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. Because we don't understand the uniqueness, we fall back on profoundly sub-optimal old world metrics like Reach or Online GRP equivalents. Metrics are a problem.

Advertising 165

Advertising ROI Metrics Marketing 165

Smart Data Collective

DECEMBER 9, 2021

Identify and establish key performance indicators (KPIs) that will be monitored closely. Test one variable at a time and determine its performance. Focus should be kept on KPIs as the primary metric that changes when the test variable is manipulated. Iterations.

Big Data 128

Big Data Data-driven Key Performance Indicator Testing 128

Occam's Razor

MARCH 8, 2010

Like good little Reporting Squirrels we collect and stack metrics as if preparing for an imminent ice age. The key to true glory is making the right choices. In this case its making right choices about the web metrics we knight and sent to the battle to come back with insights for our beloved corporation to monetize.

Metrics 117

Metrics Testing Key Performance Indicator KPI 117

datapine

AUGUST 28, 2019

Stories inspire, engage, and have the unique ability to transform statistical information into a compelling narrative that can significantly enhance business success. a) Turn metrics into actionable concepts. As we’ve explored, knowing how to tell a story with data will empower you to turn metrics into actionable concepts or insights.

KPI 193

KPI Visualization Dashboards Data-driven 193

FineReport

DECEMBER 9, 2021

Look at your data source and divide all content into three categories: Tracked indicators: data that you will follow regularly but will not be used as performance measures. Untracked metrics: data you will not track. KPI (Key Performance Indicator)-the indicator you will use to measure performance.

Strategy 98

Strategy Business Intelligence KPI Key Performance Indicator 98

datapine

MARCH 31, 2022

According to the US Bureau of Labor Statistics, demand for qualified business intelligence analysts and managers is expected to soar to 14% by 2026, with the overall need for data professionals to climb to 28% by the same year. The Bureau of Labor Statistics also states that in 2015, the annual median salary for BI analysts was $81,320.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

IBM Big Data Hub

JULY 6, 2023

Areas making up the data science field include mining, statistics, data analytics, data modeling, machine learning modeling and programming. Ultimately, data science is used in defining new business problems that machine learning techniques and statistical analysis can then help solve.

Machine Learning 60

Machine Learning Data Science Statistics Deep Learning 60

datapine

NOVEMBER 5, 2019

The Link Between Data And Business Performance. In today’s information-rich age, there is a tangible link between online data analysis and business performance. It helps to easily spot the overall performance of product lines and adjust the quality, development of new products, and evaluating existing ones. click to enlarge**.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

datapine

FEBRUARY 9, 2024

4) How to Select Your KPIs 5) Avoid These KPI Mistakes 6) How To Choose A KPI Management Solution 7) KPI Management Examples Fact: 100% of statistics strategically placed at the top of blog posts are a direct result of people studying the dynamics of Key Performance Indicators, or KPIs. What Is KPI Management?

KPI 221

KPI Management Key Performance Indicator Measurement 221

Occam's Razor

MARCH 23, 2021

Underpinning our Smart Lessons work is the very basic – incredibly complex – art of picking the right Key Performance Indicator. The benchmark for the beautiful metric AVOC is 15.3%. Now repeat this across many, many metrics, for many dimensions, in the three clusters you see above. Here’s an example.

Analytics 131

Analytics Scorecard Strategy Testing 131

FineReport

AUGUST 17, 2021

In general, digital dashboard integrates all key performance indicators and data into the dashboard of the same business area, so as to visually display the current status and historical trends of the company, and further assist the company’s decision-making. Digital dashboard: definition & benefits. Definition.

Dashboards 52

Dashboards Cost-Benefit Key Performance Indicator Sales 52

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. Business dashboards are the digital age tools for big data.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Occam's Razor

AUGUST 22, 2011

" ~ Web Metrics: "What is a KPI? " + Standard Metrics Revisited Series. "Engagement" Is Not A Metric, It's An Excuse. Defining a "Master Metric", + a Framework to Gain a Competitive Advantage in Web Analytics. Overview & Importance of Qualitative Metrics. How to focus?"

