Sample Essay
The performance of the business in terms of quality, efficiency as well as the productivity and the output of the business and its processes can be much more comprehensively assessed and monitored by investing in a technology for business process and business performance monitoring. Such system allows the users to share information, dynamically attain the information about the performance of the business on an updated level.
“Many of the world’s leading companies-especially in industries such as financial services–are rapidly embracing business performance monitoring technology that offers offering near real-time event processing and alerts based on key performance metrics and business rules. This is one of the main conclusions from the ‘Business Process Management Benchmark Report’ compiled by the Aberdeen Group and sponsored by information management specialist, Value Chain (International) Ltd.” (Lewis, 2006) This enables the company to determine their position in the market in terms of their performance and identify the constraints the company faces.
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