What is key performance indicator evaluation in SAP SRD-CC-ANA - CRO-Analytics?

SAP Term: key performance indicator evaluation

• Component: SRD-CC-ANA

• Component Name: CRO-Analytics

• Description: A user-specific, time-dependent, and condition-based evaluation of a key performance indicator that results in a value, which is ususally evaluated against a target value.

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• Key Concepts: 
  Key Performance Indicator (KPI) Evaluation is a component of SAP's SRD-CC-ANA CRO-Analytics suite. It is used to measure the performance of an organization against predetermined goals and objectives. KPIs are used to track progress and identify areas for improvement. They can be used to measure financial performance, customer satisfaction, operational efficiency, and other metrics. 
  
  How to use it: 
  KPI Evaluation can be used to set goals and objectives for an organization, track progress towards those goals, and identify areas for improvement. It can also be used to compare performance against industry benchmarks and competitors. The data collected can be used to inform decisions about resource allocation, process optimization, and other strategic initiatives. 
  
  Tips & Tricks: 
  When setting KPIs, it is important to ensure that they are measurable, achievable, and relevant to the organization's goals. It is also important to ensure that the data collected is accurate and up-to-date. Regularly reviewing KPIs can help ensure that they remain relevant and useful. 
  
  Related Information: 
  KPI Evaluation is part of SAP's SRD-CC-ANA CRO-Analytics suite, which includes other components such as predictive analytics, customer segmentation, and marketing automation. It can also be integrated with other SAP solutions such as SAP HANA and SAP BusinessObjects.