email, text, call or any other medium (on integration with Zapier) for a quicker fix.
Sometimes the alerts are dispatched in a predetermined way with the help of predictive failure
alert (PFA).
What do application or performance monitoring tools aid us with?
Identifies performance affecting issues
Monitors applications constantly
Gathers data on all fronts of an app‘s performance
Gathers usage and application performance metrics
Well, from the following list pick out the application performance monitoring tool (APM) that
best suits you.
Website Monitoring Tools
Insping
Updown
Pingometer
Uptime Robot
Pingdom
Server Monitoring Tools
Insping
Monitor.us
Nagios Core
Ganglia
Collectd
Network Monitoring Tools
Nagios
Capsa Free
Fiddler
NetworkMiner
Pandora FMS
Application Performance Monitoring Tools
Insping
New Relic APM
AppDynamics
Foglight
ExtraHop
Real User Monitoring Tools
AppDynamics
Dynatrace
inspectIT
Akamai
Pingdom
2.Benchmarking.
Benchmarking is the practice of comparing business processes and
performance metrics
to industry bests and
best practices
from other companies. Dimensions typically measured are
quality, time and cost.
Benchmarking is used to measure performance using a specific
indicator
(cost per unit of
measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit
of measure) resulting in a metric of performance that is then compared to others.
Also referred to as "best practice benchmarking" or "process benchmarking", this process
is used in management in which organizations evaluate various aspects of their processes in
relation to best-practice companies' processes, usually within a peer group defined for the
purposes of comparison. This then allows organizations to develop plans on how to make
improvements or adapt specific best practices, usually with the aim of increasing some aspect of
performance. Benchmarking may be a one-off event, but is often treated as a continuous process
in which organizations continually seek to improve their practices.
In
project management
benchmarking can also support the selection, planning and
delivery of projects.
In the process of best practice benchmarking, management identifies the best firms in
their industry, or in another industry where similar processes exist, and compares the results and
processes of those studied (the "targets") to one's own results and processes. In this way, they
learn how well the targets perform and, more importantly, the business processes that explain
why these firms are successful. According to National Council on Measurement in Education,
benchmark assessments are short assessments used by teachers at various times throughout the
school year to monitor student progress in some area of the school curriculum. These also are
known as interim assessments.
History
The term benchmark, originates from the history of guns and ammunition, in regards to
the same aim as for the business term; comparison and improved performance. The introduction
of gunpowder arms replaced the bow and arrow from the archer, the soldier who used the bow.
The archer now had to adapt to the new situation, and learn to handle the gun. The new weapon
left only a mark on the target, where the arrow used to be visible, and with the bow gone, the
soldiers title changed to
marksman
, the man who put the mark. The gun was improved already in
the early beginning, with rifling of the barrel, and the rifle was born. With the industrialization of
the weapon-industry in the mid-1800's, The mass production of ammunition as a cartridge
replaced the manual loading of black-powder and bullet into the gun. Now, with standardized
production of both the high-precision rifle, as well as the cartridge, the marksman was now the
uncertain variable, and with different qualities and specifications on both rifle as well as
ammunition, there was a need for a method of finding the best combination. The rifled weapon
was fixed in a bench, making it possible to fire several identical shots at a target to measure the
spread.
In 2008, a comprehensive survey
[5]
on benchmarking was commissioned by The Global
Benchmarking Network, a network of benchmarking centres representing 22 countries.
1. Mission and Vision Statements and Customer (Client) Surveys are the most used (by
77% of organizations) of 20 improvement tools, followed by
SWOT analysis
(strengths,
weaknesses, opportunities, and threats) (72%), and Informal Benchmarking (68%).
Performance Benchmarking
was used by 49% and Best Practice Benchmarking by 39%.
2. The tools that are likely to increase in popularity the most over the next three years are
Performance Benchmarking, Informal Benchmarking, SWOT, and Best Practice
Benchmarking. Over 60% of organizations that are not currently using these tools
indicated they are likely to use them in the next three years. benchmarking mainly
depends on SWOT analysis and will also be using in future for almost 4-5 years.
