Thursday, June 12, 2008

Exploring computer help Software: Performance Management

One of the greatest challenges in running a modern business is dealing with the huge volume of data that computers today are capable of gathering and somehow making sense of it all. Thanks to Performance Management, this is now much easier than it used to be.

One of the greatest challenges in running a modern business is dealing with the huge volume of data that computers today are capable of gathering and somehow making sense of it all.

Executives need an easy way to look at the piles of data and find quick answers to their questions, such as how the sales department performed this week compared to the same week last year. But beyond just reading the numbers (which are called metrics), the executive will likely want to ask something that requires analysis, such as: If sales are down, what was different that caused sales to decrease and what can we do to change it? And further, forecasting comes in: What happens if we change this one aspect of our business; will sales increase or decrease?

For years people have hoped to have the remote computer help them make important business decisions, but until the past few years, remote computer help weren’t really that capable. We had spreadsheets that could do some basic analyses, but that was about it. Today, however, we’ve finally reached a point where computers are powerful enough that they can do some serious, hardcore analysis for us. And that’s where Performance Management software comes in.

Several venders today offer performance management software. In general, they’re large systems that aren’t the easiest to install and maintain, but they can be well worth it when put to good use. Imagine the savings when you can simply ask the remote technical support services what the current situation is, what caused the situation, and, if it’s a bad situation, what can be done to change it.

If you explore performance management software, you might quickly become overwhelmed at the options. Individual vendors have several different computer software solutions and it’s hard to follow what’s what and what exactly you need.

Typically you’ll want to bring in an outside consultant for a brief period to help you decide which software best fits your needs or simply to get a reliable computer help services.

Oracle has a very large suite of products, called Oracle Business Intelligence, which they call an “end-to-end” solution. They include software in the Business Intelligence category, which includes the data-gathering and analysis aspects, as well as Performance Management software that helps you determine how your business is performing. And, of course, being Oracle, they also have database and data warehousing software that fits right into their solution. (Note that much of the Business Intelligence software was previously owned by a company called Hyperion, which Oracle recently acquired. Now a day there are computer help available every where.

Source : midmarket.eweek.com/c/a/News/Exploring-Software-Performance-Management/

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