Business dashboards are designed to increase productivity. As Peter Drucker says, “What’s measured improves." By bringing visibility to issues as they arise, dashboards maintain a team that keeps each other accountable.
What is a Dashboard? It is an overview of important business metrics in an easy to read format, a majority of us have used one before.
In today’s “Big Data” economy, business dashboards are essential. That being said, for most executives deep data analysis isn’t a task that is an effective use of time. However, having real time and historical data presented to them is. Business dashboards are designed to provide a snapshot of critical information, information that impacts business.
Why is Data More Effective Visually? 90% of information transmitted the the brain is visual. To maximize their effectiveness, we design our dashboards to be visually engaging.
Is information for one worker critical for another? Maybe. But maybe not, which is why most people advocate for the customizable dashboard. As everyone has unique responsibilities, their dashboard should reflect such. When our operations team logs into Fusion, their dashboard shows purchase and sales orders that need action.
Visibility is more than just a buzzword for supply chain professionals. Without proper visibility collaboration cannot take place. So on a business dashboard there should be some static components visible to all team members. Let’s say you have a critical truckload arriving an hour later than operating hours. Everyone needs to be aware of this, for the client’s sake.
Dashboards Designed to Propel Success
Business dashboards are most effective using real-time data. Real-time data allows managers to make the most informed decisions by giving them peace of mind that they are always using up-to-date data. Even though it is an overview or summary, dashboards need to allow users to click through to details in order to pinpoint the exact data that they want to see. Business dashboards need to have an accessible data history. It’s important for managers to compare present quota and targets versus historical data. According to document automation company, Esker, the dashboard helps decision-makers spot trends and craft new strategies in response.
How do they propel success? If they’re properly aligned with your business goals, dashboards provide motivation. As dashboard design company, Grow, puts it: "If you, or your team, needs an extra motivational push, there’s nothing like the whole office knowing you aren’t meeting your goals. Dashboards don’t call people out. They just show the plain and simple facts. Data calls people out and makes accountability the focus."