Develop a Strategic Dashboard For All Users

Strategic Dashboard is often comprehensive and includes high-level goals and KPIs, as well as an analysis of the company's long-term success rather than specific strategy projects.

Charts and tables, surveys, evaluations, historical data, future estimates, and other sorts of data are common in strategic reports. All of the information contained in a dashboard may help you create a clear, attainable strategy for the future, increase internal communication within your team, streamline company procedures, and raise employee engagement and productivity so they can achieve their full potential at work.

Hence, what should we consider to create a strategic dashboard with actionable information?

Real-time analysis

What is real-time reporting? 

Real-time analytics is the process of processing and measuring data as soon as it enters the database. In other words, as soon as data enters their system, users obtain insights or can make conclusions. 

Businesses can react quickly using real-time analytics and strategy. They are able to see possibilities and avoid problems before they arise.

Some use cases

  • Financial services: Real-time credit scoring allows financial firms to determine whether or not to offer credit right away.
  • Consumer products: customer relationship management (CRM) aims to maximize happiness as well as commercial results.
  • Retail: Retailers may use to specialize in certain item categories such as produce, home goods, or others.
  • Hospitality and entertainment: Up-to-date information can help you provide better client service.
  • Digital business: it can personalize the digital customer experience.

Producing reports that CXO can read and realize actionable information

We know that CXOs in general need top-level reporting that provides them with immediate access to information that is important to them. They don't want to be weighed down by reports that require a lot of time and effort to go through. As a result, the focus is to make things as straightforward as possible. Start by figuring out what the CEO is concerned about. 

Let's look at it more closely.

Which kind of reports CEO should take a look at?

Financial dashboard

A big-picture, simple-to-understand financial overview, and strategy, updated in real-time, that contains objectives met, cash flow, return on investment (ROI), and KPIs that define financial distribution across the whole firm.

Operational dashboard

Operational dashboards provide CXOs with a clear picture of how well their teams are doing on a daily basis. Having access to real-time information helps teams to take rapid decisions, uncover and discuss new possibilities, and communicate significant learnings, whether on a task-by-task basis or in alignment with wider organizational objectives.

Human resources

HR dashboards are customizable so as to manage projects, deadlines, hiring statuses, onboarding procedures, employee programs, and budgets. The dashboard may provide quick access to important information like employee benefits, handbooks, and travel regulations, among other things.

Program management

CXOs may track productivity KPIs and task statuses across departments using the Program Management Dashboard, which centralizes critical process documentation, data, and resources. Project and process transparency can aid PMs in identifying areas for improvement and reducing operational inefficiencies and strategy.

Sales

Leaders can analyze sales pipeline activity, important KPIs, and deal status using sales-focused dashboards, which provide granular visibility into activities and progress. They can also seek possible flaws or strengths by analyzing performance indicators in a variety of methods.

When strategic decision-making processes need to simplify frequently complicated data and transform it into actionable insights and reports, management dashboards come in handy. This is easily accomplished through the use of reporting tools - Dataflake provides CEOs with full insight into business performance across key KPIs utilizing factual and real-time data.

Which kind of reports CTO should take a look at?

A CTO dashboard is an important tool for reviewing, monitoring, and analyzing high-level IT metrics like support costs and serious bugs, for example, with the purpose of creating a consolidated and dynamic point of access for all relevant IT data.

Furthermore, such dashboards provide succinct images that are easily accessible and shareable with the rest of the c-suite, making data management procedures more digestible and polished for all parties involved.

Depending on your infrastructure, you can consider these metrics

  • Network

A computer network is a collection of computers that share resources shared by network nodes.

  • HTTP Requests 

A client sends an HTTP request to a specific host, which is located on a server. The request's goal is to get access to a server resource. Therefore, the client makes the request by using components of a URL (Uniform Resource Locator), which contains the necessary information to reach the resource.

  • Tickets

In a support helpdesk, a ticket is any issue submitted by a client that the firm must resolve.

  • Servers

A server is a computer that stores, sends, and receives data. In essence, it exists to give services and "serve" something else. A server can be a computer, software program, or even a storage device that provides one or more services.

  • Disk usage

The percentage of your hard disk consumed by your computer to execute applications and complete tasks is known as disk usage. The performance of your hard drive is more important than its storage capacity when it comes to disk usage.

  • Duration

The length of time it takes for a process to finish is known as duration.

Automated alert

Automated dashboards that monitor performance such as online sales, and marketing as they happen during a digital marketing campaign, can give teams notifications such as a "green," "yellow," or "red" light to business and IT users to indicate whether the item being measured is going well, cautionary, or in a red flag.

This is all many upper-level executives and managers require to take action. If a problem arises, they will most likely escalate the issue to the next level of management for resolution.

For more, visit Dataflake now!

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