Nov 10 2015
BI Reporting & Dashboards, blog
Dashboards have suddenly received a lot of attention in business situations not because of their attractive pricing or easy availability but more so because of their usability and immense usefulness in business intelligence applications. Dashboards are no longer the privileged tool of top executives; nowadays intelligent dashboards aid decision making across the enterprise at all levels. The employees at operational levels have to measure performance on a regular basis and intelligent dashboards make it simple to accomplish the tasks.
Entrepreneurial Insight’s How to Build Functional Business Dashboards points that the biggest benefit of dashboards is that it provides a “single view of business events” and successfully aligns departmental goals and objectives with data-backed proof of claims. The Reports display a consolidated performance report of the entire business, which makes the dashboard the only tool that is relevant to every department across the enterprise. The intelligent dashboard not only dashboard extracts more value through comparisons of cross-functional data, but also by making the results available in one place for the entire organization to share and view. Custom dashboards even enable viewers to insert their own comments to the Reports, thus making the dashboard a highly flexible, collaborative decision-making platform.
Intelligent dashboards may be classified into here categories: While the strategic dashboards aid the top executives in monitoring company’s progress, the tactical dashboards help managers gain insights into business practices. Then again, the operational dashboards can help supervisors or executives get a detailed view of departmental processes. Thus, the dashboard is equally important to all departments—Sales, Finance, Human Resources, Purchase, Manufacturing, and Customer Services.
Top Usage of Dashboards in Business Intelligence Decision Making takes a look at some of the critical uses of the intelligent dashboard in the real-life business situations:
Finally, the business dashboards have become the inevitable thinking tool for the business executive who needs to make quick data-driven decisions on a daily basis.
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