Procedure
There is no single benchmarking process that has been universally adopted. The wide
appeal and acceptance of benchmarking has led to the emergence of benchmarking
methodologies. One seminal book is Boxwell's Benchmarking for Competitive Advantage
(1994). The first book on benchmarking, written and published by
Kaiser Associates
,
[7]
is a
practical guide and offers a seven-step approach. Robert Camp (who wrote one of the earliest
books on benchmarking in 1989) developed a 12-stage approach to benchmarking.
The 12 stage methodology consists of:
1. Select subject
2. Define the process
3. Identify potential partners
4. Identify data sources
5. Collect data and select all partners
6. Determine the gap
7. Establish process differences
8. Target future performance
9. Communicate
10. Adjust goal
11. Implement
12. Review and recalibrate
The following is an example of a typical benchmarking methodology:
Identify problem areas: Because benchmarking can be applied to any business process or
function, a range of research techniques may be required. They include informal
conversations with customers, employees, or suppliers;
exploratory research
techniques such
as
focus groups
; or in-depth
marketing research
,
quantitative research
,
surveys
,
questionnaires
, re-engineering analysis, process mapping, quality control variance reports,
financial ratio analysis, or simply reviewing cycle times or other performance indicators.
Before embarking on comparison with other organizations it is essential to know the
organization's function and processes; base lining performance provides a point against
which improvement effort can be measured.
Identify other industries that have similar processes: For instance, if one were interested in
improving hand-offs in addiction treatment one would identify other fields that also have
hand-off challenges. These could include air traffic control, cell phone switching between
towers, transfer of patients from surgery to recovery rooms.
Identify organizations that are leaders in these areas: Look for the very best in any industry
and in any country. Consult customers, suppliers, financial analysts, trade associations, and
magazines to determine which companies are worthy of study.
Survey companies for measures and practices: Companies target specific business processes
using detailed surveys of measures and practices used to identify business process
alternatives and leading companies. Surveys are typically masked to protect confidential data
by neutral associations and consultants.
Visit the "best practice" companies to identify leading edge practices: Companies typically
agree to mutually exchange information beneficial to all parties in a benchmarking group and
share the results within the group.
Implement new and improved business practices: Take the leading edge practices and
develop implementation plans which include identification of specific opportunities, funding
the project and selling the ideas to the organization for the purpose of gaining demonstrated
value from the process.
Costs
The three main types of costs in benchmarking are:
Visit Costs - This includes hotel rooms, travel costs, meals, a token gift, and lost labor time.
Time Costs - Members of the benchmarking team will be investing time in researching
problems, finding exceptional companies to study, visits, and implementation. This will take
them away from their regular tasks for part of each day so additional staff might be required.
Benchmarking Database Costs - Organizations that institutionalize benchmarking into their
daily procedures find it is useful to create and maintain a database of best practices and the
companies associated with each best practice now.
The cost of benchmarking can substantially be reduced through utilizing the many internet
resources that have sprung up over the last few years. These aim to capture benchmarks and best
practices from organizations, business sectors and countries to make the benchmarking process
much quicker and cheaper.
Technical/product benchmarking
The technique initially used to compare existing corporate strategies with a view to achieving the
best possible performance in new situations (see above), has recently been extended to the
comparison of technical products. This process is usually referred to as "technical
benchmarking" or "product benchmarking". Its use is well-developed within the automotive
industry ("automotive benchmarking"), where it is vital to design products that match precise
user expectations, at minimal cost, by applying the best technologies available worldwide. Data
is obtained by fully disassembling existing cars and their systems. Such analyses were initially
carried out in-house by car makers and their suppliers. However, as these analyses are expensive,
they are increasingly being outsourced to companies who specialize in this area. Outsourcing has
enabled a drastic decrease in costs for each company (by cost sharing) and the development of
efficient tools (standards, software).
