30 August 2010

📊Business Intelligence: Scorecards (Definitions)

"Online, real time reporting to monitor performance against targets." (Paulraj Ponniah, "Data Warehousing Fundamentals for IT Professionals", 2010)

"An approach to rating risk used in many areas of risk management. A scorecard is most commonly used for rating customer risk (often individuals) as the probability of default in financial risk management." (Annetta Cortez & Bob Yehling, "The Complete Idiot's Guide To Risk Management", 2010)

"An application that helps organizations measure and align the strategic and tactical aspects of their businesses, comparing organizational and individual performance to goals and targets. (Laura Reeves, A Manager's Guide to Data Warehousing, 2009) 

"A collection of information - organized in a single view - that tracks an organization's progress toward a specific goal." (Ken Withee, "Microsoft® Business Intelligence For Dummies®", 2010)

"Performance management tools that help managers track performance against strategic goals" (Daniel Linstedt & W H Inmon, "Data Architecture: A Primer for the Data Scientist", 2014)

"Scorecards are used by enterprises to measure the progress against the enterprise strategy. Scorecards represent performance trends over a period of time such as monthly/quarterly/yearly; whereas dashboards indicate the status of a performance metric at a given point in time. In contrast, dashboards are used to represent actual granular data, they contain data that is more recent than that of scorecards." (Saumya Chaki, "Enterprise Information Management in Practice", 2015)

"A graphical representation of valid values for a source column or output of a rule in profile results. Use scorecards to measure data quality progress." (Informatica)

"A representation of summarized performance measurements representing progress towards the implementation of long-term goals. A scorecard provides static measurements of performance over or at the end of a defined interval." (ISQTB)

"A scorecard is a visual display of the most important information needed to achieve one or more objectives, consolidated and arranged on a single screen so the information can be monitored at a glance. Unlike dashboards that display actual values of metrics, scorecards typically display the gap between actual and target values for a smaller number of key performance indicators." (Intrafocus)

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IT Professional with more than 24 years experience in IT in the area of full life-cycle of Web/Desktop/Database Applications Development, Software Engineering, Consultancy, Data Management, Data Quality, Data Migrations, Reporting, ERP implementations & support, Team/Project/IT Management, etc.