Exploring Benchmarks

  • Release version: Xanadu
  • Updated August 1, 2024
  • 3 minutes to read
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    Summary of Exploring Benchmarks

    The Benchmarks application for IT Service Management (ITSM) provides ServiceNow customers with comparative insights into their key performance indicators (KPIs) relative to industry averages and top performers. It securely collects daily performance data from customer instances, aggregates it into monthly global benchmark reports, and delivers these insights through a mobile-friendly dashboard. This enables customers to quickly assess their performance trends and identify areas for improvement.

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    ServiceNow collects data daily and uploads the previous month's data at the start of the following month. Aggregated monthly results, including your instance’s performance, global results, and rankings, are then available mid-month. Customers also receive tailored recommendation candidates to help improve KPI outcomes. Participation requires opting in from a production instance, excluding Express, Federal, and on-premise customers. Managed Service Providers (MSPs) have additional access to MSP aggregate data.

    Key features

    • Access to KPIs from ITSM, ITOM, Security Operations, with the ability to customize KPI definitions.
    • A mobile-friendly Benchmarks dashboard that allows filtering by industry, user size, geographical region, and peer group similarity.
    • Downloadable KPI reports in PDF format for easy sharing and analysis.
    • Email notifications alerting customers when new monthly benchmark data is available.
    • Percentile rankings to show your standing within peer groups.
    • Dynamic, monthly-updated recommendation candidates to guide KPI performance improvements.
    • Role-based data access controls to protect sensitive information.
    • Integration with Performance Analytics for daily data collection and detailed KPI drill-down.
    • Benchmark Scheduler (bm.scheduler) user is provisioned to support data collection processes.

    Key outcomes

    • Global anonymity: Your organization's data is visible internally, while global benchmark data remains anonymous to protect privacy.
    • Relevant industry comparisons: Filters allow benchmarking against companies by industry, company size (active ServiceNow users), and geographical region, ensuring comparisons are meaningful.
    • Trend analysis: Access up to six months of historical KPI data to track service delivery progress and identify improvement opportunities.
    • Actionable recommendations: Receive data-driven suggestions updated monthly to help optimize your KPIs and service performance.
    • Regular reporting: Monthly refreshed reports provide up-to-date insights, with automated notifications when new data is available.

    Use Benchmarks for ITSM to get a comparative insight relative to industry averages of your peers and to the industry top performers. With Benchmarks get a quick visibility into your key performance indicators (KPIs) and trends.

    The ServiceNow Benchmarks application securely collects daily data on your instance and then aggregates the data into monthly global benchmark reports.

    Performance Analytics collects daily data on customer instances. The data from the previous month is uploaded at the beginning of the following month via a scheduled job. If there are any errors, there are multiple retries.

    This video provides an overview of how you can get started with Benchmarks.

    During the month the data is uploaded, the data is aggregated and monthly results (your instance results, global results, and your ranking) are downloaded to the customer instance mid month. Monthly recommendation candidates are provided that you can implement to help improve your KPI performance. An email notification is sent when the global data is available.

    ServiceNow has over 2850 customers that have opted into the Benchmarks program. All ServiceNow customers are allowed to participate in the Benchmarks program by opting in from their ServiceNow production instance, except:
    • Express customers
    • Federal customers
    • Customers with on-premise instances
    Note:
    You must have a production instance to opt into the Benchmarks program.
    Managed Service Providers (MSPs) and MSP-managed instances are supported and have exclusive access to global MSP aggregate score data. All instances will support the following benchmarks that can be downloaded for comparison in the Benchmarks dashboard:
    • Global, which applies to all customers
    • Industry category
    • User size, based on active user count
    • Companies in your industry category and those that are of similar size to your company
    • Geographical regions
    Note:
    • These benchmarks aren’t calculated using MSP data.
    • Along with the above Benchmarks, you will also receive the top performers in each of these categories.
    • Changing KPI configuration within the month requires one to two months of data collection before your monthly values reflect that change.
    • The Benchmark Scheduler (bm.scheduler) user is added with Benchmarks. It’s required for Benchmarks data collection.

    Key features

    • Available KPIs from other ServiceNow applications such as ITSM, ITOM, Security Operations. For more information, see Benchmark KPIs.
    • Ability to change KPI definitions to match customizations.
    • Benchmarks dashboard in Service Portal (mobile friendly).
    • Ability to download KPI reports.
    • Ability to filter data based on the following parameters:
      • Industry, number of users, or geographical region.
      • Companies in your industry category and of similar user size.
    • Email notification when new aggregate monthly data is available.
    • Percentile ranking to indicate your standing within your participating peer group.
    • Recommendation candidates with guided setup to help improve KPI performance.
    • Product category-based roles to limit data access.
    • Integration with Performance Analytics for daily data collection and drill-down on KPI data.
    Figure 1. Benchmarks dashboard
    Benchmarks dashboard

    Benchmarks benefits

    Table 1. Benefits
    Benefit Description
    Global anonymity Viewers in your organization have access benchmarks for your organization, however the global benchmarks are anonymous, and don’t include any company information.
    Industry comparison
    Using the Compare with drop-down in the Benchmarks dashboard, you can filter the benchmarks results by industry, ServiceNow user size, or geographical region to make the results more relevant to your organization.
    • Industry is determined based on the standard industry code in the account record for the company.
    • Number of users is determined by the number of ServiceNow active users within the company, so you can compare your company to similar-sized ServiceNow implementations to gain insight about your company.
    • Region is determined based on the Region field in the company table.
    If a filter category includes fewer than 20 participants, the corresponding data is shown in the Other category.
    Trends You can see the results of all published KPIs as well as the previous six months of history.

    You can then use the trend data to measure and report on service delivery progress over a period of time to determine what is working well and what needs improvement.

    Recommendations Data is analyzed and recommendation candidates are provided to help improve the performance of your KPIs.

    All recommendations are dynamic and are updated monthly, based on data from the previous month.

    Reports

    Benchmarks reports get refreshed monthly, which can be downloaded in PDF format. An email notification is sent to the customer when new data is available.