Business Dashboard is a data reporting system that presents business information in a way which simplifies analysis and decision making. Managers can use the dashboard to understand the effectiveness of their decisions and measure the financial, operational and overall strategic performance of the company.
Business dashboard is a kind of business intelligence system to generate at-a-glance reports on business activity performance. It provides a complete real-time and historical view of what is happening within an entire organization or its divisions, so that management personnel are able to:
- Optimize the use of workface, systems, resources, and budgets
- Monitor activity performance and identify opportunities for business improvement
- Identify opportunities for cost savings
Performance metrics and ratios are used to measure business progress towards pre-determined goals and targets. Business dashboard can display multiple key performance indicators on a single computer screen. KPI-based reports enable decision makers to determine real causes behind business failures and develop corrective actions and response plans.