There is no doubt that business intelligence and analytics should include key performance indicators (KPIs). Business intelligence tools must include KPI software and an intuitive KPI dashboard that is easy for business users to adopt and to use to monitor, manage and understand business metrics, actual vs. planned results and other data.
KPI analytics is important for every organization, no matter how small or large, no matter what industry or business market. Key performance indicator analytics provides metrics and measures for the business so that the enterprise can define success in an objective manner.
Everything today is about metrics and measurements. Your boss, my boss, every executive wants to see numbers, statistics, graphs and charts that show progress or analyze problems. Modern business intelligence includes tools to establish key performance indicators (KPIs) but, when you are looking at a solution, you need to consider whether the KPI analytics solution allows you to really analyze the issues, problems, opportunities and root causes, or if it simply provides a tool for static monitoring and some pretty graphs, gauges and charts.
Measuring Key Performance Indicators (KPIs) are important to every business, no matter how small or large. In the past, the process of identifying and measuring KPIs was daunting and it required the involvement of analysts and other experts. Today, BI tools and solutions provide multidimensional KPI analytics and feature tools that allow business users to leverage KPI Analytics without the assistance of IT staff or data scientists.
