Business Analytics & Dashboards
Business Analytics & Dashboards
“The greatest value of a picture is when it forces us to notice what we never expected to see.”– John W. Tukey
What does a Dashboard have to do with Business Analytics?
If Business Analytics is the data-backed road to business insight, then a Data Visualization Dashboard is an interactive, real-time map that helps you navigate that road. With poor data, lack of information management governance and expertise, any initiative for data visualization could fail drastically. So let’s first understand why getting this framework right is crucial.
A Formula One race car driver needs a fully equipped dashboard to help make the right decisions to cross the finish line in time. Business in the 21st Century is digitally disruptive and governed by competitive strategy. To be a winning player in this minefield, executives need a birds eye view of all business operations, performance, and finances to be able to analyze large volumes of data and use them to maintain a competitive and strategic advantage.
Facilitate Decision making
How does a dashboard and data visualization assist businesses? It takes the data derived from business analytics and displays it so you can see:
- Automated reports
- The status of Key Performance Indicators
- Alerts on Red Flags across the organization
- Diagramatic answers to your business queries
- Tabular data modeling
- Critical real-time information
- Any business-related information customizable to your needs
A data visualization dashboard provides you with the awareness and agility to make critical time-sensitive decisions, take appropriate action, track performances, make revenue-driving decisions, and reduce processing times for information acquisition, among many other things.
Types of Dashboards
To understand the type of dashboard you need, it is important to understand the purpose served by each type.
- Tactical dashboards are for managers looking for a deeper understanding of company actions.
- Strategic dashboards are used by senior executives to ensure company growth and progress aligns with its strategic goals.
- Operational dashboards are used internally in departments to streamline processes and operations.
Get Experienced Business Analytics and Insight with Tadafur
Tadafur believes in creating impact with technology.
Creating an effective dashboard is all about presenting the right information to the right people, at the right cost with the right degree of flexibility and ensuring the system is enjoyable and easy to use.
With our expertise, you can equip your organization with some of the most powerful business intelligence tools available. Our team of experts provides you assistance with:
- Business Analytics Strategy Consulting
- Data Management Strategy
- Data Management Design and Implementation
- Business Dashboards Design & Creation
- Business Dashboards Reporting Platforms
To get started utilizing and visualizing your data assets and business analytics, contact one of our experts now.