Time2Market
Business Performance Solution
One of today’s business requirements is timely
information and visibility into critical business
processes and systems. A lack of this visibility results in
tremendous inefficiencies when problems arise. Ideally, an
automated business system would allow a user to view
information critical to decision making in real time; making
decision-making proactive instead of reactive. Critical
situations could
be identified before they impact business performance.
In order to
meet these demands, several companies have created Business
Activity Monitoring (BAM) applications, allowing timely access
to key business metrics. BAM applications collect, analyze,
and report key business metrics across an organization in near
real time. This type of reporting delivers to managers the
visibility to quickly adjust operations in a dynamic
environment.
Time2Market's
approach to BAM extends beyond the implementation of data
collection and analysis technology. The underlying BAM
application is a critical tool to the system effort, but not a
solution in and of itself. Time2Market approaches each BAM
project with a proven methodology that has been tested in the
field with customers that have complex business processes
relying on highly automated business systems.
Time2Market
begins all BAM projects by identifying the most critical
process and data elements to an organizations business
operation. Collecting the wrong information is as ineffective
as collecting no information. Once identified, Time2Market
determines the manner in which the process and data elements
correlate with each other. Understanding cause and effect
between business data elements is critical to an effective
problem resolution.
Once
captured and analyzed, the data must be presented to the
appropriate decision-makers. Time2Market focuses on
transforming the data into information that can be easily
understood and acted upon. Once presented with the
information it is critical to have well defined
approaches for effectively reacting to the incident.
Today, many solutions fall short of providing this capability.
Knowing that a Key Performance Indicator (KPI) is out of
tolerance is the first step to correcting a business issue.
An organization must have a repeatable approach
to problem resolution so they may quickly identify, solve, and
catalogue problems. Otherwise a company can invest vast
resources in creating temporary solutions for specific
incidents but never solve the root cause. Time2Market's
structured problem resolution process enables a company to
quickly solve a problem the first time it is encountered. A
structured approach to problem resolution is also critical to
developing a comprehensive understanding of the manner in
which a business operates.
Time2Market
has developed a proven approach to assessing and implementing
BAM solutions in Fortune 1000 companies, providing business
managers with the right information at the right time.
Time2Market has been engaged by the industries leading Business
Intelligence and
BAM software vendors, supporting them in the development of
structured methodologies for implementing their BAM
technology. Time2Market has successfully implemented BAM
solutions in the manufacturing, technology, and financial
services industries.
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