What is the Executive Dashboard and what are its features?
What is the Executive Dashboard and what are its features? In a world where data has many uses, it’s important to have a way to filter the information that’s critical to you and your organization so you can access it quickly and easily. Using an executive dashboard, you can understand large amounts of data and make fact-based decisions in real-time. In this article, we intend to provide you with a more detailed explanation of the management dashboard based on this issue.
What is a management dashboard?
Management dashboards, also called strategic dashboards, are a graphical interface using real-time data. Having this information allows managers to get a big picture of the organization’s position against important criteria, identify opportunities to expand the project, and correctly see obstacles in cases where improvement is needed.
These dashboards organize numbers, key performance indicators (KPIs), and sometimes performance scorecards into one cohesive page designed for project managers and senior managers. The customizable user interface of these dashboards should be able to pull real-time data from multiple sources, such as accounting software, a customer relationship management (CRM) system, an email system, or a website analytics program.
Three main criteria
There are three metrics that will help you incorporate KPIs into your dashboard.
- They should be directly related to the goals of the organization.
- They should be few.
- KPIs should be directly related to measuring the success of the organization.
The use of dashboards as a way to make effective strategic and tactical decisions in the face of ever-increasing competitive pressures in the world is on the rise, and there is evidence that the use of visual dashboards makes a big difference in our work. For example, the Aberdeen Group found in a 2013 study that managers who used visual analytics were almost 30% more likely to find information to support their decisions in a timely manner, compared to managers in other organizations who only managed reports or dashboards. Have.
Important features of the management dashboard
What are the most prominent signs and signals of business intelligence to make more use of the dashboard? Features to look for include:
1- Visual features
You should be able to access the data you want and view it in a way that makes sense to you. Users should be able to customize what they see.
You can select the elements of the dashboard you want to view and drag and drop them to the desired location on the page. This method is also a way to add dashboard widgets to bring in more data. This is a simple and easy way to meet your specific needs.
Color and font selection:
Make the dashboard more visually appealing with the ability to choose colors and fonts. This flexibility is great for companies that want to use some data as a sales tool. Some of them like its color and style to match their brand.
Dashboard graphic components:
There are many options available for displaying data beyond the usual chart or graph. Some graphical options include an accelerometer, area, and line graphs, dot, pivot, and interactive graphs.
2- Infrastructures and features of software platforms
A cloud-based dashboard is easier to install and maintain. Such a dashboard will be accessible anytime and anywhere on multiple devices. When you’re analyzing websites and online marketing programs, a lot of data may already be in the cloud. Despite these cloud-based dashboards, they do not have storage limitations.
Support for software platforms:
If you don’t get the web-based dashboard software, you’ll need to make sure it works on the computers you’re already using, whether it’s Windows, Unix, or Mac.
Many dashboard software options have a mobile version that lets you view data on tablets or smartphones. If this is important to you, make sure the data you want to view is available in mobile format. If there is no mobile app but a web-based solution is available, you can still access the dashboard.
3- Data Characteristics
This process extracts information from multiple data sources and narrows them down so that only useful data is displayed. Data fusion is useful for finding relationships between different data sets.
Data Drill Down:
A dashboard provides a view of data that resembles a snapshot in time. You can get more information by clicking on any element in the dashboard. This action takes you from an overview to a more detailed view of the data.
As organizations seek greater agility, management dashboards are being used by different types of managers. This trend reflects the fact that faster decision-making accelerates success by empowering managers to respond to opportunities. While there are three general dashboard styles: strategy, analytical, and operational, management dashboards are strategic by definition.
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