For the fourth year in a row, Gartner lists Synergy Indicata Monitoring & Evaluation Software in the 2018 Market Guide for Strategy Execution Management (SEM) Software as a representative vendor.

Over the past year, Gartner, the world’s leading IT research and advisory company, tracked the strategy execution market. 18 companies – the best in providing strategy execution and M&E software to clients worldwide – were selected to be included in its 2018 Market Guide as representative vendors for SEM.

Gartner’s Market Guide analyses the global SEM market and selects companies that best cater to the needs of emerging digitized strategy-to-execution management. This means providing frameworks and tools that ensure a more fluid and continuous communication between enterprise portfolio management offices and business strategists and an active engagement between higher-level executives and those involved in the day-to-day strategy execution. According to Gartner, these SEM tools will support the transformation of complex adaptive systems, implement end-to-end investment management, and design processes that capture information as a part of working with the system.

With its complete suite of features, Synergy Indicata covers well beyond Gartner’s criteria of effective Strategy Execution Management. The software provides a set of tools and practices that offer multidirectional communication, dynamic portfolio and program management, and enables investment portfolio modelling and evidence-based decision making. Moreover, Synergy Indicata offers tool-kits to link between strategies, metrics, and resources.

Ashot Hovhanesian, CEO of Synergy International Systems, said: “At Synergy we remain committed to providing our customers a future-ready SEM software that continually improves impact-driven strategy execution. To do so, we focus our efforts on R&D in evolving strategy execution into a smarter execution”.

The fact that Gartner lists Synergy Indicata in its Market Guide for SEM is an indicator that Synergy is constantly advancing its technologies for the advancement of global strategy execution management.

Gartner has included Synergy’s Indicata Monitoring & Evaluation Software in its 2017 Market Guide for Strategy Execution Management (SEM) Software. Organizations around the world use Indicata to assess how well they are executing their corporate strategy based on the performance of their portfolio of programs and projects.

Gartner has been tracking the strategy execution market over the last three years and it is still in a maturing phase. In the previous market analysis, Gartner identified an emerging yet pivotal shift from project-focused software tools to strategy-centric enterprise-wide solutions. Throughout this period, organizations have also increasingly recognized that executing strategy effectively in the digital age requires a new set of tools and practices.

In the light of continuous market development, SEM market definition has also been transformed. If in the past, Gartner emphasized bidirectional communication and investment portfolio decision making and modeling, the 2017 Market Guide goes beyond these two descriptors as “organizations now strive to build strong linkage between strategies, metrics and resources, with the actual and anticipated results of plans, projects and assets to meet organizational strategies.” These evolving paradigms suggested by Gartner have progressed in line with the organizations’ readiness and capacity to juxtapose corporate strategy and day-to-day operation of the organization.

Now, when strategy is evolving in much shorter increments of time, SEM tools should be more agile to support continuous change. According to Gartner, “implementation of solid investment planning processes and clear communication channels supporting the continuous, nearly real-time decision-making process is required for successful SEM.”

According to Dr. Ashot Hovanesian, CEO of Synergy International Systems “The symbiosis of well-honed strategy, resource optimization and portfolio management has become a catalyst for successful operation of an organization. Synergy Indicata encompasses all these elements and can help organizations to drive transformation”.

This marks the third time in a row that Synergy Indicata has been listed in a Gartner Market Guide for Strategy Execution. The continuous inclusion of Synergy in Gartner’s Market Guides further indicates that Synergy keeps track of the Strategy Execution market development. The evolvement of Synergy Indicata goes hand in hand with the advancing breadth of its feature set.

Gartner, the leading IT market-research firm, has selected Synergy International Systems, Inc.—with its <astyle=”color: #337ab7;” href=”https://www.synisys.com/synergy-indicata/”>Indicata Monitoring & Evaluation Software solution—as one of six Representative Vendors in its 2016 Market Guide for Strategy Execution Software.

Synergy Indicata is a strategy execution solution that enables organizations to manage the entire corporate chain from strategy to results. With Indicata, organizations can set up strategic frameworks, measure portfolio-wide performance, and visualize performance data.

Although Gartner has been tracking the strategy execution market over the last three years, 2016 seems to mark a turning point in this market. According to Gartner, “Organizations are realizing that executing strategy effectively in the digital age requires a new set of tools and practices. Transformation leaders and EPMO leaders should consider investing in strategy execution software to help close the ever-persistent “execution gap.”

Based on its Market Clock concept, Gartner has placed strategy execution software at the center of the first-mover opportunity zone, graduating it from its emerging market status of just two years ago. Organizations increasingly recognize that executing strategy effectively depends on their ability to be fast and agile. Agile strategy execution, which goes beyond linear project management, becomes critical for that purpose.

Moreover, private sector organizations are keen to make strategy execution a strong internal capability and adopt tools that support real-time decision making. As Gartner observes, “Companies that dedicated time and resources to strategy execution, outside of normal operations, appeared to be more successful than companies that followed the normal path of attempting to execute strategy by overlaying strategic work onto their existing operational performance management framework.”

Synergy has been providing software for performance management—also known as Monitoring & Evaluation—in the public sector for many years. Clients include the U.S. government, international development organizations, foreign government agencies, and non-profits. A prominent example is a web-based system for the U.S. government’s Feed the Future Initiative (FTF), a multi-billion dollar interagency effort that addresses hunger and food insecurity around the world.

According to Dr. Ashot Hovanesian, CEO of Synergy, “Our expertise in Monitoring and Evaluation software in the public sector is highly relevant to the emerging strategy execution needs of the private sector. Indicata delivers greater agility to organizations that are looking to close the execution gap and ensure that strategic efforts are on point.”

Gartner believes that the six representative vendors listed in the Market Guide all provide the must-have features of strategy execution software. It also forecasts that the vendors are on track to add the should-have features to their offerings.

The original source: Gartner