Are you short on BI expertise? Stumped about how to maintain the right metrics for your business community? Tired of inconsistency and a lack of integrity in your BI metrics? Don't even know where to start in creating critical metrics?
Well, help is here -- It's called PROOF but I call it "a BI expert in a box"...
I rarely endorse products but I read a interesting press release recently about a new product developed by Symmetry Corporation called cleverly, "PROOF" for performance reporting framework. Not sure I understand the abbreviation but it is a catchy name.
More important to you is what PROOF does. According to the press release, PROOF is a server-based metrics platform that automatically generates standard metrics. Through its process it ensures that you get metrics integrity and BI best practices for performance management implementations like scorecards, dashboards, and reporting systems. I was fortunate to get a sneak peak at this Microsoft-centric product a few weeks ago and believe it is definitely worth blogging about. Here are the parts that make PROOF worthwhile:
1. Metrics integration - Once created, metrics are stored in a server so they can be centrally managed. You use these starter metrics over and over giving your BI performance management environment reusability and repeatability. Something BI implementers always strive for.
2. Metrics intelligence - This piece of the platform understands common business rules for specific calculations like Year-to-date, time , currency conversions, unit-of-measure conversions, and so on. These are the things that drive BI implementers crazy! No one seems to do these the same way twice. Now you not only have them stored but documented.
3. Metrics integrity - Because you reuse them and they are well documented, you can be sure that your metrics are interacting appropriately with each other through the correct business rules. They must stack up in the right order, especially for calculations like percent difference, period over period, etc. Apples cannot be compared to oranges...
Dan Bulos, the President of Symmetry, states, ""The information explosion has resulted in a proliferation of performance reporting solutions across companies. Often business logic is scattered in different systems or embedded in individual reports. Managers need consistent access to performance metrics and confidence that those metrics are accurate for effective decision-making."
Dan's company has over 20 years of experience in building BI systems, more than most other implementation companies, and has translated that expertise into this metrics platform. Now you can purchase their expertise to create your own performance reporting applications to highlight key targets, trends and typical rankings. Even non-experts can develop accurate, consistent metrics just like the pros. Interesting product, interesting solution. I hope you will look into it.
Yours in BI success,
Posted April 17, 2006 9:59 AM
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