Marketing Research and Insight Glossary

Definitions, common uses and explanations of 1,500+ key market research terms and phrases.

What is "Key Performance Indicators"?

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Key Performance Indicators Definition

Key performance indicators (KPIs) are quantifiable metrics used to evaluate the success of specific objectives within a market research initiative. These indicators measure how effectively a campaign, brand, product or experience is performing against set benchmarks.

Measurable metrics used to evaluate how effectively a campaign, brand, product or experience performs against specific objectives and benchmarks.

Who relies on key performance indicators?

Brand managers, marketing teams, insights departments, research analysts, executives and stakeholders across both client-side and agency-side teams use KPIs to track progress and inform decision-making.

What are key characteristics of key performance indicators in marketing research?

  • Measurability
  • Business goal alignment
  • Actionability
  • Brand awareness
  • Conversion rates

Why are key performance indicators important in marketing research?

KPIs provide a standardized way to assess the effectiveness of marketing strategies, campaigns or product performance. They align stakeholders around shared goals, support accountability and allow organizations to adjust tactics based on data-driven insights.

How do marketing researchers use key performance indicators?

Researchers design studies that track and report on relevant KPIs, using methods such as surveys, focus groups, analytics platforms and dashboards. The results help guide brand strategy, media planning, innovation efforts and customer experience improvements.