Importance of Metrics Essay

Exclusively available on IvyPanda Available only on IvyPanda

Metrics are evaluation numbers used to track, assess and reveal important information about a specific process. First, metrics are important because they provide accurate and real data about the process’s effectiveness. Secondly, based on the metrics’ information, one can suggest improving the particular process. Third, metrics guide organizations or businesses to understand customers’ needs better. Fourth, metrics serve as a feedback tool because it relays information to the business, showing its satisfaction scale.

We will write a custom essay on your topic a custom Essay on Importance of Metrics
808 writers online

I love working out and eating well, which prompted me to develop a measurable metric plan. I have listed the workout and menu as the main parameters to be assessed in my plan. I have to assign the number of workouts done in a day while balancing the types of meals. The process of keeping fit or losing weight requires an assessment of this kind to ascertain what works best for my body.

Metrics are used in the entertaining sector to understand the coverage area, customers’ preferences, and cash flow from different areas. In the entertainment industry, I understand that companies like Showmax, Netflix, and DStv rely on metrics such as subscribers’ number and growth, watch hours, customer engagement, and earnings (Sivanathan et al., 2019). These companies can visualize how their content influences the customers by comparing metrics.

With the advancement in technology, it is very hard to point out a profession that requires no success measurement. Ranging from chefs to teachers, the professionals have to track how their skills work. Therefore, no profession does not need data since otherwise the business or organization is doomed to fail. Even though these measurements exist, some professions like barbers, drivers, police officers, and religious teachers may not require data use.

Reference

Sivanathan, A., Gharakheili, H. H., & Sivaraman, V. (2019). In 2019 IEEE 44th Conference on Local Computer Networks (LCN) (pp. 230-233). IEEE. Web.

Print
Need an custom research paper on Importance of Metrics written from scratch by a professional specifically for you?
808 writers online
Cite This paper
Select a referencing style:

Reference

IvyPanda. (2022, October 8). Importance of Metrics. https://ivypanda.com/essays/importance-of-metrics/

Work Cited

"Importance of Metrics." IvyPanda, 8 Oct. 2022, ivypanda.com/essays/importance-of-metrics/.

References

IvyPanda. (2022) 'Importance of Metrics'. 8 October.

References

IvyPanda. 2022. "Importance of Metrics." October 8, 2022. https://ivypanda.com/essays/importance-of-metrics/.

1. IvyPanda. "Importance of Metrics." October 8, 2022. https://ivypanda.com/essays/importance-of-metrics/.


Bibliography


IvyPanda. "Importance of Metrics." October 8, 2022. https://ivypanda.com/essays/importance-of-metrics/.

Powered by CiteTotal, online referencing machine
If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Request the removal
More related papers
Cite
Print
1 / 1