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How data and analytics can help businesses stay ahead in uncertain times

Data Insight

So, in the face of uncertainty, how should businesses be looking to use data to stay ahead? We’ve outlined the four key data-driven phases that businesses should be considering. Measure – how are things changing? Measuring enables you to predict how your business may continue to track in the future, based on the trends to date.

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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

First, you figure out what you want to improve; then you create an experiment; then you run the experiment; then you measure the results and decide what to do. So grab a piece of paper and write down three key business metrics you'd like to change. Measure and decide what to do. Measure performance.

Metrics 156
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AI Product Management After Deployment

O'Reilly on Data

In an incident management blog post , Atlassian defines SLOs as: “the individual promises you’re making to that customer… SLOs are what set customer expectations and tell IT and DevOps teams what goals they need to hit and measure themselves against. While useful, these constructs are not beyond criticism.

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How to Incorporate Long-Term Forecasts Into Your Tax Reporting Toolkit

Jet Global

How prepared are they, though, for the different sets of risks and opportunities associated with long-term uncertainties? For example, how well are they accounting for the long-term impacts of multiple government measures being introduced globally in response to recent crises, such as the COVID-19 pandemic? Preparing for uncertainty.

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20 Best Logistics KPIs and Metric Examples for 2022 Reporting

Jet Global

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.

Metrics 84
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Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty

Jet Global

As a result, measuring success by financials alone isn’t enough for construction and engineering professionals. Here, we discuss how key performance indicators (KPIs) can help construction companies flourish during difficult times. They’re tactical, showing the exact performance in an area of your business.

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Top 10 Supply Chain Management KPIs

Jet Global

More than ever before, business leaders recognize that top-performing organizations are driven by data. Management gurus have long been advocates of measuring, monitoring, and reporting on the numbers that matter most. On-time shipment measures (as the name would suggest) the percentage of orders that were shipped on time.