Types[
Benchmarking can be internal (comparing performance between different groups or teams within
an organization) or external (comparing performance with companies in a specific industry or
across industries). Within these broader categories, there are three specific types of
benchmarking: 1) Process benchmarking, 2) Performance benchmarking and 3) Strategic
benchmarking. These can be further detailed as follows:
Process benchmarking - the initiating firm focuses its observation and investigation of
business processes with a goal of identifying and observing the best practices from one or
more benchmark firms. Activity analysis will be required where the objective is to
benchmark cost and efficiency; increasingly applied to back-office processes where
outsourcing may be a consideration. Benchmarking is appropriate in nearly every case where
process redesign or improvement is to be undertaking so long as the cost of the study does
not exceed the expected benefit.
Financial benchmarking - performing a financial analysis and comparing the results in an
effort to assess your overall competitiveness and productivity.
Benchmarking from an investor perspective- extending the benchmarking universe to also
compare to peer companies that can be considered alternative investment opportunities from
the perspective of an investor.
Benchmarking in the public sector - functions as a tool for improvement and innovation in
public administration, where state organizations invest efforts and resources to achieve
quality, efficiency and effectiveness of the services they provide.
Performance benchmarking - allows the initiator firm to assess their competitive position by
comparing products and services with those of target firms.
Product benchmarking - the process of designing new products or upgrades to current ones.
This process can sometimes involve reverse engineering which is taking apart competitors
products to find strengths and weaknesses.
Strategic benchmarking - involves observing how others compete. This type is usually not
industry specific, meaning it is best to look at other industries.
Functional benchmarking - a company will focus its benchmarking on a single function to
improve the operation of that particular function. Complex functions such as Human
Resources, Finance and Accounting and Information and Communication Technology are
unlikely to be directly comparable in cost and efficiency terms and may need to be
disaggregated into processes to make valid comparison.
Best-in-class benchmarking - involves studying the leading competitor or the company that
best carries out a specific function.
Operational benchmarking embraces everything from staffing and productivity to office flow
and analysis of procedures performed.
[10]
Energy benchmarking - process of collecting, analysing and relating energy performance
data of comparable activities with the purpose of evaluating and comparing performance
between or within entities.
[11]
Entities can include processes, buildings or companies.
Benchmarking may be internal between entities within a single organization, or - subject to
confidentiality restrictions - external between competing entities.
Tools
Further information:
List of benchmarking methods and software tools
Benchmarking software can be used to organize large and complex amounts of information.
Software packages can extend the concept of benchmarking and competitive analysis by
allowing individuals to handle such large and complex amounts or strategies. Such tools support
different types of benchmarking (see above) and can reduce the above costs significantly.
The emerging technology of benchmarking engines automates the stage of going from data to
noteworthy comparative insights, sometimes even expressing the insights in English sentences.
Metric benchmarking
Another approach to making comparisons involves using more aggregative cost or
production information to identify strong and weak performing units. The two most common
forms of quantitative analysis used in metric benchmarking are data envelope analysis (DEA)
and regression analysis. DEA estimates the cost level an efficient firm should be able to achieve
in a particular market. In infrastructure regulation, DEA сan be used to reward
companies/operators whose costs are near the efficient frontier with additional profits.
Regression analysis estimates what the average firm should be able to achieve. With regression
analysis, firms that performed better than average can be rewarded while firms that performed
worse than average can be penalized. Such benchmarking studies are used to create yardstick
comparisons, allowing outsiders to evaluate the performance of operators in an industry.
Advanced statistical techniques, including
stochastic frontier analysis
, have been used to identify
high and weak performers in industries, including applications to schools, hospitals, water
utilities, and electric utilities.
[12]
One of the biggest challenges for metric benchmarking is the variety of metric definitions
used among companies or divisions. Definitions may change over time within the same
organization due to changes in leadership and priorities. The most useful comparisons can be
made when metrics definitions are common between compared units and do not change so
improvements can be changed.
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