Listen "Defining Key Performance Indicators (KPIs)"
Episode Synopsis
Full Blog Post: https://jamesbachini.com/key-performance-indicators/
KPI’s or key performance indicators are business metrics which are set, collected and reviewed to give insights into the success of an organisation..
They are defined by analysing the companies objectives and deciding what quantifiable factors are most important.
A great KPI should be SMART:
Specific
Measurable
Attainable
Relevant
Timed
This is usually quoted for personal goals but it works well for KPI’s too. Smart targets make the KPI’s actionable and accountable.
The KPI’s should be reviewed regularly and this should be agreed while defining them.
Here are 34 examples of common KPI’s which have been broken down into:
Financial KPI Metrics
Customer KPI Metrics
Organisation KPI Metrics
And Marketing KPI Metrics
A KPI dashboard is usually a simple web page which presents all the KPI data.
This can be setup using a backend data collection script which can integrate with common platforms such as:
Google Analytics
Accounting systems
Google Docs
Enterprise and cloud datastores
From there a responsive, minimalist front-end can provide authentication and display live KPI metrics to stakeholders.
Defining key performance metrics encourages a company to focus on the most important aspects of the business.
More episodes of the podcast The James Bachini Podcast
Why Bitcoin Traded Over $100k
05/12/2024
Beyond the Algorithm - The Quest for AGI
24/10/2024
Soroban Introduction
27/09/2024
When will the dip stop dipping?
13/05/2024
Web3 Session Keys
20/11/2023
OpenZeppelin v5 Released | Breaking Changes
06/10/2023
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.