Companies have many problems in defining and creating their own product/service portfolio. In addition, if product portfolio with many types of hierarchies is hard to define… why should be then implementation of product management be easy task for IT?
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Every start of internal comparative decision analysis should be with knowledge about own input data. There is no better place to start but financial statements as start for business evaluation. Is there any future and vision of company should be foreseen and presented in official planning data. Main feeds of business analysis are key performance indicators – financial and business.
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Article in general emphasizes usage of advanced analytics with sandbox technologies with good notice that standard Business Intelligence solutions can not solve tremendous analytical bourdons faced in front of business analytics. Generally, I do like promotion of new technologies but there are pitfalls behind endorsements of advanced analytics and caution is needed before accepting them in corporate Information Systems.
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Business performance evaluation can be a very frightening task given its complexity especially when keeping in mind a large company with its various departments and units with their own specific goals. However it might be quite accurate to say that a company cannot survive in today’s market without measuring its business performance. Every market is packed up with a large number of organizations trying to attract as many customers on their side as possible , thus in order to gain competitive advantage over their rivals a company needs to measure its business performance to evaluate how efficient a company is in reaching its goals and satisfying its customers.
Continue reading if i broke up with him want him back [...]