Why dashboard is important

Intuitive data presentation. Dashboards are design to be intuitive to any user. The graphic design allows an easy and smooth navigation throughout the information. Mobile device accessible. The idea is to reach anywhere, to everyone, in a timely manner with the most accurate information.

Leave a Reply Cancel reply Your email address will not be published. What would a successful dashboard look like to them? What are they hoping this dashboard accomplishes? Too many businesses make the same mistake with their dashboards: They clutter up their dashboards with vanity metrics. The key to an effective dashboard: Knowing the difference between vanity metrics and actionable metrics.

Actionable metrics are those that help you make a decision. Identify vanity metrics in your business and try to clear them out of your dashboard. Vanity metrics should be judged on an individual basis for each dashboard you make. The final aspect of an effective dashboard is delivery. How will users access and interact with your dashboard? However, there are a few key points to consider:. In general, dashboard organization problems usually stem from dashboards that try to do too much.

They try to include too many features, or too much data. They try to fit as much information as possible on the screen. This negates the power of dashboards: Simplicity. This rule is important because it encourages rigorous thought to be applied in selecting the golden dashboard metric. It acts as a natural barrier to cramming in too much information, makes data presentation easier, makes the dashboard more understandable.

Now, what happens if you need to include more data than can fit on one screen? In these cases, use a tabbed dashboard. A tabbed dashboard lets you segment different data categories into separate tabs. While you may have built your dashboard for a specific user role or department, different users want to see different data. Or, they may want to see the same data, but organized differently.

The problem is, many dashboards still display a pre-determined set of metrics in a pre-set layout. While each department might get their own dashboard, users within that department are stuck with a static layout. If different users want different information, the dashboard creator gets stuck in an endless loop of customization, creating separate versions of the same dashboard.

This not only wastes time, it frustrates the users. A modern dashboard must include customization options. The user should have the option to pick and choose which data to display, and how to display it.

This lets the dashboard creator build a single dashboard that users can customize to meet their needs. Last month, our main goal was to increase the number of our marketing qualified leads.

The best dashboards can be adapted to your goals on the go and just as importantly, the dashboard needs lots of integrations. You may have the best, most useful dashboard ever created. It might include actionable data that drives decision-making. It might extend across the entire business, delivering relevant data to every user.

Facebook LinkedIn Twitter ourteam azuregroup. Filter by Category. The importance of Dashboards in business: Why use Dashboard Reports? Azure Group Sep 29, What to include in a Dashboard Report will vary for each business, but there are some fundamentals that should be included: Financials Often you can link your Dashboard Reporting directly to your cloud accounting software such as Xero and this will display your real time financial results such as revenue and expenses. Work in progress Customer orders received, orders in progress, completed and deliveries.

This can include the amount of stock on hand and business efficiency such as stock turnover, debtor days, creditor days and inventory days. Other business planning and goals such as business performance against a strategy or business goals or projects that are currently underway in the business. Cashflow or "burn rate" A good Dashboard Report will show you how quickly you are burning your cash stockpiles and enable you to make the right decisions at the right time to help with liquidity.

Key business drivers Business drivers are the key inputs and activities that drive the operational and financial results of a business. Key business risks Identifying areas of weakness and vulnerability within your business and displaying it in an easy to understand format, will allow you to take control of the aspects of your business that are putting you at the biggest risk.

To make sure your dashboard tells a compelling story, you should: Consider your audience Select the right type of dashboard Strategic, Operational, Analytical or Tactical Keep it simple and visually clear Use the right type of chart Line chart, bar chart, pie chart, scatterplots or others The key information should be displayed at the top of the screen Use colours to imply meaning of context choose few colours and stay consistent, do not use too many different colours Consistency in labelling and data formatting Try using interactive elements The importance of white space around the main elements making the information easier to absorb Optimization for multiple devices desktop, mobile, etc.

Dashboard reporting , Business efficiency , Business performance , Business accounting , business strategy , Accounting. About Author. Related Posts. Why bad Financial Record keeping means bad Business?