March 6, 2009, Newsletter Issue #94: Using BI Planning And Forecasting To Generate KPIs

Tip of the Week

Consider using BI planning and forecasting tools to generate your company’s key performance indicators (KPI). An interesting test run of how an investment in BI software can help your business is the tip.

Use your traditional forecasting process in an attempt to create the appropriate KPIs for your business. Research the topic to understand the salient characteristics of your performance indicators and get to know how vendors develop KPIs in a BI environment. After you do it traditionally, ask a vendor to take a subset of your data and run it with their software and compare the differences. You may be pleasantly surprised and make the move to the BI world.

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