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YOUR AGENCY BENEFITS. Using the Nuix platform for intelligence analysis means you can: Understand and contextualize more information, from more sources, to make well-supported predictions Leverage the built-in knowledge and experience of our experts to streamline your work Reduce the burden of training analysts by implementing technologies. HERNDON, Va., July 26, 2016 /PRNewswire/ - Global technology company Nuix today announced it has established Nuix USG Inc., a wholly owned and operated subsidiary that will focus exclusively on.
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Nuix eDiscovery Pricing
Nuix eDiscovery is an electronic discovery solution for businesses of all sizes. Its capabilities include compliance management, litigation control, data processing, and others. The software was designed and la
Nuix eDiscovery Pricing - The Ultimate Guide
Nuix eDiscovery Total Cost Grade: (4.8/10)
The price is available on request.When it comes to selecting software product, buyers are primarily concerned about its cost. In fact, it is the cost that determines whether a potential buyer would go with the product. True, there is no one-size-fits-all formula to determine the “worth” of a software product, but as a software buyer, you want to make sure you get the best value for your money, without having to dig a big hole in your pocket.
Understanding the exact price of Software isn't easy as The overall cost of software includes the cost of software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's 'total cost of ownership.'
3 Software Pricing Models:
There are primarily three common pricing models – Perpetual License, Subscription, and Commercial open source.- Subscription/Software-As-A-Service: Relevant for Nuix eDiscovery
Under this software pricing model, the software is accessed over the Internet, as opposed to installed on-premises. The payment is made either on a per user basis or subscription basis. Ideally, customers are required to pay a recurring monthly fee until a specific period for using the software. Subscription pricing model is more common with Software-as-a-Service (SaaS) apps. - Upfront cost for customization and integration is less compared to perpetual license cost because there is not much flexibility with SaaS systems in this area.
- Recurring cost is greater as customers are required to make monthly payments as subscription fee. Additionally customers using premium support services must pay an extra fee.
- Perpetual license: Not relevant for Nuix eDiscovery
A common pricing model for on-premise applications, perpetual license requires a customer to pay an upfront sum to own the software or other intellectual property on-premises for a fixed term. - Upfront cost involves the fee for installation, customization, integration with existing systems, besides perpetual license fee.
- Recurring cost is low in this pricing model and may include cost for updates, maintenance, upgrades, and patches. Some vendors do offer premium support services, which come for an extra price.
- Commercial open source: Not relevant for Nuix eDiscovery
The customer can acquire the software free of cost without having to incur any upfront license fee. As a customer, you’re solely responsible for the ongoing maintenance, upgrading, customization, and troubleshooting of the application to meet your specific needs. You are on your own for providing end-user support, since you are not locked in with a vendor-supplied software solution.
All in all, the total cost of ownership in the both cases is almost the same and may span over a period of 7-10 years, though you may have to pay a higher perpetual license fee upfront. The software cost may vary from starter to mid range to enterprise level apps in both cases.
Nuix eDiscovery - cost of customization:
If you need specific features in your software catering to your specific business requirements, the vendor will charge customization cost, depending on your needs and feature requirement. Ideally customization cost is more complex to calculate compared to licensing cost.Some apps allow you to easily combine data from multiple sources, without any complicated query requirements, while some others can be embedded into different applications to provide enhanced reporting. If you seek products that support customizable dashboards and predictive analysis to identity possible trends and facilitate decision making, you may have to pay higher for all the customization features.
Additionally, the following factors may affect the cost of customization:
- User interface changes
- Configurable dashboards
- Data elements required for tracking
- Forms to collect additional data
- Dashboard, management and operational reports that are needed.
- Workflows and how complex they are.
- Forms to collect additional data.
In order to calculate the cost of customization you can use the following estimates:
- Minimal customization - integrate with 1-2 systems: $2,500
- Standard customization - integrate with 3-5 systems: $10,000
- Fully customized system - integrate with more than 5 systems: $25,000
Nuix eDiscovery - cost of data migration: Relevant for Nuix eDiscovery
Most companies opt for data migration services from a vendor, which raises the cost of product ownership. If you choose to transfer data on your own, you can avoid paying the cost of data migration.Data migration cost depends on the amount of data to be transferred, your current software, availability of migration tools, complexity of data, and gaps between the existing system and the new system.
If your data is stored in excel spreadsheets, then it may incur you a lot of time and money to migrate data from excel.
By involving a software services provider in data migration, you are asking them to offer additional services, for which you may have to pay extra.
As a rule of thumb the cost of data migration depents on how many records you want to migrate. Records can include number of Customers, invoices, financial transactions, products, versions, etc. Here is a list you can use as a rule of thume:
- 1,000 records: $500
- 10,000 records: $2,500
- 100,000 records: $10,000
- 1,000,000+ records: $25,000
Nuix eDiscovery - cost of training: Relevant for Nuix eDiscovery
As a software buyer, you are required to pay extra for in-person training, though some vendors offer web-based training as part of the package. Training cost may involve end-user training, video/self training, group training, department training, and train the trainer.Training cost derived from the training approach that you select for your organization:
- End-user training.