KPI 124

KPI Metrics Measurement ROI 124

FineReport

DECEMBER 29, 2021

Metrics dashboards enable you and your team to track the effectiveness of various tactics, campaigns, and processes. These KPI metrics are critical data to analyze and evaluate a company’s sales, human resources, and marketing, and operational activities. Dashboard metrics from FineReport. What is dashboard metrics.

KPI 52

KPI Metrics Dashboards Key Performance Indicator 52

datapine

MARCH 25, 2019

Data analysis method focuses on strategic approaches to taking raw data, mining for insights that are relevant to the business’s primary goals, and drilling down into this information to transform metrics, facts, and figures into initiatives that benefit improvement. Conduct statistical analysis. Omit useless data.

Key Performance Indicator 217

Key Performance Indicator Statistics Visualization Big Data 217

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. These three statements are data rich and full of financial metrics. The Fundamental Finance KPIs and Metrics – Cash Flow. What is a Financial KPI?

Metrics 98

Metrics Finance Reporting KPI 98

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. Total Likes!

Metrics 147

Metrics Dashboards Key Performance Indicator B2B 147

Occam's Razor

OCTOBER 31, 2011

It artificially inflates the importance of a change in the metric might not be all that important. In this case for my data it is not statistically significant (more on that later in this post), but there is no way you would know that (or not know that) just from the data in front of you. Statistical Significance is Your BFF.

Statistics 130

Statistics Testing Reporting Key Performance Indicator 130

datapine

DECEMBER 17, 2019

The purpose is not to track every statistic possible, as you risk being drowned in data and losing focus. Improved decision-making: The intuitive visual nature of digital reports fosters swifter, more informed decision-making across all key aspects of your IT department. What kind of metrics matter to my audience?

Reporting 173

Reporting IT Key Performance Indicator Dashboards 173

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. Performance Evaluation. Customer service analytics assist you in tracking and comparing key performance indicators (KPIs) to service level agreements (SLAs).

Customer Analytics 118

Customer Analytics Analytics Key Performance Indicator Big Data 118

datapine

MAY 27, 2020

While analytical reporting is based on statistics, historical data and can deliver a predictive analysis of a specific issue, its usage is also spread in analyzing current data in a wide range of industries. For example, a hospital has seen in their report that the average waiting time can be reduced by conducting specific actions.

Reporting 245

Reporting Analytics Dashboards Sales 245

Occam's Razor

MARCH 7, 2022

In posts about advanced segmentation , in posts about how to build strategic dashboards that don’t suck , in encouraging you to reimagine how you pick metrics to obsess about using the magnificent Impact Matrix , and on and on and on. Premium subscribers see: TMAI #298: Smart Statistical Significance Reporting. ]. Go for insights!

Key Performance Indicator 101

Key Performance Indicator Strategy Marketing Publishing 101

FineReport

JUNE 26, 2023

A performance report serves as a valuable instrument for businesses, providing a digital compilation of analysis, projections, revenue, and budget to provide an overview of their performance. Production Performance Report The Production Performance Report is a comprehensive analysis of the production activities within a company.

Reporting 52

Reporting Key Performance Indicator Sales Visualization 52

FineReport

APRIL 24, 2024

This simplification allows stakeholders to grasp the underlying patterns and trends within the data without getting lost in the complexity of raw numbers and statistics. Through interactive dashboards , charts, and graphs, stakeholders gain access to comprehensive views of key performance indicators, trends, and correlations within the data.

Visualization 52

Visualization Dashboards Interactive Key Performance Indicator 52

Occam's Razor

OCTOBER 24, 2016

Step 1: Optimal Metrics. It lays out an evolutionary path for the key performance indicators you should use to drive digital sophistication inside your company. You'll find it here: Digital Metrics Ladder of Awesomeness. Step 1: Optimal Metrics. Tough metrics. Smart metrics.

