Each year, your company determines goals for the following year and beyond. An updated long-range plan and next year’s budget define your performance targets, which are then summarized into specific metrics intended to focus management, drive decisions and compare results. High level metrics, or Key Performance Indicators (KPIs), are defined by senior management as statistics related to growth in revenue or margin, market share or new markets served, client satisfaction, profitability by region  Read more ▸
Remember when Apple’s iPhone stormed onto the market? As a smartphone it was a break-through technology and a very complex instrument. Yet its user interface made it very easy to learn and use, and its value quickly made it a product most people can’t live without. Proof of the iPhone’s success could be seen in the product’s phenomenal adoption rate and sales curve.Modern BI and EPM technology is also very powerful and  Read more ▸
Are you part of an organization that is large and complex enough that delivering reliable and actionable information requires various processes to access, validate and transform data before it is usable?  If you answered “yes”, then an organized effort for Data Governance and Master Data Management are important for you to ensure data integrity, quality and accessibility. In a recent Analysis Team blog post How Good Master Data is Fundamental for Great Analytics  Read more ▸
In Part 1, we posed the question: With all the clear benefits of cloud-based (SaaS) solutions, how rapidly are larger companies jumping into the cloud, for example replacing Oracle’s Hyperion Planning with Planning & Budgeting Cloud Services (PBCS)? We noted that larger companies have so far been slow to leave behind entrenched on-premise enterprise BI and EPM solutions for their modern equivalents in the cloud, and we listed a few reasons based  Read more ▸
The cloud has taken off in popularity and today a wide range of cloud solutions for analysis, planning and reporting are quickly gaining traction. Cloud (or Software-as-a-Service) solutions offer the promise of significant cost savings as well as easier deployment and management. They eliminate up-front investment in software and hardware, the ongoing effort to upgrade and patch software, and the cost of running a data center.   In addition they’re “pay as you  Read more ▸
The best data and analytics mean nothing unless action is taken on the information. One of our projects in the retail sector provides a vivid illustration of how the right information at the right time, used to drive the right actions, can be highly profitable.Our client was a retailer with 20 locations, all large stores each stocking about a quarter million SKUs. Management wanted to understand how they could increase their customer  Read more ▸
    Our previous article in this series discussed how creating a Business Intelligence (BI) and Enterprise Performance Management (EPM) Strategy gets your BI and EPM activities aligned with corporate goals and business opportunities. Going the next step – developing and implementig a Project and Technology Roadmap – gives the Strategy legs and assures your BI and EPM solutions will come on-line at the right time to help you maximize results. If a Strategy  Read more ▸
Have you ever been to a meeting about recent sales or financial results, where everyone came armed with their own reports but couldn’t agree on the facts? Did the conversation become a debate over the accuracy and meaning of information, rather than a discussion focused on business drivers and strategies to move forward? We’ve experienced these debates, or listened to our clients complain about them: “Our total sales by product category don’t agree.  Read more ▸