What Is The Purpose Of Dashboards?
Weird question! Isn’t it? Any modern car dashboard must make driving easy. The information should be right in front of you and when you need it. Now, let me share a bizarre observation! Senior Managers of many Small and Medium-size Enterprises operate without Executive Dashboard. The Executive Dashboard provides a real-time visualisation of all business activities.
But many Executives still rely on old-fashioned reports. Such reports often supply lagging indicators and historical information. It is equivalent to running a Tesla with a vintage car Dashboard. It is painful to see organisations spend thousands of dollars on Enterprise software. Still, Senior Managers do not have any decent Executive Dashboard. If you are operating without a Dashboard, you must continue reading. Are you underestimating Dashboards? Think again!
Executive Dashboards help you to focus on the things that matter and when they matter the most. You take control with a holistic view of the Business. The Dashboard helps in:
Operational Excellence: You gain insights on your team’s performance, throughput, and quality. You access your reminder and To-do list. So, there is no need for emails and posted notes.
Risk Management: The Dashboard supplies a helicopter view of the Business for executive governance.
You can review insights on Operational, Regulatory and Compliance risks.
The Dashboard helps to check and control day-to-day activities. It allows you to mitigate risk and manage issues.
Decision Making: Dashboard provides data insights. You can visualise trends and forecast. They help you to make informed decisions.
Continuous improvement: You improve process and procedures through continuous improvement. The Dashboard is the guiding and evaluation tool. Based on the real-time insights, you can view what works and what does not. You learn, adjust, and continue to improve. Read more..
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