Dresner Advisory Wisdom of Crowds Enterprise Performance
Management Market Study Highlights User Trends
NASHUA,
N.H., June 27, 2024 /PRNewswire/ -- Usage of
enterprise performance management increased to 71 percent in 2024,
up from 62 percent in 2023, according to the Dresner Advisory
Services 2024 Wisdom of Crowds® Enterprise Performance
Management Market Study.
The Enterprise Performance Management (EPM) Market Study, now in
its 10th edition, is Dresner's broad assessment of the
market, providing a comprehensive look at key user behaviors,
attitudes, and intentions and comparing the findings to previous
years.
The report examines overall importance of EPM, adoption trends,
implementation and sourcing strategies, planning priorities, and
rolling forecasts. It includes an analysis of success with EPM,
sourcing preferences, cloud deployments, as well as the impact of,
and use cases for, artificial intelligence (AI).
Some of the report's findings include:
- Around 52 percent of organizations have been using EPM software
for 5 years or longer.
- Sourcing enterprise performance management solutions from
specialist vendors regardless of ERP vendor affiliation remains the
preferred approach in 2024.
- Financial budgeting and planning remains the most important EPM
capability, ranking significantly higher than all other
capabilities.
- Organizations of all sizes report good levels of success with
enterprise performance management.
"New this year, our report explores the application of
artificial intelligence (AI) to specific use cases within EPM.
Although skepticism about AI in the context of EPM has been
steadily dropping, barriers to adoption remain. Our analysis
reveals where users see the greatest value for AI in supporting
more effective performance management and decision making," said
Howard Dresner, founder and chief
research officer at Dresner Advisory.
The 2024 EPM Market Study includes a comprehensive analysis of
the leading suppliers, ranking 16 vendors using four different
models – individual ratings using Dresner's trademark 33-measure
system, and three collective models including a new Value / TCO
Model.
Wisdom of Crowds® research is based on data collected
on usage and deployment trends, products, and vendors. Users in all
roles and throughout all industries contributed to provide a
complete view of realities, plans, and perceptions of the market.
For more information visit www.dresneradvisory.com.
About Dresner Advisory Services
Dresner Advisory
Services was formed by Howard
Dresner, an independent analyst, author, lecturer, and
business adviser. Dresner Advisory Services, LLC focuses on
creating and sharing thought leadership for Business Intelligence
(BI), Performance Management, and related areas.
Press contact:
Danielle Guinebertiere
Dresner Advisory Services
978 254 5587
379709@email4pr.com
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SOURCE Dresner Advisory Services