One of the Strategic dashboard scarcest commodities for all C-level executives, such as the COO (Chief Operating Officer), is time. “The bad news is that time is ticking. The good news is that you are the pilot.” In more good news for COOs and enterprises ranging from small businesses to Fortune 500 companies, the Strategic dashboard business intelligence (BI) dashboard has as a management and decision-making tool and solution.
This isn’t to say that using a business intelligence dashboard is a perfect strategy. In fact, recent results by Gartner and other research organizations suggest that only 20% to 30% of business intelligence projects are “successful.”
The good news from what may seem
Like a low success rate for companies using business intelligence dashboards should not be – COOs and Chief Executive Officers (CEOs) have at their disposal a data management tool (the BI dashboard) that can help them leap ahead of the competition.
The purpose of a business intelligence dashboard is often thought of as similar to the function of a car’s dashboard – quickly scanning for critical information.
Additionally, it should be noted that
Effective business dashboards to be individually for each company, rather than relying on a mass production approach that would create all business intelligence dashboards equally.
Avoiding the generic high failure rate of business intelligence projects and replacing it with the success of your own business intelligence dashboard strategy will likely depend largely on how successfully your dashboard reflects your company’s unique business DNA.
Direction & Sense provides c level contact list business intelligence dashboard expertise to organizations of all sizes around the world. In the following paragraphs, we highlight five of the benefits available to forward-thinking C-level executives when using BI dashboards.
1) Business Intelligence Dashboards enhance visual communication
Visual communication through business intelligence dashboards is not only more effective in many cases, but also faster – this method of business communication is a key component of achieving better time thrive news technology seo management for CEOs and other business executives and managers.
Well-dashboards typically look like an infographic that uses multiple visual formats to deliver information quickly and concisely. Common dashboard visuals include pie charts, gauges, column views, bar graphs, maps, and numbers/text sparingly for maximum impact.
2) Business Intelligence Dashboards Facilitate Self-Service Business Analysis
C-level executives – and all time-sensitive business managers – no longer find it acceptable to wait for a technical expert when data is . Today’s business intelligence dashboards give a COO the to access buy lead data for analysis and reporting on a “self-service” basis. This allows users to seamlessly customize reports in an intuitive way.
The self-service capabilities of business intelligence dashboards have proven to be especially useful in organizations with a lean management structure and in companies that have operations spread across the globe and in different time zones.
3) An effective dashboard helps C-level executives cut through a mountain of big data
While big data has to many business successes with data mining and other data management strategies, it’s increasingly common for busy executives and managers to find themselves periodically by the sheer amount of data flowing through their organizations. With proper planning, business intelligence dashboards can take the stress out of big data and focus on the information that’s truly important to the decision at hand.
4) Business Intelligence Dashboards: Get Rid of the Old and Start with the New
The use of traditional spreadsheets may have been a revolutionary development in the 20th century – but the frenetic pace of business today, with ever-changing technology, demands new business solutions, such as business intelligence dashboards, that are smarter and faster.
In addition to being time-consuming, the old way of generating reports through an Excel spreadsheet often provides inaccuracies that can lead to erroneous conclusions and decisions.
In an ultra-competitive business environment, it is also prudent for companies to stay ahead of the competition by constantly innovating – both with old, inefficient ways of doing business and with new, more effective business tools like BI dashboards.
5) Business Intelligence Dashboards can help save time and money
For discerning CEOs and COOs who can’t be easily , perhaps the most impressive achievement of business intelligence dashboards is their consistent ability to produce multidimensional benefits – the classic example being enabling organizations to save time and money, while also improving quality and increasing sales. What’s not to like about that.