Dashboards
Dashboards are tools that present a business's most critical data and performance indicators (KPIs) on a single screen, in an easily understandable visual format. Dashboards provide more dynamic, summary and visual information. Similar to a car's dashboard, it instantly displays the most important information such as speedometer (sales rate), fuel level (cash flow), and engine temperature (production efficiency) so that a business manager can quickly make due diligence.
The main purpose of dashboards is to help managers and employees make instant decisions by simplifying complex data. Rapid due diligence, accelerating the decision-making process, performance monitoring, etc. are the basic service purposes. Dashboards and reports are complementary tools, but they serve different purposes. A dashboard provides quick due diligence by showing sales are up 15% this month. A report performs detailed analysis by presenting detailed tables showing which product groups, regions and customer segments this increase comes from.
