Imagine getting into your car to drive, but only being able to look through the rear-view mirror to get to your destination. An obviously daunting challenge. Yet this is how many executives and business managers steer their companies today. Even with advances in scorecard and metrics management systems, executives often have to base business decisions on outdated or incomplete information—for example, piecemeal data from different parts of the organization—and it can be challenging to connect the dots. Wouldn't it be better to know how your business is shaping up right now, so you could redirect the outcome, if necessary?
Now, there's a solution that can help you improve your business performance by giving you the capability to monitor and adjust business events in near real-time. It's called Event Monitoring. With Event Monitoring, you can raise your business to a level of high performance by making more timely and proactive business decisions.
Event Monitoring enables executives to look at their key performance indicators in near real-time and drill down to key business processes being monitored, reducing the data cycle from weeks or days to minutes. The result is an unprecedented level and speed of insight into what is actually happening in your business.
Event Monitoring:
- Collects information on complex business processes through the use of application and database probes.
- Correlates this information and enables root cause analysis to solve problems in the business process.
- Alerts business managers to issues early, before they become real problems and negatively impact the business.
- Monitors events and ongoing operations to ensure expectations are met.
These actions create three major benefits. The first is increased agility—problems can be fixed at the source, and at once. The second is improved operational efficiency, with more timely and proactive business decisions. The third is the ability to synchronize planning and execution, by identifying and addressing problems now rather than next month. Event Monitoring can deliver these benefits without requiring automation of all the underlying processes, which can remain manually-based if appropriate.