SAS, a leader in business intelligence, has learned that while performance management is seeing much broader use throughout the organization, many companies are still not fully achieving their desired results. Cultural and technological issues often hold companies back from deriving the most out of their performance management efforts. However, companies that use predictive analytics, and those that align efforts across the organization achieve more of their desired benefits from performance management efforts than those who do not. The new insights are uncovered in a recent survey among 1,100 cross-industry business professionals from around the globe.
Spending for performance management technology - both build and buy - is growing. This spending is fueled, in part, by the spread of performance management beyond the finance department, traditionally the hub of such activity. According to the SAS survey, multiple departments within the organization have implemented performance management initiatives. Yet, enterprise-wide efforts only account for a third of the deployments and most other multidepartmental efforts are not aligned.
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