Application Area of Metrics Analytics
Here are examples of common metrics used in key analytics domains:
- Business Performance
- Marketing and Sales
- Product and Engineering
- Customer Service
- Human Resources
- Supply Chain and Operations
What is a Metric in Analytics ?
Metrics are foundational elements in the world of data analytics and business intelligence. A metric refers to a quantifiable measure that is used to track, monitor, and assess the performance of individuals, teams, systems, and organizations toward desired results.
Choosing the right metrics effectively provides good value in driving data-informed decisions and strategy. In this article we will see what is a metric along with guidelines and examples for applying metrics successfully in analytics.