Occam's Razor

SEPTEMBER 15, 2011

Winners, well before they think data or tool, have a well structured Digital Marketing & Measurement Model. This article guides you in understanding the value of the Digital Marketing & Measurement Model (notice the repeated emphasis on Marketing, not just Measurement), and how to create one for yourself. Acquisition.

Measurement 166

Measurement Marketing Modeling Key Performance Indicator 166

Occam's Razor

MAY 19, 2014

But the problem is that single golden metrics hide valuable insights and, more often than not, drive bad behavior. Here's my proposal: If you are pushed to have a single golden metric, give it a partner. The key is the immediately adjacent part. The BFF metric you find should not be one that is very far away.

Metrics 160

Metrics Key Performance Indicator Analytics Marketing 160

Occam's Razor

JULY 22, 2013

Most of the frameworks we have also don't optimally capture the complexity of digital marketing and measurement. We (oh how I hate this) apply irrational and "narrow-view" measurement strategies toward understanding what is successful and what's not. The See – Think – Do Framework: Measurement Strategy.

Measurement 164

Measurement Marketing Key Performance Indicator Metrics 164

Occam's Razor

APRIL 19, 2010

"What is the difference between a metric and a key performance indicator (KPI)?" " "Are goals metrics?" There seems to be genuine confusion about the simplest, most foundational, parts of web metrics / analytics. Key Performance Indicators. " And many more.

Metrics 140

Metrics Key Performance Indicator KPI Analytics 140

Occam's Razor

OCTOBER 10, 2011

I am going to break one of my unspoken cardinal rules: Only write about real problems and measurement that is actually possible in the real world. I am going to define a way for you to think about measuring social media, and you can't actually easily measure what I am going to recommend. So why not measure that?

Metrics 166

Metrics Measurement Advertising Key Performance Indicator 166

Occam's Razor

MARCH 25, 2014

In a world of infinite choice, the ability to pick critical few metrics to focus on is, well…, critical. I recently had an opportunity to recommend to a group of CEOs everything they should measure for everything they should do with digital. Best Digital Metrics: Own Existences/Strategies. this is a non-trivial challenge.

Metrics 157

Metrics Marketing Strategy Key Performance Indicator 157

Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

Metrics 157

Metrics KPI Analytics Key Performance Indicator 157

Occam's Razor

DECEMBER 12, 2011

I am going to attempt to significantly simply your life by recommending the critical few metrics you should use to analyze performance of your digital marketing campaigns and website. Recommend metrics / KPIs you can use based on the size of your company. Best Metrics / KPIs for Small Business Websites. But not to worry.

Metrics 153

Metrics Key Performance Indicator Measurement Optimization 153

Occam's Razor

SEPTEMBER 24, 2012

A Facebook employee (FBe) gave a talk about measuring ROI/Value of Facebook campaigns. FBe's recommendation was (paraphrasing a 35 min talk): Don't invent new metrics, use online versions of Reach and GRPs to measure success. Why is it so hard to measure the value of Facebook? Metrics are a problem.

Advertising 165

Advertising ROI Metrics Marketing 165

datapine

APRIL 2, 2020

Whatever your niche or industry, working with dynamic key performance indicators (KPIs) will empower you to track and improve your performance in a number of key areas, accelerating your commercial success in the process. But first, let’s ask ourselves the question, ‘ What is KPI tracking?’. What Is KPI Tracking?

KPI 195

KPI Key Performance Indicator Software Dashboards 195

Occam's Razor

MAY 2, 2017

People ask me this seemingly simple question all the time: What Key Performance Indicators should we use for our business ? There is no golden metric for everyone, we are all unique snowflakes! :). and tell you what are the best key performance indicators (metrics) for them.

Metrics 143

Metrics Key Performance Indicator B2B Measurement 143

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

Occam's Razor

JULY 18, 2011

You just have to have the right mental model (see Seth Godin above) and you have to… wait for it… wait for it… measure everything you do! You must use metrics that are unique to the medium. Ready for the best email marketing campaign metrics? So for our email campaign analysis let’s look at metrics using that framework.

