Occam's Razor

SEPTEMBER 24, 2012

FBe's recommendation was (paraphrasing a 35 min talk): Don't invent new metrics, use online versions of Reach and GRPs to measure success. Based on results of value identified for Facebook, optimize their advertising mix strategy for future product launches. I don't think it is simply a metrics/measurement problem.

Advertising 165

Advertising ROI Metrics Marketing 165

datapine

MARCH 11, 2020

But, while data offers us invaluable insight in more ways than one, with so much to analyze and such little time, it’s becoming increasingly difficult to understand which metrics offer real value. For example, if anything runs out of stock, you can immediately spot which merchandise needs to re-stock and maintain your top performance.

Business Intelligence 165

Business Intelligence Analytics Dashboards Visualization 165

AWS Big Data

FEBRUARY 1, 2024

The calculation methodology and query performance metrics are similar to those of the preceding chart. The query to generate this chart has similar performance metrics as the preceding chart. Alket Memushaj works as a Principal Architect in the Financial Services Market Development team at AWS.

Data Warehouse 126

Data Warehouse Dashboards Risk Management Risk 126

IBM Big Data Hub

FEBRUARY 23, 2024

ML and DL lie at the core of predictive analytics, enabling models to learn from data, identify patterns and make predictions about future events. This data can be used to better understand customer preferences and tailor marketing strategies accordingly. It aids businesses in gathering and analyzing data to inform strategic decisions.

Enterprise 107

Enterprise Interactive Data-driven Key Performance Indicator 107

Occam's Razor

AUGUST 9, 2021

Almost all metrics you currently use have one common thread: They are almost all backward-looking. If you want to deepen the influence of data in your organization – and your personal influence – 30% of your analytics efforts should be centered around the use of forward-looking metrics. Predictive metrics!

Metrics 142

Metrics Analytics Key Performance Indicator Predictive Modeling 142

Occam's Razor

MAY 2, 2017

People ask me this seemingly simple question all the time: What Key Performance Indicators should we use for our business ? I usually ask them back: What are you trying to get done with your digital strategies ? There is no golden metric for everyone, we are all unique snowflakes! :). If you want to play along.

Metrics 141

Metrics Key Performance Indicator B2B Measurement 141

Occam's Razor

SEPTEMBER 15, 2011

Executives play a key role in this step. Step three is to write down the key performance indicators. Based on those discussions, in our case, we’ve identified three objectives: Create awareness, generate leads for the builders and highlight community events. Step 3: Identify the Key Performance Indicators.

Measurement 166

Measurement Marketing Modeling Key Performance Indicator 166

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). As a result, outcome-based metrics should be your guide.

Measurement 138

Measurement Digital Transformation KPI Metrics 138

datapine

JANUARY 6, 2022

Capable of displaying key performance indicators (KPIs) for both quantitative and qualitative data analyses, they are ideal for making the fast-paced and data-driven market decisions that push today’s industry leaders to sustainable success. This helps businesses to develop responsive, practical business strategies.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Occam's Razor

AUGUST 11, 2014

Each shows a unique facet of digital performance, and I've attempted to choose the best dimensions and, for those dimensions, the best possible metrics. I've done the hard work on your behalf to pick the dimensions and critical few metrics that will illuminate your complete business performance.

Metrics 147

Metrics Dashboards Key Performance Indicator B2B 147

Smart Data Collective

MARCH 11, 2022

Customer service analytics is a process that involves gathering and evaluating all data and metrics produced by a company’s or organization’s customer care department. Customer service analytics is necessary for businesses that want to assess the level of help provided to customers and other key stakeholders.

Customer Analytics 117

Customer Analytics Analytics Key Performance Indicator Big Data 117

FineReport

MAY 25, 2023

An HR dashboard functions as an advanced analytics tool that utilizes interactive data visualizations to present crucial HR metrics. Its primary objective is to enhance the HR department’s recruitment processes, optimize workplace management, and improve overall employee performance. What is an HR Dashboard?

Dashboards 52

Dashboards Metrics Cost-Benefit Key Performance Indicator 52

Occam's Razor

DECEMBER 12, 2011

I am going to attempt to significantly simply your life by recommending the critical few metrics you should use to analyze performance of your digital marketing campaigns and website. Recommend metrics / KPIs you can use based on the size of your company. Best Metrics / KPIs for Small Business Websites. But not to worry.

