While many companies choose to adopt in-house solutions to solve data scatter problems, others are turning to business performance management (BPM) software as the answer. The Boston-based Aberdeen Group estimates that the BPM market will hit $5 billion by 2005, up from $2.2 billion in 2001. That growth will be driven in no small part by technology that can extract data from ERP systems and translate it into the chart-of-accounts language, transform data from a transactional to an analytic environment and provide managers with better insights for more accurate decision-making than ever before. Another reason for growth in the BPM market is that these systems are becoming increasingly easy to use.
About the Authors: Kate Vitasek is managing partner of Supply Chain Visions, a consulting firm specializing in supply chain strategy and education. She is on the Executive Committee for the Council of Supply Chain Management Professionals. You can contact her at 425-985-6396 or firstname.lastname@example.org
Hubert Goodman Jr. has been the director of Business Intelligence for a Fortune 1000 company and has designed data warehousing solutions since 1998. You can contact him at (812) 525-9539 or email@example.com