Introduction
Breaking into data analytics isn’t just about running SQL queries or building dashboards. To stand out, you also need to understand the language of business.
Every organization from retail,healthcare to tech and beyond runs on metrics. They shape strategy, guide decisions and define success.
When you can speak to those metrics with confidence, you instantly become more credible as an analyst.
Metrics are basically anything you can track as long as it is in quantitative value then its a metric.
Key Perfomance Indicators(KPIs) are the metrics that actually matter.
How do i differentiate?ask yourself would management really care about this metric?if yes then its a KPI.Should have around 5-10 KPIs.
Objective Key Reports(OKRs)-this is basically setting the direction and concrete projections of the company or business eg.we want to hit 100M profit by December,reduce expenditure etc.
At a company there may be 3-5 main OKRs that get circulated across all departments because they are top-line priorities that leadership wants everyone to align themselves on.
Conclusion
Which metrics to choose?ask yourself:
- Which sector are we in?Finance,IT,Health etc since they may have different KPIs.
- Can we influence this metric?
- Does this metric geniunely affect perfomance
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