| Over the years businesses have developed and | | | | growing need for business intelligence of this sort |
| implemented many approaches to gathering and | | | | is online reporting software, which in turn has |
| analyzing key performance indicators. Obviously, | | | | progressed even further to real time online |
| the most basic of these would be net sales and | | | | reporting software. |
| net profits but the problem with these two key | | | | Subtle Hidden Key Performance Indicators |
| performance indicators is that they are on the tail | | | | What these on line services do is take complex |
| end of the process. | | | | data that a business generates and gathers on a |
| The Sooner the Better | | | | day to day basis, process and refine it then |
| Sure, they are helpful to an extent but ideally a | | | | returns it to its source as needed in a far more |
| business would like to be able to acquire and use | | | | comprehensible format. The result, is that subtle |
| key performance indicators that are much closer | | | | new key performance indicators that would have |
| up front, so to speak. The quest for this data has | | | | otherwise gone unnoticed can be made available |
| kept managers busy trying to make sense of | | | | to be used as needed. |
| relevant data that they have gathered in the | | | | Real Time Key Performance Indicator Analysis |
| hopes of coming up with key performance | | | | Managers that used to have to gather and file |
| indicators that will allow them new earlier insight | | | | information for days and even weeks in the |
| into business operations. | | | | hopes of getting an early look at key |
| New Solutions for Old Problems | | | | performance indicators now can have them |
| The endless quest for more subtle and earlier | | | | delivered to them on a daily basis in simplified |
| available key performance indicators has in turn | | | | format such as graphs and charts for basic KPI |
| led to the development of new performance and | | | | analysis. |
| recording software. Another offshoot of this | | | | Authored by Josef Frederiksten. |