article thumbnail

Misled by metrics: 7 KPI mistakes IT leaders make

CIO Business Intelligence

Mark Twain famously remarked that there are three kinds of lies: lies, damned lies, and statistics. Today, many CIOs feel the same way about metrics. Metrics are only as good as their source. Therefore, CIOs must be cautious about taking metrics at face value [and] leaders need to understand the data behind the metrics.”.

Metrics 131
article thumbnail

A Complete Guide To Finding The Product Metrics That Matter

datapine

1) What Are Product Metrics? 2) Types Of Product Metrics. 3) Product Metrics Examples You Can Use. 4) Product Metrics Framework. The right product performance metrics will give you invaluable insights into its health, strength and weaknesses, potential issues or bottlenecks, and let you improve it greatly.

Metrics 141
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is data visualization? Presenting data for decision-making

CIO Business Intelligence

Data visualization is the presentation of data in a graphical format such as a plot, graph, or map to make it easier for decision makers to see and understand trends, outliers, and patterns in data. Presenting data in visual form can make it easier to comprehend, enable people to obtain insights more quickly.

article thumbnail

The Ultimate Guide to Modern Data Quality Management (DQM) For An Effective Data Quality Control Driven by The Right Metrics

datapine

6) Data Quality Metrics Examples. Reporting being part of an effective DQM, we will also go through some data quality metrics examples you can use to assess your efforts in the matter. It involves: Reviewing data in detail Comparing and contrasting the data to its own metadata Running statistical models Data quality reports.

article thumbnail

Remove Your Rose Tinted Glasses: Data Visualizations Designed to Mislead

datapine

From political issues to sports statistics and the recent report you received on the ROI of your company blog, the internet as well as informational reports are flooded with examples of misleading data visualization. But, by knowing what to look for, you can avoid connecting with metrics that will lead your organization down the wrong path.

article thumbnail

Top 35+ Finance KPIs and Metric Examples for 2020 Reporting

Jet Global

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. Under modern day reporting standards, companies are formally obligated to present their financial data in the following statements: balance sheet, income statement, and cash flow statement.

Metrics 98
article thumbnail

Uncertainties: Statistical, Representational, Interventional

The Unofficial Google Data Science Blog

Some of that uncertainty is the result of statistical inference, i.e., using a finite sample of observations for estimation. But there are other kinds of uncertainty, at least as important, that are not statistical in nature. Among these, only statistical uncertainty has formal recognition. Vignette: Data Science at fluff.ai