Performance Measurement Using Predictive and Proactive KPIs
Performance measurement is crucial for any business as it enables managers to track progress, identify areas for improvement, and make informed decisions. However, the traditional approach to performance measurement may no longer be enough. With the increasing pace of technological advancement, businesses need to shift from a reactive approach to a proactive and predictive one. One way to achieve this is by using predictive and proactive KPIs. SMART KPI metrics can also help. In this blog post, we will explore the concept of predictive and proactive KPIs and how they can help businesses achieve their performance objectives. Key Performance Indicators (KPIs) A KPI is a measurable value that helps organizations track their progress toward achieving a specific business objective. KPIs come in different forms, and one way to classify them is based on their orientation. There are two types of KPIs: predictive and proactive KPIs. Grow’s KPI dashboard has...