As vendors rush to embrace and exploit predictive analytics, only those with a truly unified solutions will succeed in capitalizing on this powerful and promising technology. Read this insightful white paper to learn more.
Unified Business Performance Management& the Application of Predictive AnalyticsAn OutlookSoft White PaperJanuary 2005OutlookSoft White Paper
TABLE OF CONTENTS PAGE NO.
Executive Summary 1
Actionable Information on Every Manager's Desktop 2
The Problem with BI 2
The Emergence of Business Performance Management (BPM) 3
The Market Evolves: The Emergence of Unified BPM & Predictive Analytics 4
Running the Business with Predictive Analytics 5
Closing the BPM Loop 6
Everest Insight for Predictive Analytics 7
Everest Insight: Discovery, Prediction, and Delivery 8
Practical Applications for Predictive Analytics 10
Checklist: Essential Ingredients for Effective BPM 11
About OutlookSoft Corporation 11OutlookSoft White Paper 1
Executive SummaryThis paper focuses on unified business performance management (BPM) and the application of predictive analytics for optimal planning, reporting, analysis, and decision-making. Below is a summarized version of what you will learn by reading this paper:
Actionable information on every manager's desktop is an oft talked about - but rarelyachieved - goal of most businesses and the software vendors that serve them. Numerous vendors have attempted to address this issue through a litany of solutions including "enterpriseinformation systems (EIS)", "analytic applications", and "business intelligence". Solutions suchas these took a historical approach to understanding business performance. Given the increasinglycomplex requirements of business, it became clear that a more "real-time" approach to understanding and leveraging performance was needed.
A bevy of technological advancements and emerging business realities helped usher in a newbreed of analytic solution called "business performance management (BPM)". Deemed bymany as the "evolution" of traditional business intelligence, BPM emerged as a strategic re-application of BI for more effectively managing, aligning, understanding, and controllingorganizational and individual performance.
Unified BPM systems began to appear shortly thereafter, standing in stark contrast to "pointsolution" and suite vendors who continued to offer separate applications for discrete processesand tasks. Unified systems effectively leveraged a single application, centralized database, and standardized interface to manage multiple components of the BPM process - all from a single system.
A small number of BPM vendors began turning their focus to "predictive analytics", and for thevery first time, out-of-the-box BPM solutions incorporated predictive technology to augmentthe planning and decision-making process - a natural complement to BPM. Solutionsequipped with predictive capabilities are inherently proactive in nature, taking a forward-lookingview of business performance. Predictive analytics closes the BPM loop to more effectively drivebusiness decisions, while opening the door to continuous, predictive planning and budgeting.
OutlookSoft Everest, a unified BPM solution, is one of the first solutions of its kind to leveragepredictive technology. Solutions like Everest bring companies one step closer to the "real-time"enterprise, while further empowering managers and decision-makers with the most actionableinformation possible.
As companies continue to demand more from their decision support systems, unified businessperformance management, along with predictive analytics, will play an increasingly importantrole in shaping strategic and tactical planning and decision-making. Predictive analytics, appliedwith unified BPM, bridges the gap between real-time activity monitoring and calculated execution -be it corrective, exploitive, or otherwise. As vendors rush to embrace and exploit predictiveanalytics, only those with a truly unified solution will succeed in capitalizing on this powerful and promising technology.OutlookSoft White Paper 2
Actionable Information on Every Manager's DesktopActionable information on every manager's desktop is an oft talked about - but rarelyachieved - goal of most businesses and the software vendors that serve them. After all, whatcompany would not want to arm all of its employees with as much information as possible inpursuit of better business decisions based on analysis of timely, relevant data?
Over the past decade, numerous vendors have attempted to address this issue. Nearl... [download for more]
