Tracking business performance can be cumbersome, time-intensive and expensive. Most companies rely on dozens of disparate tools, systems and data inquires – requiring several iterations and many man hours to produce reports that are clear, multidimensional and actionable.
At ALJ consulting, we help companies optimize data by querying, tracking and presenting all of your distinct data sources into one Power BI dashboard that is:
Consolidated from various sources
Highly visual and easy-to-read
Interactive & Customizable
Sharable with various export capabilites
What is a Data Dashboard?
Much like the dashboard in your vehicle, data dashboards display real-time key metrics and performance indicators that are essential for guiding decisions and better navigating the surrounding landscape.
Using propriety business intelligence (BI) reporting tools, we aggregate and display critical metrics and key performance indicators (KPIs) in a single screen, allowing you to monitor the current state of your business, across departments, teams, or specific processes. You can also identify trends and predict potential challenges concealed in an organization’s data.
As a high-level reporting mechanism, dashboards ultimately provide fast ‘big picture’ answers to critical business questions and assist and benefit decision-making in several ways:
· Communicating how a business is performing according to defined targets
· Improving informational awareness for everyone
· Organizing operational data into a well-managed format
· Visualizing complex relationships in an easy-to-understand way them with your company, team, or clients.
The best part is that you can access and share your data dashboards through smartphones, tablets, and other mobile technology.
Dashboards vs reports
Most business users focus on two methods of sharing data – the report and the dashboard.
A report is used to gather detailed operations data within an organization. A report can broadly cover a wide scope of related information, or it might narrowly focus on details of a single item, purpose or event.
Reports can get confusing especially when they involve slideshows, spreadsheets, and your manual creating each one at the end of the week, month or, year. The yearly ones can get very hard to follow once you start presenting.
The biggest limitation with a report is that you need to anticipate the requirements and comparisons of the audience that they would like to see as an output upfront. So that you can prepare the distinct spreadsheet or slides.
Why dashboard reporting?
They are more efficient
Business dashboards present a simpler, more efficient way of presenting data that is easy to interpret and pull whenever you need it. There is a great way of understanding what makes dashboards more time-efficient, so the name for this type of reporting came from the car dashboard that we all have. The dashboard is monitoring the most important systems of your car and provides an alert so that you can correct any issue before it gets worse and there goes your smooth driving. While reports can be time-consuming and often confusing, using data dashboards to visualize data is cleaner and faster. More importantly, you will get the KPIs and numbers you need within the moment and anyone requesting will easily access it.
Dashboards Connect KPIs and Metrics from Multiple Sources in One Place
As we have already talked about, to track the progress of your business you will probably need to pull in data from dozens of different tools in order to get a handle on performance. This takes a lot of time, from logging into each tool to checking specific metrics and KPIs that that tool has to offer. When performance lives all over the place, no one ever really has a comprehensive view of what’s going on and how to actually improve.
This where a data dashboard comes in, you can connect KPIs and Metrics from multiple sources in one place. That way all the important data will be in one clear and well-visualized dashboard. It will save you time and allow you to monitor your performance in real-time.
Dashboard Allow Your Team to Make Adjustments When They Matter Most
Waiting for your monthly report in order to see if your plan has been successful and if you have reached your goals is no longer a valid option. You will lose both time and resources. And that is exactly why having a dashboard where all your important KPIs are being tracked along with your goals is vital.
You can check the data daily, and take immediate action to adjust your campaign so that you hit the marks you have set. With dashboard software, your team will be able to spot trends quickly and make adjustments when they matter instead of waiting until the end of the month.
Not only does a data dashboard make the data more accessible to you but also it allows for transparency on a much larger scale so that your entire team has a clear picture of how their efforts are affecting the final outcome.