Performance Management and Business Intelligence: A Power Combination
The history of business management reflects continuous improvement in the methods and tools used to drive company performance. Since the beginning of the industrial age, company leaders and managers have sought to predict, plan, and control company performance. This recent research conducted by Nancy Williams and Steve Williams of DecisionPath Consulting examines the adoption of business performance management (BPM) and business intelligence (BI) to drive performance and profits.
Some key findings include:
- Companies with coordinated BPM and BI initiatives are three times as likely to have achieved major business performance improvements in comparison to organizations with uncoordinated efforts.
- Companies that have exploited available BI and BPM technologies to support their business improvement initiatives have had higher success rates in achieving business objectives.
- BPM and BI have become mainstream tools within the managerial toolkit.
- There is widespread use of BPM to measure business performance after the fact, to analyze and correct the root causes of underperformance and to use past performance to predict future performance.
- And more!
Sponsored by: Infor, Host Analytics, and Teradata