee.
At the CSE contract signing, Daya Hettiarachchi, CEO of OpenArc said that the new product platform ‘BIRD’ caters to next generation information challenges of corporate world such as Multi-Data Source Compatibility, Report automation, Multi-device support, Elastic in memory Databases, Predictive Analytics and Artificial Intelligence that should deliver high performance management information in a real-time environment. In order to provide state-of-the-art business analytics solutions through user definable Dash boards at the highest level of performance, this new product uses futuristic technologies and concepts such as Meta data, Elastic In-memory databases, Intelligent Machine learning algorithms, MapReduce architecture etc.
This new product platform will be compatible with most of the widely used corporate data base systems such as Oracle, Informix, MS SQL etc., and any Open Source databases and Spreadsheets too that companies may use to store data within their Enterprise software applications. The BIRD servers installed at client sites or at data centers on the cloud shall be linked and synchronised with those existing live databases at client sites. Then user definable dash boards will be provided on on-premises networks or on mobiles and other portable devices. Compared with the most of the business intelligence solutions that are presently available in the market place this solution will be much more futuristic, easy to implement and use, technologically advanced and affordable to many customers irrespective of their size of the organisation. “We have made business intelligence affordable to every company and organisation without having to go through conventional data warehousing and mining tools which cost the user a huge amount of money and implementation efforts,” Mr. Hettiarachchi added.