What is a KPI (Key Performance Indicator)
A KPI (Key Performance Indicator) is a measurable value that indicates how effectively a person, team, or organization is achieving a specific business objective.
Why KPIs matter to your business
KPIs give you a clear way to track performance, set goals, and measure progress. Without them, it’s hard to know if your strategies are working or where to focus your efforts.
Real-world example
A customer service team tracks average response time as a KPI to ensure they’re meeting support standards.
Related Terms
Business Intelligence, Dashboard, Real-Time Reporting
Explore Further
Visit our Data Analytics Services or browse the Data Analytics Resource Hub