Business Intelligence Kpi Definition

Every company has key performance indicators kpis they use to run their business.

Business intelligence kpi definition. Yet the first hurdle every data analyst faces is the initial struggle to choose and agree on company kpis kpi tracking. Organizations use kpis at multiple levels to evaluate their success at reaching targets. An effective kpi must answer a concrete question to support effective decisions.

What is a kpi. This development effectively allows non expert users to leverage business intelligence like a pro analyst. In the hands of keen operators such tools help companies drive efficiency increase revenues and meet their kpis among other benefits of business intelligence.

The good news is that in the business intelligence world measuring performance can be especially precise quick and easy. A business intelligence dashboard or bi dashboard is a data visualization and analysis tool that displays on one screen the status of key performance indicators kpis and other important business metrics and data points for an organization department team or process. Increasingly kpi results are presented to executives on business intelligence dashboards or performance scorecards that often include charts and other data visualizations with the ability to.

Kpis are often confused with business metrics. To help you further maximize your use of kpis we highly recommend you take a look at our compilation of business intelligence statistics. The operative word in kpi is key because every kpi should related to a specific business outcome with a performance measure.

Through the use of data visualizations dashboards simplify complex data sets to provide users with at a glance awareness of current performance. With more powerful business intelligence solutions come smarter dashboards that present data in easy to understand visualizations. Achievable the more realistic a kpi is the more likely you are to achieve it.

Low level kpis focus on processes in departments such as sales marketing or a call. This should give you a better idea of how other companies are. Most companies encounter difficulties in the generation of these kpis and the analysis of the data that makes up the kpi.