Why every business should have a dashboard
Every business should have a dashboard – a visual representation of the most important data showing how the business is performing
Dashboards are visual representations of your most important data points (your “key performance metrics”). They show at a glance how the various aspects of your business are performing and trending.
What can a dashboard achieve?
What data are you going to use?
The data to drive your dashboards should be properly structured and unified before they are produced – to ensure that all of the team are operating from a single version of the truth.
Without this, management meetings can quickly degenerate to debates about who’s version of the truth is correct and who has the better data… missing the more important point of what informational messages the data contains.
In short, even if the data isn’t 100% accurate, it’s far better to be consistently inaccurate than inconsistently inaccurate. The latter translates to operational chaos with different teams disagreeing on whether things are improving or deteriorating (and thus the correct course of action), whereas with the former, at least trends can emerge and the results of actions quantified on a common basis.
With a well structured cloud based data platform it is easier and cheaper than ever to develop both a stable data platform (and the right governance around it) and to operationalise dashboards for the organisation.
The first step in developing your dashboards therefore needs to be to unify your data into a platform where it has been standardised and quality-checked.
Find Out More
Do you want to know more about how dashboards could help your business? Get in touch and talk to us about a modern, cloud-based data and analytics solution for your business.
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