Performance management solutions of today must drive long-term value creation by aligning corporate goals with that of employee Key Performance Indicators (KPIs). One way to achieve both strategic value and shareholder value is by improving employee engagement through democratization of performance management.
Topics: augmented analytics, business analytics, innovation, kpi dashboard, AI, employee performance, data, performance improvement, kpi, productivity and employee engagement, enterprise performance management
The Brain vs AI
Artificial Intelligence (AI) is inspired by the way the human brain processes information, draws conclusions, and codifies instincts and experience into learning. While human brains are great at certain activities such as parallel processing and sorting information, they can only use 1-16% of their brain power at a time. This is due to the overwhelming use of energy it requires. Thanks to advancement in technology and AI and Augmented Analytics, we are no longer held by the constraints of human capabilities. According to a report by Gartner, AI will create more than 2.6 trillion dollars of business value by 2021 and about 6.2 billion hours of worker productivity. As such, it will be impossible for investors to even think of investing in a company that doesn’t incorporate this kind of intelligence in its operations.
In business, we are in an era where augmented analytics is king. By using complex algorithms, augmented analytics can gain insights into consumer trends and behavior and capitalize this data to strategically place themselves as an organization. This capability thus gives companies using Business Intelligence (BI) a run for their money. According to the Gartner Report, users of analytics platforms powered by augmented data discovery will grow at twice the rate and deliver twice the amount of business value as compared to the competition who is not.
Dr. Sandra Pereira, CEO KPISOFT
What’s your #1 priority this year? 6 tips to make 2017 your best performing year ever!
In 2017, all eyes will be on you and how your company performs. Economists are keeping a close watch on all indicators of change. Politicians are measuring; media is listening; workers are rallying; and consumer confidence is once again on the rise.
Topics: performance management, productivity, talent management, customer experience, goals, tips for better performance, dashboards, artificial intelligence, strategy, execution, kpi, performance improvement, big data, analytics, leadership, retention, millennials, customer satifaction, work productivity, kpi reporting, integrated business view