Why many key figures are of little use and what really counts
Many small and medium-sized companies are collecting more data today than ever before. The crucial question remains: Are they measuring the right things? Too often, KPIs are just numbers without context. They look good, but don’t help in everyday life. You can find a basic introduction on Wikipedia.
The most common misconception
Numbers alone do not create clarity. A KPI is only valuable if it triggers a specific action. Many SMEs have long lists of KPIs that nobody regularly checks or understands. Decisions are then still made on instinct, even though data is available.
This is particularly evident in meetings. There is a lot of discussion, opinions clash and in the end it often remains unclear what is actually at stake. Anyone who leads knows this feeling only too well. You need to understand the mood in the team, assess performance and make objective decisions at the same time. A dashboard helps to take the pressure off this dynamic. When performance is visible in black and white, it is easier to separate emotions from facts and steer discussions towards the essentials.
What really counts
A good KPI system serves a purpose. It helps to see the essentials and act faster. It is about a few key figures that everyone understands and that are closely linked to the objectives.
- Which processes are running well and which are not
- Where are we losing time, money or customers?
- How is the business developing compared to our targets
A dashboard that brings clarity
Instead of maintaining lots of tables, you need a dashboard that shows the most important KPIs in real time. This allows you to see at a glance where action is needed. This is exactly what Rootlogik develops. Customized KPI dashboards for SMEs that turn numbers into guidance.
Companies save time, make better decisions and finally understand what is in their data.
Conclusion
Data only has value if it has an impact. A clearly structured KPI dashboard makes it clear where your company stands and where it can develop. And it ensures that discussions within the team are based on facts rather than assumptions.
Rootlogik helps SMEs to turn data into a real basis for decision-making.
