Half of 2026 has already passed.

Many organizations now face a familiar question: What comes next?

January brought ambitious plans. Leadership teams approved strategic initiatives. Departments rolled out new KPIs. Managers tracked targets with optimism. Then daily operations took over. Priorities shifted. Reports piled up. Some initiatives lost momentum.

A mid-year performance review gives organizations a chance to pause and reassess. This period can expose weak reporting practices, misaligned KPIs, and execution gaps. It can also uncover new opportunities.

Several business leaders now look for practical support instead of lengthy theory. Free performance management resources can help teams rethink priorities, refine KPI reporting, and improve decision-making during the second half of the year.

The KPI Institute offers a wide range of free resources that support strategy and performance management. From articles and webinars to KPI toolkits and publications, these materials can support organizations that want clearer direction for the months ahead.

Why a Mid-Year Performance Review Matters

A business strategy may look solid on paper and still fall short during execution.

Some organizations collect too many metrics. Others track KPIs with little connection to strategic priorities. In some cases, teams produce reports every month without any discussion about performance trends.

A mid-year performance review can help organizations identify:

• KPIs that no longer reflect current priorities
• Reporting practices that consume too much time
• Departments that work in silos
• Initiatives with weak follow-through
• Data that lacks context

Business conditions also change throughout the year. Market shifts, operational issues, and workforce challenges can alter priorities within a few months. Companies that revisit performance data during the middle of the year often gain a clearer picture of what deserves attention.

Free KPI Resources for Better Performance Tracking

KPI reporting remains a challenge for many organizations.

Some reports contain too much information. Others focus on metrics that offer little insight into operational performance. Confusing dashboards can also slow down decision-making.

The KPI Institute provides free KPI resources that can help teams improve reporting practices and KPI selection.

These resources include:

• KPI examples
• KPIs in strategy and performance management
• KPI documentation tutorial
• Performance reporting guide

Organizations can use these materials to review existing KPIs and remove metrics that no longer serve a purpose. Clear KPI documentation can also reduce confusion among departments.

A KPI should support action. A metric without direction often turns into noise.

Strategy Execution Resources for the Second Half of 2026

A strategy document alone will not keep projects on track.

Execution problems usually appear during the middle of the year. Deadlines slip. Teams lose focus. Managers shift attention to urgent operational concerns. Strategic initiatives move into the background.

This pattern appears across many industries.

Strategy execution resources can help organizations reassess priorities and restore alignment between objectives and day-to-day work.

The KPI Institute shares free materials on:

• strategic planning
• initiative tracking
• performance review meetings
• organizational alignment
• strategy execution practices

Readers can also explore Performance Magazine articles that discuss real business cases, performance trends, and management practices from different sectors.

These resources can help leadership teams ask better questions during a mid-year performance review:

• Which initiatives still support strategic priorities?
• Which KPIs need revision?
• Which projects no longer justify additional resources?
• Which departments require stronger coordination?

Clear discussions often produce better outcomes than lengthy reports.

Free Business Performance Review Resources

A business performance review should go beyond numbers.

Financial results matter, but they rarely tell the full story. Operational delays, employee engagement issues, and weak communication can affect organizational performance long before financial problems appear.

Free business performance review resources can help managers examine performance from multiple perspectives.

The KPI Institute offers:

• research-based articles
• webinar sessions
• publications
• industry insights [watch]

Common Mid-Year Performance Problems

Several issues tend to surface during a mid-year performance review.

• KPI overload: Some organizations track too many metrics. Teams spend more time collecting data than discussing results.
• Reporting fatigue: Employees may see reports as routine paperwork instead of decision-support tools.
• Weak alignment: Departments may pursue different priorities without clear coordination.
• Outdated targets: Business conditions can change after the first quarter. Some targets may no longer reflect current realities.
• Lack of accountability: KPIs without ownership often lead nowhere.

These problems rarely disappear on their own. Organizations need structured discussions, practical tools, and reliable resources.

A Practical Time for Reassessment

The second half of the year still offers enough time for course correction.

Organizations do not always need major restructuring. Small adjustments can produce noticeable results. A revised KPI dashboard, a focused review meeting, or a clearer reporting structure may improve performance discussions across teams.

