KPI

In previous articles we wrote about KPI reports and why you need them(link), and about defining high quality KPIs. Today we are going to talk about tools for analyzing and monitoring KPIs.

As you already know, in business world today, decisions are made on big amounts of data. That is why it's crucial that you can have fast access to right data and make good decisions. This basically means that having the real-time information can make the difference between success and failure. 

This article covers basics on KPIs, what are they and why we need them.

Let's first define what is KPI?

Shortly, KPI's or Key Performance Indicators are a set of performance statistics specific to your business.
They offer an overview about how you are performing against goals of your company.