Business Intelligence: Corporate Performance Management- Market Research Aggregator
Business Intelligence: Corporate Performance Management
In the current climate there is added pressure on business units in every organisation to show clearly how and where they are creating or adding value to the organisation. Good decision making and performance management are key to business value generation but neither are easy in todays complex world. Furthermore, the corporate focus on IT costs is often driven by the enterprise-wide mandate to do more with less and growing demands for compliance and governance-led transparency. Business Intelligence (BI) and Corporate Performance Management (CPM) solutions help organisations with all these aspects of business. They enable organisations to answer three key business questions: How are we doing?, Why are we doing this?, and What should we be doing next?. In terms of product offerings, these largely equate to: scorecarding, reporting and analysis, and forecasting. Most organisations do of course have systems in place to measure and monitor aspects of business performance, but all too often these systems stop at the Finance department. BI and CPM extend this practice to other areas of the business, and provide operational managers and employees with actionable business intelligence, i.e. information that is both relevant and timely.
KEY FINDINGS
BI deployments are driven by competitive pressures, rapidly changing market conditions, regulatory requirements, and the need for better risk management.
The notion of performance management has become increasingly connected to the BI market of late.
CPM is first and foremost a business initiative which requires an inclusive approach that encourages broad participation and adoption across the enterprise
BI and CPM solutions should offer flexibility to enable a best of breed approach towards deployment.
Ease of use and other end-user considerations are of paramount importance when considering
Performance Management solutions.
Data quality and integration is still a major issue for BI and CPM, as most enterprise applications still have their own, siloed view of corporate data.
The integration of Enterprise Search technology into BI platforms extends the reach and range of existing investments across the enterprise.
Mashups are a natural adjunct to the BI world, as are widgets and gadgets.
Effective collaborative Business Intelligence is the key to achieving and sustaining competitive advantage.
Software as a Service will offer hesitant organisations a relatively low-risk path to Performance Management.
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