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Predictive Performance Management: Continually Improve Performance by Applying the Power of Analytics
Utilities companies are constantly required to change. Whether it's building new plants that produce fewer emissions, finding ways to perform with lower costs or readying itself for merger or acquisition, utility companies must respond to many competing outside circumstances. This whitepaper offers thoughts on improving performance despite this tumult, through utilization of management technology. It describes how good performance management integrates reporting, management and control by aligning strategies, resources and finances. It discusses how even greater benefits can be achieved when performance management is continually monitored and improved by management having accurate answers to critical questions. This paper also focuses on improving performance by integrating analytics into performance management and educates executives about how predictive analytics, when embedded into the performance management process, can empower organizations to gain greater insights from their past. By knowing past performing strengths and weaknesses, the utility can provide the change required for the future.
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