In today’s data-driven world, businesses are generating more data than ever before. This data can be a valuable asset, but it can also be overwhelming and difficult to make sense of. But what’s the need of establishing dashboards when you already have reports set in place ?Imagine that you are in a library, surrounded by thousands of books, each filled with a wealth of knowledge and information. These books hold the answers to countless questions, but there’s a catch all this information is scattered throughout different books at different places. The library is vast, and the information is overwhelming. And thus, you are unable to interpret the insights hidden within those pages. A similar analogy can be seen with business data as well. There are several business reports consumed each day whilst managing business operations. While these are necessary, they become too overwhelming, especially for business owners/entrepreneurs and the key decision makers. Think of it as trying to navigate through a crowded territory without a map. This is where dashboards come into play. Much like a map that simplifies the complexity of the surroundings, dashboards simplify complex data. A dashboard is a visual representation of data that helps users to quickly and easily understand the key metrics and trends of their business.
Dashboards can be used to track sales, marketing, operations, customer service, and many other pillars of a business. By simplifying complex data into easy-to-understand visuals, dashboards can help businesses to identify problems, improve performance, and make better decisions.