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Kpi dashboard12/16/2023 Since a KPI is a metric and a metric can be a ratio, we can have KPIs in the form of ratios. So we can have ‘ number KPIs’.Įxamples of number KPIs: ‘Days to purchase’, ‘visits to purchase’, ‘Revenue’ etc What are ratio KPIs? Since a KPI is a metric and a metric can be a number, we can have KPIs in the form of numbers. Yes I want the FREE ebook What are number KPIs? My Step-By-Step Blueprint (32 Pages) For Selecting The Best KPIs Get the FREE e-book on Key Performance Indicator – KPI (32 Pages) The following are examples of ratio metrics because they are in the form of ratios: The following are examples of number metrics because they are in the form of numbers: So we can have number metrics, and we can also have ratio metrics. What is a metric?Ī metric can be a number or a ratio. Any more than that, and you may lose track of the measurement. If it is not relevant to your business goals, it should not be considered a KPI.Īlways limit your business to having four to five KPIs. It helps us track the effectiveness of our campaigns.Īlways consider that your KPI should be relevant to your overall business goals and needs to be attainable. To make it simple, KPI is a quantifiable measure that will help us understand whether or not we are hitting our goal. What is a key performance indicator (KPI)?Ī key performance indicator (or KPI) is a metric that is one of the most important indicators of the current performance level of an individual, department and/or company in achieving goals.
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