Reference no: EM133463326

Poor performance in a company can cause failure if the appropriate solution is not identified. A gap analysis can identify the specific reasons for poor performance. Additionally, a gap analysis can clarify the actions to take to correct the situation and give the company increased performance values to succeed.

In the article Business Process, Financial Performance, and Data Management, you read about how Paychex, Inc. used an ETL tool to transform data into information. This information gave the company an opportunity to strategically manage its data and keep its revenue on a steady incline.

Write a brief overview of the article. Describe how a gap analysis could help Paychex make a decision about the possible expansion of their payroll service to larger corporations. Note: Keep in mind that there are several types of gap analyses. The type of gap analysis you would perform for Paychex is not the same type of gap analysis you would use for Project One.

In response to your peers, offer another circumstance in which a gap analysis would be beneficial to Paychex, Inc.