Dashboard (business)

Dashboards provide key performance indicators for key business indicators (eg sales , marketing , human resources , or production ). [1] In real-world terms, “dashboard” is another name for “progress report” or “report.”

Often, the “dashboard” is displayed on a web page that is constantly updated. For example, a manufacturing dashboard may show figures related to productivity or quality inspections per hour. Similarly, a human resources dashboard may include recruitment, recruitment, retention and composition. [2]

The term dashboard originates from the automotive dashboard .

Benefits

Digital dashboards to manage the contribution of the various departments in their organization. To gauge a full performance, the dashboards allow you to capture and report specific data from each department within the organization, providing a “snapshot” of performance.

Benefits of using digital dashboards include: [2]

  • Visual presentation of performance measures
  • Ability to identify and correct negative trends
  • Measure efficiencies / inefficiencies
  • Ability to generate detailed reports showing new trends
  • Ability to make more Informed decisions are based file Managed Business Intelligence
  • Align strategies and organizational goals
  • Saves time to run multiple reports
  • Gain total visibility of all systems instantly
  • Quick identification of data outliers and correlations

Classification

Dashboards can be broken down and are selon role Either strategic , analytical, operational, or informational. [3] Strategic dashboards support managers at any level in an organization, and provide the quick overview that decision makers need to monitor the health and opportunities of the business. Dashboards of this type focus on high level measures of performance, and forecasts. Strategic dashboards benefit from static snapshots of data (daily, weekly, monthly, and quarterly) that are constantly changing from one moment to the next. Dashboards for analytical purposes often include more context, comparisons, and history, along with subtler performance evaluators. Analytical dashboards typically support interactions with the data, such as drilling down into the underlying details.

Types of dashboards

Digital dashboards may be laid out to track the flows inherent in the business processes that they monitor. Graphically, users can see the high-level processes and then drill down into low level data. This level of detail is often buried deep within the corporate executives and unavailable to the senior executives.

Three main kinds of digital dashboard dominate the market today: stand alone software applications, web-browser based applications, and desktop applications Also Known As desktop widgets . The last are driven by a widget engine .

Specialized dashboards may track all corporate functions. Examples include human resources , recruiting , sales , operations , security , information technology , project management , customer relationship management and many more departmental dashboards. For a small organization like a startup a compact startup scorecard dashboard tracks important activities across lot of domains ranging from social media to sales. Citation needed ]

Digital dashboard projects as well as the information technology department as the enabler. The success of digital dashboard projects is often dependent on the metrics that were chosen for monitoring. Key performance indicators , balanced scorecards , and sales performance figures are some of the appropriate on business dashboards.

Dashboards and scoreboards

Balanced Scoreboards and Dashboards have been interchangeable. However, both the visually display and the dashboards provide the required information. A balanced scoreboard has what they called a “prescriptive” format. It should always contain these components (Active Strategy) …

  • Outlook – groupings of high level strategic areas
  • Objectives – verb-noun sentences pulled from a strategy plan
  • Measures – also called Metric or Key Performance Indicators (KPIs)
  • Spotlight Indicators – red, yellow, or green symbols that provide an at-a-glance view of a measure’s performance.

Each of these sections ensures that a Balanced Scorecard is essential to the business critical strategic needs.

The design of a dashboard is more loosely defined. Dashboards are usually a series of graphics, charts, gauges and other visual indicators that can be monitored and interpreted. Even when there is a strategic link, we have dashboard, it may not be noticed as dashboards. However, dashboards can be customized to link their graphs and charts to strategic objectives. [4]

Design

Digital dashboard technology is available “out-of-the-box” from many software providers. Some dashboard applications, however, are still in development. For example, GE Aviation has developed a proprietary software / portal called “Digital Cockpit” to monitor the trends in aircraft spare parts business.

A good information design will clearly communicate key information to users. [5]

Assessing the quality of dashboards

There are four key elements to a good dashboard. [6]

  1. Simple, communicates easily
  2. Minimum distractions … it could cause confusion
  3. Supports organized business with meaning and useful data
  4. Applies human visual perception to visual presentation of information

History

The idea of digital dashboards Followed the study of systems decision support in the 1970s. Early predecessors of the modern business dashboard were first developed in the 1980s in the form of Executive Information Systems(EISs). Due to problems with the use of data, it was not possible to obtain information from the source. [7] Thus, EISs hibernated until the 1990s when the information age allowed and warehousing, and online analytical processing(OLAP) allowed dashboards to function adequately. Citation needed ] Despite the availability of enabling technologies, the dashboard wears Did not Become popular up to later fait que decade, with the rise of key performance indicators (KPIs), and the introduction of Robert S. Kaplan and David P. Norton’s Balanced Scorecard . [8] In the late 1990s, Microsoft promoted a concept known as the Digital Nervous System and “digital dashboards” were described as being a leg of that concept. [9] Today, the use of dashboards forms an important part of Business Performance Management (BPM). S Balanced Scorecard . [8] In the late 1990s, Microsoft promoted a concept known as the Digital Nervous System and “digital dashboards” were described as being a leg of that concept. [9] Today, the use of dashboards forms an important part of Business Performance Management (BPM). S Balanced Scorecard . [8] In the late 1990s, Microsoft promoted a concept known as the Digital Nervous System and “digital dashboards” were described as being a leg of that concept. [9] Today, the use of dashboards forms an important part of Business Performance Management (BPM).

See also

  • Business activity monitoring
  • Complex event processing
  • Corporate performance management
  • Data presentation architecture
  • Enterprise manufacturing intelligence
  • Event stream processing
  • Information graphics
  • Information design
  • Scientific visualization

References

  1. Jump up^ Michael Alexander and John Walkenbach,Excel Dashboards and Reports(Wiley, 2010)
  2. ^ Jump up to:b Briggs, Jonathan. “Management Reports & Dashboard Best Practice” . Target Dashboard . Retrieved 18 February 2013 .
  3. Jump up^ Steven Few,Dashboard Design Information: The Effective Visual Communication of Data(O’Reilly, 2006)
  4. Jump up^ ZSL Inc.,Dashboards Vs Scorecards – An InsightZSL Inc. (2006)
  5. Jump up^ Stacey Barr,7 Small Business Dashboard Design Dos and Don’ts(Barr, 2010)
  6. Jump up^ Victoria Hetherington,Dashboard Demystified: What is a Dashboard? (Hetherington, 2009)
  7. Jump up^ Steven Few,Dashboard Design Information: The Effective Visual Communication of Data(O’Reilly, 2006)
  8. Jump up^ Wayne W. Eckerson,Performance Dashboards: Measuring, Monitoring, and Managing Your Business(Wiley, 2010)
  9. Jump up^ “Microsoft refines Digital Dashboard concept” . Retrieved 2009-06-09 .

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