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Week 3 - Business Performance Tools and Data Warehouse Implementation

Week 3 - Business Performance Tools and Data Warehouse Implementation

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Digital Dashboards Made Easy Introduction | Digital Dashboards | Examples of Digital Dashboards | Digital Dashboards in Action: An Example | A Sample Digital Dashboard Architecture | Summary Introduction Everyone is familiar with the dashboard of a car. The dashboard collects data from all parts of the car, from its speedometer, temperature gauges, transmission, gas tank, and sensors. The dashboard represents a central collection point for all of this data, and allows the driver to determine how the car is performing, and when to make adjustments. With the large volumes of data available to companies due in the Information Age, the possibilities for applying the dashboard concept to managing businesses has more potential than ever before. That brings us to a key concept this week -- digital dashboards. Digital Dashboards Physical dashboards on automobiles provide a central monitoring and response point for automobile operators. In business, dashboards represent a customizable, interactive picture of the company's performance as it relates to the accountabilities of the manager. Event notification is an important feature of a digital dashboard. This feature allows the user of the dashboard to indicate when certain metrics achieve certain values that require action. This allows managers to respond quickly to the most important changes in the performance of the resources within their accountability. Digital Dashboards In a Nutshell Digital Dashboards represents a central collection point for data of interest to managers. They can draw on a whole variety of data sources, from email, to spreadsheets, to company operational data, to external web- based data sources. They can help managers manage better, using real time data to highlight anomalies in performance, and facilitating interaction with others to respond to important events.
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