A mid-year performance review can also help organizations prepare for next year. Teams that identify recurring problems early may avoid the same issues during annual planning cycles.

The KPI Institute continues to publish research, articles, newsletters, and performance management resources for professionals across industries. And this may be the right time to review what works, address weak spots, and move forward with clearer priorities.

_____________________________________________________________________________________

The KPI Institute is a global leader in business performance research and solutions, specializing in practice domains including strategy, key performance indicators (KPIs), employee performance, customer service, and innovation management. For over 20 years, The KPI Institute has established international standards and best practices for KPIs across both private and public sectors.

What We Offer:

• Certifications & Training: Practical programs delivered worldwide—live online, offsite, and customized—spanning 6 continents and 7 offices in Australia, Southeast Asia, Europe, and the Middle East.
• Knowledge Platforms: Access to www.smartKPIs.com, the world’s largest documented database of KPIs, with over 21,600 examples published and 148,000+ members in our online communities.
• Publications: Over 460 publications, including books, research papers, and practical guides, providing insights to enhance organizational performance.
• Advisory & Implementation Support: Expert guidance to apply insights in practice for measurable impact.

Our Reach and Impact:

• 81,000+ companies registered on our platforms
• 2.5 million+ professionals reached through training and knowledge services
• 128 research client countries and 120 global partner organizations 

Website: www.kpiinstitute.org.

Email: office@kpiinstitute.org

LinkedIn: The KPI Institute

High-performing organizations are like luxury cars. They are powerful and advanced, but they need regular care. The same goes for people, even the most productive employees and top-performing teams. “Care” does not only come in the form of better tools, training, or rewards; one essential yet often overlooked part in this aspect is wellbeing. 

By ignoring wellbeing, burnout becomes inevitable. In fact, research shows that employees are 56% more engaged in their work, 34% more likely to stay with their employer, and 37% less likely to experience burnout.

The Global Performance Audit (GPA) Unit—The KPI Institute’s strategy and performance audit division—will explore how well-being impacts organizational success in a live webinar titled “Wellbeing as Strategy: Embedding Happiness into Performance Culture,” on October 28, 2025, Tuesday. The session is designed to offer practical insights on how organizations can use wellbeing not only as an initiative or a benefit but as a strategic foundation for sustainable, long-term performance. The session runs from 5:00 – 6:00 PM (KSA Time) and will be facilitated by Bori Péntek, Head of Content Development and Insights at the GPA Unit. 

Péntek is a seasoned management consultant specializing in organizational development and human resource management. She works with businesses to align strategies, processes, and values with a strong emphasis on human and social wellbeing.

What’s in it for you

If you are trying to foster high performance without compromising employee wellbeing, the webinar offers the strategic blueprint you need. It will guide you through how mature organizations embed wellbeing as a key performance driver by integrating strategic metrics into performance dashboards and key performance indicators (KPIs). You’ll also discover why emotional labor is a valid, measurable form of contribution and learn how to adapt team rituals and workflows to reduce chronic strain. 

Additionally, you will learn how to apply institutional listening practices (e.g., pulse surveys and stay interviews), how to uncover hidden stress points, and how to establish governance structures that embed well-being into leadership accountability. Expect practical frameworks and evidence-based strategies to help shift well-being from a supplementary aspect to a core performance pillar in your organization.

Whether you are a senior leader, human resource professional, middle manager, or team member, this session offers practical insights for anyone committed to building healthier, high-performing workplaces. Sign up for the webinar now! Find out more information HERE.

Secure your spot today and take the first step toward turning your strategic vision into meaningful impact. Register now HERE.

A clear vision provides the foundation for growth, offering direction and purpose to an organization. Yet, many strategies fail not because the vision is weak, but because execution falls short. Turning big ideas into tangible outcomes requires more than ambition—it demands structure, alignment, and commitment across teams. The real measure of success lies in bridging the gap between what is envisioned and what is achieved.