Metrics 138

Metrics Marketing Measurement Cost-Benefit 138

Occam's Razor

JUNE 10, 2013

I wish we did not have this desire to pulpify a bunch of metrics to produce something recognizable. Here's a summary of our journey in this delightful post… ~ What are Compound Metrics? ~ The Challenge with Compound Metrics: Social Media Edition. Let's go… What are Compound Metrics?

Metrics 142

Metrics Analytics Key Performance Indicator Measurement 142

Jet Global

JANUARY 8, 2021

An Operations Key Performance Indicator (KPI) or metric is a discrete measurement that a company uses to monitor and evaluate the efficiency of its day-to-day operations. Why Your Company Should Be Using Operational Metrics to Stay Competitive. If they aren’t, it won’t be a business for very long.

Metrics 131

Metrics Manufacturing Reporting KPI 131

Occam's Razor

AUGUST 11, 2014

Each shows a unique facet of digital performance, and I've attempted to choose the best dimensions and, for those dimensions, the best possible metrics. I've done the hard work on your behalf to pick the dimensions and critical few metrics that will illuminate your complete business performance. Always do this!

Metrics 148

Metrics Dashboards Key Performance Indicator B2B 148

datapine

FEBRUARY 9, 2024

4) How to Select Your KPIs 5) Avoid These KPI Mistakes 6) How To Choose A KPI Management Solution 7) KPI Management Examples Fact: 100% of statistics strategically placed at the top of blog posts are a direct result of people studying the dynamics of Key Performance Indicators, or KPIs. What happens next?

KPI 221

KPI Management Key Performance Indicator Measurement 221

datapine

JULY 17, 2019

KPI is a value measured to assess how effective a project or company is at achieving its business objectives. In other words, KPIs provide organizations with the means of measuring how various aspects of the business are performing in relation to their strategic goals. What Is A KPI? What Is A KPI Report?

KPI 223

KPI Reporting Key Performance Indicator Dashboards 223

BA Learnings

MARCH 26, 2020

While some companies identify business benefits with the sole intention of getting business cases approved, more mature companies tend to devote their resources to tracking and measuring these business benefits after the projects have been concluded. This is particularly central to fostering continuous improvement.

Key Performance Indicator 207

Key Performance Indicator Cost-Benefit ROI Measurement 207

Occam's Razor

MARCH 8, 2010

Like good little Reporting Squirrels we collect and stack metrics as if preparing for an imminent ice age. The key to true glory is making the right choices. In this case its making right choices about the web metrics we knight and sent to the battle to come back with insights for our beloved corporation to monetize.

Metrics 118

Metrics Testing Key Performance Indicator KPI 118

Occam's Razor

JUNE 28, 2011

Web Analysts are blessed with an immense amount of data, and an amazing amount of valuable, even sexy, metrics to understand business performance. Yet our heroic efforts to report the aforementioned sexy metrics lead to little business action. Since crappy sounds bad, let's just say you are reporting super lame metrics.

Metrics 127

Metrics Measurement Key Performance Indicator Reporting 127

datapine

JULY 11, 2019

At this point, you have already tackled the biggest chunk of the work – collecting data, cleaning it, consolidating different data sources, and creating a mix of useful metrics. Operational: A business intelligence tool that exists to monitor, measure and manage processes or operations with a shorter or more immediate time scale.

Dashboards 319

Dashboards Metrics Visualization Key Performance Indicator 319

datapine

JUNE 18, 2019

These are powerful tools that you can apply to increase internal business performance. A data-driven finance report is also an effective means of remaining updated with any significant progress or changes in the status of your finances, and help you measure your financial results, cash flow, and financial position. Amount of errors.

Reporting 251

Reporting KPI Metrics Finance 251

datapine

SEPTEMBER 4, 2019

Through dashboards, organizations can quickly identify current and historical performance. Organizations can also further utilize the data to define metrics and set goals. An effective dashboard combines information dynamically to measure performance and drive business strategy. b) CMO strategic dashboard.

