Performax360 ensures continuous touchpoints with key stakeholder groups on critical issues relevant to projects, initiatives, internal functions, and processes.
By capturing real-time qualitative and quantitative feedback from key stakeholder groups such as employees, customers, partners, or community members, Performax360 supports you with 360° LIVE business intelligence.
Your stakeholders may use the Performax360 web app, IOS app, or Android app to submit their feedback anytime, from anywhere, on any device. This makes it easy for them to share their observations, comments, and ideas for action on critical issues.
In the age of big-data, we have access to too much information, but not necessarily the right information. For decision-making purposes, we need access to ‘high-fidelity’ business intelligence on critical success factors and key issues relevant to projects, initiatives, functions, and processes.
We call it ‘contextual intelligence’, which is business intelligence specifically collected on critical organizational issues, from all key stakeholders, in real-time. Performax360 thus leverages core decision-support intelligence, powered by sentiment and emotion analysis by IBM Watson cognitive analytics.
When stakeholders provide their feedback on contextually relevant issues, they can collaborate through the collaboration hub – real-time and asynchronous chatrooms specific to each critical issue.
Performax360 utilizes various proprietary AI algorithms and technologies to uncover hidden patterns in data. These include:
Multi-Objective Genetic Algorithm (MOGA) optimisation stochastic search algorithm based on mechanisms of natural selection. The Pareto frontier represents the set of non-dominated Stakeholder Sentiment ratings, related to KPI attainment.
Multi-class Support Vector Machine (SVM) to find the optimal separating hyperplanes between critical issues being evaluated
Principal Component Analysis (PCA) identifies principal component groupings for critical issues which reduces the dimensionality of data through an orthogonal transformation
Sentiment Analysis with IBM Watson Deep Learning (DL)
Neural Network Forecasting (NNF) leveraging the Levenberg-Marquardt training algorithm
Adaptive Neuro-Fuzzy Inference System (ANFIS), Sugeno-type, whose membership function parameters have been tuned using neuro-adaptive learning methods
Context-Aware Intelligent Recommendation System (CAIRS) leveraging adaptive deterministic feedback
Value at Risk (VaR) analysis leveraging non-parametric historical simulation algorithm at the 95% significance level.
The EU-U.S. and Swiss-U.S. Privacy Shield Frameworks were designed by the U.S. Department of Commerce, and the European Commission and Swiss Administration, respectively, to provide companies on both sides of the Atlantic with a mechanism to comply with data protection requirements when transferring personal data from the European Union and Switzerland to the United States in support of transatlantic commerce. On July 12, 2016, the European Commission deemed the EU-U.S. Privacy Shield Framework adequate to enable data transfers under EU law (see the adequacy determination). The Privacy Shield program, which is administered by the International Trade Administration (ITA) within the U.S. Department of Commerce, enables U.S.-based organizations to join one or both of the Privacy Shield Frameworks in order to benefit from the adequacy determinations.
Since Performax360 is a LIVE ongoing stakeholder engagement platform, stakeholders may submit ‘Ideas for Action (IFAs)’ anytime from anywhere.
IFAs are dynamically reviewed, shortlisted, and submitted for approval by members of the Expert Panel for Action Planning.
The Executive Sponsor/CXO approves the action plan, allocates required resources for project implementation, assigns accountability, and monitors the action plan implementation progress through the Implementation Dashboard.
Organisations operate within a complex set of processes, policies, business rules, strategies, and practices. As such, it is imperative to keep team members on the same page, whether it is a project, process, function, or business unit that needs to be optimized.
Performax360 not only provides you with access to issue-specific stakeholder intelligence in real-time, and advanced analytics on the feedback collected, it constantly monitors your organisation’s performance environment, to pro-actively inform you of positive or negative performance alerts through our mobile app, right on your phone.
Configure the performance alerts as you prefer, in terms of topic, frequency, and parameter thresholds, so that you receive the right type of performance alerts, which come with drill-down capabilities for additional performance details, and enables you to take action instantly.
Access the World’s Largest Best Practices Knowledgebase
Our proprietary best practices knowledgebase includes 30,000+ Critical Issues of Critical Success Factors (CSFs); 60,000+ Key Performance Indicators (KPIs); 1,000+ Key Result Areas (KRAs), and over 1,000,000 Ideas for Action (IFAs) across 35 industry verticals, and 34 business components.
When you purchase an assessment, such as Sales or Marketing, you get access to pre-packaged best practices assessment templates and related best practices knowledgebase, to support the identification of critical issues, KPIs, and action plans.