Cognitive Analytics is intelligent technology that covers multiple analytical techniques to analyze large data sets and give structure to the unstructured data. To put it simply, a cognitive analytics system searches through the data that exists in its knowledge base Read more
Build the Reports That You Need When You Need Them Data Modeling & Management Orbit’s data modeling functionality achieves highly-tuned queries by identifying the objects needed from multidimensional data relationships. You can build reports as per your business requirements to Read more
Simple, Intuitive, and Powerful Dashboards Data Visualization: Dashboards Orbit Reporting and Analytics brings all of your data together in real-time and interactive dashboards, so you can gain a clear view of your business – at a glance. View Data from Read more
Pivot tables and crosstabs are ways to display and analyze sets of data. Both are similar to each other, with pivot tables having just a few added features. Pivot tables and crosstabs present data in tabular format, with rows and Read more
Pixel perfect describes reports where the user can manipulate the size and layout with precision. This includes allowing the user to change the size of the report, the size of the printed page, and the position of the different elements Read more
An initial level of Enterprise Data Model (EDM), which provides a structure for organizing EDM by Subject Areas. A Subject Area Model, together with a Conceptual Model and a Conceptual Entity Model forms the complete structure of the Enterprise Data Read more
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Key Performance Indicator (KPI)

A measure of key business objectives of an organization.

A Key Performance Indicator (KPI) is a measure that determines how effectively, or ineffectively, organizations, projects or individuals achieve their key business objectives compared to their strategic objectives and targets. With well-defined KPIs, organizations can have a deeper understanding of their true performance levels.

Selecting the right KPIs is essential and largely depends on the industry type in question. Each department in an organization can have different KPIs to assess success based on specific targets and what’s most pressing for that department strategically.

In Practice, KPIs need to be monitored and reported continuously; any changes must be monitored in real-time. Dashboards are the best available sources of monitoring the Key Performance Indicators, as they visually illustrate the performance of an organization or a specific department often in an easy to understand and graphical manner.

Types of KPIs

KPIs are classified into 11 types: Quantitative, Qualitative, Input, Process, Leading, Lagging, Output, Practical, Directional, Actionable, and Financial Indicators.

Some of the examples of KPIs include, Project management KPIs, Human Resources Performance, Financial Performance, Operational and Supply Chain Performance, and IT Operations and Project Execution.

However, the downside is, there are more than 1000 KPIs and most organizations fail to choose the right one that most appropriately suits their business.

Choosing the right KPI is the key to healthy organizational performance. To choose the right KPIs for the organization, emphasize on the parameters or indicators that support the best of all possible outcomes.

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