Commandment
Once you address the design pertaining to the four key building blocks of the dashboard – i.e., KPIs, data, formula, and visuals – the next step is rendering or delivering the dashboard to the users. If the need is quick ad-hoc reporting, the self-serve analytics platform can help business users perform queries and generate insights with minimal IT support. Basically, any analytics platform is only as valuable as the data available to it. If the data is sourced from multiple transactional systems, it is india whatsapp number data better to implement a data warehouse and source the data for the dashboard from this canonical system. However, self-serve analytics, which is often associated with data democratization, needs to be balanced with data protection. Finally, the dashboard needs to be optimized for multiple devices, i.e., desktop, mobile, or tablet.
Figure Application of the commandments in a healthcare organization.
In today’s data-centric economy, analytics is a key enabler that transforms data into a business asset by providing insights to measure and improve business performance. Organizations of all types are looking at leveraging data and analytics (D&A) for improved business performance and outcomes. D&A can provide EBITDA (earnings before interest, taxes, depreciation, and amortization) increases of up to 25%, according to a McKinsey report [3]. Analytics is enabled by reports and dashboards. While reports are used for in-depth analysis and exploration of data to answer complex business questions, dashboards are used for high-level monitoring, often in near real time, providing a consolidated view of business performance.