How dashboard data helps making decisions:
In any enterprise, most managerial decisions are based on data. But it’s hard to conclude results, look for trends, and spot changes when data is in its raw form.
When data is presented in an organized format with references it is normally called a report. Most of these reports are generated on request and are not instantly available. A Dashboard is a collection of one or multiple reports quickly available in a user defined format that exactly gives user what he wants to know.
Analytical strategies require a clear understanding of operational performances. To run business operations on high level performance and to respond rapidly to the changes and updates many organizations are turning to custom software utilities to collect, manage and use information in a meaningful way that is according to their business missions including dashboards.
Startups and medium size organizations are looking for systems those provide off-the-shelf dashboards, http://v1.erp.gold has been a choice for lot of small and medium size companies as it offers dashboard reports from all aspects of the business including CRM, ERP, Accounting and marketing in one spot as compare to Salesforce.com or QuickBooks dashboard reporting which are limited to their area of operation.
Business Intelligence tools are more than simple graphical display of statistical data
Taking dashboard to a next level, Business Intelligence Solutions provide predictive analysis on the basis of trends and are capable of making decisions to immediately respond to the changes, which helps to grow your insights into your business goals . If you have a strong and determined strategy for the evaluation and monitoring of your programs but you are struggling to make a best use of your data and to analyze it in a productive manner, one of such tool might be a best fit for your organization.
George Herbert says
“Do not wait; the time will never be ‘just right.’ Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along “
But first let’s take a closer look that how they work and what can they offer.
What Business intelligence Tools Offer???
BI tools have gain popularity in business world and are necessary to attain a competitive edge and to expand your vision. The most promising features of BI software are
Data Integration
Flexibility
Distribution and Report Generation
Better Illustrations
Many big enterprises have data that is sorted in multiple distinct information sectors. For example they have separate databases for client information, financial information and operational information. Now the question is: can we bring in one BI tool that handles all those systems? The answer is yes but with a huge cost, so if you are searching for a new ERP system look for a system that has everything on one platform.
BI tools go far beyond bar graphs and pie charts, and can produce better graphical representations like scatter plots and spark-lines that show thousands of data points, and projections that undertake different input set-ups.
Considerations
Business intelligence tools can give you an ease from lot of troubles associated your business program’s evaluation and monitoring. It will analyze your data strategy and customization along with making reliable decisions that will benefit your organization in a long run.
