Strategic dashboards are the most used by high-level management. C-level executives and business owners are the most common categories of users who will benefit from these types of panels, which focus on long-term strategy and high-level metrics. Strategic dashboards can help reduce the time needed to meet the company's most important and most important KPIs. Its main objective is to provide executives with information at a glance about the company's overall performance.
Unlike the other two types of dashboards, which typically include up-to-date, up-to-date data to help department leaders and individual employees track their KPIs in real time, strategic dashboards typically track monthly, quarterly, or annual performance. Think of strategic panels as “the big picture” that can help drive broad strategic decisions and help define the future direction of the company, identify potential opportunities, and understand and plan for current and future trends. Start the 14-day free trial Book a demo Improve the look of your panel with these 10 best practices for panel design Start the 14-day free trial Book a demo. The purpose of an operational panel is to provide, at a glance, a complete snapshot of the day's performance.
Like the dashboard of a car, operational panels provide the viewer with information related to the immediate performance of the organization. They should not require breakdowns to be useful, since, often, the viewer will not have the option to manipulate the panel beyond the initial view. If you're using data from the past to identify trends that can help you make decisions about the future, you're on your way to creating an analytical dashboard. These panels are tools with which the user should be able to interact, consult and explore.
Therefore, functions such as pivot tables and breakdowns are well suited to analytical panels. An analytical dashboard can be a valuable tool in the right hands, but it requires a level of understanding that the average business user may not have. The data in an analytical panel is often complex, as are the analytical exercises for which the panel is suitable. Therefore, it's best to leave analytical dashboards in the hands of database analysts and not the entire company.
Defining user permissions is a simple way to ensure that your analytics dashboards are delivered to the right group. Strategy boards usually have a retrospective feel. They analyze the benchmark performance data for, for example, the last quarter and compare them with those of the current period. Have things improved, stayed the same, or worsened? They are also often comprised of data from various sources, as the objectives of the entire company are affected by multiple systems and actions.
Strategic dashboards often share metrics that are important to the entire organization, so consider making them available to the entire organization. Obviously, management and the executive team would like to have a bird's-eye view of strategic KPIs, but when this type of performance data is shared transparently with lower-level employees, unexpected benefits can occur. You never know where your organization's next big idea will come from, and when you equip your entire team with knowledge, that's especially true. Let's take a closer look at each of these types of BI dashboards and discuss how they compare to each other, who uses them, and how.
Strategic panels provide a business-wide view of the entire company and are therefore slightly more complex than other types of panels. Understanding the following three types of dashboards is an excellent starting point for showing and tracking the most important KPIs so that all members of the company can make decisions that boost their business. So, in addition to considering the cost and ease of implementation, BI capacity, data visualization, and local BI versus cloud BI, you should consider what type of BI dashboard will work best for your teams. The organization, analysis and exchange of data in different types of panels makes it easier to control the company's performance and, at the same time, allows everyone to see what they are doing well and where they need to improve.
Overall, the strategic dashboard is the best type of panel for monitoring the company's strategy, in terms of efficiency and budget. Traditionally, these dashboards required the expertise of data analysts, but recent advances in automated business analysis tools have made it possible for almost any manager to create and benefit from these types of dashboards. To avoid this, it's important to have a basic understanding of the three main types of panels, their business function, and how and when to use them. However, with a solid understanding of the four types of business intelligence dashboards, who they are for and why, your teams can use business intelligence to develop key information and make data the backbone of all their decisions.
There are many types of business intelligence that relate to how data is retrieved, presented, and visualized. .