6 advantages of using dashboards in performance measurement

What is a Tracking Dashboard?

Los Dashboards son herramientas de administración y visualización de información que se utiliza para hacer seguimiento a las variables claves o KPI de: un negocio, un trabajo o un proyecto. En una sola imagen se pueden saber si la variable se ajusta a lo previsto y de esta forma tomar acción para corregir desviaciones. Mediante la visualización de los datos, los cuadros de mando simplifican conjuntos de datos complejos para proporcionar a los usuarios un conocimiento rápido y amplio de la situación actual fente a una prevista ideal. In a single image it is possible to know whether the variable conforms to the forecast and thus take action to correct deviations. By visualizing data, dashboards simplify complex data sets to provide users with a quick and comprehensive understanding of the current situation versus an ideal forecast.

Background

Dashboards take their name from car dashboards; in fact, if you think about it, dashboards are used in the same way as car dashboards. Under the hood of your car, there can be hundreds of independent processes that impact the performance of your vehicle. A dashboard presents the status of the critical variables of these hidden processes; using visualizations the driver has the peace of mind to concentrate on operating his vehicle safely and being able to take it smoothly and efficiently to its destination. Apart from the complex processes that take place under the hood.

Learn about our GPS for carsintegrated with Dashboards.

In today’s business environment, the trend is toward creating and using more data. In fact, there are so many that a science has been created to manage it: Big Data. Managing and extracting real value from all that data is a key challenge facing companies and their employees. When looking for a way to simplify data analysis and distribution, organizations often find themselves quickly dealing with data overload.

“A well-designed dashboard report is a remarkable information management and coordination tool.”

A well-designed dashboard report is a remarkable information management and administrative control tool. For drivers, the dashboards allow them to concentrate on operating their vehicle safely, getting to their goal and negotiating the various hazards on the road. The same is true for business users: dashboards simplify complex processes into manageable and digestible chunks of information so that they can focus on the day-to-day running of the business, which are then included in reports and presentations.

This figure of what happens under the hood, is also understandable at a business level to find many benefits in administrative outsourcing.

Advantages of using Dashboards

Effective use of dashboards can have a dramatic impact on business and personal performance. Dashboards keep your business data from different sources all on the same page. The main advantages of using control panels are shown below:

Get more value from your data

Data is one of a company’s most valuable assets. However, extracting value from this data is often a difficult task. A well-designed dashboard has the ability to inform users across the organization and provide access to the most relevant metrics. All members of your team can use a dashboard to manage their performance.

Consolidate and automate multiple data sources

By their very nature, dashboards collect data from multiple data sources to provide a single interface to the results. This reduces the amount of time and effort to compile reports, log into multiple analytics services and share data with everyone in the enterprise. Dashboards offer the opportunity to expose metrics to a wider audience within your organization.

Aligning effort between departments

As the saying goes, “data don’t lie”. When it comes to interdepartmental activities, scorecards serve the function of providing an objective view of current and shared performance and can effectively serve as a common ground for further dialogue. For example, sales and marketing must be aligned with the customer acquisition process. Dashboards can display metrics that are relevant to each team in a way that is mutually understandable.

High personal unemployment

Many times workers suffer from distractions that cause them to lose time and affect their performance indicators regardless of the work they perform in the company. Dashboards focus them on what is really important in their function, while offering autonomy to obtain information and take actions that concentrate their efforts. Many times over urgent issues.

Alarms and monitoring

The fact of having a total integration of the organization’s data brings many practical advantages, by incorporating alarms or alerts when any variable is out of the established parameters. A control panel that nobody looks at is of little benefit; but if alerts are generated when something happens, it is also very useful.

Improved reaction times

In the past, when reports were weeks late and done only at month-end close, response times to opportunities or threats were equally bad. Now you can react immediately, reducing risks and losses.

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