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Craig Schiff

I am very excited about this opportunity to share my perspectives and experience in my BeyeNETWORK Blog. For those of you who may not have read my articles and newsletters over the past few years, I hope you will appreciate a vendor-independent perspective on all things related to Business Performance Management (BPM). I focus on key topics organizations should consider throughout their BPM project lifecycle, from early stage requirements definition and justification, key measure development, vendor selection and finally, successful deployment and rollout. Of course, market trends and vendor updates will also be part of the mix. Please stop by on a regular basis to see what's new, and to make this interactive, please share your opinions. If you have a specific question, contact me directly at cschiff@bpmpartners.com.

About the author >

Craig, President and CEO of BPM Partners, is a pioneer in business performance management (BPM). Craig helped create and define the field as it evolved from business intelligence and analytic applications into BPM. He has worked with BPM and related technologies for more than 20 years, first as a founding member at IMRS/Hyperion Software (now Hyperion Solutions) and later cofounded OutlookSoft where he was President and CEO.

Craig is a frequent author on BPM topics and monthly columnist for the BeyeNETWORK. He has led several jointly produced webcasts with Business Finance Magazine including "Beyond the Hype: The Truth about BPM Vendors," the three-part vendor review entitled "BPM Xpo" and "BPM 101: Navigating the Treacherous Waters of Business Performance Management." He is a recipient of the prestigious Ernst & Young Entrepreneur of the Year award. BPM Partners is a vendor-independent professional services firm focused exclusively on BPM, providing expertise that helps companies successfully evaluate and deploy BPM systems. Craig can be reached at cschiff@bpmpartners.com.

Editor's Note: More articles and resources are available in Craig's BeyeNETWORK Expert Channel. Be sure to visit today!

At a recent business performance management conference they had James Surowiecki as a speaker. He is the author of a book entitled 'The Wisdom of Crowds'. The fundamental pricnicple is this: if you take a diverse group of individuals and aggregate and average their input, you will get a better answer than just relying on any one individual, even an expert on the topic being discussed. I of course was skeptical at first, but he provided many examples to prove his point. The theory appears to work on everything from determining how many jelly beans are in a jar to forecasting future outcomes of today's business decisions. His hour-long speech from that event is now available here as an MP3 file (it's large, best to right-click and save target as). You can decide for yourself if it makes sense. If he's right, we probably need to change the way most business decision making is done, regardless of the underlying software and data warehouses that provide the information needed to make those decisions.


Posted March 2, 2006 11:47 AM
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