1. Business Performance Analytics: exploring the potential for Performance Management Systems
- Author
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Franco Visani, Monica Bartolini, Anna Raffoni, Riccardo Silvi, Raffoni, Anna, Visani, Franco, Bartolini, Monica, and Silvi, Riccardo
- Subjects
Big Data ,Engineering ,Performance management ,Strategy and Management ,Big data ,Management Science and Operations Research ,Industrial and Manufacturing Engineering ,Software analytics ,Business analytics ,0502 economics and business ,performance management ,Performance measurement ,Action research ,business.industry ,Management science ,05 social sciences ,Business Analytic ,Business Performance Analytic ,050201 accounting ,Data science ,Computer Science Applications ,action research ,Analytics ,Business intelligence ,business ,050203 business & management - Abstract
Business Performance Analytics (BPA) entails the systematic use of data and analytical methods (mathematical, econometric and statistical) for performance measurement and management. Although potentially overcoming some traditional diagnostic issues related to Performance Management Systems (PMS), such as information overload, absence of cause-effect relationships, lack of a holistic view of the organisation, research in the field is still in its infancy. A comprehensive model for operationalising analytics for diagnostic and interactive PMS is still lacking. Adopting an action research approach, this paper addresses this gap and develops a five-step framework applied to a company operating in the construction industry. The results show that in addition to encouraging dialogue, BPA can contribute to identifying critical performance variables, potential sources of risk and related interdependencies. A number of critical issues in implementing data-based approaches are also highlighted, including data quality, organisational competences and cultural shifts.
- Published
- 2017