Usage Statistics

Usage Statistics

Usage Statistics For Practical Business Use

Usage Statistics

Usage statistics are used extensively in all matters of public policy formulation, personal and business affairs. In order to establish performance benchmarks to correlate data from the past, establish guidelines for the future and make important business decisions in the now, the use of statistics establishes a standard framework of reference and common method of reporting that can be widely recognized and understood. The conventional use of statistics is to track and record data over an agreed set of time. In business initiatives, this is usually on a monthly or quarterly basis. Historical trends can provide important insight for companies, governments and individuals to make more informed decisions to more closely align personal and professional goals and objectives.

Business Performance: Usage statistics provide a standard measurement for businesses to make strategic decisions about the use of capital and labor. With the opportunity costs associated with resource allocations, statistics and forecasting associated with economic, reporting and statistical modeling permit companies to make more informed decisions on how to cut costs and where to invest for growth opportunities. Individual business units have unique data requirements. Established reporting formats provide critical business feedback about how strategic initiatives are progressing. This permits business strategy formulation to press winning business policies, iteratively refine or eliminate initiatives that are not producing the desired outcomes. Usage statistics bring senior managers closer to the reality of the business decisions they make.

Usage Statistics

Government Performance: All matters of government policy formulation and measurement draw heavily on usage statistics. Whether it is determining budgetary allocations, measuring employment, immigration movements, spending initiatives, or inflation, the use of statistics is used extensively in all matters of government affairs. The degree of importance placed apon accurate data collection and interpretation is indicated by national surveys that are conducted regularly by government departments. The correlation of this data is used to check against exiting government policies, refine current objectives and forecast and interpret emerging trends for extrapolation into the future. With government programs generally lagging current society and business conditions, using statistics at least keeps politicians partially informed about the situations that need to be addressed.

Online Performance: Statistics usage and online metrics are a prime example of how measuring and reporting on data has tremendous business and forecasting value. With the ability to track search behavior, advertising expenditure and user behavior right down to the keyword level, companies are able to closely track and monitor their online strategies and performance down to the last detail. This assist with matching content and product offerings to target audiences, helps refine existing campaigns and determine new business direction for the future.

Irrespective of what type of occupation you perform, it is likely that you will be exposed to usage statistics in some shape or form. Statistical frameworks provide a valuable way to assess, monitor and report on all types of critical business data.

Contact Us | Resources | Privacy Policy |