Archive for the ‘CPA Technology Advisor’ Category

Dashboards: Business Intelligence At A Glance

December 2nd, 2010 Comments off

I once had a top executive tell me that each morning he needed to have all the information needed to run his business on a 3″ x 5″ index card.  That index card was a form of a “dashboard” providing summary data in a snapshot format for senior management to use in decision-making.  Technology imporovements have made it possible to build more complex dashboards complete with real-time functionality.   It is still necessary, however, to make choices about what to include on them for the sake of not overwhelming the decision makers with things that are not relevant. 

In business, dashboards are emerging as the new face of Business Intelligence. Dashboards let us consolidate information about the health of our business, our department, our branch or more, in a graphical format that is concise and easy to read. They also come in different colors and shapes, with names like Performance dashboard, Executive dashboard, Balanced Scorecard, KPI metric summary or Corporate dashboard. The goal? To showcase the facts in a way that empowers the user to make more intelligent decisions based on better information.

The CPA Technology Adivisor has a nice primer on dashboards at this link: Dashboards: Business Intelligence At A Glance — NEWS – The CPA Technology Advisor.