Companies have too much data, but not the right tools to analyze it all.
In the May 2020 issue of Twin Cities Business, is an article written by Gene Rebeck, entitled “High Tech Advantages”. The focus of the article is how new technologies offer efficiencies for businesses to better meet their customer needs.
One interesting comment is “We live in a world where businesses find themselves drowning in data.” The challenge, then, is to make sense out of that data. This highlights the importance of dashboards for business software.
The word ‘dashboard’ means a lot of different things to different people. So let’s define it here. A software dashboard is a tool to make the interpretation of vast quantities of data quick and easily digestible. “At a glance” is the key idea here. As soon as that dashboard opens up, an owner or CEO or manager, can assess the health of the business by observing the top metrics which drive success.
When we build dashboards for companies, because we are in the business of creating customized software, we also customize the dashboard. We ask for the top three to five metrics which are critical for measuring business health and success. This dashboard provides the primary indicators of what is happening in the business.
Some examples of this might be a bar chart showing the status of the four stages of the prospecting funnel and the quantities of Leads, Prospects, 1st Meetings, and Proposals at each stage. It could be a pie chart showing sales by key divisions. It could be a comparison line graph showing production totals over the last four years. It may not be all bars and graphs; sometimes it can simply be a list of the key totals for various stages; or the number of clients being served.
The main point is that dashboards take all that data in which companies are drowning, and makes quick sense of it all.
We do this for our clients at HighPower Data Solutions.
We also do this through our premier project tracking software, HighPower Projects.
If you need to start making sense of all the data, contact us.
~ William