Having to gather, review and interpret massive amounts of data can be overwhelming for anyone no matter how much of a ‘data junkie’ you are. Its labour intensive, repetitive and means you are wasting time producing information that can be automatically generated by a dashboard.
The main reason for a dashboard is to allow instant and precise data to be displayed in a way that means interpretation is easy and informed decisions can be made quickly.
Many systems do use Dashboards to display their important information specific to that systems, however quite often businesses lack and an important component- a centralised dashboard.
Here are 3 simple reasons to use a centralised dashboard!
1. Pull data from multiple sources
In most instances a business will manage multiple data sets across multiple channels. Whether that’s financial accounts information, marketing analytics or sales data. But often this data may need to be interpreted across the data sources. Which often happens in excel.
Let’s be honest here, marketing data could be cross referenced with sales, as should financial accounting. This data management can form budget analysis and trend analysis across a business. But using excel is timely and can massively increase risk for human error. A centralised dashboard will plug into your multiple data sources and extract exactly what is necessary for your business performance analyses. Allowing you to save time and have clear and concise data at the end.
2. Continue using your existing systems
Having a centralised dashboard means that you can still benefit from using the systems that suit your business. Often medium and large businesses look to purchase the ‘we can do everything’ kind of system, which is great as all business data is in one place. But also means that each element may not be the best version- it’s often a toss-up and having a software that is excellent at all areas is difficult to find.
Having a centralised dashboard that plug into your existing systems means that you can keep using the systems that work for you. But connect them up to one place when data needs to be analysed across departments.
3. The exact data you need
Another major positive of using a centralised dashboard is that you can have the exact information that you need. As mentioned above many systems will have their own data displaying methods, but these are all out-of-the-box solutions that may display information that isn’t relevant to your business.
One dashboard designed to suit your business means that you can get rid of what’s not important to you and focus on the metrics that can really create business impacts. In fact, you could even departmentalise this too- so that different team members see different data sets- whatever is important to their day to day work.
This is also perfect if you have a Group or CEO to report to. Being able to conduct a board meeting or strategy session around a dashboard allows discussion to be more focused and visual. And again means that preparation for these meetings is massively reduced.
If your business is struggling with joining us disparate data from various areas or you take too much time with data analysis, then we have a product that can solve your problems.
Q2Q Sofia is a centralised dashboard product that is designed to fit your business. Give us a bell on 01524 581 690 or email [email protected] quoting Q2Q Sofia for further information!