Information Builders released a new version of its performance management software Thursday. Enhancements include features related to predictive analysis and forecasting alert management and businessprocess management.
Performance management is a new area for business intelligence software vendors including Information Builders (IBI) Cognos and Hyperion. Performance management refers to the use of data analysis and business scorecard applications to set goals for a business and then measure progress toward meeting those goals. While most vendors have concentrated on financial performance management IBI has focused more on operational performance management and linking business strategy to operations.
The WebFocus Performance Management Framework is based on IBI's core WebFocus business intelligence platform and uses that tool to deliver performance management information to users through reports and dashboards. The product also uses IBI's iWay connectivity software to tap into multiple data sources including realtime data feeds from applications and other operational systems.
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