Lexolino Expression:

Descriptive Metrics

 Site 41

Descriptive Metrics

Leveraging Data Analysis for Performance Management Leverage Data for Employee Engagement Generating Reports for Operational Improvement Marketing Analytics Supporting Strategic Alignment with Analytics Data Comparisons Support Decision Making with Real-Time Data





Building Customer Loyalty through BI 1
Key components of BI include: Data Mining Reporting Performance Metrics Descriptive Analytics Predictive Analytics The Importance of Customer Loyalty Customer loyalty is defined as a customer's commitment to repurchase or continue using a brand ...

Leveraging Data Analysis for Performance Management 2
Types of Data Analysis Descriptive Analysis: Summarizes past data to understand what has happened ...
Employee Performance Evaluation Data analysis can be utilized to assess employee performance through metrics such as productivity, quality of work, and engagement levels ...

Leverage Data for Employee Engagement 3
According to research, organizations with high employee engagement levels outperform their competitors in various metrics ...
This can involve: Descriptive analytics to summarize past performance Diagnostic analytics to understand why certain trends are occurring Predictive analytics to forecast future engagement levels Prescriptive analytics to recommend specific actions Step 3: Actionable Insights Data ...

Generating Reports for Operational Improvement 4
practice falls under the category of Business and is a key component of Business Analytics, specifically within the realm of Descriptive Analytics ...
to facilitate operational improvement: Report Type Description Key Metrics Performance Reports Assess the efficiency and effectiveness of operations ...

Marketing Analytics 5
Types of Marketing Analytics Marketing analytics can be categorized into three main types: Descriptive Analytics: Focuses on understanding past performance by analyzing historical data ...
Hootsuite) Analyzes social media performance and engagement metrics ...

Supporting Strategic Alignment with Analytics 6
Performance Metrics: Measurement systems to evaluate progress towards objectives ...
The following are key types of analytics that contribute to strategic alignment: Descriptive Analytics: Analyzes historical data to understand past performance ...

Data Comparisons 7
Below are the primary types of data comparisons: Descriptive Comparisons: These comparisons summarize data characteristics, such as mean, median, mode, and standard deviation ...
Benchmarking Compares performance metrics against industry standards ...

Support Decision Making with Real-Time Data 8
Human Resources: Real-time employee performance metrics can guide talent management and workforce planning ...
Key areas where real-time data impacts business analytics include: Descriptive Analytics Descriptive analytics focuses on understanding past performance through historical data ...

Data-Driven Decision Making 9
Improved Performance: By analyzing performance metrics, organizations can identify areas for improvement ...
Types of Data Used in DDDM Organizations utilize various types of data in their decision-making processes, including: Descriptive Data: Information that describes past events, helping organizations understand what has happened ...

Value Creation 10
Analytical Technique Description Value Created Descriptive Analytics Analyzing historical data to understand trends and patterns ...
Measuring Value Creation To assess the effectiveness of value creation efforts, organizations often employ various metrics, including: Metric Description Purpose Return on Investment (ROI) ...

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