Performance Management Finds Its Legs - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Information Management
Commentary
6/7/2004
07:21 AM
Ted Kemp
Ted Kemp
Commentary
50%
50%

Performance Management Finds Its Legs

Business performance management is more about strategic thinking than it is about software. It's the true interweaving of business intelligence with business strategy.

IT buyers who happen to be critical thinkers -- and I think that's most of them -- aren't going to spend money on something they don't understand. That said, it seems there's little confusion remaining about Business Performance Management.

Forty percent of business and technology executives recently surveyed by CMP Media's Optimize magazine said their companies have deployed business performance management technologies and processes, or plan to do so within the next year. A true collaborative effort between the strategic and IT sides of business, performance management is the real deal.

Early on, I was a skeptic, and I know why: Every time I saw another announcement about some new business performance management (BPM) tool, I left having read a whole lot about BPM's supposed benefits, and very little about what BPM is. The problem was made worse by there already being a "BPM" out there in the form of business process management -- an issue we've addressed here at Business Intelligence Pipeline.

To be fair, though, performance management vendors had a whole lot conceptually to try to explain. Technology isn't the half of it. Business performance management is a set of management and analytic processes that use technology to measure and manage performance against pre-set strategic goals. In other words, it's more about strategic business thinking than it is about software. BPM is the true interweaving of business intelligence with business strategy.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
COVID-19: Using Data to Map Infections, Hospital Beds, and More
Jessica Davis, Senior Editor, Enterprise Apps,  3/25/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Slideshows
Flash Poll