What is KPIs (Key Performance Indicators)? | SAP BI Interview Questions

(1) Predefined calculations that render summarized and/or aggregated information, which is useful in making strategic decisions.
(2) Also known as Performance Measure, Performance Metric measures. KPIs are put in place and visible to an organization to indicate the level of progress and status of change efforts in an organization.
KPIs are industry-recognized measurements on which to base critical business decisions.
In SAP BW, Business Content KPIs have been developed based upon input from customers, partners, and industry experts to ensure that they reflect best practices.