In light of this, The KPI Institute is hosting the upcoming webinar, “Turning Strategic Vision into Action,” on September 23 at 11:00 AM Gulf Standard Time (GST). The session will run for 45 minutes of presentation, followed by a 15-minute question and answer (Q&A) to address participants’ specific questions. Anchored in insights from the upcoming edition of the State of Strategy Management Practice – MENA Region Report, which carries the same title, this webinar offers an opportunity to connect research with practice.

About the State of Strategy Management Practice Report

The State of Strategy Management Practice MENA Region Report offers an in-depth look at the latest trends, challenges, and emerging practices shaping the field of strategy management today. More than a data-driven study, it serves as a practical resource and catalyst for change, providing valuable insights that organizations can use to strengthen their strategic capabilities. For professionals, the report functions as a benchmarking tool that can help them evaluate current practices, identify gaps, and adopt more effective approaches to address real-world challenges. Follow The KPI Institute on LinkedIn to be the first to know when the report is released and to get your copy.

Why You Should Attend

This webinar is designed to equip professionals with the insights needed to make strategy execution a strength within their organizations. Participants will discover how to close the gap between strategy and operations, ensuring that high-level goals are effectively translated into action. The session will also explore practical methods to turn objectives into concrete roadmaps, align stakeholders to build stronger collaboration, and empower teams to take ownership of results. Moreover, it will provide solutions to common barriers that often stand in the way of successful execution.

Meet the Facilitators

The session will be led by Cristina Mihăiloaie and Teodora Gorski, who bring over 25 years of combined experience in strategy and performance management across multiple industries and regions.

Cristina Mihăiloaie is the Technical Director of Systaems, the consultancy division of The KPI Institute, with more than 13 years of expertise in strategy and performance management. Over the last decade, she has been actively engaged in research, training, and advisory work, guiding organizations in leveraging KPIs to accelerate growth and build stronger management systems. Advocating for impactful strategy planning and performance management, Cristina has supported organizations across North America, Europe, and the GCC in tailoring and applying best practices to their local contexts.

Teodora Gorski is a Strategy and Performance Management expert with more than 12 years of international experience spanning consulting, advisory, and executive education. In her role as Managing Director MENA at The KPI Institute, she oversees regional operations and supports organizations in enhancing their strategy and performance practices. She also leads Strategic Partnerships & Growth at the Global Performance Audit Unit, where she drives initiatives that foster performance maturity across government, corporate, and academic sectors.

With today’s advanced technologies and digital tools, especially the widespread adoption of artificial intelligence, collecting data has never been easier and accessible. Yet, despite the abundance of numbers, many organizations still struggle to transform this information into meaningful insights that drive decision-making.

To address this gap, the Global Performance Audit (GPA) Unit, the strategy and performance audit division of The KPI Institute, is hosting the second session of its Performance Excellence Webinar Series: “Strengthening KPI Practices for Better Decision-Making.” Scheduled for 16 September 2025, this live 60-minute session is open to all participants with free registration.

The webinar will be led by Teo Gorski, Head of Consulting Services at The KPI Institute, who will guide participants on transforming performance measurement from a bureaucratic checkbox into a true catalyst for decision-making. She’s also the Head of Strategic Partnerships and Growth at GPA Unit.

Why you should attend

• Spot the traps: In this webinar, you will learn how to identify low-maturity measurement habits, from data-driven confusion to over-engineered reports that go unread.
• Design key performance indicators (KPIs) with purpose: Discover how you can align indicators with strategy, ownership, and learning cycles so every number has a clear role.
• Govern for agility: Understand how you can keep the KPI system lean, decision-ready, and adaptable as organizational priorities evolve.

Who should attend

This session is designed for performance leaders, strategy professionals, project management office teams, and data owners—anyone tasked with turning metrics into meaningful action.

With practical insights and tools, the webinar promises to help participants streamline cluttered scorecards, focus on the KPIs that matter, and build governance systems that ensure lasting relevance.

Don’t miss this opportunity to strengthen your KPI practices and put your metrics to work. Register today! Visit the GPA Unit website for more information.

On October 15th, 2024, The KPI Institute hosted an exclusive webinar titled “Navigating the Landscape of Strategy Planning and Execution in the Age of Transformation,” which brought together industry leaders and professionals for an insightful discussion on the latest trends in strategy management.

