5 Reasons to use management dashboards

A dashboard is used by managers to let them know the state of the business. Dashboards allow a global analysis of the true situation of an organization and help the manager to make the best decision possible. Using a dashboard, a manager has access to quality data generated from various sources. A well-configured dashboard allows information to be interpreted faster and there is no flaw in reading. In today’s article, we present you with 5 reasons to work with management dashboards!

Gather all business information in one place

Too much information is not beneficial, so be careful not to create a dashboard that is too “full”, ie with information that is not relevant to your decision making. This will only create visual noise and complicate your analysis. You should create an easy-to-read dashboard with only the data that really matters to you. If you can create a dashboard with useful, up-to-date information, it will be much easier to know what decisions to make as it will concentrate all the data you need in one place.

Timely problem identification

Managers cannot always identify deviations in work routines in a timely manner, which compromises business productivity. The dashboard will gather the history of company operations and can set defaults to detect deviations and anomalies in real time. This allows Multipeers to realize that something is wrong and to alert you right away so that you can take action before it becomes a serious problem.

Constant knowledge about business objectives

Using a dashboard, you can easily see if your business goals are being met. Linking KPIs with day-to-day activities is essential to achieve individual and global goals more simply. Only with an effective knowledge of what is happening in the company and the evolution of the areas can the established goals be achieved.

Lets you know the day to day operations

The dashboard that shows us the tasks of the day is used by the work teams and focuses on the processes each team needs to perform their duties. The data contained in this panel aims to identify critical points of the operation, helping their correction. They also facilitate communication between all members of the same team. It is a dashboard that varies according to the department of the company and the activities to perform each day.

Greater collaboration

The dashboard, because it is a technological tool, allows data sharing and sharing is easier because the whole team has access to the information in the dashboard. Thus, achieving the organization’s goals becomes easier and the company becomes more efficient.

Find how to take full advantage of Big Data

Big Data is a term that has been in vogue in recent months. Big Data is the term that describes the immeasurable volume of data (structured or not structured) that have a daily business impact. More important than the amount of data, is what companies can effectively do with this data. According to IBM, by December of this year there will be three times more devices connected to the internet than people in the world. This information is more than enough proof of the amount of data that is generated every minute, which is a challenge for companies. What to do with so much information? How to take advantage of the data generated daily? In this article we will show you how to take full advantage of the potential of Big Data.

Analyze the business in real time

Information is growing at a very fast pace, which makes its analysis increasingly difficult. The solution is to analyze the data in real time to get the most out of the information. Products like Multipeers allow you to analyze every second what is going on with the business. In this way, you can make the most of the data to make the best decisions for the business. Allying the large amount of data generated in companies to a real-time analysis allows you to gain essential insights for business success.

Better data collection

The data come from the most diverse channels and through Big Data it is possible to centralize them and group them by affinities. It is possible to be closer to the customer through the collection of data through questionnaires, applications, loyalty cards, among other instruments. The data collected is essential for assertive planning of marketing and communication actions.

Greater effectiveness of the business

More than knowing the market, companies are able, through Big Data, to use the data to change the business and increase the return on investment. Using analytical expertise allows companies to create new business indicators and analyze them more comprehensively and objectively. In this way, they will achieve better levels of income that will be reflected in the success of the business.

Have the right tools

It is imperative that companies have the right tools to deal with the vast amount of data they are creating every day. Datapeers, for example, is an innovative solution that helps companies meet legal requirements and improve the quality of development processes, ensuring the protection and confidentiality of data. The new EU data protection regulation reinforces the importance of information and the increasing need to protect it.