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Data & Knowledge Engineering
Article . 2017 . Peer-reviewed
License: Elsevier TDM
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Specification and derivation of key performance indicators for business analytics: A semantic approach

Authors: Alejandro Maté; Juan Trujillo 0001; John Mylopoulos;

Specification and derivation of key performance indicators for business analytics: A semantic approach

Abstract

Key Performance Indicators (KPI) measure the performance of an enterprise relative to its objectives thereby enabling corrective action where there are deviations. In current practice, KPIs are manually integrated within dashboards and scorecards used by decision makers. This practice entails various shortcomings. First, KPIs are not related to their business objectives and strategy. Consequently, decision makers often obtain a scattered view of the business status and business concerns. Second, while KPIs are defined by decision makers, their implementation is performed by IT specialists. This often results in discrepancies that are difficult to identify. In this paper, we propose an approach that provides decision makers with an integrated view of strategic business objectives and conceptual data warehouse KPIs. The main benefit of our proposal is that it links strategic business models to the data for monitoring and assessing them. In our proposal, KPIs are defined using a modeling language where decision makers specify KPIs using business terminology, but can also perform quick modifications and even navigate data while maintaining a strategic view. This enables monitoring and what-if analysis, thereby helping analysts to compare expectations with reported results.

This research has been supported by the European Research Council (ERC) through advanced Grant 267856, titled “Lucretius: Foundations for Software Evolution” (04/2011-03/2016) and the national project GEODAS-BI (TIN2012-37493-C03-03) from the Spanish Ministry of Economy and Competitiveness (MINECO). Alejandro Maté is funded by the Generalitat Valenciana under an APOSTD Grant (APOSTD/2014/064).

Country
Spain
Related Organizations
Keywords

Key performance indicators, Business analytics, Strategic models, Lenguajes y Sistemas Informáticos, Conceptual data warehouse models, Business intelligence

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
34
Top 10%
Top 10%
Top 10%
Green
bronze