Data Dashboard
Data is all around us, and it has changed our lives in many ways - including in the fast-paced world of business. Digital data empowers organizations across sectors to improve their processes, initiatives, and innovations using the power of insight. But with so many stats, facts, and figures in today’s hyper-connected age, knowing which information to work with can seem like a minefield.
A data dashboard is a tool that provides a centralized, interactive means of monitoring, measuring, analyzing, and extracting relevant business insights from different datasets in key areas while displaying information in an interactive, intuitive, and visual way.
They offer users a comprehensive overview of their company’s various internal departments, goals, initiatives, processes, or projects. These are measured through key performance indicators (KPIs), which provide insights that help to foster growth and improvement.
Online dashboards?provide immediate navigable access to actionable analytics that has the power to boost your bottom line through continual commercial evolution.
To properly define dashboards, you need to consider the fact that, without the existence of dashboards and?dashboard reporting?practices, businesses would need to sift through colossal stacks of unstructured data, which is both inefficient and time-consuming. Alternatively, a business would have to ‘shoot in the dark’ concerning its most critical processes, projects, and internal insights, which is far from ideal in today’s world.
Now that you understand a clearly defined dashboard meaning, let’s move onto one of the primary functions of data dashboards: answering critical business questions.
What Is The Purpose Of A Data Dashboard?
As mentioned earlier, a data dashboard has the ability to answer a host of business-related questions based on your specific goals, aims, and strategies.
By taking raw data from a number of sources and consolidating it before presenting it in a tailored, customized visual way, data dashboards can help make sense of your company’s most valuable data and empower you to find actionable answers to your most burning business questions.
Through linking with specific KPIs that align with your business goals, you can drill down into specific pockets of information, creating benchmarks, and measuring your success on a continual basis.
In doing so, your business will be data-driven, and as a direct result – more successful. To find out more about dashboards and key performance indicators, explore our ever-expanding collection of various business-boosting?KPI examples?and templates.
Top 20 Data Dashboard Examples
1) Management KPI Dashboard
Our first data dashboard template is a?management dashboard. It is a good example of a “higher level” dashboard for a C-level executive. You’ll notice that this example is focused on important?management KPIs?like:
2) Financial KPI Dashboard
Maintaining your financial health and efficiency is pivotal to the continual growth and evolution of your business. Without keeping your fiscal processes water-tight, your organization will essentially become a leaky tap, draining your budgets dry right under your nose.
As one of our most widely used?financial data analytics?tools, our financial KPI dashboard will tell you all you need to know about your business’s ongoing fiscal health by offering digestible visualizations on every key financial area of the business.
Here, you can analyze cash conversion cycle efficiency and vendor payment error trends while examining budget variance trends and breaking down existing assets as well as liabilities.
Through careful monitoring of this most insightful of examples, you will gain the power to spot emerging trends, troubleshoot any financial issues before they harm the business, and enhance your supplier relationships.
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When you can access your working capital calculations ‘at a glance,’ monitoring your company’s overall financial health on any given day, week, or month will become a swift, simple process, giving you the time and space to develop initiatives to grow the business.
3) Sales Cycle Length Dashboard
This?sales dashboard?below is a sales manager’s dream. This dashboard example breaks down how long customers are taking to move through your funnel, on average. It expands on this by showing how different sales managers are performing compared to one another.
Finally, it makes things even more nitty-gritty by breaking down these?sales KPIs?into how many people are at each stage of the funnel and how long each stage lasts on average.
4) IT Project Management Dashboard
In many ways, your IT department is the backbone of your business - it’s what keeps your business operational.
Most IT operatives are overstretched and under pressure, but by working with the right data visualizations, you can give your department the tools to become smarter, more efficient, and more impactful.
Our IT project management dashboard offers a wealth of at-a-glance insights geared towards reducing project turnaround times while enhancing efficiency in key areas, including total tickets vs. open tickets, projects delivered on budget, and average handling times.
All KPIs complement each other, shedding light on real-time workloads, overdue tasks, budgetary trends, upcoming deadlines, and more. This perfectly balanced mix of metrics will help everyone within your IT department balance their personal workloads while gaining the insight required to make strategic enhancements and deliver projects with consistent success.
By consolidating every key piece of information in one central place, every member of your IT team can get on the same page, working cohesively to resolve emerging issues with maximum efficiency while helping one another tackle the various stages of every vital IT project with complete confidence.
5) Procurement Data Analytics Dashboard
Procurement, a strategic function that connects the needs of a company with contractors, suppliers, freelancers, or agencies, e.g., serves as a critical component that requires up to date data, easy monitoring processes, and advanced automation capabilities that will optimize the procurement department and save countless working hours.
It's imperative to track the supplier management processes in the most efficient way, otherwise, companies risk losing precious information and face difficulties in short-term as well as long-term business operations. That's why a?procurement dashboard?helps professionals to easily understand large volumes of data and extract meaningful insights within minutes.
This example focuses on supplier delivery management and stats about the performance. At the top, we can see a quick overview of the defect rate, on-time supplies, supplier availability, and lead time in days. The defect rate should be low as possible, as this is one of the?procurement KPIs?that measures how many products received are not compliant with product specifications but also don't meet quality standards. After all, the final quality of the product is an essential indicator of the suppliers' reliability since higher amounts of defects would mean more bottlenecks in the entire process.
The details of each suppliers' defect rate and defect type are visualized on the bottom left, where you can see how well the top 6 suppliers have been performing. Supplier number 1 is considered the most reliable since the defect rate is quite low and the type of defect has no impact on the product so there could be issues in delivery processes or payments.
You can also compare the delivery time between different suppliers and take a look if there are additional possibilities to negotiate faster deliveries. In this case, you can see that supplier number 4 has never been late, although it has fewer early deliveries in comparison to supplier numbers 1 and 2.
With the help of detailed monitoring processes, each industry professional or manager can build and automate a comprehensive?procurement report?that will optimize the supplier delivery mechanisms and increase the productivity levels of everyone involved.
6) Web Analytics Dashboard
If you use digital marketing heavily in your business, this?marketing dashboard?below will soon become your best friend. Focused on web analytics, this example will provide you with substantial visualizations that you can dig deeper into and examine all web-related marketing data.