What are ‘indicators’ in Performance Analytics?

Indicators in Performance Analytics are defined as measurable values that track performance. They are used for monitoring and assessing the effectiveness of processes or outcomes in various areas of an organization. By providing quantifiable metrics, indicators allow organizations to understand their performance relative to defined goals and objectives.

These measurable values can be tied to specific objectives, enabling users to analyze data and determine whether they are meeting their performance targets. Indicators can be derived from various sources of data and can help in identifying trends, forecasting future performance, and making informed decisions based on solid evidence.

The role of indicators is crucial in establishing a performance management framework, as they provide a clear and reliable way to gauge success, drive accountability, and foster continuous improvement within the organization.