A study on the relationship of business intelligence and business performance management

The integration of Business Intelligence systems with Business Performance Management is becoming becoming more vital for businesses looking to improve operational efficiency and achieve a competitive advantage. Business intelligence tools use advanced data analytics to give meaningful and actionable information that aids in strategy planning, performance monitoring, and resource optimization. Adopting these technologies allows firms to better align their operational activities with strategic goals, resulting in considerable improvements in overall business performance and the development of a data-driven culture. This synergy allows businesses to shift from reactive to proactive management, making decisions based on correct, up-to-date data.

Business Performance Management encompasses methodologies, metrics, processes, and systems used by organizations to manage and improve their performance. When combined with Business Intelligence, these processes are magnified, resulting in real-time data, predictive analytics, and comprehensive reporting. This combination enables firms to detect performance gaps, simplify processes, and make informed strategic decisions, so improving their competitive stance and operational effectiveness. The significant relationship between corporate Intelligence and Business Performance Management emphasizes the necessity of this combination in attaining corporate longevity.

Author – Madhav Pugla
Sherwood College, Nainital.

 

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