Implicit to this phase is Performance Management and particularly when looking at corporate strategy and business alignment, some elements of BI can be packaged into approaches such as Corporate Performance Management or Business Performance Management. This takes a set of metrics and simplifies and accelerates the creation of budgets and plans and the comparison of these with actual; often known as the Plan/  Monitor/ Analyse cycle.

The performance management cycle is a three step process that repeats on a regular cycle, this loop can be entered at any stage and is the basic premise behind the strategic use of BI.

Details of these elements can be found by following the links.   The steps are:

During this stage of your BI initiative you are faced with an even greater challenge than getting your BI tools and techniques, metrics and processes right, you will need to act upon the results that BI gives you to make better business decisions faster and drive your busienss forward, this is best achieved through setting up a formal structure.

To find out more about the Business Intelligence Cycle and how it can benefit you, call Altimus and speak to one of our experts on 0800 804 6442, or contact us through Information Request