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Importance of Real time data and Metrics for measuring companies success.

Real time data is  very much important to design Business structure and to deliver the actionable real-time data scalability for any organizational improvement that helps businesses grow in a rapid pace. Real time data brings greater visibility, control and accountability across various businesses.

Real Time Data Metrics

Real-time data capture, analysis and action are the key essential components for businesses of all kinds Different start ups use various analytics applications and platforms to get the real-time data.Data-driven is a challenging task that keeps their prototypes, platforms and New applications on schedule by recruiting professionals with advanced analytics expertise. 

1. Startups need to emphasize on getting key financial Metrics i,e cash flows, gross contribution, customer acquisition cost, business matures etc..right early pays

2. With necessary analysis it is essential to set and prioritize all possible metrics and Key performance Indicators can run businesses with best approach.

3. As far as Start up Early stage investors are concerned Billings are more reliable and accurate indicator for attracting recurring future investments which helps in stable and progressive growth for business.

4. The most important finance metrics to start with is Break even analysis ,an important supporting model to test the effectiveness of smooth flow of operations.

5. In order to find the startup's financial stability is with burn rate as a percentage of revenue is the important metric for startups to watch for. It will give complete trending analysis of startup activities.

6. It is very much essential to know how early stage startups use funding rounds to drive new revenue.Capital Efficiency ratio is an excellent metric to evaluate any business especially startups,how they are using cash to operates, scale up and grow. If the startup has low capital efficiency ratio it is better

7.Cash Flow Forecast is one among the top three important watched metrics for investors to evaluate start up operations. On the other hand Customer acquisition cost (CAC) defines the marketing effectiveness and revenue contributions.It is a useful metric that measures all customer acquisition activities and Total Return on Investment (ROI) for businesses

8.Customer life time value is a reliable measure metric that measures the stickiness of the platform. It also tracks the relative levels of the customer lifet time value that depends on various factors like Market Segment, Customer segments and various distribution channels. It is a quiet important measure that churns the financial performance

9. For startups to allocate and classify its costs will have direct impact on Gross Profit Margin valuations. In order to analyze we need to have a real-time data and accuracy costs of financial information. In order to track how many months a startup has before cash runs out It is necessary to use the vital metric Monthly cah burn rate. It estimates long term and short term financial needs and also suggests the best possible ways to reduce costs.

10. The most important revenue and selling metrics to start is Annual Recurring Revenue (ARR) which defines the amount of revenue generated every year. It is the best metric to track the momentum of a startup company.

11.Average Contract Value (ACV) is also another useful benchmark metric to measure the effectiveness of Sales that drives incremental revenue for a company.To assess the Average monthly quote volume and its impact on sales and revenue that drills down the quote activity state to sales to forecast the revenue potential in a month or in a quarter.

12. The companies will often fine tune their product line extension strategies to up sell and cross sell the products as we normally see the fluctuations in customer churn rate percentage growth.One more important metric is that Percentage of Quoted opportunities.It is a leading indicator that identifies the risky deals on the pipeline and its impact on sales. Often companies use this to measure Sales Rep and Sales channel productivity. With the Real time data assessment it helps to improve the accurate performance and effectivenss of sales teams 

13. Every company success depends on the efficient usage of sales force that converts leads in to quality sales at right time.It is a challenging task for startup companies to recruit and grow sales teams to deliver longer sales cycles and best results.

 14. One of the most important marketing metrics is Content Creation and Marketing Metrics defines which types of content and topics generates most engagement activities for business.Email and Social Media Marketing strategies yield Qualified leads for the business. It is essential for tracking marketing contributions for business growth.Steady stream of marketing leads with a continual series of programs drives a faster rate of lead progressions for business.

15. Real time web analytics provides complete insights about business and how effective a website attracts visitors with best conversion rates. Social Media metrics allows to reach specific target audience and at top of mind awareness by promoting marketing videos, events, images and content aimed at customers high priority interests.Realtime data provides companies with the insights they need to stay focused on best customer retention and satisfaction while continually improve quality performance of product and services.



This post first appeared on Murthy Poduri Education Blog(EDOSY), please read the originial post: here

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Importance of Real time data and Metrics for measuring companies success.

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