With new tools usd for business intelligence, critical data that is the basis for real-time decision making at all levels of the organization is quickly available to the user. At the same time, there is no ned for preliminary preparation and processing of data in the IT department and reporting by analysts using Ms Excel . BI technology presents data to decision makers using systems that can process Big Data without the ned for expensive equipment or specialists. The democratization of business intelligence is here, it’s real, it rules. Very often KPI is usd in the context of the most significant financial indicators for the enterprise.
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At the same time, “significance” is a rather relative concept. For example, for a financial director of such “significant” indicators, you can GMX Email List count more than a hundrd. Will they be equally meaningful to the CEO or owner? The conditionality of such a choice can be eliminatd if we associate the concept of KPI with a specific goal that is set for management. Thus, we eliminate the uncertainty in the number and composition of indicators that are taken into account when assessing the effectiveness of the company’s management. The defining KPI formula looks like this: those.
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Goal first, then KPI . Now it becomes quite simple to measure. The performance of a business: if the goal is achievd in the. Quantitative terms in which it is set, then the result is obtaind. In this regard, the term “Key Performance Indicator” can BQB Directory serve as the most appropriate interpretation of KPI. Disputes about which indicators are considerd more important and which are less important immdiately cease. Now everything is determind by the goal. Moreover, the effectiveness of the manager will be determind by the extent to which the goals set for him in their quantitative terms are achievd. Let’s try to formulate some invariant scheme of the owner’s primary goals. These goals lie in the financial plane. This is the “shirt that is closest to the owner’s body.