Dresdner Advisory’s Wisdom of Crowds Enterprise Performance Management Market Study Reveals User Trends
Nashua, New Hampshire, June 27, 2024 /PRNewswire/ — Enterprise performance management usage has grown from 62% in 2023 to 71% in 2024, according to Dresner Advisory Services’ 2024 Wisdom of Crowds® Enterprise Performance Management Market Study.
Enterprise Performance Management (EPM) Market Survey, now in its 10th yearNumber This edition is Dresdner’s extensive assessment of the market, taking a comprehensive look at key user behaviors, attitudes and intentions and comparing the results with the previous year.
The report examines the overall importance of EPM, adoption trends, implementation and procurement strategies, planning priorities, and rolling forecasts. It also includes analysis of EPM success, procurement preferences, cloud adoption, and artificial intelligence (AI) impact and use cases.
Some of the report’s findings include:
- Approximately 52 percent of organizations have been using EPM software for more than five years.
- Sourcing enterprise performance management solutions from specialist vendors will remain the recommended approach in 2024, regardless of ERP vendor affiliation.
- Financial budgeting and planning remains the most important EPM function, ranking significantly higher than all other functions.
- Organizations of all sizes are reporting high levels of success with enterprise performance management.
“This year’s new report explores the application of artificial intelligence (AI) to specific use cases within EPM. Skepticism towards AI in the EPM context has steadily decreased, but barriers to adoption remain. Our analysis reveals where users see the most value in AI in supporting more effective performance management and decision-making,” said Dr. Howard DresnerFounder and Chief Research Officer of Dresdner Advisory.
The 2024 EPM market study includes a comprehensive analysis of the leading suppliers, ranking 16 vendors using four different models: individual assessments using Dresner’s trademarked 33-measurement system and three aggregate models, including a new Value/TCO model.
Wisdom of the Crowds® The study is based on data collected on usage and adoption trends, products, and vendors. Users across all roles and industries collaborated to provide a complete view of the current market status, plans, and perceptions. For more information, visit www.dresneradvisory.com.
About Dresdner Advisory Services
Dresdner Advisory Services Howard Dresnerindependent analyst, author, lecturer and business advisor. Dresner Advisory Services, LLC is focused on creating and sharing thought leadership in business intelligence (BI), performance management and related fields.
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