Tuesday, October 8, 2013

What is a Dashboard?


A dashboard gives you a display of the most important information of a company. It shows you the objectives you need to achieve consolidated to a single screen. This is so the information can be easily monitored at a glance. So in essence it is just a single page comprising of a businesses most important performance indicators. It helps not only executives, but the general workforce to see where the business is under performing and areas where they need to work on, or areas they are doing well in. 

The essential goal is to have it all on one page for easy access, just like the dashboard of your car. The dashboard in your car is there for you to look down at quickly and know what is going on in your car (such as check engine lights or speedometer). A businesses dashboard works essentially the same way. It's primarily used to find correlations, trends, outliers, patterns, and business conditions in data.

- Have any of you ever heard of dashboards before?
- Have you ever seen a businesses dashboard, or used one before?
- What could be some potential problems with a dashboard?

http://www.dashboardinsight.com/articles/digital-dashboards/fundamentals/what-is-a-dashboard.aspx
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2 comments:

  1. UnknownOctober 9, 2013 at 8:45 AM

    I have never heard of the term dashboard before used in business. I am sure I have seen a dashboard used before, but didn't know the term. Some problems that could arise using a dashboard, that a company becomes too reliant on the information from the dashboard that they do not use other reporting methods to compare information and make important choices.

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  2. Brandon OgleOctober 9, 2013 at 11:46 AM

    I have heard of the term "dashboard" many times in the past. Personally, I have never used a dashboard, but I know it is a key tool showing many major performance indicators for a company. Some potential issues that could come from using a dashboard is businesses won't look at the market averages as much and just view their data. This won't let the company see how their results stack up with those of their competitors.

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