During the session, The KPI Institute unveiled key findings from the State of Strategy Management Practice Report 2024, focusing on the unique challenges and opportunities faced by organizations in the Middle East and North Africa (MENA) region. The webinar provided an in-depth look at the evolving landscape of business planning, performance management systems, and the execution of strategic initiatives, which offer valuable insights for organizations looking to navigate the complexities of transformation in today’s dynamic business environment.

The session featured expert speakers from The KPI Institute and Systaems:

Cristina Mihăiloaie is a Strategy and Performance Management Expert and Chief Operating Officer at The KPI Institute. Her professional background centers on research, product development, and knowledge sharing within strategy and performance management. Over the past 12 years, she has played a key role in establishing best practices and standards for utilizing and maximizing key performance indicators (KPIs) in organizations disseminated through research publications, academic articles, and educational programs.

Bori Péntek is a Management Consultant at Systaems who specializes in organizational development and human resource management. She assists businesses in aligning their strategies, processes, and practices with their core values, prioritizing human and social well-being. With a background in recruitment, human resources, and operations management across various sectors, including sustainable construction, research, and education. She is an Associate Lecturer at Babes Bolyai University, Cluj-Napoca, Romania.

Webinar highlights

The webinar’s agenda centered on the key dilemmas organizations face in strategy planning, performance management, and execution, providing valuable insights into the challenges that often  hinder effective strategy implementation.

Dilemma 01: Deliberate vs. Emergent Strategic Planning. The State of Strategy Management Practice – 2024 MENA Region report indicates that 76% of professionals claim to have formal and regular strategy planning and 56% of respondents review strategy annually or every 3 years. Given these statistics and Cristina’s experience as an advisor, she pointed out that the predominant practice in the MENA region is Deliberate Strategy Planning. Further to the discussion, Bori shared her perspective on why Deliberate Strategy Planning is complicated to achieve success, “Mostly it [Deliberate Strategy Planning] offers an illusion of stability that it is not there anymore in the external or internal environment. A lot of things have to work very well for the deliberate strategy to work.”

Dilemma 02: Balanced Scorecard System vs. Objectives and Key Results Frameworks. Since common challenges in working with KPIs for MENA organizations imply difficulties in selecting relevant KPIs, to ensure alignment and collect data, the discussion between our experts led to questioning if a particular framework is better suited to address these challenges. Bori outlined, “Irrespective of whether you use Balanced Scorecard (BSC) or Objectives and Key Results (OKRs), you’re going to have these challenges. It’s not about selecting one system and just going along with it. It’s about leveraging the strength of each system by thinking wisely about where they can be used.”

Dilemma 03: Success vs. Failure in Strategy Execution. Insights from the State of Strategy Management Practice – 2024 MENA Region report show that most respondents (42%) listed ineffective cross-functional collaboration as the top reason for strategy failure. It is followed by a lack of leadership support (40%), slow decision-making and approval 33%), and insufficient resources for projects to succeed (33%). 

To address cross-functional collaboration, Cristina advised nurturing the right “rituals:” “Procedures become quickly obsolete, but rituals are what we do and how we do it, are the unwritten rules that govern the workplace. It’s not necessarily about the work procedure, it is more about how people come together and  get things done.” She added that the rituals we want to build are to create multidisciplinary teams rather than work in silos, to have regular performance meetings and use KPIs to understand the business better, to challenge ourselves constructively, and to promote transparency and collaboration in problem-solving.

The webinar ended with a question-and-answer session where the featured speakers addressed questions about the link between strategy and culture, underestimated factors for strategy execution success, the risk of not aligning KPIs across the organization and many more. An extended Q&A document is currently being prepared for release with extremely interesting perspectives.

From key findings in the State of Strategy Management Practice Report 2024 to practical advice on overcoming obstacles in strategy management, the webinar provided valuable takeaways for organizations looking to stay ahead in today’s fast-paced business environment.

If you missed the live session, watch the full video of the webinar on The KPI Institute’s official YouTube channel. Click here to watch the webinar now!

