Business Value

Parent KPI

This KPI measures the overall value of the platform in terms of how effectively and efficiently the business objectives are met. 

Effectiveness

Sub-KPI

This evaluation criteria is based on how well the platform supports the users in meeting their business objectives.

Efficiency

Sub-KPI

Efficiency refers to the perception of how fast a return on investment (ROI) could be achieved.

Implementation

Parent KPI

The “Implementation“ KPI measures users’ overall satisfaction with the implementation process based on expected duration and perceived effort.

Timeline

Sub-KPI

This evaluation criteria is based on how long the implementation process lasts compared to expectations.

Effort

Sub-KPI

This KPI is based on the perceived effort for the implementation process. 

Competitiveness

Parent KPI

This KPI measures the overall performance in terms of competitive positioning on the market.  

Competitive win rate

Sub-KPI

The "Competitive win rate“ is based on the number of wins in competitive evaluations.

Considered for purchase

Sub-KPI

This KPI measures to what extent the platform has been considered for purchase by the users. Apart from how the users perceive its potential, this KPI is also determined by the awareness rate for the product. 

Innovation

Parent KPI

"Innovation“ measures the product's overall performance in terms of innovative tasks based on its analytics and visualization capabilities, along with the ability of supporting new concepts such as the digital twin.

Support of new concepts

Sub-KPI

This KPI measures whether and to which extent the platform is capable of supporting modern concepts such as the digital twin.

Visualization

Sub-KPI

"Visualization“ is based on the platform's capabilities in terms of visualization.

Analytics

Sub-KPI

This KPI measures the platform's analytics capabilities.

Customer satisfaction

Parent KPI

This KPI measures overall customer satisfaction based on the pricing model, likelihood of recommendation, product satisfaction, level of support by the vendor, level of security as well as partner ecosystem. 

Partner ecosystem 

Sub-KPI

The "Partner ecosystem“ KPI measures the level of satisfaction with the ecosystem enabled by the platform.

Security

Sub-KPI

This KPI measures user satisfaction with the level of security provided by the platform.

Vendor support

Sub-KPI

This KPI measures user satisfaction with the level of vendor support provided for the product.

Product satisfaction

Sub-KPI

This KPI is based on the frequency of problems encountered with the product.

Recommendation

Sub-KPI

This KPI is based on the proportion of users that say they would recommend the platform to others.

Pricing

Sub-KPI

This evaluation criteria measures to what extent the users are satisfied with the pricing model.

Customer experience

Parent KPI

This KPI measures overall customer satisfaction based on the pricing model, likelihood of recommendation, product satisfaction, level of support by the vendor, level of security as well as partner ecosystem. 

Ease of use 

Sub-KPI

This KPI is based on the level of complaints about the platform‘s ease of use post-implementation. 

Flexibility

Sub-KPI

This KPI is based on flexibility of the platform as perceived by the users. For instance, it measures extensibility through microservices, the ability of using different communication protocols and simple device integration.

Performance Satisfaction

Sub-KPI

"Performance satisfaction“ measures the frequency of problems encountered in terms of performance issues.