Below is a continuation of the transcript of a Webinar hosted by InetSoft on the topic of Best Practices for Key Performance Indicators. The presenter is Mark Flaherty, CMO at InetSoft.
Mark Flaherty (MF): For years people have been talking about driving BI throughout the organization. But if you pay attention to where the priorities are, they are in performance management. When BI gets down into the operational areas, that’s where you get the greatest ROI and the biggest impact.
Historically the management systems and the management dashboards have been useful in guiding management decisions, but what they cannot do at the highest levels is change behavior within the organization. Having the management dashboards and scorecards is great, but when you bring it down to the call center operations, and let people see the metrics, how they rank with their peers, that’s where you’re creating the positive or negative reinforcement feedback loop that you may have learned about from your psychology and human behavior courses.
When you look at executive dashboards, they are designed to support strategic decision-making. But when you are down in the trenches, first of all, the world is moving at lightning speed. So not only do you have to make decisions quickly, but you have to be able to adjust your metrics very quickly. So agility in performance management, agility in business intelligence is key. In terms of deploying the key metrics and being able to change and update them is very important. A second point is that end-user self-service is absolutely critical. And this is a hallmark of InetSoft's BI software. When you are down in the trenches, you don’t have a lot of extra support so enabling the end-users with intuitive self-service tools become so critical.
Increasing the adoption of a Business Intelligence (BI) solution in a global enterprise is a multifaceted challenge that requires a strategic approach. To successfully drive adoption across various regions, departments, and teams, it's important to address not only technical barriers but also cultural, organizational, and usability factors. Here are several key strategies that can help increase adoption of a BI solution in a global enterprise:
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