What
is Dashboard and the role of it in Business intelligence
Dashboard is a business
intelligence tool that provide visual presentation for the current status of
metrics and the performance indicators for an enterprise. The main benefit of
dashboard use is to arrange metrics and sometimes score performance in one
single monitor. By the use of dashboards, users can access a real time data
from multiple sources. Dashboards are software products that helps to support
business intelligence process and it could be customized depends on the need. It
is not an easy steps that require to gather all the data needed from various
departments, therefore, dashboard became the best solution to transform BI
process.
How can dashboard
help with big data?
- Helps
to simplify the data sets. For examples CEOs may face difficulties in
understanding the row data that are received from customers, market research
survey, and finance data. However, dashboard will make it simple and easy to
analyse by gathering all the data and show them in graph.
- Dashboard
can provide an easy access to useful information that is available online and
social media website without reviewing each site manually and is considered as
a method that dashboard could help to reduce time consuming.
- Dashboard
has the ability of managing the data and turn it into graphical presentation
rather than going through all details which it could be not useful and waste of
time.
- When
managers make decisions, they need to be aware of every single activity and that
fact might take time to look for necessary data.
- By
the use of dashboard, you can track and compare market research studies
visually without going back to the official reports which probably could take a
while, also some of those data could be lost.
How could the dashboard be
useful to business?
- Recognize
negative trends:
By analyzing dashboard graphs, managers will
be able to find out about the business weaknesses and work on maintaining the
negative trends
- Correct
the negative trends:
By the use of dashboard, managers will
be able to identify, locate, and analyse negative trends and improve the
business overall performance
Dashboards has the ability to collect
data that could be helpful to take future investments and improve company
capital
- Measure
the company performance:
By the use of dashboards, managers can
apply deep analysis which helps the to take acts against inefficient
productivity
- Determine
the company objectives and strategy:
When using dashboards, managers can
determine the future decisions and track the company condition.
- Dashboard
improve employees productivity:
Managers will be able to identify
employees with poor performance when using dashboards quickly and then work on
increasing it before it becomes too late.
- Dashboard
could save employees time:
The use of dashboard eliminate reports,
since reports reduce companies’ time and money.
The Data and Questions for a Bookstore
Q1: Which supplier has the most revenue?
*Attribute: Supplier. *Metric: Revenue.
Q2: which book category had the most revenue?
*Attribute: Book category. *Metric: Revenue.
Q3: Which book is most expensive?
*Attribute: Book category. *Metric: Unit price.
Q4: Which city sold most books?
*Attribute: City. *Metric: Unit sold.
Q5: In which month(s) is the bookstore showing high productivity?
*Attribute: Month. Metric: Revenue.
The following video will give you a better understanding on what are dashboards and how does it work:
