Calculating group monthly active users is an important task for any business that wants to track the engagement of its users. This metric provides valuable insights into the number of users who are actively using a particular service or product within a given time frame. In this article, we will discuss what group monthly active users are, when it is valuable to calculate them, and how to calculate them.
Group monthly active users refer to the number of users who have used a particular service or product within a given month. This metric is often used to track the engagement of users and to measure the success of a particular product or service. Group monthly active users can be calculated for any type of service or product, including software applications, social media platforms, and online marketplaces.
Group monthly active users are an important metric for businesses because they provide insights into the level of engagement of their users. By tracking this metric, businesses can identify trends in user behavior, measure the success of marketing campaigns, and make informed decisions about product development.
Calculating group monthly active users is valuable for businesses in a variety of situations. For example, if a business is launching a new product or service, it is important to track the engagement of users to determine if the product is meeting their needs. Similarly, if a business is running a marketing campaign, tracking group monthly active users can help to measure the success of the campaign and identify areas for improvement.
Group monthly active users can also be valuable for businesses that are looking to improve user engagement. By tracking this metric, businesses can identify areas where users are not engaging with their product or service and make changes to improve the user experience.
Calculating group monthly active users is a relatively simple process. To calculate this metric, you will need to determine the number of unique users who have used your product or service within a given month. This can be done using a variety of tools, including analytics software and customer relationship management (CRM) systems.
Once you have determined the number of unique users, you can calculate the group monthly active users by dividing this number by the total number of users who have used your product or service within the same time frame. For example, if you have 1,000 unique users who have used your product within a given month and a total of 10,000 users who have used your product within the same time frame, your group monthly active users would be 10%.
It is important to note that the time frame used to calculate group monthly active users can vary depending on the product or service being tracked. For example, social media platforms may track group monthly active users on a daily or weekly basis, while software applications may track this metric on a monthly or quarterly basis.
Calculating group monthly active users is an important metric for businesses that want to track the engagement of their users. By tracking this metric, businesses can identify trends in user behavior, measure the success of marketing campaigns, and make informed decisions about product development. To calculate group monthly active users, businesses need to determine the number of unique users who have used their product or service within a given time frame and divide this number by the total number of users who have used the product or service within the same time frame.
Deltek Costpoint itself isn’t naturally geared towards letting you calculate complex metrics like Group Monthly Active Users. As an alternative, teams typically use products like Arithmix to import data from Deltek Costpoint and build out dashboards.
Arithmix is the next generation spreadsheet - a collaborative, web-based platform for working with numbers that’s powerful yet easy to use. With Arithmix you can import data from systems like Deltek Costpoint, combine it with data from other systems, and create calculations like Group Monthly Active Users.
In Arithmix, data is organized into Tables and referenced by name, not by cell location like a spreadsheet, simplifying calculation creation. Data and calculations can be shared with others and re-used like building blocks, vastly streamlining analysis, model building, and reporting in a highly scalable and easy to maintain platform. Data can be edited, categorized (by dimensions) and freely pivoted. Calculations are automatically copied across a dimension - eliminating copy and paste of formulas.
Arithmix is fully collaborative, giving your entire team access to your numbers and the ability to work together seamlessly.
Calculating metrics like Group Monthly Active Users is simple in Arithmix. Once you've created your free account, you’ll be able to import your Deltek Costpoint data, and use it to create natural language formulas for metrics like Group Monthly Active Users.
Arithmix is designed to give you the power to build any calculations you want on top of your Deltek Costpoint data, while also being easy to use and collaborate on. You can share your dashboards with users inside and outside of your organisation, making it easy to empower your whole team.