Why Small Businesses Need A Business Intelligence Dashboard

The Business Intelligence Dashboard

As a small business owner you would certainly know the importance of collecting and analyzing data pertaining to your business and transactions. Business Intelligence dashboards allow not only experts but you also to access information generated by analysis of data through a convenient display. Anyone in the company can have access to business performance metrics which assist them to channelize their behavior and efforts to achieve better results.

Before we proceed to learn more about the benefits of business intelligence dashboards, let us first know what essentially is a business intelligence dashboard?

A BI dashboard is a visual aid that simplifies and conveys complex information in a decipherable manner to its users. Small businesses can make use of graphs, search charts and other rich options which can be customized to a certain scenario to allow the user get a perfect preview of the sales and other variables in the business. In a nutshell, a BI dashboard reveals to a business what is driving its success or failure and where does the business stand.

Having understood what a BI dashboard is, let us delve deeper to understand its importance for a small business:

Deeper transparency

A BI Dashboard is an ace tool for a business to see what forces are driving it at any given point of time. The owner can pinpoint what is working and what is not without having to wait for the quarterly or monthly report. How well has a particular campaign worked, what has led to its failure or success, what has been the click rate on a particular banner, how many of those who clicked converted etc.

Time is money

In half the time as what will be taken by a staff person to create a report, refine it and present it to you, a Business Information Dashboard can give you the same information and also allow you to change it dynamically to suit the situation. A BI dashboard can be programmed to update automatically and provide the past reports too as reports keep building up.

Better results

When you dive deeper into the dashboard, you as a business owner can address the key performance indicators that will be most instrumental in improving your business operations. This will obviate the possibility of you chasing the wrong ones which may completely take you off the track. Dashboards indicate an improvement and downfall in business activities through a visual cue giving you an idea of the factors you should focus on.

Decreased stress

Dashboards can send you daily updates based on what you program it to generate. Such reports can be further programmed to produce certain designated KPIs only rather than giving you all inputs at once. Business Intelligence dashboard can make available profit, sales and service results over time as well as comparisons that give valuable business intelligence resulting in easy management of business assets.

Upping productivity

With a business intelligence dashboard, you can know certain KPIs such as speed of answering phone calls, return rate etc. which can exponentially enhance the productivity of your business.

Having read the benefits of a BI dashboard, it is certain that you are convinced of it being a fair dinkum tool for a small business. It is wise to make use of a business information dashboard to enhance your business productivity and take its reins in your hands, lest your business may chuck a wobbly and spiral out of your control towards irreversible damage

By Anthony Marion

Anthony is the business development manager at LogicalTech SysTalk, the largest dedicated BizTalk consultancy and provider of Enterprise Architecture solutions based in Melbourne, Australia.

Kelly Dyer

Healthcare Data Security: Why It Matters

Healthcare Data Security Today, electronic healthcare data exists at every point along a patient’s journey. So frequently is it being processed, accessed, and shared between multiple providers, that we’d be forgiven for forgetting the highly ...
James Corbishly

Addressing Teams Sprawl in the Remote Workspace

Teams Sprawl in the Remote Workspace As working from home has become the new everyday norm, with more employers embracing the remote-work model as a new and likely permanent fixture of the employment world, there ...
Fernando Castanheira

How the Shift to Hybrid Work Will Impact Digital Transformations

The Shift to Hybrid Work Before COVID-19, most enterprises had a digital transformation in flight, but the pandemic threw those programs into hyperdrive. Scrambling to accommodate workforces that were suddenly working online and mostly from ...
Threat Security

Azure Red Hat OpenShift: What You Should Know

Azure Red Hat OpenShift: What You Should Know What Is Azure Red Hat OpenShift? Red Hat OpenShift provides a Kubernetes platform for enterprises. Azure Red Hat OpenShift permits you to deploy fully-managed OpenShift clusters in ...
Doug Hazelman Cloudberry

Managing an Increasingly Complex IT Environment

Managing Complex IT Environments The hybrid work model is here to stay—at least for the time being. That’s how things feel in these still uncertain times. This new way of work that has evolved from ...

CLOUD MONITORING

The CloudTweaks technology lists will include updated resources to leading services from around the globe. Examples include leading IT Monitoring Services, Bootcamps, VPNs, CDNs, Reseller Programs and much more...

  • Opsview

    Opsview

    Opsview is a global privately held IT Systems Management software company whose core product, Opsview Enterprise was released in 2009. The company has offices in the UK and USA, boasting some 35,000 corporate clients. Their prominent clients include Cisco, MIT, Allianz, NewVoiceMedia, Active Network, and University of Surrey.

  • Nagios

    Nagios

    Nagios is one of the leading vendors of IT monitoring and management tools offering cloud monitoring capabilities for AWS, EC2 (Elastic Compute Cloud) and S3 (Simple Storage Service). Their products include infrastructure, server, and network monitoring solutions like Nagios XI, Nagios Log Server, and Nagios Network Analyzer.

  • Datadog

    DataDog

    DataDog is a startup based out of New York which secured $31 Million in series C funding. They are quickly making a name for themselves and have a truly impressive client list with the likes of Adobe, Salesforce, HP, Facebook and many others.

  • Sematext Logo

    Sematext

    Sematext bridges the gap between performance monitoring, real user monitoring, transaction tracing, and logs. Sematext all-in-one monitoring platform gives businesses full-stack visibility by exposing logs, metrics, and traces through a single Cloud or On-Premise solution. Sematext helps smart DevOps teams move faster.