Visualization is the process/technique of creating images or charts to represent the data and to communicate the meaning of the data through it. Visualization is done by two primary ways, by hiring third party specialists or by using visualization tools. There are different dashboard products available in the market and the ideal software depends on the need of the project. There are different dashboards and they have their own merits and demerits. They need to be assessed and evaluated from the requirement’s point of view.
Task/Role
My company is in the process of purchasing a dashboard product, and has assigned me the task to give them the suggestions about different dashboard which would cater the needs of the company.
Approach:
My
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The availability of inbuilt dashboards serves the purpose and limits the learning time. The data could be imported from any source and can also be multi-blended from two or more sources at the same time to get the exact insights.
Merits:
• The scope of the software is high, as exact insights could be created by multi-blending and the installation is also quite simple.
• Everything has been centralized on two tools, which makes it very easy. The architecture execution is centralized and reports and queries are prepared in this manner.
• Reporting is advanced, the availability of multiple graphic formats in a unified interface helps to create reports seamlessly. Navigation dimensional integrated reporting is also available.
Demerits:
• The technical complexity is too high and many of the high level features are not used in any enterprise environment. The design of the documents is too complex as well, which leads to different results based on the type of visual presentation.
• Less number of techniques for data mining, predominantly it uses only one technique.
DOMO
It has a slick user interface and is an online business intelligence tool mainly developed to build sophisticated dashboards without much involvement from IT. It serves as a good substitute for the companies who are in short of IT human resources. The dashboards that are created in Domo can
If we take an example of retail industry dashboards can be beneficial in analyzing the customers’s buying behaviour and analyzing the market situations. Retailers who use data to drive decisions run more efficient businesses and are more change-ready than others. Customized Dashboards offers solutions that can help retail industry visualize the market situation,increase customer satisfaction, reduce
Think of an operational dashboard as monitoring the nerve center of your operation. Operational dashboards often require real-time or near real-time data
Dashboard is a data visualization tool that displays the current status of metrics and key performance indicators (KPIs) for an enterprise. Also, dashboard consolidates and arranges numbers, metrics and sometimes performance scorecards on a single screen. They may be tailored for a specific role and display metrics targeted for a single point of view or department. The essential features of a dashboard product include a customizable interface and the ability to pull real-time data from multiple sources. An Executive Dashboard gives a clear picture of the data and the insights visually to the corporate executives.
In today’s companies, the analytics software plays the important role and guides the future activities to a great extent.
An executive dashboard enables your company to make sense of an immense amount of data and make fact based real time decisions. The data allows decision makers to get a big picture understanding of the company by comparing metrics and determining where enhancements are needed. The dashboard enables you to combine
Currently, the dashboards I’ve created have not been successful in their goal because instead of providing actionable insight, they have simply been regurgitation and filtered views of the data. Due to my lack of a full understanding of the data and the business they have not provided the actionable insight, have left the interpretation to the Executives and are siloed to only
QLik – Based in Radnor, PA – Qlik’s Business Intelligence solutions allow the use of collecting real time data as well as data visualization and analytical processes. The platform can be tailored to a specific business function or industry for simplified customization. The platform does not require a data warehouse and can incorporate all of the user’s data into Qlik’s indexed data engine. It is a self-service analytics and visualization tool that simplifies data exploration for the novice to experienced users.
The dashboard should be viewed as a platform that helps drive decisions. Here is where the trinity mindset discussed in Kaushik’s blog ‘Occam’s Razor’ can help us design better dashboards. “Actionable Insights & Metrics are the uber-goal simply because they drive strategic differentiation and a sustainable competive advantage.” (Kaushik, 2006)
A management dashboard developed with the help of SAP shows how smoothly a critical process is running at a certain point in time. Information from the dashboard helps Burtons users identify inconsistencies a problems that should be monitored more closely.
Since my last interview, I have been able to start creating dashboards in informer for the Academic Support unit.
The executive dashboard focuses on the key performance indicators of the business and target audience is the top management of the company. At a glance, it should provide the business performance information to the management board of the company. The main difference between executive dashboard and other dashboards lies in the simplicity in the presentation and organization of the data. It should be very easy to read, flexible and be insightful to the management to take decision.
Part 2. How Business Analytics can be used to gain advantage in a competitive marketplace
Effective Dashboard allows measuring the performance in a periodic way so that by the results naturally work harder to improve their performance and results.
In order to continuously improve and progress as an organization, people need to observe, communicate and sharing information. The visual management is a strategy that make information easier to interpret and immediately available. Is such an intuitive strategy, many people don’t even realize that they used it in their daily lives and despites this prevalent outside of work place most of organizations don’t know how to take follow advantage of it. The simplicity of visual management causes many people to overlook its usefulness.
This report is an analysis of business intelligence systems currently available to our business. As an introduction, I will address in general terms why we need to purchase a business intelligence system and how it will aid our business. Then I will discuss several applications in detail, paying particular attention to the information and analysis capabilities of each, and the hardware and software required for each. Finally, I will conclude with a short evaluation of the products discussed and offer a recommendation as to the best application for our business. I will pay particular attention to IBM, Microsoft, SAP, and Oracle.