Metrics 151

Metrics Key Performance Indicator Measurement Optimization 151

Occam's Razor

JANUARY 4, 2016

Not just insane, so visibly insane that everyone should see through it and fix their minds/reports/strategies. The specific metric I've been mad about since day one of this blog ( May 14th, 2006! ) Metrics create incentives, bad metrics create bad incentives. Combine Results / Metrics Performance. #5.

Metrics 88

Metrics Analytics Cost-Benefit Key Performance Indicator 88

datapine

OCTOBER 21, 2020

Health professionals, just like business entrepreneurs, are capable of collecting massive amounts of data and look for the best strategies to use these numbers. Analytics, already trending as one of the business intelligence buzzwords in 2019, has the potential to become part of a new strategy. What are the obstacles to its adoption?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Occam's Razor

FEBRUARY 10, 2016

I can report on pageviews and bounce rates and sessions and all the other lovely metrics we normally obsess about. Now, all those other metrics suddenly have a purpose and context. "Micro-Outcome Goal": Key Events. "Destination Goal" (Leads, Email Signups, Etc.). How do you get this magical number?

Analytics 80

Analytics Metrics Key Performance Indicator Slice and Dice 80

IBM Big Data Hub

JULY 24, 2023

ITOA helps ITOps streamline their decision-making process by using technology to analyze large data sets and identify the right IT strategy. They both aid business intelligence by enabling organizations to resolve IT operations issues more quickly, inform triage strategies for future issues and assist in the deployment of new technologies.

IT 60

IT Analytics Cost-Benefit Predictive Analytics 60

Occam's Razor

JANUARY 30, 2012

When it comes to data analysis, you are usually more likely to see me share guidance on advanced segmentation or custom reports or advanced social metrics or controlled experiments or economic value or competitive intelligence or web analytics maturity or one of an infinite number of difficult, if hugely rewarding, things. " Boom!

Analytics 145

Analytics Dashboards Metrics Key Performance Indicator 145

datapine

APRIL 9, 2019

By leveraging HR KPIs (Key Performance Indicators), which are measurements that enable businesses to track very specific areas of human resources-related data, companies like yours can continuously and consistently improve their HR capabilities. Also, problems can be handled before they negatively affect the organization.

Reporting 155

Reporting Dashboards Metrics Cost-Benefit 155

Occam's Razor

JUNE 28, 2010

We have more web metrics and data than there are stars in the universe (slight exaggeration!). Wong is the award winning Commerce '77 Teaching Fellow in Marketing at Queen's School of Business (and an awesome speaker, you should hire him for your next event !). Margin times Volume gives you the golden metric Net Income !

Metrics 111

Metrics Key Performance Indicator Data-driven Marketing 111

datapine

JANUARY 31, 2022

Chantrelle Nielsen director of research and strategy for Workplace analytics said: “companies must take these metrics and direct them thoughtfully towards the design of office spaces that maximize face time over just screen time.” A great way to illustrate the operational benefits of business intelligence.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

AWS Big Data

AUGUST 14, 2023

This is due to a common misconception about data mesh as a data strategy, which is that it is effectively self-organizing—meaning that once presented with the opportunity, data owners within the organization will spring to the responsibilities and obligations associated with publishing high-quality data products.

Management 79

Management Risk Measurement Optimization 79

datapine

NOVEMBER 27, 2019

In 2020, BI tools and strategies will become increasingly customized. Accordingly, the rise of master data management is becoming a key priority in the business intelligence strategy of a company. That way, any unexpected event will be immediately registered and the system will notify the user.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Jet Global

NOVEMBER 16, 2021

A logistics key performance indicator (KPI) is a quantitative tool used by businesses to measure performance within their logistics department. Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. Download Now.

Metrics 84

Metrics Reporting Key Performance Indicator KPI 84

Jet Global

MARCH 24, 2024

A non-profit key performance indicator (KPI) is a numerical measurement that gauges the ability of a non-profit organization in accomplishing its mission. Non-profit metrics quantify the organization’s many endeavors in extending its impact on society. How to choose the right non-profit metrics? What is a kpi?

