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Proliferation of performance management increasing

The use of performance management with analytics is no longer limited to human

The use of performance management with analytics is no longer limited to human resources and retention strategies. Firms are finding new ways of putting these assets to work in their information infrastructures, relying on them to point out quality issues in databases and improve business

The use of performance management with analytics is no longer limited to human resources and retention strategies. Firms are finding new ways of putting these assets to work in their information infrastructures, relying on them to point out quality issues in databases and improve business intelligence initiatives, among other drivers. Ensuring that every aspect of internal operations is functioning appropriately is more plausible with advanced performance management software, making the return on investment for such programs even greater thanks to increasing versatility of such deployments.

Redefining the analytics atmosphere
InformationWeek's Charles Babcock wrote that application performance tracking is becoming more of a demand for corporate IT personnel, since mobile resources and cloud computing are now key parts of basic operations in a growing number of firms. Previously, understanding how a program was operating may have required trying to ascertain accuracy based on the final product and manual verification calculations, a time- and money-consuming endeavor. Now companies are looking to get the same functionality out of these applications using performance management with analytics aimed at their software and not just personnel. By monitoring deep transactions within the program's underpinnings, businesses can gain more insight into how well their deployments are functioning, creating greater trust in the analytics these deployments provide.

These resources are also being used to grade third-party vendor performance, Supply Chain Digest reported. Businesses need to ensure that all of their assets are functioning in the most efficient and cost-effective way, the source wrote, so companies are turning their performance analytics platforms toward diagnosing the health of their supply chains. This helps them reduce reliance on more expensive or less reliable providers, helping firms attain better internal function and prompting service improvements by their suppliers.

Continued initiatives
Of course, traditional uses of performance management with analytics are still a primary driver of application adoption. According to research from i4cp, more than two-thirds of all corporations currently make use of this form of business intelligence to isolate problems in the workforce and streamline operations. What's more, the use of such tools in evaluating a more diverse cross-section of staff members is becoming standard practice, with everyone from entry-level employees to corporate board members falling within performance management's cross- hairs.

The Street wrote that management professionals need to find ways of putting performance analytics products to work in more efficient ways themselves. Instead of letting the business run them, the source stated, these personnel need to learn how to take control of their jobs, rather than being ruled by them. Advanced software and applications can help with these tasks, creating better insight into various performance areas and allowing directors to remedy these issues in a more timely, organized fashion. As the abilities of performance management with analytics continue to increase, so too should the command decision-makers exert as well.

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