25.05.2022
606

KPI

Andrew Andreev
Author at ApiX-Drive
Reading time: ~2 min

KPI (Key Performance Indicators) is a universal, quantitatively measurable indicator of the results of a particular activity.

KPI is actively used in a variety of industries and areas: business, advertising, marketing, management, etc.

Using the KPI coefficient, you can calculate a number of key indicators:

  • Result
  • Costs (amount of resources expended)
  • Productivity (ratio of result to time spent)
  • Efficiency (ratio of result to spent resources)
  • Functioning (as far as the real process corresponds to the optimal algorithm for its implementation)

Key performance indicators are a popular and generally accepted way to monitor the productivity of personnel (employees, departments, managers), advertising, marketing or other campaigns, projects or business as a whole. You can calculate the KPI of literally anything, up to individual promotion channels, or even compare the KPIs of several advertisements.

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KPI is a very important indicator for the processes of planning, control and motivation of personnel, which helps to measure the effectiveness / performance of many key indicators.

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