Abbott Laboratories Honored by Ventana Research for Kalido Project With 2008 Information Technology Leadership Award
Market Wire, October, 2008
-- Kalido ( www.kalido.com ), the active information management company, congratulates Abbott Laboratories for winning the Ventana Research 2008 Overall Information Technology Leadership Award for its international sales data BI system, which is based on the Kalido Information Engine. -- The annual award is presented to those companies that have leveraged business intelligence (BI), location intelligence, operational intelligence or information management technology for business advantage. -- The BI system provides Abbott managers with a single version of the truth that they can use to secure quick, accurate, easy-to-understand answers to business questions -- questions that, at Abbott, constantly evolve and change. -- Abbott's managers can quickly view reports on Key Performance Indicators (KPIs), product profitability and finances. -- Business managers can use the system to look at sales by financial metric, by location, by currency and by product.
Impact and Results
-- The new BI system allows Abbott's managers to view their business in
historical, current and future contexts, enabling them to identify which
products are providing the most top-line growth, and adjust their business
strategy based on this intelligence.
-- Abbott managers can use the system to review performance against
investment in emerging markets and generic drug strategies, helping them
make better investment decisions.
-- It now takes only two weeks to reconfigure the system to address a
major business change (acquisition, reorganization, etc), while in the past
it would take four months or more. Moreover, the system is now able to able
to deliver management reports in 70% less time.
-- The IT department now devotes fewer resources to reconfiguring the
system when Abbott's business changes.
-- The system's flexibility means that it can be quickly adjusted to
respond to changes in Abbott's dynamic business environment.
Quotes
Peggy Mathias, manager HQ IT applications for Abbott Laboratories, said:
-- "Abbott's competitive position in the global market relies on the
single version of the truth for sales and margin information. Our business
agility is reflected by how fast we can analyze data to make the right
decisions for the company. Our Kalido-based BI system enables our
organization to keep information accurate and up to date in order to
deliver reports in less time to ensure that the content represents the
evolving business."
Mark Smith, CEO & EVP Research, Ventana Research, said:
-- "Achieving successful deployment of information technology requires
organizations that can make the most of their investment, and deliver
insights to advance business. Abbott Laboratories utilizing Kalido was able
to provide critical sales and financial information and metrics in a
consistent manner."
Bill Hewitt, president and CEO of Kalido, said:
-- "Abbott is an example of large enterprises unlocking the potential of
BI and maximizing its business benefits. We are proud of working with one
of the most visionary teams in the health care segment. Their approach to
business intelligence and data management is a shining example of how
companies can deliver better BI for their business."
About Kalido
Kalido delivers active information management for business. Developed through years of successful best practice implementations, Kalido's robust, business-model driven information management engine automatically feeds information to end users through their BI tools, making them more productive far more quickly and reducing internal costs. With Kalido, users never again have to wait for months to answer fundamental questions about business performance -- which products are selling, which customers are profitable, and which markets are most promising.
Kalido software is implemented at over 250 locations in more than 100 countries with market leading companies. More information about Kalido can be found at: http://www.kalido.com .
About Ventana Research
Ventana Research is the leading benchmark research and advisory services firm. Unparalleled insights and best practices guidance are based on our rigorous, research-based benchmarking of people, processes, information and technology across business and IT functions worldwide. To learn how our benchmark research and assessment and advisory services can improve your organization's performance, visit www.ventanaresearch.com .
Media contacts: For Kalido (US): Jason Brown Horn Group, Inc. 1 646 202 9759 kalidoteam@horngroup.com For Kalido (UK): André Labadie / Sam Kane Brands2Life 44 20 7592 12 00 kalido@brands2life.com
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders


