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Why Measuring Every KPI is Not the Best Practice

Written by Columbus | Sep 3, 2020

Do you want to see significant success in your business? 
Then, use your data: Make your data work for you and make the right fact-based decisions. You can unveil surprising stories hidden in your existing data when you are curious and open-minded to find new knowledge.

Think big but start small – take the first step to implement your Business Intelligence (BI) solution today and make a significant difference in your business.

Make room to play with data

It is easy to get started with BI. Many employees reach their goals on their own after spending a short time with Power BI. As the software is tightly integrated with the company’s business systems, it is easy to get access to updated data, the main idea behind ‘self-service BI.’ 

Make the Power BI tool and organizational data readily available and accessible. The value of new insights you discover is compelling.

How do you measure the value of your BI investment?

Is it achievable and measurable? Yes, the value you gain from your BI investment is immense, but only when you know what you are measuring. This value depends on what you are looking for and what you intend to achieve with the insights you gain. You need to know your data to use it effectively. As you know, you cannot obtain the best results without having control over your data and investing in learning about the tools you use.

Build an integrated strategy

Make sure your dashboards and KPIs are closely linked to your mission, vision, and strategy - this is the mindset that feeds strategic, tactical, and operational activities. It creates a basis for you to gain insight into both new business opportunities and current situations. It also paves the way to possibilities that you can adapt, respond, and test quickly.

This practice ensures you weave the ‘red thread’ from your strategy to everyday operations. I have experienced delighted customers over the years when they see results. They have all experienced the added value of their BI solution in terms of their employees’ ability to make decisions independently. And their understanding that they are contributing positively to the organization’s mission and supporting the growth through their everyday activities. The employees did not have this understanding before, as they could only get these insights through their monthly and quarterly information meetings with the management.

If you measure everything, you measure nothing

Stay focused – target only a few relevant KPIs that are mission-critical and useful in adjusting behaviors and processes that support your growth and strategy.

The greatest joy and success for me is when I, together with my clients, ensure efficient implementation, higher user satisfaction, and realize a measurable profit on their investment.