- Group/Department training.
- Video /self training.
- Train the trainer approach.
Here are some questions to answer: How many training groups (different departments, usages, type of users) are needed?
In order to calculate the cost of training you can use the following estimates:
- 1-2 Training Sessions: $500
- 3-4 Training Sessions: $1,500
- 5-7 Training Sessions: $2,500
- 8-10 Training Sessions: $5,000
Cost of Hardware & IT: Not relevant for Nuix eDiscovery
This can be a major expense for on-premise software buyers that need their own servers and other infrastructure to install the solution. This may be a costlier alternative than cloud solutions. In that case, you may want to go with cloud services that do not involve infrastructural investments and you can rely on the vendor’s web-based solutions.Software pricing may also depend on software capabilities, including marketing automation, sales automation, help desk, and call center.
Cost of support for Nuix eDiscovery - An Important Factor:
As a customer investing in a software product, you are looking for constant support, besides the price of the software. Support has become a crucial part of value-based pricing that you are willing to pay as a customer.There is no use buying a software product and facing inconvenience due to some technical glitches that you know nothing about and are reliant on the vendor to give you a solution. It is crucial that you go for a product from a vendor that provides solutions to ongoing problems.
Shift From Licensing Fee to Subscription Fee Models: Not relevant
In an effort to build more sustained relationships with customers, most software vendors have chosen to offer the managed services model to accommodate changing customer behavior. There has been a significant drop in licensing revenue, thanks to the emergence of software-as-a-service model and downfall of the packaged software.The new pricing model requires customers to pay little upfront fee and ongoing subscription fee on a monthly basis. The alternate pricing model stretches payments over a period of few years compared to lump-sum licensing fee.
Customers are happy to pay small monthly installments for subscribing to the ongoing support and maintenance services from vendors, without having to pay large upfront payment which can be too much for small businesses.
Compare Nuix eDiscovery pricing to Alternarive solutions:
When comparing Nuix eDiscovery to their competitors, in a scale between 1 to 10 Nuix eDiscovery is rated 4.8, which is similar to the average software cost.The science of software cost/pricing may not be easy to understand. If you seek to understand software pricing model, get in touch with ITQlick experts. Contact us today and find solutions to all your questions. We will match software vendors that offer the best pricing on technology that fits your needs.
Questions about Nuix eDiscovery pricing? Our experts can help.
Business intelligence and business analytics… aren’t they the same thing?
Or are they describing opposite processes?
There are a lot of big words that get thrown around in the world of BI, and it’s easy to get lost in a whirlwind of interpretation.
Trending Terminology
The diversity of opinion reflects the fluidity of how we understand the defining language of the field.
It also demonstrates that in business intelligence, one term can mean different things to different people, depending on their business focus and their perspective.
Though it is commonly called the BI field, the number of Google searches for “business analytics” have risen sharply in the past 10 years vs. a mild decline for “business intelligence.”
Free Report: Selecting The Right BI Vendor
Choosing a BI vendor is all about finding the right fit. Our exclusive report will walk you through the process and help you select the perfect solution.
Expert Perspectives
We surveyed seven leading experts across the business intelligence spectrum to better understand the distinction between these two touchstone terms.
Maintaining vs. revolutionizing
Business Intelligence is needed to run the business while Business Analytics are needed to change the business.
BI is focused on creating operational efficiency through access to real time data enabling individuals to most effectively perform their job functions. BI also includes analysis of historical data from multiple sources enabling informed decision making as well as problem identification and resolution.
Business Analytics relates to the exploration of historical data from many source systems through statistical analysis, quantitative analysis, data mining, predictive modelling and other technologies and techniques to identify trends and understand the information that can drive business change and support sustained successful business practices.
Pat Roche
Vice President of Engineering, Noetix Products
Magnitude Software
Understanding the past versus the future
To me the difference between Business Intelligence is looking in the rearview mirror and using historical data from one minute ago to many years ago. Business Analytics is looking in front of you to see what is going to happen. This will help you anticipate in what’s coming, while BI will tell you what happened. This is a very important distinction as both will provide you with different, not less, insights. BI is important to improve your decision-making based on past results, while business analytics will help you move forward and understand what might be going to happen.
Mark van Rijmenam
CEO / Founder
BigData-Startups
Free Report: Get the Definitive Guide to Business Intelligence – Download Here
Reporting and analysis
Traditional business intelligence (BI) has been focused mostly on reporting. In this approach to BI, highly-formatted reports are created by a few people—typically report developers—and distributed to an entire department or organization. More recently, the trend in analytics has been instead to provide the people who have questions about their data with the tools to get their own answers. It’s now about letting business people become analysts themselves.
