What does KPI mean?
It stands for Key Performance Indicator.
Definition
Key Performance Indicator (KPI), or Key Performance Indicator, is a quantifiable measure of performance over time for a specific objective, used to track progress towards goals.
Importance
KPIs are crucial for aligning teams, providing business metrics, and increasing transparency within organizations.
Examples
KPIs can include metrics such as revenue growth, customer retention rate, sales by region, and more, depending on the specific business objectives.
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