Sir, are metrics and KPIs the same thing?"
A genuine question from yesterday's class, and a surprisingly common confusion.
So here's a simple explanation
→Metrics are like the numbers on your fitness tracker: steps, heart rate, calories burned.
→KPIs (Key Performance Indicators) are like your actual fitness goals: lose 5kg in 2 months, run 5k in under 30 minutes.
In short:
All KPIs are metrics,
X But not all metrics are KPIs.
KPIs are the metrics that matter most, the ones directly tied to your business goals.
Example from marketing analytics:
Metrics: Impressions, Clicks, Reach, Bounce Rate
KPI: Increase conversion rate by 10% this quarter
Your KPI is the goal.
Your metrics are the signals helping you reach it.
Hope this clears it up for more than just the classroom today! Let me know how you explain this to your team or students.
#data #datanalytics
#kpi
#learning
A genuine question from yesterday's class, and a surprisingly common confusion.
So here's a simple explanation
→Metrics are like the numbers on your fitness tracker: steps, heart rate, calories burned.
→KPIs (Key Performance Indicators) are like your actual fitness goals: lose 5kg in 2 months, run 5k in under 30 minutes.
In short:
All KPIs are metrics,
X But not all metrics are KPIs.
KPIs are the metrics that matter most, the ones directly tied to your business goals.
Example from marketing analytics:
Metrics: Impressions, Clicks, Reach, Bounce Rate
KPI: Increase conversion rate by 10% this quarter
Your KPI is the goal.
Your metrics are the signals helping you reach it.
Hope this clears it up for more than just the classroom today! Let me know how you explain this to your team or students.
#data #datanalytics
#kpi
#learning
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