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An interactive dashboard is a data management tool that tracks, analyzes, monitors, and visually displays key business metrics while allowing users to interact with data, enabling them to make well-informed, data-driven, and healthy business decisions. They provide ROI by quickly highlighting trends and dig out irregularities.
Check out this investor relations dashboard example below, part of our management dashboard series: **click to enlarge**. Robust dashboards can be easily implemented, allowing potential savings and profits to be quickly highlighted with simple slicing and dicing of the data. There may be push back.
If you are reading this, it probably means that you understand the importance of tracking your performance and its progression over time. Management thinker Peter Drucker once stated, “if you can’t measure it, you can’t improve it” – and he couldn’t be more right. How do you know that? Or drastically change for another path?
Your senior execs and managers want to leverage data and information to gain a competitive advantage and succeed. KeyPerformanceIndicators (KPIs). Real Time and Cached Cube Management. Obviously, when it comes to your competitive market space, your business does not want to exist in that 68% of the pie chart!
" In service of analysis the job includes: Pulling data, segmentation, slicing and dicing, drilling-up, drilling-down, drilling-around, modeling, creating unique datasets, answering business questions, writing requirements for data sources and structures for Reporting Squirrels to work with IT teams to create, etc.
They are designed for operational staff like accountants, AP clerks, fulfillment managers, or salespeople to delay the lag between an eminent business need and the required action. Departments and individual people tend to vary how they treat metrics, keyperformanceindicators (KPIs), and the source/location of the data they pull.
"What is the difference between a metric and a keyperformanceindicator (KPI)?" KeyPerformanceIndicators. Manageable. KeyPerformanceIndicator: Keyperformanceindicators (KPI's) are metrics. " "What is a dimension in analytics?"
Even with the ugly template design, the company logos (yes, plural), and other elements that were on the original slide, the one above manages to survive negativity they add. Even if the fonts and numbers were larger, it is extremely difficult to compare the slices (despite three big shifts). Look beyond the obvious, really look.
"Analysts" spewing data out left right and center, after spending so much time tagging and re-tagging and Google Tag Managering. If we have it, we can slice and dice it like crazy (where do these people come from, what content do they like, what internal searches drive more or less time spent, etc.
Now, Delta managers can get a full understanding of their data for compliance purposes. This also includes IT departments that develop and manage applications used by internal stakeholders and partners. Salesforce Account Managers use this to display and filter their report chart.
Analytics is vital now because providing end-users with the ability to analyze, slice, and dice data within the context of their application is essential to staying competitive in today’s fast-paced digital world. For example, let’s say a product manager is using event tracking to monitor user activity on a particular page.
The capacity to facilitate exploration differentiates business intelligence, allowing users to quickly and easily slice and dice their data in various ways to produce meaningful insights that direct leaders toward better business decisions. For many projects, internal data sources are likely to be sufficient. Rinse and Repeat.
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