Strategies For BI Dashboards To Create SMART KPI
We frequently see owners not understand their business. They fail to log departmental metrics throughout the year, leaving them with an idling company wondering where problems lie. KPIs measure your business's successes and failures. KPIs often called flash reports or dashboard Business Intelligence, give business owners and managers an overview of how their organization or particular departments perform. A KPI compares company goals to actual, quantifiable data over time. Not all KPIs measure business performance. Larger companies may have SMART KPI sets for each department or area. The term SMART KPI for businesses means that their Key Performance Indicators should: - Specific - Measurable - Attainable - Relevant - Time-Bound The manager who institutes the policy of using SMART KPI may describe them as 'SMARTER KPIs,' meaning that in addition to being SMART, the KPIs are also: a. Explainable (simple to explain to your colleagues) and b. Rela...