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Smart Analytics and AI for Managing Modern Performance Management Systems

In: Smart Analytics, Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy

Author

Listed:
  • R. Dhanalakshmi
  • Dwaraka Mai Cherukuri
  • Akash Ambashankar
  • Arunkumar Sivaraman
  • Kiran Sood

Abstract

Purpose:This chapter aims to analyse and highlight the current landscape of performance management (PM) systems, and the benefits of integrating modern technology such as smart analytics (SA) and artificial intelligence (AI) into PM systems. The chapter discusses the application of AI in PM tasks which successively simplify many offline PM tasks. Methodology:To carry out this analysis, a systematic literature review was performed. The review covers literature detailing PM components as well as research concerned with the integration of SA and AI into PM systems. Findings:This study uncovers the merits of using SA and AI in PM. SA technology provides organisations with a clear direction for improvement, rather than simply state failure in performance. AI can be used to automate redundant tasks while retaining the human element of decision-making. AI also helps reduce the time required to take action on feedback. Significance:The findings of this research provide insights into the use of SA and AI to make PM tasks fast, scalable, and error-free.

Suggested Citation

  • R. Dhanalakshmi & Dwaraka Mai Cherukuri & Akash Ambashankar & Arunkumar Sivaraman & Kiran Sood, 2023. "Smart Analytics and AI for Managing Modern Performance Management Systems," Contemporary Studies in Economic and Financial Analysis, in: Smart Analytics, Artificial Intelligence and Sustainable Performance Management in a Global Digitalised Economy, volume 110, pages 243-263, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-37592023000110b016
    DOI: 10.1108/S1569-37592023000110B016
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