This is often referred to as ‘self-service analytics,’ and in this approach it’s not just about generating reports, but about letting people get in the flow of analysis, explore their data, and ask their own questions. This has completely changed the way many companies approach business intelligence.
Francois Ajenstat
Senior Director, Product Management
Tableau
It’s all relative
What’s the difference between Business Analytics and Business Intelligence? The correct answer is: everybody has an opinion, but nobody knows, and you shouldn’t care. I can confidently say that everybody has a different notion of what ANY particular term associated with analytics means. For example, when SAP says “business analytics” instead of “business intelligence”, it’s intended to indicate that business analytics is an umbrella term including data warehousing, business intelligence, enterprise information management, enterprise performance management, analytic applications, and governance, risk, and compliance. But other vendors (such as SAS) use “business analytics” to indicate some level of vertical/horizontal domain knowledge tied with statistical or predictive analytics.
Timo Elliot
Innovation Evangelist
SAP
Analytics is a function of BI
BI used to refer to platform capabilities to access data, manage metadata, development tools for reports, dashboards, and applications, and publishing, scheduling and distribution capabilities. Analytics referred to either methods of analyzing information (i.e., descriptive, predictive, regression, neural networks, etc.) or the tools to perform those methods.
Thus, analytics is a subset of the broader platform capabilities. Industry leading BI platforms now include increasingly more complex tools to perform different types of analytics – descriptive analytics, visual patterns discovery, and predictive modeling and data mining. The value of a BI platform providing such tools is that the results of analysis performed by highly trained analysts can be packaged in reports and dashboards. Some platforms can even provide this information in the form of ‘apps’ that are intuitive and easily shared with millions of operational users to perform their own analysis with a few clicks.
Dr. Rado Kotorov
Chief Innovation Officer
Information Builders
Noun and verb
“Business Intelligence (BI) is essentially a noun, in that it is an umbrella term of the overall scope of acquiring, persisting, warehousing, analyzing and reporting insights along with everything else in its periphery. Business Analytics on the other hand is more of a verb, the act of discovering insights using any tooling or services at your disposal.
Years back you would need to buy Business Intelligence platforms from mega vendors like Oracle, IBM, SAP or Microsoft. The cost of the software and the complexity of putting everything together puts BI firmly out of reach for most SMBs. Cloud services have since helped as many business no longer need to build their own BI infrastructure as the SaaS providers are performing all the gathering, persisting and reporting themselves. However this is where the 80/20 rule kicks in, as every business will inevitably want to look at data in a different way and supplement with other bits of data. This is where Business Analytics kicks in, the SMBs no longer require a full scale Business Intelligence infrastructure; they simply require the tools to gather data from these different sources and perform Business Analytics.
New generation tools like Clear Analytics no longer insist on a Business Intelligence infrastructure to be present to deliver, well, Business Intelligence. These tools should be able to fetch and present data regardless of where it resides, buried inside spreadsheets, in a database or in SalesForce. The key challenge now is to present this data to users in a manner which does not require any significant training or specialists to hire. At present the most dominant tooling for Business Analytics is Microsoft Excel, everyone who has graduated has some level of experience and thus the preferred platform. Clear Analytics leverages the ubiquity of Excel to deliver the data with the added benefit of automation, security, auditability and accountability; aspects which Excel inherently lacks. The result of which is that SMBs can now get the full Business Intelligence experience without the whopping pricetag.”
Dipak Bhudia
Chief Product Architect
Clear Analytics
Analytics as a way to consume intelligence
There are a lot of conflicting views and opinions on where the lines are drawn between business intelligence and business analytics. A lot of it seems to be based on marketing trends and what somebody is trying to sell.
I have chosen to first look at Business Intelligence as it is the older term (least amount of controversy on that), it is also the only one that consistently shows up as being a real word and not needing to be auto-corrected. I am not referring to Intelligence as a definition of “smartness” … I am referring to Intelligence as a non-descriptive noun.
A tested definition of this exists in the CIA, the Central Intelligence Agency. The CIA is responsible for having the people and processes and infrastructure in place to capture data (contextual and numerical) from around the world, but also need to analyze, disseminate and strategize around how to intelligently apply the intelligence and output of the various analysis actions done to it. The intelligence teams exist to capture, analyze and strategize around the information (intel.)
All types of analysis are different ways of using the intelligence collected in an intelligent way to make smarter decisions. In that way I would define Business Analytics as the collective set of methods and tools used by analysts to intelligently consume intelligence towards enabling smarter decisions about the business moving forward.
Analysis without intelligence can’t be done … that’s guessing and intuition (which still rely heavily on informal intelligence.) Analysis that isn’t Intelligent is dumb. Capturing intelligence without doing analysis is a waste of time, and Intelligence that isn’t based on analysis of intelligence isn’t Intelligent.
Tim Biskup
Director, Customer Relationship Management
Progressive Business Publications