What does KPI mean?

It stands for Key Performance Indicator.

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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.

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Importance

KPIs are crucial for aligning teams, providing business metrics, and increasing transparency within organizations.

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Examples

KPIs can include metrics such as revenue growth, customer retention rate, sales by region, and more, depending on the specific business objectives.