Metrics 146

Metrics Marketing Optimization Modeling 146

datapine

FEBRUARY 23, 2023

2) Charts And Graphs Categories 3) 20 Different Types Of Graphs And Charts 4) How To Choose The Right Chart Type Data and statistics are all around us. That said, there is still a lack of charting literacy due to the wide range of visuals available to us and the misuse of statistics. Table of Contents 1) What Are Graphs And Charts?

Visualization 177

Visualization Dashboards Sales Measurement 177

CIO Business Intelligence

JANUARY 26, 2023

The tool is now part of a larger system that watches clusters in public clouds or running locally to ensure they are performing correctly. Tracking costs is just one small part of a system that is constantly gathering statistics and watching for anomalies.

Management 116

Management Forecasting Dashboards Optimization 116

datapine

MAY 16, 2019

A sobering statistic if ever we saw one. By working with relevant key performance indicators (KPIs) and data dashboards , you’ll be able to track, monitor, and measure your most valuable business insights in a way that is clear, concise, and digestible, pulling from past, present, and predictive data.

Analytics 163

Analytics Predictive Analytics Advertising Dashboards 163

Occam's Razor

SEPTEMBER 21, 2015

conversion rate (it might not be statistically significant!). There are many standard data presentation strategies you should use all the time. Don't make the difference between 1.4% conversion rate seem extraordinarily bigger than 2.4% Representing things proportionally is one that you should try and follow as much as you can.

Visualization 160

Visualization Key Performance Indicator Slice and Dice Strategy 160

datapine

MAY 2, 2019

Data-driven storytelling is a powerful force as it takes stats and metrics and puts them into context through a narrative that everyone inside or outside of the organization can understand. The metrics are different and useful independently, but together, they tell a compelling story. Bar graphs. How do you want to show your KPIs?

Visualization 173

Visualization Dashboards Sales KPI 173

InsightOut

OCTOBER 15, 2021

The power to access, analyze and present data sets from complex statistical programs lay only within their restricted reach. A failure to engage external stakeholders and provide them with timely business metrics may hamper their decision-making and hurt the businessxe2x80x99s bottom lines.

Dashboards 52

Dashboards Key Performance Indicator Digital Transformation Metrics 52

FineReport

APRIL 3, 2024

Key Features of BI Dashboards: Customizable interface Interactivity Real-time data accessibility Web browser compatibility Predefined templates Collaborative sharing capabilities BI Dashboards vs. BI Reports: While both dashboards and reports are pivotal in business intelligence, they serve distinct purposes.

Dashboards 52

Dashboards Visualization Metrics Interactive 52

datapine

MAY 17, 2021

Without a doubt, the best way to drive maximum value from the metrics, insights, and information is through something called data discovery. First of all, you can track your business performance thanks to specific metrics – Key Performance Indicators – and get all the insight that your data has to offer.

Visualization 161

Visualization Data-driven Business Intelligence Metrics 161

Smarten

DECEMBER 3, 2023

You may wish to look for a solution that incorporates traditional BI with key performance indicators (KPIs) and flexible reporting and augmented analytics with AI, low-code and no-code technologies.’ If you are not already familiar with the term, ‘Citizen Data Scientist,’ you might want a definition of that term as well.

Key Performance Indicator 52

Key Performance Indicator Analytics IT Predictive Analytics 52

datapine

NOVEMBER 27, 2019

That’s why it is of utmost importance to start with utilizing the right key performance indicators – there are numerous KPI examples that can make or break the quality process of data management. However, businesses today want to go further and predictive analytics is another trend to be closely monitored.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

datapine

APRIL 16, 2019

While sometimes it’s okay to follow your instincts, the vast majority of your business-based decisions should be backed by metrics, facts, or figures related to your aims, goals, or initiatives that can ensure a stable backbone to your management reports and business operations. Quantitative data analysis focuses on numbers and statistics.

Data-driven 287

Data-driven Dashboards Visualization Cost-Benefit 287

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