16 key metrics you need to be tracking in your Magento website

Magento has become a popular platform for ecommerce websites, and its performance can be optimized through full-stack monitoring, which is critical for business success. The blog post discusses key metrics for monitoring a Magento website using New Relic, which provides comprehensive insights into site performance, inventory management, and customer behavior. Metrics such as total orders, revenue at risk, response times, and inventory performance help businesses make informed decisions to enhance user experience and minimize revenue loss. New Relic's integration with Magento offers a curated dashboard for tracking these metrics, enabling businesses to optimize sales strategies, improve checkout processes, and understand customer behavior better. Moreover, New Relic aids in identifying revenue-making channels, optimizing customer lifetime value, and recognizing loyal or fraudulent customers, thus playing a vital role in business observability by aligning performance with key business outcomes.