The problem with most analytics projects is that they just don’t react fast enough, in two different ways….
In the Wizard of Oz, Dorothy expresses her fear of lions and tigers and bears. Some of us who head to work each morning have a fear of performance-management-buzzword animals like BSC - Balanced Scorecard, KPIs - Key Performance Indicators, and OKRs - Objectives and Key Results.
In mobile business intelligence (BI) design, two elements are always in play. I refer to them as “utility” (not to be confused with utility in economics) and “impact.” At the micro level, they influence directly how we develop our mobile assets (reports, dashboards) in order to effectively deliver actionable insight through the mobile user interface and experience. At the macro level, they influence how we designand execute our mobile BI strategy.
I recently presented at an analytics conference where a speaker in one of the customer marketing tracks said something that stimulated my thinking. He said, “Just because something is shiny and new or is now the ‘in’ thing, it doesn’t mean it works for everyone.” His statement got me thinking about some of the new…
During a [month] in which the most hotly debated news topic has been the quality of decision-making by senior federal government officials, my nominee for the worst decision is VA Secretary Eric Shinseki’s parting gesture not only to cancel performance bonuses for senior VA executives, but to ban patient wait time as a measure used in performance evaluations.
College Admissions: Metrics Run Amok
[To EPM Channel readers: I posted this item on my website, www.painting-with-numbers.com, about five years ago. My, but time does fly by, but I find it just as true now as I found it back then. As you read this, ponder the impact on all the stakeholders involved – students & their parents, the colleges,…
What are metrics for? When properly used, most are nothing more than a relative tool for comparing one time period – or company, or country, or person – to another, or actual results to planned or expected results. They are not an absolute score, meaningful on its own. It’s important to remember this, whether the metric involves business, government, sports, or national economic performance.
In a recent CFO.com webinar, “The CFO’s Guide to Navigating the Cloud”, Forrester VP and principal analyst Paul Hamerman and other industry experts, I couldn’t help but get even more excited about what’s happening in the world of cloud financials.
Why ARE Those College Wait Lists So Long?
In the April 20 Washington Post, Jay Mathews writes about the dramatic increase in the length of college acceptance wait lists. His focus is on the strategies wait-listed high school seniors might pursue, but let’s consider just why those wait lists are so long.
Developing scorekeeping metrics is a critically important yet undervalued role of the chief financial officer. CFOs ignore this role at their and their organizations’ peril, because if they don’t set the scorekeeping metrics, others will, and will make a mess of it.