Opera Solutions (BIQ/Signalytics): Vendor Analysis (Part 3) — Summary & Competitive Analysis

Opera Solutions takes a unique approach to the process of managing spending data today. Its solution is a hybrid desktop and SaaS application that lets a user manage analytics in the cloud through a highly customized QlikView “front end” or on the desktop, through a new and much improved Windows desktop application with a more modern look and feel than the aged Windows XP interface that BIQ came with for most of its existence. Or, they can leverage both, doing “local” analysis, uploading downloads for sharing, downloading for experimenting and so on. On top of this, they can build their own customized analysis in Python and run it in the in-memory Opera Solutions engine, as well as do custom analytics as fast as out-of-the-box analytics, at industry leading speeds.

This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering Opera Solutions’ Signalytics offers a SWOT analysis, competitive assessment, and comparison with other similar and “crossover” providers in the supplier management and supplier diversity market. It also includes a user selection guide and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep-dive solution overview, product strengths and weaknesses, and a recommended fit analysis for what types of organizations should consider Opera Solutions for procurement and spend analytics.