Dashboard technology could be at the centre of improving project management and strategic planning processes.
This is according to new analysis by Gartner, which claimed companies are looking to IT-enabled business transformation to relieve the pressures of ongoing economic uncertainty.
Donna Fitzgerald, research vice-president at the organisation, said providers offering program portfolio tools, primarily as dashboards, will continue to experience success and drive strategic performance.
"The vendors that provide both the technology and methodology to connect these dashboards to the actual change initiatives will be the ones with staying power," she stated.
StrategyBlocks is a business strategy software that offers these capabilities and more. Operating in the cloud, the platform connects people, processes and strategies through multiple bookmarked dashboard views. These are constantly refreshed through company-wide contribution, ensuring everyone is on the same page when it comes to strategic performance management.
Effective measuring and monitoring tools enable managers to track the progress of strategy execution. This ensures changes can be made as soon as possible to prevent initiatives from going off track.
And organisations that are able to leverage these qualities are likely to experience significant positive outcomes. Recent statistics from Hays Australia showed project managers are in high demand, as businesses look set to take advantage of low interest rates to embark on growth initiatives.
Ms Fitzgerald said organisational change is "at the centre" of transformation programs, but companies often find they do not have the right skills and technology to achieve success.
"Without the right people and changes to process, the planned benefits of the program don't materialise, no matter how perfectly the technology aspects of the program are executed," she stated.
"To deliver an effective, integrated outcome, all three aspects of the current reality – people, process and technology – must be transformed in concert."