Data warehouse technologies allowed the building of repositories to store this data. The advent of increasing standards, automation, and technologies led to vast amounts of data becoming available. Performance management builds on a foundation of BI but combines it with the planning-and-control cycle of the enterprise with enterprise planning, consolidation, and modeling capabilities. In 1989 Howard Dresner, a research analyst at Gartner, popularized " business intelligence" (BI) as an umbrella term to describe a set of concepts and methods to improve business decision-making by using fact-based support systems. Reports on the gathered data sometimes took months to generate and these delays allowed lack of informed strategic decision-making.
However, collection often remained a challenge due to a lack of infrastructure for data exchange or incompatibilities between systems. As they lacked computing resources to analyze the data properly, they often made commercial decisions primarily by intuition.Īs businesses started automating their processes, the availability of data increased. History īefore the Information Age in the late 20th century, businesses sometimes laboriously collected data from non-automated sources. īusiness performance management is contained within approaches to business process management. Gartner retired the concept of "CPM" and reclassified it as "financial planning and analysis (FP&A)," and "financial close" to reflect two concepts: increased focus on planning and the emergence of a new category of solutions supporting the management of the financial close. ( Learn how and when to remove this template message)īusiness performance management ( BPM), also known as corporate performance management ( CPM) and enterprise performance management ( EPM), ) is a set of performance management and analytic processes that enables the management of an organization's performance to achieve one or more pre-selected goals. It has been suggested that Performance management be merged into this article.
0 kommentar(er)
