Lack of consistency over metrics is a widespread issue. How can you ensure that everyone in the organization uses consistent KPIs in line with the company’s objective?
The solution lies in having a centralized repository of metrics accessible to all, standardizing the way business metrics are created, computed, served, and consumed. Up until recently, if organizations wanted a single source of truth for metrics, they had to build it on their own. Giants such as Airbnb, Uber, and Linkedin built their own in-house solutions. Sadly, this is not a piece of cake for everyone, as it requires heavy infrastructure investments and sometimes years of work on behalf of engineering teams.
That’s where metrics stores come into play. A metrics store is a centralized place for organizations to store key metrics. It is a way of centralizing organizational knowledge, creating a repository for users to access key metrics in a repeatable way, regardless of how they plan to consume them.
This category of tools is rather new, and some questions are still floating around the matter:
🛠 Which technological changes brought about the need for metrics stores?
🎁 What are the benefits of a metrics store?
👟 How does a metrics store fit in the modern data stack?
🎳 How are metrics stores used by data teams in practice?
Does GoodData look like the better fit?
Get a demo now and see for yourself. It’s commitment-free.