OpenArc Systems Management, a provider of software solutions to the banking and finance industry in Sri Lanka, recently launched a new product platform for implementation of Business Intelligence on the cloud for any business enterprise. The new product named as BIRD (Business Intelligence, Reporting and Bigdata Analytics) was launched in partnership with Sriyamsoft India, one of the OpenArc partner companies.
The Colombo Stock Exchange 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 implement 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 nominal monthly fee.
CEO of OpenArc, Daya Hettiarachchi said 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.