The KPI Institute is excited to invite you to an exclusive webinar titled “Navigating the Landscape of Strategy Planning and Execution in the Age of Transformation” on the 15th of October 2024 at 11:00 AM (Gulf Standard Time), live online via Zoom.

In this session, The KPI Institute will unveil the latest developments in strategy planning and execution, with a focus on organizations in the Middle East and North Africa (MENA) region. This event will also reveal recent findings from the State of Strategy Management Practice Report 2024. The KPI Institute will dive into the most pressing issues surrounding business planning, performance management systems, and the implementation of strategic initiatives.

Meet the speakers

Cristina Mihăiloaie 

Strategy and Performance Management Expert 

Chief Operating Officer, The KPI Institute 

Mihăiloaie’s professional background centers on research, product development, and knowledge sharing within strategy and performance management. Over the past 12 years, she has played a key role in establishing best practices and standards for utilizing and maximizing key performance indicators (KPIs) in organizations disseminated through research publications, academic articles, and educational programs.

Passionate about effective strategy planning and performance measurement practices, Mihăiloaie has provided advisory services to organizations in the US, Europe, and the Middle East, and has trained executives across various functions and industries. Currently, she serves as the Chief Operating Officer of The KPI Institute’s Research Division, where she oversees and ensures the alignment of operations with strategy.

Bori Péntek 

Management Consultant, Systaems 

Associate Lecturer, Babes Bolyai University, Cluj-Napoca, Romania

Péntek is a management consultant who specializes in organizational development and human resource management. She assists businesses in aligning their strategies, processes, and practices with their core values, prioritizing human and social well-being.

With a background in recruitment, human resources, and operations management across various sectors, including sustainable construction, research, and education, Péntek focuses on improving employee well-being, promoting inclusive cultures, and ensuring organizational resilience and social responsibility. She creates solutions to tackle systemic challenges and foster long-term success.

In her partnership with Babes Bolyai University, she teaches courses such as research methodology, intercultural communication, and self-awareness.

What’s in store for participants

Combining research expertise with practical experience, the guest speakers will provide valuable insights and guidance on key organizational dilemmas and explore innovative solutions in today’s complex business landscape. The webinar’s agenda focuses on Deliberate vs. Emergent Strategic Planning, BSC vs. OKRs, and Success vs. Failure in Strategy Execution. 

In addition to being the first to receive the latest State of Strategy Management Practice Report and gaining insights into current trends in strategy management that can impact organizational planning and execution, participants will engage with seasoned professionals who offer valuable experience to the discussion. They will also take part in lively discussions on contemporary business challenges which provides an opportunity to share perspectives and connect with peers. 

Whether you are a seasoned leader, an emerging expert, or new to the field, this is your chance to learn about how to stay ahead in the rapidly changing world of strategy management. Seats are limited so secure your spot now! To register, click HERE.

Amidst a sea of strategic frameworks and performance modulations, aligning your organizational strategies with validated, global insights is akin to following a lighthouse that guides you toward informed, impactful decision-making. With that in mind, The KPI Institute (TKI) invites you to join our exclusive webinar meticulously crafted for leaders, strategists, and innovators like you. 

The webinar will be held on Nov. 14, 2023, at 7:00 PM (KSA) and is designed to give participants the tools they need to navigate through the crucial findings of TKI’s “State of Strategy Management Practice Report 2023.” The report is a comprehensive research study conducted by TKI, which echoes the current state, challenges, and tactics of organizations across the globe. This webinar will not merely present data, but it will also help you understand how to weave these insights into the very fabric of your strategic endeavors.

What can you expect?

• In-depth insights: Discover key findings from the research report that unveil current and future trends in strategic planning, measurement, and execution.
• Expert narratives: Engage with our seasoned strategy and performance management expert who offers actionable advice to overcome challenges and bolster organizational practices.
• Interactive dialogue: Participate in a rich, collaborative Q&A session, and glean insights from our expert on your topics of interest.

Who is this for?

