Your Business at a Glance: Using Big Data Effectively

Dashboard

The repetitive tasks involved when reviewing reams and reams of similar spreadsheets and their results for anomalies quickly becomes mind-numbing over time. For many company associates shortening the time reviewing these onerous numbers is a priority. Their solution is to create and focus on key markers within the results that can be studied quickly and with almost no time set aside for evaluation.

These individually generated key indicators don’t and can’t take into account the myriad possibilities that are generated with today’s big data results. As a result, many opportunities or potential issues are missed costing organizations time and money. But, KPI (Key Performance Indicator) dashboards have been developed to overcome these flaws.

KPI dashboards are industry specific programs and apps that allow internal big data dumps to be repeatedly parsed in real time. The results of a myriad of data points are accumulated and presented in an easily understood graphic display. These displays focus attention on trends, patterns, and potential issues allowing organizations to react before there is a problem or when the opportunity presents itself.

Choose the Right Dashboard for the Job

But KPI’s shouldn’t be chosen lightly. There are many differences based upon the industry. Manufacturing KPI’s might focus on sales, inventory, or materials. Healthcare could concentrate on a number of beds in use or wait times in the emergency rooms. A choice needs to be made on the information required as well as the company that will create the KPI dashboard.

Like each KPI’s is different not all companies create programs the same. The quality of the program provides quality results. Look for companies that include management techniques such as six sigma to ensure a reduction in program errors or defects. When dealing with big data results, lack of good quality control techniques, will themselves result in questionable information or missed opportunities.

Getting More by Giving More

Dashboards won’t solve every management problem, nor will they find all the issues or opportunities. What an organization finds depends entirely on what they sought. But dashboards do provide accurate, easily read, real-time information in the hands of those that can actually put it to use. This allows associates to act quickly on problems or possibilities. In turn, this allows organizations to provide more service and success to themselves and their customers.

With the wealth of big data results, companies need the tools to parse this information quickly and easily to their partners and associates.  Dashboard programs are now a part of that solution.