Dashboard

Dashboards are visual tools for monitoring, analyzing and optimizing business processes and enable strategic decisions.

Meaning in detail Contact us now

Types of dashboards

Strategic dashboards: Focus on long-term business goals and provide an overview of overall performance. They show highly aggregated key figures that reflect the strategic direction of the company.
Tactical dashboards: Focus on short and medium-term goals and enable detailed analysis of business processes. They offer a deeper insight into the operational level and support the optimization of processes.

The role of dashboards in business management

Dashboards play a central role in modern business management. They enable:

Objective: Both strategic and tactical dashboards are used to align corporate goals with daily activities.
Performance monitoring: Dashboards enable continuous monitoring of performance and help identify deviations at an early stage.
Decision-making: Both strategic and tactical dashboards support decision-making by providing a clear overview of the current situation.
Communication: Dashboards serve as an effective means of communication to communicate complex information to various stakeholders.

The importance of data governance and data strategy

The quality and benefits of dashboards depend largely on a solid data governance and a comprehensive data strategy.

Data Governance: Ensures that the data used in dashboards is reliable and consistent It defines access rights, data standards and ensures the quality of the data.
Data Strategy: Determines the direction for the use of data in the company and defines which data is collected and used for which purposes. Dashboards are an important part of this strategy.

The role of data consulting

Data consultants help companies to:

Selection of tools: Choose the right tools and technologies to build and deliver dashboards.
Design: Design dashboards that are both informative and appealing.
Implementation: Integration of dashboards into existing systems and employee training.
Development of a data strategy: Development of a comprehensive data strategy that includes the use of dashboards.

Expanded aspects

Data storytelling: Dashboards can turn complex data into compelling stories, making communication easier.
AI and Machine learning: AI-based technologies can automate and improve the creation and use of dashboards.
Mobile dashboards: Mobile dashboards provide access to important information anytime, anywhere.
Embedded analytics: Dashboards can be embedded in other applications to make data analysis easier.
Change management: The introduction of dashboards requires effective change management to attract employees to the new ways of working.

Conclusion dashboards

Dashboards are essential tools for companies that want to make data-based decisions and achieve their goals. By combining strategic and tactical perspectives, a solid data governance and a comprehensive data strategy companies can sustainably increase their success.

Additional keywords: Business intelligence, Data Visualization, KPI, performance management, real-time data, process management, self-service BI, Data Lake, Data warehouse, Data Lakehouse, Predictive Analytics, Prescriptive Analytics

Note: Our team benefited from the support of AI technologies while creating and maintaining this glossary.

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