How to best manage corporate KPIs? With BBI x KPI Management.

BBI X KPI Management

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KPI Management with Blue BI

BBI x KPI Management is a ready-to-go solution developed by Blue BI for managing Key Performance Indicators (KPIs) within your data system. In the field of Business Intelligence, extracting relevant information from data and building indicators for managing and monitoring performance is crucial for gaining a competitive advantage. However, the diverse nature of business data and KPIs can make this process costly and complicated. The BBI x KPI Management solution uses an agnostic structure, independent of industry and technological platforms, ensuring a flexible data model that can be adapted to specific project needs.

The Importance of KPIs

In an increasingly competitive and fast-paced world, proper data management and analysis are key to the success of business strategies. An organization’s information assets contribute to building the foundations of intelligent strategies, supported by performance indicators and measurable values (KPIs) that demonstrate how effectively business objectives are being achieved.

Introducing Business Intelligence and Business Analytics systems to integrate KPI software enhances the effectiveness of this tool, paving the way for strategies such as:

  • Intelligent Decision-Making: KPIs provide a quantifiable measure of business performance and form the basis for data-driven strategies.
  • Strategic Alignment: Using common KPIs across various levels of the organization helps align high-level business strategies with daily activities, as everyone contributes to improvement.
  • Continuous Improvement: Using KPIs supports a culture of continuous improvement of processes and resources because continuous KPI monitoring and analysis identify optimizations to implement and inefficiencies to resolve.
  • Customer-Centric Approach: Introducing KPIs based on customer needs (such as customer satisfaction) is key to improving products based on their experiences and expectations.
  • Adaptability to Change: KPIs serve as an early warning signal, indicating inefficiencies, market changes, or innovations. Therefore, KPI reporting must always be up-to-date and easy to interpret.
KPI Management

Methodology and Benefits

The BBI x KPI Management solution is based on the “Open DWH” methodology, combining a standardized Extract Transform Load (ETL) strategy with an industry-agnostic data model that can be tailored to specific needs. The ETL strategy consists of a series of processes: loading source data, cleaning, checks, reconciliations, preparation, and finally generating high-quality data. The model uses a flexible data schema to create a Data Catalog containing the definition of KPIs and the dimensions on which they are calculated. To complete the solution, the entire system is also integrated with a monitoring process through precise messages and functional logs, allowing business users to follow the data cycle and identify any issues.

The solution offers the advantage of simplifying the implementation of a centralized KPI management and monitoring system, thanks also to the messaging system, which improves Data Governance and allows for adapting the solution to other sectors or additional KPIs, which can be added and removed with ease. Furthermore, the use of a standard data model simplifies the creation of KPI interfaces and dashboards for visualization, as it greatly reduces the calculation logic on the frontend application.

Adopting the Solution

Blue BI comprises professionals who have been working in the field of Business Intelligence for years and offers efficient and flexible solutions. Contact us to learn how to adopt the BBI x KPI Management solution and how to tailor it to your technological platform.

We realize Business Intelligence & Advanced Analytics solutions to transform simple data into information of freat strategic value.

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