Building an effective dashboard with Business Intelligence

The dashboard is an essential tool for effective management of a company. Dashboards must display several parameters necessary for decision-making. There are several types of dashboard, depending on how you use them, and there are a few important points to follow to create an effective dashboard.

What is a dashboard?

A dashboard is a table in which various data concerning the company should be presented in the form of indicators. These are considered to be control points for the company’s progress in relation to the objectives it has set itself. They also allow you to monitor the essential variables of your company. In simple terms, it is a tool that offers the possibility of making necessary and effective adjustments within the management of the company to achieve its objectives. A good dashboard must be a versatile tool that you can customise to ensure better management and perfect steering of your company. Be aware that setting up such a dashboard requires considerable knowledge and experience. If you feel you do not have the necessary skills, it is better to get help to avoid wasting time and money. There are companies that specializes in this field, such as TOUCAN TOCO. The company develops easy-to-use yet effective dashboards.

Different types of dashboards

There are three main types. There is the budget, strategic and operational dashboard. The role of the first type is to highlight the differences between the objectives that have been set in advance and the actual state of affairs. It is important to keep it up to date in order to detect possible anomalies in time. The strategy chart focuses on the performance of the company. It takes into account the turnover, the number of customers and the proportion of their purchases as well as the profitability. It is a long-term steering tool. Finally, there is the operational table, which makes it possible to accurately monitor the execution of the various tasks and services. Don’t hesitate to contact the experts at Toucan Toco for details on how to set up these charts for your company.

Learn how to build an effective dashboard with Business Intelligence

For a well-designed dashboard, it is important to test the dashboard regularly beforehand. It is also important to set up the dashboard with a context for specific users. Avoid overloading your table, it is advisable to make them as clean as possible to facilitate reading. It is necessary to integrate Business Intelligence (BI) type dashboards into business procedures. Finally, you should not neglect the stage in which you have to develop your table according to a period that you have decided. If you are not familiar with all these processes, consider seeking advice from the experts at Toucan Toco.

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