Data visualization is an extremely effective way of highlighting and identifying outliers and trends. Data discovery is easy when dashboards are created to reveal new insights. But sometimes the dashboard designer focuses on aesthetics and creates something that doesn’t provide answers to our questions.
Don’t fall into the trap of picking your KPIs because they are the ones used by others or on someone’s Top 10 KPI list. KPIs need to be consistent with your particular needs and always driven by your unique business goals. Claiming that the top 10 KPIs would be the same for everyone, is like saying “these are the top 10 winning lottery numbers”. They will always be different.
This paper explores how to establish proper Key Performance Indicators (KPIs) and the relationship those numbers must have with corporate goals. Implement these ideas for better business insights and performance measurement.
Dashboards have become strategic tools for delivering decision making information. And ideally, those dashboards are automatically updated to reflect daily, weekly or monthly trends. Furthermore, much of the information should be KPI based. If properly constructed, the KPIs should immediately inform how things are trending and what action is needed. To properly deliver on these […]
Most companies struggle to define actionable KPIs that deliver value. This webinar will help you change that!
We’ll teach you a methodology to create KPIs that are actionable, require NO further interpretation and immediately tell you how you are doing.
Most companies struggle to define actionable KPIs that deliver value. This webinar will help you change that!
We’ll teach you a methodology to create KPIs that are actionable, require NO further interpretation and immediately tell you how you are doing.
Business users and organizations need the ability to quickly analyze their data to identify issues, causes, and opportunities for improvement. Once these analyses are identified, they need to be frequently monitored and distributed to others.
With traditional business intelligence (BI), creating and maintaining effective analyses can take months to define and develop, and require expensive resources to maintain. And by the time they are created, the business situation will have likely evolved, potentially doing harm to the business and its customers.
“Just find me something interesting about our data” is a request we often get. At which time, a smart data analyst should cringe. Collected data needs to be mined and evaluated before it will offer any value. And questions need to be properly framed to extract the right answers. Data is being collected in multiple […]
Gartner, one of the world’s most influential Information Technology analysts, has published new reports about the costs of business intelligence platforms for 25 leading suppliers. Gartner compared vendors on cost elements such as average implementation, license and hardware. Key Findings • Implementation costs can range from as much as 100% of the initial license costs […]
The assumption is that the Big Data is usable, but often it isn’t. Many collection systems are installed with little regard for what the business drivers are and so may not be gathering the necessary information for sound business decisions. Data collected may be incomplete or just plain wrong.
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