They use IBM Cognos TM1 Software which can produce on-demand enterprise planning software for budgeting, forecasting and data analysis. They can design this to work in various ways that would be applicable for you and your business. IBM makes sure your analytics goes personal because this tool is configurable. It's capability to adapt to the set data and have it produce customized results would make your business better understand the things to analyze. You'll have the power to produce rapid development and deployment of flexible products, including profitability data essential for your business' growth. It's so cool to have IBM share this opportunities to the Philippines; congratulations on your 75th year of operations in our country!
David Parmenter dubbed as the "King of KPI's" also discussed a bit about how important it is to measure, monitor and change performance. He also dispels myths about having these numbers depict performance related bonuses and in turn have people do well at work. There is no truth that this apparently works and there are certain flaws in this methodology. We've seen this happen most of the time in our own backyards and yet to find something that would exactly work for our businesses in general. KPI's should be measured 24/7 he laments and should be non financial in nature. It was so astounding to have a great mind tell that particular fact because I felt we were doing these things at work now. There should probably be a change in culture and how we do things to measure this. We would love to expound on this soon. You can take a look at his great work over at http://davidparmenter.com and it'll change the way you see these numbers. It made me realize a couple of things and I'd probably implement one or more changes for the people I manage where I work. It was a pleasure meeting someone so gifted as he is. We definitely learned a lot and we'll have this information utilized in IBM's goal of a smarter Philippines and a smarter planet!
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