infographic-1a
Less than a quarter (23%) strongly believe that their business is data-driven
HOW OFTEN DO BUSINESSES MONITOR KEY METRICS?
70% of companies don't have daily insight into
their company's key metrics
Only 14% of businesses monitor key metrics in
real-time
WHAT HAPPENS WHEN BUSINESSES MONITOR KEY METRICS REGULARLY?
2x 2x
Companies that monitored data in real-time were 2x as likely to meet their growth goals compared
to those who don’t
50%
50% of companies that tracked their data in real-time met all their goals in the last 12 months
compared to only 24% of companies who did not track in real-time
92%
92% of companies that tracked their metrics in real-time met some or all their goals in the last 12 months compared to 64% of companies who did not track in real-time
DO LEADERS HAVE A CLEAR UNDERSTANDING OF KEY METRICS FOR GROWTH?
91% of leaders believe their business has a clear
understanding of the key metrics which will lead
to growth
Of the 9% that do not have a clear understanding
of the key metrics for growth, 95% of them had
less than 10 employees
WHICH LEADERS ARE MOST LIKELY TO MONITOR KEY METRICS IN REAL-TIME?
Younger leaders are more likely to monitor
business metrics in real-time (33% were under 35
years old, 58% were under 45 years old)
Only 13% of companies who monitor data in
real-time had leaders 55 or older
HOW ARE LEADERS SHARING COMPANY PERFORMANCE METRICS WITH EMPLOYEES?
6%
OF COMPANIES
never share key metrics with
their employees
80%
OF COMPANIES
who don’t share metrics with
employees had leaders that were
45 years or older, 100% had less
than 100 employees and 66%
had less than $1M in revenue
THE REMAINING 94%
of companies do share metrics
with 18% in real-time, 3%
hourly, 22% daily, 14% weekly,
17% monthly, 12% quarterly and
5% annually