A performance dashboard is a business management tool that will allow a business to keep track of all aspects of their daily activity. Below are examples of performance dashboards built with InetSoft's easy-to-use dashboard software. For example, the sales performance dashboard is able to track your sales on the east coast and compare them with your sales on the west coast.
When one of those sales unexpectedly rises or falls, you are able to investigate the reasons behind this and make the necessary changes to keep your business profitable. By converting your businesses numerical data into graphical or visual representations, performance dashboards allow the users to gain better insight to the more intricate parts of their business that they previously did not understand.
Performance dashboards should allow businesses to do the following:
Performance Dashboards primarily consist of two main entities. These entities are metrics/key performance indicators (KPI) and dimensions.
When we are referring to metrics, we mean direct numerical measures that represent a piece of business data in the relationship of one or more dimensions. For example a metric can be "total profit per month." The measurement in this case would be in dollars (total profit), and the dimension would be time (month). Key performance indicators are similar, because they are simply a metric tied to a goal. For instance, if the metric was "total profit per month," and we have set goals at $10,000 dollars per month, our key performance indicators can tell us if we are on pace to achieving our goals, ahead of our goals, or falling behind.
Dimensions break down data into groups. Each group will generate a unique metric or KPI accordingly. In the above example, the month dimension will generate one aggregated metric number per month.
With InetSoft's unique drag and drop dashboard design, you are able to fully customize reports geared toward your specific business. You have full control over with metrics and key performance indicators (KPI) that you wish to choose, and are able to combine and conform them to your growing business.
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