What is a Data Dashboard?
Dashboards for business are the next innovation that will turn your company around. You might be asking yourself, well, isn’t a dashboard the thing on my car? Yes, but I’m talking about data dashboards for your business. It does kind of the same thing as it tells you the condition of your car in one fell swoop. You don’t need to check the gas tank to see how low you are on gas or calculate by hand the number of miles you have driven; the information is all there in front of your eyes.#Dashboards are the next innovation that will turn your #business around. Click To Tweet
Just like your car, your business could benefit from a digital dashboard. You can have all of your analytics, operational information, and more on one screen.
What are Dashboards Used For?
Among the many benefits, a dashboard can offer it is simply a data visualization tool that centralizes all of your data into one place. An article from York University’s Department of Mathematics and Statistics describes data visualization as “the science of visual representation of ‘data’–information which has been abstracted in some schematic form.” The look and design are completely up to you and how your business functions. This data visualization tool consolidates and shows you the current statistics of metrics and key performance indicators (KPIs) for your organization, department, or specific process in the form of charts, graphs, and other easy-to-read images on one screen. The dashboard can be used to define metrics, set performance goals, and identify problems without having to sift through pages and pages of reports.
With the wide range of abilities, digital dashboards will adapt to fit your needs and be customized to your business functions. One of the most prominent benefits of a dashboard is that it simplifies and centralizes your information – saving you time, money, and your employees’ sanity.
There are two kinds of dashboards at the very basic level: operational and analytic. Most of the time, businesses combine the two to analyze their data and the function of their operation. Here are some live examples.
A paperless business is possible when the data is right in front of your eyes. Analytical dashboards are designed to help your supervisor and other executives in your company to see data on one screen so they can diagnose the health of their organization. What is even more interesting is that they can see the information at a 60,000-foot level and click on a graph to find out what is driving that particular number at a 6-foot level.A #paperless business is possible when the #data is right in front of your eyes. #dashboards Click To Tweet
Executives can find out why their numbers might be a little skewed or why their profits are higher than they anticipated. Sometimes in a company, information might be coming from 10 different sources, and you could be reporting something different than your coworker. The dashboard allows all of the information to be consolidated into one place and give you the ability to report the same data as everyone else in your organization. Not only that, by having the capacity to identify a problem by drilling down, changes can be implemented to help make pivots in your organization – rather than swerving when it’s too late.
Day-to-day operations become much smoother when supervisors can see what is going on throughout the day without having to walk the whole floor. Operational dashboards can monitor performance metrics and alerts can be set when something is not functioning correctly – such as over or under production, or even if an order is late.
Identifying the use of your dashboard is completely up to you and how you want to see your business. By simplifying the analyzation of your processes, you’ll have more time to focus on your company and less on the day to day tasks.
Read next: What Makes An Effective Executive Dashboard?
Dashboards still a little fuzzy?
The purpose of the dashboard is to simplify and streamline, as well as give users the data they need in a way they can use. As a business professional, you should be asking yourself, how can I make my operations leaner? The answer is dashboards.
Dashboards will revolutionize your reporting process. They can change the way your business sees information and empower you to use data in constructive ways: to innovate and improve the performance of your team, your company, and even your industry.#Dashboards will revolutionize your #reporting process. Click To Tweet
The same way you look at your car dashboard to get immediate information on the condition, you can use charts and graphs as the building blocks to make your screen tell your company’s story. Charts help viewers approach data intuitively by drawing the eye to what is important. Dashboards provide a central location for all users to access and analyze up-to-date information to make smarter, well-educated decisions.
Want to take dashboards for a test drive? Try iDashboards for free today.