What is a Metric in Analytics ?
Every organization generates huge amounts of data on a daily basis. But raw data alone does not lead to meaningful informations, it must be structured into quantifiable metrics that evaluate progress toward objectives. A metric transforms fuzzy values or questions into measurable values.
What is a Metric in Analytics ?
Metrics are foundational elements in the world of data analytics and business intelligence. A metric refers to a quantifiable measure that is used to track, monitor, and assess the performance of individuals, teams, systems, and organizations toward desired results.
Choosing the right metrics effectively provides good value in driving data-informed decisions and strategy. In this article we will see what is a metric along with guidelines and examples for applying metrics successfully in analytics.