Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Performance Measurement Gap
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > Performance Measurement Gap
Business Intelligence

Performance Measurement Gap

RonDimon
RonDimon
2 Min Read
SHARE

Are you measuring the right things in your business?  I’m sure you have lots of data being generated by dozens of systems and being consumed by almost every employee.

Are you measuring the right things in your business?  I’m sure you have lots of data being generated by dozens of systems and being consumed by almost every employee.

But what’s actually going to make a difference in the business?  What would it look like if you could cut your reports, dashboards, KPIs, and measures in half?  By 80%?

More Read

A peculiar quantum-physics property called entanglement can be…
BlackBerry: Innovation Alone Isn’t Enough
Enterprise politics vs. the imperative of social software
Mercer Total Compensation Management Analytics Help Retain Talent
How Artificial Intelligence Can Benefit The Finance Industry

If you’re going to audit your Performance Measurement strategy and practices, at a minimum you have to look at:

  • The material value drivers in the business
  • The most volatile (ie: undergo the widest changes the most frequently) value drives
  • The most interconnected (ie: impacts many business functions & layers) KPIs
  • The drivers most related to strategic objectives

And you would be surprised how many metrics do not have targets associated with them (nor are their trends exposed). Photo (c) 2010 Ruth Dimon

One of the biggest gaps out there is the correlation between your performance measurement strategy and practices and your information architecture. 

You’ll know you have the gaps by either exposing the value drivers above (and value mapping them) and layering them on-top of your information architecture (and technology stack), or by combing through all of the end-user and customer complaints you have that there is no visibility into key drivers of value in the business nor accountability for results.

TAGGED:performance measurement
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

David Warren (1925-2010) – Do Companies Need his “Black Box”?

4 Min Read

Dashboards: A Kite with a Broken String?

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?