![What is a Benchmark? An In-depth Exploration What is a Benchmark](https://vikiwhatis.com/wp-content/uploads/2024/04/What-is-a-Benchmark-600x400.png)
What is a Benchmark? An In-depth Exploration
Introduction to Benchmarking Benchmarking is a systematic process used to evaluate and compare the performance, processes, or standards of one entity against those of another. It involves identifying the “best in class” performance by studying industry leaders or competitors and then measuring your performance or practices against these benchmarks. The primary goal is to gain…