Business Intelligence Reporting Archives

Why You Need To Know How to Build Business Dashboard Reports?

Armando Roy Business and Management September 21, 2020Business Intelligence Reporting, Powerapps Templates

Dashboard new hype, we all know that. This is actually a term borrowed from the car industry. Sensory brand all important information is right in front of you. There are many types of dashboards around, you will no doubt have heard about the Metrics Dashboard, Business Intelligence Dashboard, Dashboard Operations, Performance Dashboard, the list could go on.
In the world of data overload, the generation of well-designed dashboards can be a fresh breeze that has benefits both Business and Technical for the organization. You can get the best power bi data model via .https://vizbp.com/downloads/.
Basically all dashboard mentioned above is the same type of communication -a document important data and turn it into relevant information that readers can understand and make decisions. Let's take a close look at why you need to know how to build them.
1. Improved Decision Making: With the right information in front of them faster decisions can be made. Instead of Excel columns and rows of data to wade through, the end-user can easily see trends, dips in sales, sales growth in certain sectors, underperformance.

Image Source: Google

They will see the top-level analysis of this data, and depending on the metric used can have a bird's eye view of key metrics within the organization.
2.Faster Time To Market: It makes sense if you can see trends in your data, such as the demand for ice cream flavors. You can respond with confidence, make decisions, and apply these to the market as quickly as possible.
3. Increased Competitive Advantage: If you know your metrics, you can get ahead of the competition. Swift decisions could be made-route quickly to the market to provide a competitive advantage over your competitors.
4. Increase Productivity and Profitability: Both then had the results of the three points above. Work on the most accurate vital information without being disturbed by the noise of the data that is always associated with the data overload.

How BI software helps you?

Armando Roy Business and Management April 6, 2020business intelligence analytics, Business Intelligence Reporting, business intelligence solutions

The size of the business usually does not make any difference and even small ones can have a remarkably large pool of information. Here, business intelligence software can prove to be an excellent tool for management. You can continue reading to know more about BI software.

With the help of BI software, the progress of a business can be tracked by executives and managers of a company. It is vital to choose the right and best BI software no matter if it is the newest cloud marketing program or traditional software. This would ultimately help the company in achieving its goals.

These types of software generally organize and then arrange the information or data in a format that can be easily understood by users. The company can get a summary of its performance as these programs can generate reports and spreadsheets. The developers of such programs know quite well that businesses depend on special sets of data for making any decision.

The business analyst needs to carry out a wide range of specific functions, this software performs and can meet all the requirements easily. Few functions of such software are as follows:

Providing Operational Reports: Day to day business operations is covered by these reports. Managers or executives often depend on the operational reporting, who supervise all the transactional activities directly.

For instance, this function is used by retail managers who look after operations related to the cash register, to find any shortages and to keep a track of everyday sales. Data or information which is updated by every minute can be viewed by managers.

Forecasting: It allows the managers and executives to make early predictions which are usually based on a particular set of information or data.

The profitability of different decisions can be determined and alternative solutions to the outcome can also be predicted by them. This type of software is frequently used by high-level managers and executives in the decision-making process.