Multidimensional KPIs that are Easy to Use and Produce Consistent Results!
Measuring Key Performance Indicators (KPIs) are important to every business, no matter how small or large. In the past, the process of identifying and measuring KPIs was daunting and it required the involvement of analysts and other experts. Today, BI tools and solutions provide multidimensional KPI analytics and feature tools that allow business users to leverage KPI Analytics without the assistance of IT staff or data scientists.
Once the organization establishes appropriate KPIs, it can cascade operational and strategic KPIs to the staff and thereby allow the entire team to work toward common goals and to see how each person’s department, role and team affect outcomes. Team members can also monitor metrics to understand how the day-to-day activities are helping to achieve goals and to further explore options to address issues and capitalize on opportunities.
KPI software and KPI dashboards should be part of every team member’s toolkit. The right KPI tool allows users to define KPIs with an easy to use, powerful expression engine and set polarity, frequency, and threshold levels using a browser based interface. Users can establish and monitor KPIs at the individual, team, department, division and company level. Defined KPIs are not limited itself to static monitoring. KPI Analytics provide interactive options to change frequencies, dimension breakdowns and drill down to further analyze trends, and reasons for performance and non performance.
If you are looking for out-of-the-box KPI functionality that will ensure swift user adoption, you can find the solution here: Multidimensional KPI
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