Business Metrics
E-commerce: 13 KPIs to Track in Your Dashboard to Grow Your Business
What are Key Performance Indicators? Key Performance Indicators (KPIs) are metrics that help you calculate your business’s growth trajectory and the health of your various departments. Tracking KPIs helps you keep your business on track, and advises most management decisions. With the right insight, you will easily tell which efforts are worth more than others,…
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7 Tips to Try for an Immediate Average Order Value Increase
It’s a no-brainer that the more customers your business has, the more revenue it generates. If you’re a marketer or retailer, you should look beyond customer numbers and focus on average order value (AOV) since it can set you on the path to profitability. For this reason, it’s best to know what AOV is, how…
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Customer Retention Analytics: How Data Can Help Reduce Churn
Customer retention analytics is crucial for helping you supercharge your business. By analyzing data about your business’s customer retention, you can reduce churn. And as it’s much easier to retain your existing customers than to gain new customers, it’s worth finding out more about how analyzing this type of data can help boost your business. …
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Why You Need Data Reports and How to Create Them
Managers know that gathering and interpreting data is essential for making the best business decisions. However, it’s easy to become overwhelmed by the excess of data that’s available. Data reporting picks out the most important pieces of a data set and presents them clearly, using visual tools like charts and graphs. Putting together good data…
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Text Analysis for Business Intelligence : An Outlook
Every business leader would outright agree that data is currency. However, few might be aware of the challenges of processing this data into actionable information. In business, finding out what other people think is a critical part of the decision-making process. And there are growing opportunities for mining opinion-rich data from sources like personal blogs,…
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5 Ways to Use Data Visualization in Human Resources
Using Data Visualization in Human Resources – 5 Techniques Visual communication is nothing new as it’s typically employed everywhere – in media, art, education, and entertainment. But now, more than before, data visualization in business is quite noticeable. In other words, businesses continue to recognize the vast potential in data visualization, especially in enhancing communication…
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5 Sales Pipeline Metrics You Should Be Checking for Growth
Understanding your sales pipeline is a fundamental process for business growth. Besides tracking revenue and other apparent success indicators, managing your pipeline accounts for less visible metrics like leads who are stuck in your sales cycle or have fallen off the wagon. Without a firm understanding of what exactly constitutes growth in your funnel, you…
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These 7 Recruitment Metrics Will Help You Create a Better Hiring Process
Recruitment is a costly yet necessary process that every business must go through to attract the best workers for the job. The problem is that it’s so easy to lose track of spending, waste resources, and lack the clarity you need when you’re on the hunt for new talent for your brand. Fortunately, there is…
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10 KPIs for Project Managers and Why They Matter
A key performance indicator (KPI) is a quantifiable metric that helps the project manager (PM) determine overall project performance and its alignment to organizational objectives. Success in a project is defined within predetermined budgets, timelines, scope, and quality levels. While the PM is engrossed in efforts to deliver a project on time and within budget,…
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Calculating your Facebook Ads ROI For Ecommerce with ClicData
Facebook is the largest social media site globally, making Facebook Ads a powerful marketing tool for your products. With almost 3 billion registered users, Facebook lets you interact with customers, build your brand identity, run ads, and increase your reach. As an intuitive and easy-to-use platform, Facebook readily meets the needs of small firms and big…
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Why mobile marketing matters so much
Wherever you are, take a quick look around. If you find people, you’ll also find smartphones. And on those smartphones, people are frequenting search engines such as Google and social media platforms such as Facebook and Instagram to find the right brands to buy from. In a nutshell, there’s your answer! The data doesn’t deceive,…
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CSR Success Can Be Measured Too!
No one exists in a bubble in 2022, as every consumer, investor, and business contributes to the world financially and environmentally. Today, 70% of American consumers believe it’s “somewhat” or “very important” for companies to contribute to society positively. Naturally, many corporations have adopted Corporate Social Responsibility (CSR) initiatives. CSR initiatives see businesses creating value…
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8 strategies for strong sales and lead generation
Customers are the lifeblood of your business, but no one ever said attracting them was easy. Research shows that 68% of businesses struggle to generate leads and it’s no wonder why. To successfully attract a lead, you need to identify their needs, work out how to sell to them, and build their desire for your…
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9 must-have KPIs to derive your hotel business strategies
Efficient hotel data analytics is more crucial for the industry than ever. Countries are now used to living with manageable caseloads of COVID-19, which means that traveling is slowly getting back to capacity. Hoteliers are facing new challenges and changes as different business practices and medical prerequisites take over the industry. What’s on the line…
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OPTIMIZING HEALTHCARE PERFORMANCE: THE SOLVITIX EXPERIENCE
Delivering patient care must adapt to meet the changing healthcare landscape and streamline data analysis. Subsequently, there needs to be a new way to manage this environment that adapts and grows with the industry. Simply looking at productivity or budget information no longer provides enough of the insights needed to be successful. Introducing Solvitix Solvitix…
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