Corporations are currently investigating and evaluating Business Intelligence (BI) to help them reduce costs and improve business efficiencies.  Successful businesses know decisions need to be made from the most complete and accurate data possible.  A company needs to be able to combine data from legacy systems, software products, and real-time sources to transform the data into deeper insights about their business.  These insights can provide the competitive advantage that is needed to thrive in an environment where customers have many choices. 

BI refers to the capability to leverage data into meaningful information that will provide richer insights into how a business is doing today and provides a sense of where it may be going tomorrow.  BI solutions provide:

• Analysis of sales and operations;
• Understanding of customer behavior;
• Identification of opportunities for revenue increases and costs savings;
• Improvements in overall decision-making;
• Analysis of large amounts of historical data which can be analyzed to identify patterns and understand trends that might impact the business.

BI solutions are a key differentiator in today’s increasingly competitive business environment.  Staying ahead of the competition requires the ability to predict and respond to trends in the marketplace, rather than merely reacting to isolated events.  Advancements in technology have made the use of BI initiatives practical and cost effective to a wider audience.  With a BI solution, organizations are able to transform data into actionable information in less time while deploying it across intranets and extranets to improve decision-making and increase the responsiveness of all areas of the organization. 

Corporate Performance Management (CPM), an application of Business Intelligence, encompasses processes, methodologies, metrics and technologies that enable enterprises to measure, monitor and manage business performance.  In conjunction, Business Activity Monitoring (BAM) provides real-time access to key performance indicators (KPI) to improve the efficiencies and effectiveness of business operations.  BAM and CPM suites each address a part of the same problem.  They extend business intelligence system beyond strategic and tactical business decision making to the management of day to day operations, where BAM provides the framework to monitor and respond to changes;

Even though there are differences between BAM and CPM, it makes sense to consider both when planning to deploy either one.  Current infrastructures will need to change in fundamental ways.  Traditional techniques will need to give way to more customer-centric, operational, and distributed architectures that facilitate high-performance access by end-users and applications across organizational boundaries.  While CPM is not considered a technology, it is a an integrated data architecture that provides accurate information on a timely basis used to continually monitor and measure progress toward achieving the corporate objectives.

Edgewater has a dedicated team of professionals who can assist you with your BI, CPM and BAM needs.  In addition, we have consultants who specialize in IBM – Cognos, Oracle - Hyperion , Microsoft Business Intelligence and SAP –BPC (formerly Outlooksoft and Business Objects). By combining their expertise in rapid, enterprise-wide system development with the use of leading products and development tools, Edgewater empowers our clients to get the most out of their information.

You need a forward-thinking organization that understands the dynamics and requirements of BI, CPM, and BAM.   Let Edgewater & Ranzal's business and technology experts assist you in making BI, CPM, and BAM a reality for your company.