Three Steps to Mapify your KPIs | Make them More Intelligent

Mapsanalytics 3 STEPS TO MAPIFY YOUR KPIS "Mapify your KPIS", is a process to identify existing business problems and process where location, proximity, or distance matters. The result of this process are definitions for new leading indicators and supporting analytics that align to your performance management, Business Intelligence, and analytics strategy. DEFINITION: Selecting important metrics that require new supporting spatial analytics. MAPIFY KPIS Important Metrics Spatial Analytics VALUE: New insights, faster access to info, or automated delivery of actionable information. MEASURABLE: Aligned to strategic goals: financial, Customer, employee, process. Customer Retention Sales Growth Emergency Events Market Penetration- Predictive Late Deliveries Drillable Store Performance Risk Analysis & Event Alerting Trade Area & Drive Time analysis Step 1: Organize existing KPIS and supporting Analytics Are you impacting? Business champion and/or executive sponsor? Business stakeholder, business users, IT stakeholder? Skills you know are needed? WHO Are the top 3 business pains? Is the impact of addressing those pains? Important Metrics and KPIS are impacted by that pain? Supporting analytics are needed to supporf these metrics? Existing analytics tools exist? WHAT WHEN Is the deadline for addressing this pain? STEP 2: Explore new ways to measure sUccess What Geographic Relationships are Important? og Location Proximity Distance Density Topography Time Реople CAMARS MAMFY KPIMARY Places Events Assets CMaps Analytics Mapify KPI Matrix is a tool to drive discussions and provide context while business stakeholders explore the validity of Location İntelligence. Each cell in the matrix provides specific examples how location relationships can be coupled with subjects to deliver value. STEP 3 Hypothesize & define what is good and bad " If you can't measure it, you can't manage it " - Peter Druckner Sales $ # of Events STANDARD Maximum time % of Growth Distance MEASURES What thresholds, values, or limits are good / bad? Fx Average sale per customer Emergency events per 1000 cycles % of Growth Year over year Drive Distance CALCULATED METRICS WANT TO LEARN MORE? Work with our expert team at CMaps Analytics for coaching, consultation and tools for executing your Location Strategy. LEARN MORE ABOUT MAPIFY YOUR KPIS Mapsanalytics fl in What is the Subject?