Predictive Key Performance Indicators Examples

The following predictive key performance indicators examples illustrate the conversion of traditional KPI historical reporting to a predictive performance measurement report-out. The links below describe the details of converting dashboards that organizations are currently using to predictive performance reporting.

The importance of this form of reporting is highlighted in the article “Gartner Says Organizations Using Predictive Business Performance Metrics Will Increase Their Profitability 20 Percent by 2017.” The described predictive analytics techniques apply to the reporting of key performance indicators (KPIs) and other time-series process measurements throughout an organization.

Predictive Key Performance Indicators Examples 

Subdivided below are categorical types of traditional dashboard and KPI reporting. Links in the subdivisions provide application examples for the report-out-type category. Each of these illustrations provide insight to how an Integrated Enterprise Excellence (IEE) 30,000-foot-level report-out methodology provides additional insight to the action, if any, that should be undertaken to enhance a process’ performance via this predictive analytics approach.

The links to these predictive key performance indicators examples are to past Integrated Enterprise Excellence (IEE) Business Process Management (BPM) blog posts. Interested readers may want to subscribe to this blog for timely awareness of additional examples and information on predictive analytics.

With a predictive KPI reporting approach, it would not be unlike looking out the windshield of an automobile when making decisions relative to applying the brakes or turning the steering wheel; i.e., not unlike making decisions to improve a process.

Predictive key performance indicators examples, making decisions by looking out the windshield of an automobile

Predictive key performance indicators examples, making decisions by looking out the windshield of an automobile

 

This approach to predictive analytics data presentation provides more benefit than giving focus to historical data that is not examined as though it were the response from a process. This is not unlike driving an automobile by looking at the rear view mirror, which can lead to unintended consequences.

Potential unintended consequence from traditional KPI reporting that reports rear-view mirror historical metrics

Potential unintended consequence from traditional KPI reporting that reports rear-view mirror historical metrics

Table of Numbers Transition to Predictive KPI Reporting Examples

Stoplight Scorecard Reporting Transition to Predictive KPI Reporting Examples via its Predictive Analytics Technique

Time Series Plot Transition to Predictive KPI Reporting Examples

Business System Application for Predictive Analytics Scorecards

Predictive performance metric reporting addresses one of the challenges that executives have, as described in the article Executive Challenges and Resolution.

Organizations benefit when they use a predictive performance metric system within an enhanced business management system implementation.

Integrated Enterprise Excellence (IEE) Business Management System with its Predictive Analytics Framework

Integrated Enterprise Excellence (IEE) Business Management System provides a predictive analytics framework for addressing the traditional scorecard and business improvement issues described in a 1-minute video:

 

predictive analytics need video for scorecards

 

An overview of the IEE is provided in the article “Positive Metrics, Poor Business Performance: How Does this Happen?

 

predictive analytics need article

 

Contact Us to set up a time to discuss with Forrest Breyfogle how your organization might gain much from an Integrated Enterprise Excellence (IEE) Business Process Management System and its 30,000-foot-level predictive analytics scorecard methodology.