ERP and Business Analytics
3 important questions on ERP and Business Analytics
Business Analytics (BA) -->
Allows users to identify valuable trends, risks and opportunities hidden in the volumes of data gathered by an ERP system.
Business Intelligence (BI) -->
refers to the ability to information resources and convert them into knowledge, that is useful in decision-making. (mostly historical data)
Corportate Performance Management (CPM)
is the area of BA that enables organization to efficiently collect, aggregate and analyze data from multiple sources in order to make the best course of action in line with strategy. Also known as enterprise performance management (EPM) and requires the alignment of business activities to tactical and strategic objectives in order to manage performance and make more informed decisions.
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