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Reviewed by Sep 24, 2021| Updated on
Metrics are the quantitative measures used for assessing, comparing, and tracking performance. These have been used in accounting, operations and performance analysis.
A group of metrics are used to build a dashboard that the management or analysts review on a periodical basis to maintain performance assessments, make business strategies and build opinions on them. Metrics come in a wide range of categories with industry standards and proprietary models usually supervising their use. However, individual cases and scenarios guide the use of suited metrics.