Dashboards 263

Dashboards Analytics Key Performance Indicator Sales 263

Juice Analytics

MARCH 1, 2021

key performance indicators (a.k.a KPIs), success metrics, scorecards). Managers want a barometer of performance, a hammer to use on their subordinates, and a straightforward quantification of their business. Actionable metrics Ask yourself: what would I do if the metric is out of line?

Metrics 98

Metrics Scorecard Key Performance Indicator Dashboards 98

Jet Global

AUGUST 17, 2020

A finance department Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure used to evaluate a company’s financial performance. Internally, companies use financial metrics to evaluate prospective investments and track internal performance from a financial perspective.

Finance 98

Finance Metrics KPI Key Performance Indicator 98

Jet Global

JUNE 24, 2020

An engineering Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an engineering firm uses to gauge its success over time. These KPIs will give you a fundamental understanding of what performance metrics are important to each industry, and how they can impact the business.

Metrics 98

Metrics Reporting KPI Key Performance Indicator 98

datapine

APRIL 23, 2019

In today’s business world, competition is fierce across all industries and sectors, which means that to survive and thrive, working with measurable online data analysis and performance metrics is essential. Exclusive Bonus Content: Helpdesk performance metrics: A summary! What Is A Helpdesk KPI?

KPI 169

KPI Key Performance Indicator Metrics Snapshot 169

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? But wait, she asks you for your team metrics. You spend all day helping your customers leverage analytics for improved business performance, so why are you so un-analytic about how you run your data analytics teams? Where is your metrics report? Forty-five metrics!

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. These three statements are data rich and full of financial metrics. The Fundamental Finance KPIs and Metrics – Cash Flow. Current Ratio.

Metrics 98

Metrics Finance Reporting KPI 98

datapine

MARCH 8, 2021

Like many of today’s most important industries, digital data, metrics and KPIs (key performance indicators) are a part of a bright and prosperous future – and a comprehensive healthcare report has the power to deliver in each of these critical areas. The Benefits Of A Healthcare Report. Preventative management.

Reporting 198

Reporting KPI Management Cost-Benefit 198

Jet Global

JANUARY 11, 2021

A real estate Key Performance Indicator (KPI) or metric is a quantifiable measure used to assess the performance of a business in the real estate industry. Contrary to popular belief, these metrics aren’t just used to track the property sales data that you see in the news. What is a Real Estate KPI?

Metrics 98

Metrics Reporting KPI Key Performance Indicator 98

datapine

AUGUST 12, 2020

In your daily business, many different aspects and ‘activities’ are constantly changing – sales trends and volume, marketing performance metrics, warehouse operational shifts, or inventory management changes. The next in our rundown of dynamic business reports examples comes in the form of our specialized SaaS metrics dashboard.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

datapine

OCTOBER 29, 2021

Tracking relevant key performance indicators weekly will improve the decision-making process while keeping every relevant stakeholder engaged with the data. This is an important metric to monitor weekly as it lets you understand if your cost goals are actually in line with what is feasible. click to enlarge**.

Interactive 220

Interactive Reporting Dashboards Metrics 220

datapine

JUNE 5, 2019

Data dashboards provide a centralized, interactive means of monitoring, measuring, analyzing, and extracting a wealth of business insights from relevant datasets in several key areas while displaying aggregated information in a way that is both intuitive and visual. Learn all about data dashboards with our executive bite-sized summary!

Dashboards 316

Dashboards KPI Sales Visualization 316

datapine

JANUARY 21, 2020

The balance sheet gives an overview of the main metrics which can easily define trends and the way company assets are being managed. Every serious business uses key performance indicators to measure and evaluate success. It doesn’t stop here. Operational optimization and forecasting. click to enlarge**.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

Occam's Razor

APRIL 20, 2009

All web analytics tools have a smattering of metrics and key performance indicators that were created just because someone decided it would be cute to add / subtract / multiply / divide some numbers. You can learn a lot more about Visits and Unique Visitors in this post: Standard Metrics Revisited: #1: Visitors.

Metrics 107

Metrics Key Performance Indicator Reporting Measurement 107