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Learn about strategies and key terms

Key Performance Indicators (KPIs)

Key Performance Indicators (KPIs) are quantifiable measurements of a business objectives that can track progress over time. KPIs are key to help businesses set targets, monitor progress/operations, and help improve business performance by identifying areas for improvement. KPIs are dependent on business goals and can differ between departments and companies.

Analytics

Analytics is the systematic processing and analysis of data and statistics to gain insight into business objectives and goals.

Data Science and Statistics

  • Data Science combines the scientific process, statistics, algorithms, and systems to extract insights from data.

  • Statistics is the process of collecting and analyzing large amounts of data with the purpose of better understanding key information about the data sample.

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