what is kpi full form

KPI stands for Key Performance Indicator. It is a measurable and quantifiable metric used to track progress towards a specific goal or objective. KPIs provide targets for teams to shoot for, milestones to gauge progress, and insights that help people across the organization make better decisions. KPIs are designed to align with business goals and targets, while metrics evaluate the performance of particular processes. The best plans use between five and seven KPIs to track and manage progress. KPIs are an important tool businesses use to evaluate achievements, analyze issues and solve problems. KPI software provides a structured and organized repository where KPIs can be defined, tracked, and updated.