Occam's Razor

FEBRUARY 6, 2018

KPI : A key performance indicator (KPI) is a metric most closely tied to overall business success. Focus your dashboards only on the KPIs where performance for that time period is three standard deviations away from the mean. A small statistics detour. Focus only on KPIs, eliminate metrics. As is Impressions.

Strategy 263

Strategy Metrics KPI Dashboards 263

Occam's Razor

AUGUST 22, 2011

The Awesome Power of Visualization 2 -> Death and Taxes 2007. Tip #9: Leverage Statistical Control Limits. Tip#1: Statistical Significance. Six Web Metrics / Key Performance Indicators To Die For. Web Analytics Career Advice: Statistics, Business, IT & Mushrooms. Web Analytics Demystified.

KPI 124

KPI Metrics Measurement ROI 124

Occam's Razor

APRIL 8, 2013

Remember that the raw number is not the only important part, we would also measure statistical significance. Circle of Friends was a social community built atop Facebook that launched in 2007. The result? The properties with professional photography had 2-3 times the number of bookings! The graph is impressive, right?

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

Grooper

AUGUST 19, 2019

Key Language of Applied Analytics. The vocabulary of applied analytics includes words and concepts such as: Key performance indicators (KPIs). Primary keys. Technology – i.e. data mining, predictive analytics, and statistics. Master data management. Data governance. Scoring – i.e. profitability or risk.

Analytics 54

Analytics Machine Learning Data-driven Data Science 54