Dashboards software provides a standardized environment within which managers and executives can explore data visualizations of key company data. These Key Performance Indicators (KPIs) are made up of charts, reports and contextual elements that make up the dashboards software. Management dashboard software has seen a great deal of adoption over the past few years especially in larger organizations. There are several ways to deploy dashboards software, but the preferred method involves using business intelligence software to create the dashboards that will be deployed company-wide.
Value of Dashboards Software
The value of dashboards software comes primarily from its ability to provide managers with easy to visualize, easy to understand representations of how the business is performing. Balanced scorecards are a popular and very useful form of dashboards software that provides a 360 degree view of the tactical operations of the business in relationship with strategic goals for the organization. Through the use of dashboards software companies can better understand what is happening to the business and where the threats and opportunities arise.
Deploying Dashboards Software
In order to deploy dashboards software there are a number of steps. The first and often most critical step is to understand what metrics are important to the organization. The data that is presented in the dashboards software will only be valuable if it represents metrics that the company needs. For example, a company that relies heavily on maintaining a close check on accounts receivables will want to track a KPI like average days outstanding on its dashboards software. Companies that on the other hand do their business on a credit card or up front payment basis will not.
Selecting Dashboards Software Components
In order to deploy dashboards software the next step in the process is to select the back-end system that will deploy and allow the dashboards software to be implemented. This is an area that is highly contested and that can provide a great deal of confusion about the process of deploying dashboards software. While there are multitudes of ways of presenting the dashboards, in order to provide the easiest means of deployment, management and long-term value, the best solution for dashboards software back-ends is usually a business intelligence suite. Business Intelligence software can be used for the creation and delivery of dashboards software.
Tying Dashboards Software with Business Intelligence
While dashboards software and business intelligence software do not need to be one and the same there are ways of making the two work together that make the process easier. One of the best ways of using business intelligence (BI) with dashboards software is to use technology called web services. Through web services the BI software can "publish" charts and reports with full interactivity for use in the dashboards software.