Why Performance Dashboards?
Convergence of Two Disciplines. Dashboards and scorecards represent the convergence of two distinct disciplines in desperate need of each other: performance management and business intelligence. Like long-lost siblings, these two disciplines have struggled on their own to deliver real business value and gain a permanent foothold within organizations. But together they offer an unbeatable combination whose whole is greater than the sum of the parts. Performance Management. Performance management is the process of measuring progress toward achieving key goals and objectives in order to optimize individual, group, or organizational performance. Performance management encompasses strategy-setting, goal-setting, planning, budgeting, forecasting, and modeling techniques. Business Intelligence. Business intelligence (BI), on the other hand, consists of the tools, technologies, and processes involved in turning data into information and information into knowledge to optimize decision making. B
