What is most valuable?
The ability to identify in real time changes in behavior that are in contrast to expected and past behavior. This applies to any constituent’s behavior – customers, prescribers, competitors, payers, and even your own sales reps. The product is also extremely user friendly.
How has it helped my organization?
Regarding consumer goods, we are able to analyze almost in real time if there are problems with the product launch and the sale's funnel as well as to understand what are the relevant activities we need to take to solve any bottlenecks that might holding up various processes.
What needs improvement?
Currently there are 10 applications in the solution such as product launch and funnel. In the future I would like to see Verix add additional analytical applications so that an even greater range of the business aspects is covered.
For how long have I used the solution?
What was my experience with deployment of the solution?
There is a very strong professional service team in Verix and deployment is actually one of the strengths in the overall solution.
What do I think about the stability of the solution?
The product has been completely stable.
Which solution did I use previously and why did I switch?
I didn’t need to switch because Verix is able to co-exists with other BI solutions. This is because it focuses on actionable BI rather than just analytics. Before this product came on the market a similar type of product did not exist and therefore it was not possible to see any actionable solutions.
How was the initial setup?
Relatively simple to medium complexity. Because of the domain knowledge that is embedded in the solution and the architecture, the setup does not turn into a very complex BI project.
Which other solutions did I evaluate?
The current BI solutions that were already being used in the organization were potential candidates to deploy in order to cover the company's needs but they couldn’t handle the challenge. We evaluated tools such as Tableau, Splunk, Quikview, all of which are very good BI solutions but they are unable to do what Verix is capable of – automatically highlighting significant issues.
What other advice do I have?
Most organizations currently have BI solutions embedded into their analytical environment. Verix is focused on improving the business processes and not just to provide an understanding of the status of the organization's performance. In order to improve processes like sales operations and products launches you need to have actionable analytics and to have applications that are embedded into the business processes. This is why Verix excels, because they focus on other types of innovative solutions for a company.