Data is critical in determining where a business is on its journey towards its current goals and ultimate success. Business metrics must be measured and tracked to determine performance and show where extra action is required. Key Performance Indicators (KPIs) are the usual tool to measure these values and give an accurate picture of the business’s performance.
The question then becomes: how easy is it to collect and collate this information?
Getting this data can be a time consuming task, using up valuable resources and often leading to not actively measuring the numbers because it just takes too much time to get the right information. A business dashboard gives a real time display of the exact numbers needed at the touch of a button.
How does a data dashboard work?
A dashboard will talk to your database, collect all the relevant information, aggregate, filter, sort and then display it in a meaningful format. Usually the visual representation takes the form of a chart, dial, graph or just a plain number. Previous performance analysis can be overlaid on graphs to show current progress against past performance.
Dashboards are used to communicate insight and intelligence about the business. A dashboard can also serve as a communication tool for the team, giving easily understandable facts about the business where they can have the most impact. Subsets of relevant data can be displayed, real time to staff to aide their decisions. This could take the form of a large screen in a warehouse showing loading rates or orders picked per hour. A telesales department might want to show calls answered vs going to voicemail or orders taken per shift.
If the data exists, it can be aggregated and displayed
Value of dashboards to businesses
- Monitor KPIs
- Easy to read and understand
- Make better decisions
- Objective overview of current performance
If a dashboard could make your next decision a better one, get in touch. We offer a free consultation to ensure you get the right product for your needs.