Metrics 52

Metrics Reporting KPI Measurement 52

Occam's Razor

MARCH 7, 2016

Why evolve the strategy now? Some recent events made me wonder what the best strategy for a business is. And then, as Google evolves its strategy from it's own point of view, one result was a tweak to it's algorithm. I'm creating a strategy to diversify both platforms and audience relationship quality.

Marketing Analytics 86

Marketing Analytics Marketing Analytics KPI 86

Alation

MAY 2, 2023

Data analytics can also help businesses track and measure key performance metrics, such as revenue per available room (RevPAR), customer satisfaction, and loyalty. The platform analyzes data from a variety of sources, including customer preferences, travel patterns, and local events.

Data Analytics 52

Data Analytics Analytics ROI Data Governance 52

Jet Global

JUNE 24, 2021

A non-profit key performance indicator (KPI) is a numerical measurement that gauges the ability of a non-profit organization in accomplishing its mission. Non-profit metrics quantify the organization’s many endeavours in extending its impact on society. How to choose the right non-profit metrics?

Metrics 98

Metrics Reporting KPI Measurement 98

Jet Global

JUNE 24, 2023

A non-profit key performance indicator (KPI) is a numerical measurement that gauges the ability of a non-profit organization in accomplishing its mission. Non-profit metrics quantify the organization’s many endeavours in extending its impact on society. How to choose the right non-profit metrics?

Metrics 52

Metrics Reporting KPI Measurement 52

Jet Global

JUNE 30, 2021

A chief executive officer (CEO) key performance indicator (KPI) or metric is a relative performance measure that a CEO will use to make informed decisions. This CEO metric checks to see if a company can cover its current liabilities using its current assets. What is a CEO KPI?

Metrics 106

Metrics KPI Dashboards Advertising 106

Jet Global

NOVEMBER 2, 2021

A supply chain key performance indicator (KPI) is a quantitative measure that evaluates the effectiveness and performance of a company’s supply chain. KPIs are a select few metrics that provide insight on the operation of all entities contributing to the supply chain. Measurable: Is your metric quantifiable?

Metrics 52

Metrics Reporting KPI Key Performance Indicator 52

Alation

MAY 2, 2023

Data analytics can also help businesses track and measure key performance metrics, such as revenue per available room (RevPAR), customer satisfaction, and loyalty. The platform analyzes data from a variety of sources, including customer preferences, travel patterns, and local events.

Data Analytics 40

Data Analytics Analytics ROI Data Governance 40

Alation

JULY 12, 2022

This means that you don’t have to worry about business interruption from a weather event causing a power outage or a physical machine dying. Establish Cloud Migration KPIs (Key Performance Indicators). Every project needs to have metrics that help you understand whether you’re progressing as expected and on budget.

Cost-Benefit 52

Cost-Benefit Data Warehouse Key Performance Indicator Testing 52

Jet Global

NOVEMBER 15, 2021

A Tax Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an organization, or business, uses to measure the success of its Tax Function over time. Since every organization has its own manner of operation, the KPIs or metrics used for tax will vary from one organization to another.

Metrics 52

Metrics Reporting KPI Risk Management 52

Jet Global

MARCH 23, 2024

What is a key performance indicator? A government key performance indicator (KPI) is a quantifiable measure that the public sector uses to evaluate its performance. The constituents cannot hold their government responsible without having access to periodic reporting on key performance metrics.

Reporting 52

Reporting KPI Metrics Measurement 52

Jet Global

JUNE 16, 2021

An operational key performance indicator (KPI) or metric is a measure that a company uses to evaluate its performance. By monitoring operational metrics, a company is able to identify growth opportunities and build on its strengths. What is a COO KPI? Breaking Down the COO Role. Download Now.

Metrics 52

Metrics KPI Measurement Recreation/Entertainment 52

Jet Global

JUNE 25, 2021

A government key performance indicator (KPI) is a quantifiable measure that the public sector uses to evaluate its performance. Government KPIs function like KPIs used by for-profit businesses — they demonstrate the organization’s overall performance and its accountability to its stakeholders.

Reporting 104

Reporting KPI Metrics Measurement 104