Dashboard software has become an important corporate tool in larger organizations. The ability to provide critical information that all business owners need to track at a glance has made these programs extremely popular. However, as cloud technologies advance, a growing number of dashboard applications are becoming available to small and medium-sized businesses. In today’s article, we are going to talk about Dashboard software and how you can leverage it to take your website engagement to new heights.
Table of Contents
What is Dashboard Software?
Dashboard software is an information management tool that tracks, collects, and presents corporate data in interactive and customized representations that allow users to monitor a company’s health, analyze operations, and gain actionable insights.
Anyone on your team can produce charts and automatic reports right away and share them with the proper decision-makers, thanks to professional business dashboard software. Any team member, from the CEO to the junior manager, may find, visualize, present, and share data in any way they see fit. Whether you’re looking for important customer KPIs or sales figures from the previous month, the information you need is just a few clicks away.
Although higher management has had access to these dashboard tools for years, this unprecedented level of access democratizes decision-making and involves every employee in the bottom line. Let’s look at the most important advantages of using such software.
Advantages of Dashboard Software?
Dashboard reporting solutions give various useful benefits when using the correct tools and knowledge.
- Provides Instant Visibility
Even the most complex data is easy to understand and interpret with good BI software, which also delivers on-demand visibility and insight. Rather than waiting for monthly reports from data analysts, a dashboard shows real-time data so you can follow the development and changing conditions of a department or business operation.
- It Saves Time and Money
Businesses without Billing and Invoicing software spend numerous hours going into systems to run and format individual reports, or they rely on IT employees to do so for them. By providing current findings for each report, dashboard reporting saves time and resources.
- Enhances Decision-Making Abilities
Businesses can make quick judgments and take action thanks to instant access to at-a-glance data. There’s no need to ask developers for data, wait for it, receive the report, and then try to take action. On the other hand, dashboard reports are fast and easily shared among users, allowing for the free flow of information between critical actors.
- Checks and Balances for Easy Performance
You don’t have to wait months to spot problems with your team or employees’ performance. Employees will instinctively improve their performance when they realize that a data dashboard can track their performance in real-time, even if it’s merely to “remain below the radar.” You and your team can use BI software to track progress, achieve specific objectives, and improve individual performance.
- Evaluation of Current Progress
How long does it generally take to measure the impact of a new policy or procedure once it is implemented? You can observe the effects in near real-time with a good business dashboard in place, assessing goals-against progress as you work to enhance your processes.
Types of Dashboards and How to Choose One for Yourself?
Dashboards are classified as operational, strategic, or analytical. But how can you know which one is best for your company?
- Operational dashboards show you what’s going on right now.
- Key performance metrics are tracked via strategic dashboards.
- Data is processed using analytical dashboards to find trends.
Let’s take a closer look at each one.
Real-time or transactional data is monitored against important indicators and KPIs using an operational dashboard. Data on operating dashboards are updated on a regular basis, sometimes even every minute!
Operational dashboards are intended to be used in conjunction with your daily workflow. Contextual information is frequently included in operational dashboards so that users may investigate the data and apply it in decision-making.
Executives utilize strategic dashboards to track the progress of KPIs. The data on the strategic dashboard is updated less frequently than that on the operational dashboard.
To help executives keep on top of organizational KPIs, strategic dashboards are designed to be seen once a day. Strategic dashboards are frequently used to summarise performance across time (month, quarter, year).
Large amounts of data are analyzed using analytical dashboards. This allows users to look into trends, predict outcomes, uncover insights, and set goals based on past data.
Traditionally, data analysts produced and constructed analytical dashboards, but the rise of no-code or low-code analytics solutions like PowerMetrics has provided everyone with the tools and resources needed to create an analytical dashboard, from marketers to founders and executives.
For the best results, combine all three dashboard types
Now that you’ve learned more about each form of dashboard keep in mind that if you follow excellent dashboard design standards, PowerMetrics can support all three types of dashboards, depending on how you build it.
Now that we have what to look for in good dashboard software let us look at some viable options for your company.
Top 3 Dashboard Software of 2022
Alteryx is a sophisticated business intelligence program that consists of three key components: gallery, server, and designer, which collect data from many sources and generate reports. It uses encryption to ensure data security and only gives authorized users access. It collects data from several sources and uses a programming tool to convert the data into information. A variety of predictive technologies are used to provide reports based on data analysis. It allows for extensive customization and customization, as well as file sharing among several users.
Features of Alteryx
- Any data type or data source
- Data preparation, blending, and analytics using drag-and-drop
- All in one report, prediction, prescription, and spatial analysis
- Data science with no-code and low-code integration
- Insights into any format or app via automated publishing
- $2300 per user per year for Intelligence Suite
Free Trial, Subscription, and Quotation Based
Databox is an innovative dashboard that is excellent for all types of enterprises to properly manage their business demands. Customers can see all of their performance data in one place with Databox, which means they can spend less time checking data from various sources, preparing reports, and processing data more. Anyone without coding or design expertise may use its DIY Dashboard Designer tool to extract the indicators they need, show KPIs in multiple ways, and create beautiful dashboards. Users can also create goals for specific metrics from any of Databox’s 70+ brand integrations or any other data they integrate. Databox also sends out job reminders and performance updates to the firm.
Features of Databox
- Visual Analytics
- Public Dashboard
- Predefined Templates
- Interactive Dashboard
- Data Security
- Data Integration
- Key Performance Indicators
Free Trial, Freemium, Subscription starting from $135/ month billed yearly.
Geckoboard is a smart dashboard designed to help you organize and show data from spreadsheets, databases, and apps in the most visually appealing way possible. Companies may assist their staff in understanding and improving their performance by employing real-time measurements. You can quickly construct real-time dashboards with more than 60 connectors to allow your team to understand the impact of their work right away and make corrections independently. With Geckoboard, owners can now display everyone in the organization the development of the entire business, as well as the progress of reaching high-level goals and a vital overview of key performance indicators and company goals.
Features of Geckoboard
- Volume dashboards & users
- All 60+ data sources
- All our standard features plus early access to upcoming features
- Advanced dashboard theming
- Single sign-on (SSO)
- Manual Billing
- Dedicated support rep & onboarding services
Subscription starting at $29/month billed yearly and Quotation Based.
The advantages of a well-designed dashboard almost definitely outweigh any disadvantages. The ideal business dashboard will safely and automatically connect users to the data they require in real-time or as near to real-time as possible. Users can use dashboard technologies to not only obtain essential information whenever they need it but also to act fast on it.