Question

*How do performance management, business intelligence, and analytics relate to each other?

*What paradigm shift in business analytics does bimodal IT describe?

Answer 1

As per policy only first questoin will be answered:

Performance Management means closely monitoring how the business is doing against set KPIs and measures and timely action on them. Business Intelligence enables tracking of KPIs through use of technologies to process data and generate reports and visualization. Analytics relates to deriving predictions looking at the data so that actions are taken on a proactive basis instead of being reactive. Hence, the three can be related as follows – Business Intelligence tools are used for enabling data based analytics which support performance management