An Executive Dashboard is a visual representation that offers executives a fast and easy way to view their information and company data in real-time. Dashboards are a means of showing information for performance management and analysis. They are built on operational data and enable organizations to gauge, monitor and manage business activity using various measures. They also allow organizations to perform what-if analysis and forecasting so that strategies and activities can be tweaked to optimize performance.
How Executive Dashboards Work
Executive Dashboards work by connecting with the business systems your organization currently utilizes. These systems can include your accounting software, your customer relationship management (CRM) system, your email, your website analytics program, and much more. The executive dashboard will then display a number of different items on one screen to make it as useful as possible.
The Executive Dashboard pulls all this information into one place eliminating the need to log into multiple systems. It also enables manipulation of the data so the information is in a more easily accessible format.
Executive Dashboards work by connecting with the business systems your organization currently utilizes. These systems can include your accounting software, your customer relationship management (CRM) system, your email, your website analytics program, and much more. The executive dashboard will then display a number of different items on one screen to make it as useful as possible.
The Executive Dashboard pulls all this information into one place eliminating the need to log into multiple systems. It also enables manipulation of the data so the information is in a more easily accessible format.
Effective Dashboards
For an executive dashboard to be most effective, it must be built and developed alongside the end user or at least with them in mind. This is so the metrics displayed can provide value to the individual using it, allowing them to find actionable insights and encourage better decision making. As such, every business might have a number of different dashboards tailored to several groups of information users.
Another benefit of an executive dashboard is the added ability to bring insight, analysis and action together, by enabling users to perform drill downs into the data and find the answer using just a few clicks.
Executive dashboards are becoming the “must have” business intelligence technology for executives and business users. While dashboard solutions have been around for over a decade, it isn’t until recently that there has been resurgence in popularity due to the advance of enabling business intelligence and integration technologies.
The Litcom approach
An executive dashboard allows you to better manage your business, and thus improve sales and profits. For more information on how Litcom can assist your organization to develop the right executive dashboard for your business, please click to learn more about our Data Visualization services or contact us at: info@litcom.ca.