• Executives and managers who are navigating through the complex webs of decision-making and organizational leadership
• Strategy planning professionals who seek to enhance the depth and impact of their strategy management tools and practices
• Corporate performance management managers who are looking to align organizational performance measurement with emerging global trends and insights
• Business consultants who aim to provide their clientele with informed, data-backed guidance that elevates the effectiveness of performance management systems

Participant gift bag

What’s in the bag? Participants will receive the following gifts:

• State of Strategy Management Practice Report 2023: Access the full report including practical recommendations.
• The Human Resources Performance Scorecard Template: Benefit from a pre-populated performance scorecard that can be populated with other functional area examples or corporate-level objectives and key performance indicators (KPIs).

About the speaker

The webinar will be presented by Cristina Mihăiloaie, a Strategy and Performance Management Expert and the Business Unit Manager of Research Programs at TKI.

Her professional experience embeds research skills with performance management consulting and practical strategy development and execution for TKI’s research division.

In the last 10 years, Cristina has contributed to the development of best practices and standards for using and leveraging KPIs that are taught in the premium certifications of TKI worldwide. She has assisted large organizations in industries like oil and gas, the financial sector, telecommunications, manufacturing, and utilities.

She conducts maturity assessments for strategy and performance management systems and has trained over 500 professionals, gaining first-hand experience on the most stringent issues that organizations are facing.

Join the webinar

Embark on a journey of strategic elevation, where your actions and decisions are not just informed but transformed by a reservoir of global insights and trends. Click the link below to secure your spot in a webinar that promises to reshape your strategic outlook and empower your forward trajectory.

Secure my spot.

Editor’s Note: This article is written by Paolo Orduña, a Senior Editor at The KPI Institute, and originally published in the PERFORMANCE Magazine Issue No. 26, 2023 – Data Analytics Edition.

The KPI Institute successfully hosted a forum on global trends that will impact strategy and performance management practices in 2023. Dubbed “2023 Business Pulse: 5 Trends Impacting Strategy and Performance Management,” the event was hosted by the TKI Research Division’s business unit manager, Cristina Mihailoaie, and data expert, Islam Salahuddin.

The webinar covered trends in the realms of geopolitics, economics, society and culture, technology, and sustainability. Through careful analysis of these trends, our experts identified the most possible trajectories that will shape the future of strategy and performance management:

• There will be a greater need for more resilient strategies and agile performance management.
• More companies will realize the need for a data strategy that allows for robust data governance.
• Automation will produce better performance results.
• Performance improvement will be achieved through upskilling and reskilling.
• Performance improvement hinges on continuous learning.
• Employee performance management will be reshaped in an employee-centric approach.

“As Peter Drucker said, ‘The best way to predict the future is to create it,’ and this seminar has equipped our participants with the knowledge and understanding to do just that,” said Cristina.

If you have a yearning for learning strategy and performance management skills, you may want to check out our courses. Arm yourselves with the knowledge that you need to successfully ride the business world’s ever-changing trends here.

In 1992, Robert S. Kaplan and David P. Norton introduced the balanced scorecard (BSC) to the private sector as a method for measuring performance beyond financial outcomes. This tool reflects the four major dimensions of an organization: financial, customer, internal processes, learning, and growth.

According to Kaplan and Norton, BSC translates a company’s strategic objectives into coherent performance measures using a comprehensive framework. Moreover, they believe that BSCs can lead to “breakthrough improvements” in the areas of product, process, customer, and market development.

In her article titled “The Balanced Scorecard: Outsmarting design and implementation traps,” Marcela Presecan, head of research, explained the 10 areas that must be examined before using BSC in an organization: strategy drafting, management identity, bureaucracy, employee perception, communication without understanding, lack of common vocabulary, getting over the experimental scorecard, standardizing balanced scorecard design, adapting to the business environment, and commitment of the organization. “When implemented with its full potential in mind, the balanced scorecard is one of the best reflections of an organization’s contribution to the real operating environment,” she wrote.

Meanwhile, Manoj Dubey, a consultant at TKI, argued in an article that the concept of BSC must be revisited. “The perspectives of BSC, especially internal processes and learning and growth, should evaluate the quality aspects of an organization in Industry 4.0. It should ensure that strategy formulation, strategy execution, and performance measurement system are aligned to new technologies,” he wrote. “A traditional approach of BSC leads to fixed or orthodox KPIs which are not relevant in today’s technological scenario. The concept should revolve around improving processes using the latest IT; this includes having new KPIs.”

