We live in a digital age when knowledge is power, and data is the new oil. Accessing that data, sharing, and generating fast insights has become one of the most important motor engines of any business that thrives to survive in this competitive market. IT departments no longer hold the exclusive access to data, and with BI dashboard tools, the knowledge is spread across the company, empowering every business user to create own, interactive reports, utilising data visualisation and spreading the knowledge with internal and external stakeholders. This is where these kinds of tools create the most out of any business, and here we will explain them in more detail.
Business intelligence dashboard tool is a term used to describe the visualisation of methodologies and technologies to collect, monitor, analyse, present and share data in an efficient way. BI dashboard software helps businesses to gain new actionable insights.
This process is usually done with a specific business intelligence software that enables actionable insights. With increased competition, tighter budgets and bigger expectations, businesses large and small need a reliable, intuitive and accessible business intelligence dashboard. In industries that grow bigger and profit margins get smaller, where resources are stretched further than ever and unprecedented volumes of data collected, it is crucial that decision-makers, management, and stakeholders can access, analyse and interpret every facet of their business and its performance on-demand. A responsive business intelligence dashboard software handles these demands with panache, combining a supremely user-friendly interface and impeccable performance with cutting-edge business intelligence resources.
That being said, online BI tools are becoming the business standard to collect data, analyse and provide real-time insights. Sitting on a meeting with a PowerPoint presentation, or searching the right answer through never-ending spreadsheets no longer requires so much time or effort. With the power of artificial intelligence and intelligent data alarms, the possibility to integrate all your different data sources, and utilisation of online data analysis, a working environment free of clutter and data right at your fingertips create the most powerful business strategy that improves efficiency and reduces costs.
These kinds of cutting-edge solutions fuse the essential aspects of traditional business intelligence dashboards with its signature commitment to the user experience. Gone is pre-requisite SQL knowledge, absent are the myriad complex equations and language that makes sense to only the most experienced and qualified IT specialists. In its place, a business intelligence dashboard designed for use from the ground up – robust, accessible enough for an intern with no prior training, powerful enough for a CEO with years of frontline experience under their belt.
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Speed: In our cutthroat information age, speed is crucial. Gathering information, analysing, processing, and evaluating are laborious tasks that take time, resources, and energy of each stakeholder involved. Often, those in charge of decision making don’t have time to conduct large research or substantial industry development projects. Small businesses don’t have the capacity to analyse so much data without losing invaluable information which can differentiate them from the competition and provide building-blocks for increasing revenue. That’s where the speed comes in: by enabling business users to generate their own reports, it is no longer necessary to wait days, or even weeks, to obtain an answer for specific business-related questions.
Accuracy: To take advantage of your competition, it is also important to have accurate data in planning, analysis, and reporting. This is achieved by real-time access to data, that can provide instant insights on how your business performs on an operational or strategic level. If all employees are informed at the right time and the right moment, guesswork is completely eliminated, thus creating substance for making informed decisions.
Data visualisation: As more data sources emerge, there is a strong need to compile a centralised point of access where data can be presented in a clean way, with instant insight. Traditional spreadsheets have become so crammed that making a business decision can end up in indefinite scrolling and searching for the right information. Since humans process visual data much faster than written, graphics are becoming the business standard for presenting information with professional business intelligence dashboard tools. And not just ordinary graphs and charts, but interactive, visualising every information a business possesses, predicting outcomes and providing business users with instant, actionable insights. There are many business dashboard examples that do just that – offer a wide range of possibilities to empower small business owners and enterprises alike.
Performance management: Tracking progress and performance of business goals requires moment-to-moment access to data, and if that data is disorganised, spread across multiple sources, and spreadsheets, tracking down and organising could affect the decision-making time for gaining valuable business information, as mentioned. If the performance management is carried out during real-time tracking by choosing the right KPI templates, whether is a sales goal such as sales cycle length, or retail order overview, the overall performance becomes much more effective, and the business mechanisms increasingly productive. This allows business owners, managers, and employees to sustainably develop their functions while spotting problems immediately and, thus, giving the advantage of acting promptly and efficiently.
Customers’ behaviour analysis: Customers are the beating heart of every organisation and business, be it a big enterprise or small local store. Therefore, knowing your customers is a crucial part of every considerable business success and sustainable development. Understanding their behaviour, utilising all the data available to focus on their interactions with your business creates a powerful mechanism to predict outcomes and adjust the business strategy accordingly. A clear roadmap to customers’ intentions and new selling opportunities will emerge, providing fresh revenue and increased customer satisfaction, attuned to every niche and nuance of business operations.
Where some traditional business intelligence tools can only be fully utilised in the hands of the IT department, our dashboard software is transformative. Where other solutions require IT input, datapine’s utterly seamless tool empowers each department and department head to access the data they need, when they need it.
Freeing teams from IT bottlenecks, our SQL report builder requires no SQL knowledge. Built around an easy-to-use drag-and-drop interface, users can simply select the report elements they require and then leave the complex equations to our tool.
datapine’s BI dashboard software has been developed and refined with the help of SMEs from around the globe. Its function is based on real-life needs and wants, which means it understands the complex and myriad requirements of business function from the operational to the strategic, managerial to marketing, and offers support accordingly. It’s this real-world application that gives rise to datapine’s signature ease of use – from innovative data visualisations through to advanced data analysis tasks that were once complex are now as easy and pointing and clicking a mouse. And not just that, our team can create a POC to show you the power of customised dashboards with your own data and KPIs.
Databases can be integrated in 10 minutes and with no software to download, any employee, in any location can begin to utilise dynamic real-time business intelligence dashboards, automated reporting and data visualisation instantly, including mobile, on-the-go solutions. With no prior training required, the barriers to wielding business analysis tools – requirements such as formal IT training and previous BI experience – disappear. This ease of access means reports can be created and generated on-demand, allowing every business unit to respond to day-to-day and even hour-to-hour changes; workflows become more efficient, communication is improved, decisions are more informed.
With personal access, a cloud-based structure that guarantees 24/7 access from any location and enterprise-level security layers, see what datapine’s dashboard software can do for your business with a free 14-day trial.
We were amazed how easy it was to use datapine and get the first KPIs within a couple of minutes. datapine is definitively a game changer for us as now all decision makers have quick, easy access to ad hoc analysis, KPI dashboards and reports.Sebastian Diemer, Founder at KreditechGO TO PRODUCT OVERVIEW
Become a data wizard in less than 1 hour!