KPIs are an excellent performance measurement tool that businesses in many different sectors employ to improve performance. The key to KPIs is finding a way to quickly gather and simply distribute the key business information without becoming beholden to large, complex databases and applications. KPIs should work for the business without requiring half the organization to work for groups that make, maintain, and feed these KPI systems. Traditional database systems don’t provide real-time information and require a lot of time and money for customization or consulting. By utilizing a real-time performance management system as the basis for KPIs and scorecards, progressive companies enhance their competitive advantage and improve the overall decision-making across an entire enterprise. KPIs are a way to continuously improve the business at all levels, and with the PI SystemTM, the systems that gather the KPIs for business can work in real-time.
Please click 'Key Performance Indicators should work for you, not the other way around!' to download the White Paper by OSISoft
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