To get more perspectives and information on BSC, check out this specially curated resources.

Articles

• How Apple uses the balanced scorecard
• The balanced scorecard of Philips
• How to use a balanced scorecard in a board’s performance evaluation
• The balanced scorecard: review and criticism
• Insights on developing a bank’s balanced scorecard

Webinar

Understanding the components of the Balanced Scorecard System – Following a performance management process, the final step regarding a company’s key performance indicators (KPIs) after data gathering is reporting and decision-making. It is crucial that this step is done correctly, as it has an important impact on how organizations utilize KPIs to inform decisions. The focus will be on understanding proper reporting guidelines, along with using business analysis techniques for better decision-making and improved initiatives for performance enhancement.

Certification

The KPI Institute’s Certified Balanced Scorecard Management System Professional provides participants with relevant knowledge on how to develop and implement a balanced scorecard system. It also offers a comprehensive overview on the many benefits any organization can extract from the BSC system implementation. Sign up here.

Advisory Services

Through The KPI Institute’s advisory team, organizations and professionals have access to a diverse range of services from KPI advisory calls to complex performance management systems implementation spread over 12 different practice areas, including BSC. If you want to improve your current level of performance using a clear and concise toolset, the BSC is the answer. TKI’s experts and consultants are here to support you in this performance management journey by developing and implementing the BSC system down to the employee level. Learn more here.

Big data now plays a crucial role in every business’ success. Through the application of analytics, data analysis is allowing businesses to become even more competitive. 

Organizations adopt big data and analytics to analyze massive volumes of data generated by offline and online trading. Based on the Big Data & Business Analytics Market Statistics 2030, the value of the global big data and business analytics market is estimated to increase to $684.12 billion by 2030 from $198.08 billion in 2020. 

The goal of data analysis is to extract meaningful information and use it to make informed business decisions. By analyzing and comparing previous and new data, organizations can understand what happened in between. Then, organizations can come up with metrics and action plans to drive their performance. It involves boosting customer loyalty, increasing sales, improving and retaining successful practices, and enhancing employee productivity.

According to a PwC poll of 1,000 corporate executives, data-driven firms were three times more likely to achieve big gains in their decision-making capabilities. 

A data-first approach is required for a digital-first enterprise strategy. In a multi-cloud context, a well-planned data strategy for a digital company gives “business transformation opportunities, cost reduction, better engagement, and maximum flexibility.”

To get the most out of data, organizations must create an effective data analysis process. This procedure entails objective setting, data collection, cleaning and analyzing data, and data visualization.

Before collecting data, defining the goals of the organization is important. Businesses can choose the type of data to collect and evaluate it to ensure it is aligned with their goals. Then, businesses must integrate data using tools such as Informatica PowerCenter, SQL Server Integration Services (SSIS) by Microsoft, AWS Glue by Amazon Web Services (AWS), and Alteryx Designer.. 

All data must be gathered in one place to be examined. Companies must clean their data by removing irrelevant and unwanted information, fixing structural errors, and filling out the missing data in order to produce accurate findings. To better understand the data, organizations should use data analysis software and other technologies. 

Some data analysis software available are XLSTAT, the leading data analysis and statistical solution for Microsoft Excel; Python, a powerful tool consisting of materials for any aspect of scientific computing; and SAS, a statistical software for business intelligence and data management.

To acquire useful insights, businesses should dive deep into the data. They should analyze and narrow down the results of the gathered data to draw conclusions. Then, organizations must interpret the results to figure out the best next steps to reach the goals established in the beginning of the process.

Organizations should deliver information in a readable and understandable format. Businesses can present data using graphs, maps, and charts. Data visualization can help companies compare data sets and observe their relationships.

Data analysis helps anticipate future trends more precisely, allowing organizations to determine where they are headed and what they need to get there.

To learn more about data analysis, explore The KPI Institute’s reports and free webinars and stay tuned for the next schedule of the Certified Data Analysis Live Online Course.