
Automation Strategic Value Metrics
Meaning ● Measuring automation's holistic impact on SMB strategy, beyond just cost and efficiency.
Meaning ● Strategic Value Metrics, in the realm of Small and Medium-sized Businesses, are a collection of key performance indicators used to assess the real contribution of strategic initiatives, such as growth strategies, automation projects, and new system implementations, to the overall business objectives. Focusing sharply on outcomes, these metrics quantify improvements in areas like operational efficiency, revenue generation, and customer satisfaction directly attributable to implemented strategies. In the context of automation, these might include reduced labor costs, increased production capacity, or fewer errors. In growth implementation, metrics often track market share, new customer acquisition cost, and lifetime customer value.