Improving Organizational Performance Management Through Pervasive Business Intelligence
Evidence of the competitive value of business intelligence (BI) and analytics solutions is growing. Fact-based decisions making is spreading throughout commercial nonprofit, and public sector organizations. The economic downturn is spurring organizations to examine ways of retaining customers, spending capital and operating budgets, and complying with regulations. However, over the long term, BI solutions will continue to be applied to optimize a wide array of processes in an effort to improve performance management and organizational competitiveness.
An increasing number of organizations are making BI and analytics functionality more broadly available to all decision makers inside and outside the organization. Internally, more pervasively available BI solutions lead to greater accountability by all employees and greater consistency in performance management. Externally, relationships with supplier and partners can be strengthened through effective sharing of key performance indicators (KPIs). However, having pervasive BI means more than having the appropriate BI tools distributed to all stakeholders.
This white paper discusses the growing body of evidence suggesting a direct link between investment in business analytics solutions and organizational performance. Read more to learn why the following five key factors can be directly influenced to increase diffusion of BI:
- Degree of training on the data, tools, and analytic techniques
- Design quality of the BI solution
- Prominence of data governance
- Nonexecutive involvement in promoting the design and use of BI solutions
- Prominence of a performance management methodology