Choosing the right business metrics is crucial for gaining actionable insights. Here are some tips:
Align with Goals: Ensure that the metrics align with the overall business goals and objectives. Relevancy: Select metrics that are relevant to your business processes and industry. Measurability: Choose metrics that can be accurately measured and tracked over time. Actionable: Ensure that the metrics provide insights that can lead to actionable outcomes. Benchmarking: Use benchmarks to compare performance against industry standards or competitors.