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What is a dashboard and why do businesses need them?

Dashboards provide data in the form of a graphical user interface. Key performance indicators or KPIs are typically displayed in easy to read graphs. Dashboards are usually displayed as a web page and provide real-time data that is constantly updated. Real-time data is available because dashboards are linked to databases where the raw data is stored.
Although dashboards were introduced in the late 1970’s, they did not become popular until the late 1990’s and have become increasingly popular is businesses ever since.
Digital dashboards allow executives and managers to monitor the contribution of the various departments in their organization. Determining how well or poorly and organization is performing is easy with dashboards.
Benefits of Dashboards include:
Capturing and reporting specific data points allow you to identify and correct negative trends.
Measure efficiencies and/or inefficiencies
Make informed decisions based on collected businesses intelligence

Gaining visibility of all systems instantly

Dashboards can be broken down into a few different categories.
Strategic dashboards support managers at any level in an organization and provide the quick overview that decision makers need to monitor the health and opportunities of the business.
Dashboards of this type focus on high level measures of performance, and forecasts. Strategic dashboards benefit from static snapshots of data (daily, weekly, monthly, and quarterly) that are not constantly changing from one moment to the next.
Dashboards for analytical purposes often include more context, comparisons, and history, along with subtler performance evaluators. Analytical dashboards typically support interactions with the data, such as drilling down into the underlying details.

The design of a dashboard is dependent on an organization’s needs.
Examples of design include:
Line Graphs
Bar Charts
Pie Charts
Tree Maps
Histograms
Box Plots
And
Heatmaps

Social media dashboards may reflect data based on follower count, page likes, or other social interactions. Human resource dashboards may show numbers related to how many open positions a company has, days open positions are available, or current number of employees.
Businesses need dashboards because they provide data for better decision making, save executives and managers time, and improve goal setting.
For all of your data management needs, feel free to visit us on the web at www.radiusbridge.com or give us a call at (800) 407-5668


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