KPIs That Go Beyond Static Monitoring To Get To The Heart of the Matter!
Everything today is about metrics and measurements. Your boss, my boss, every executive wants to see numbers, statistics, graphs and charts that show progress or analyze problems. Modern business intelligence includes tools to establish key performance indicators (KPIs) but, when you are looking at a solution, you need to consider whether the KPI analytics solution allows you to really analyze the issues, problems, opportunities and root causes, or if it simply provides a tool for static monitoring and some pretty graphs, gauges and charts.
A good KPI Tool should be off the shelf, and ready to use with dynamic breakdowns, trends and performance indicators, and everything you need to write a KPI expression and define its polarity and frequency without the assistance of a data scientist or IT professional. It’s all about self-serve BI software tools and a KPI software that is easy enough for every business users to adopt and use for decision-making, presentation, managing and monitoring and, most importantly, getting to the heart of the matter.
Metrics are great, but if you are going to make decisions based on results, you have to get to the root of an issue, and truly understand what is causing the problem, and what is engendering success so that you can change or enhance processes to improve results.
Wouldn’t it be nice to let your users define KPI with an easy to use, powerful expression engine and set polarity, frequency, and threshold levels using a browser based interface? Wouldn’t it be great to let business users establish and monitor KPIs at the individual, team, department, division and company level, so they could share information and everyone can be on the same page? Dynamic KPI analytics is not limited to static monitoring but rather provides interactive options to change frequencies, dimension break downs and drill down to further analyze trends, and identify the reasons for performance and poor results.
This kind of KPI Analytics can adapt and change to the needs of the user, the market and new management initiatives, corporate goals and other business changes.
It really isn’t that hard to find a tool that is this flexible and can be used by business users without the skill or knowledge of an IT professional or a data scientist. If you want to create this kind of an environment and enable real metrics and measurements within your organization, here’s where you can start. Key Performance Indicator AnalyticsShare