Kindly explain what is dashboard approach?
From India, Faridabad
Dashboard design approach to business reporting allows unlimited information on a one-page dashboard report. Hundreds of relevant facts on one page, plus clear and effective display through charts, tables, visual indicators, and visual
Interactive Excel Dashboards are powerful tools for your business. They are applications built in MS Excel that manage and convert your data into a visual display of relevant information. Interactive Excel Dashboards are customized based on your requirements and preferences.
High performance businesses have strategies in place and integrate all parts of their organizations towards common goals. Effective dashboard or scorecard report allows management to set goals, targets, checks, and balances and continuously monitor trends and KPIs.
Ability of decision makers to access key information whenever they need them and the simplicity and effectiveness of business reports they use are critical factors for high business performances.
Whether you need executive reports, financial reports, sales dashboard, or any other report this could be customized on a daily basis. Everything works in one excel file where you have your data and use the magazine quality template reports to generate different reports and presentations
This dashboard displays vital KPIs designed to supply human resources management personnel with important data regarding the effectiveness, functionality and morale of their company. It is broken down into manageable sub-sections with part historical data to form a relative comparison to the up-to-date metrics.

A dashboard is a graphical display within software (or a browser interface) that compiles data such as key performance metrics and displays the data for a real-time view into what is happening in the workplace. The dashboard is usually customizable to display only what needs to be displayed as selected from a whole host of metrics.
Management can utilize these tools to get a window on current business performance, view workplace trends, predict future needs, adjust focus to accommodate those needs, and much more.

From India, Bangalore
What are they?

A hot objective in business today is using information technology to “maximize the power of corporate information.” Organizations are looking to technology to simplify the way in which decision maker’s access and analyze data so that they can spend their time focusing on generating innovative ways to drive business rather than searching for the information they need and deciphering “old school” reports. One popular method of providing users with simplified information access and management is via dashboards.
A dashboard is an application or browser-based interface that helps measure organizational performance in terms of organizational units, business processes, and individuals. It offers “gauges,” or snapshot views of performance information to assist users with decision making or performance-related tasks.
Dashboard or Scorecard?

Both dashboards and scorecards provide common methods for individuals to understand and benchmark their organizational or business process performance to determine how their contributions affect corporate-wide goals and objectives.
A scorecard is a system that measures and manages an organization’s progress toward strategic objectives. It also provides internal and industry benchmarks, goals, and targets that help individuals understand their contributions to the organization. This performance management should span the operational, tactical, and strategic aspects of the business and its decisions. Organizations can use a methodology derived from internal best practices or an external industry methodology, such as the widely used “Balanced Scorecard” developed by Robert Kaplan and David Norton. These performance indicators are available to users in an application or browser-based interface for reporting and analysis purposes on past, present, and potential benchmarks.
A dashboard, on the other hand, is a personalized, or role-based, snapshot of performance. Conceptually a subset of a scorecard, it focuses on communicating performance information. Unlike the high-powered reporting and analytical functionality of scorecard applications, dashboards are geared toward simplified understanding of underlying performance information and may, like an automobile dashboard, have some basic controls and switches for feedback and collaboration tasks.
What does HR need to know?
  • A dashboard is an application or user interface that provides visualizations of key performance indicators. They are analogous to a car dashboard as they typically have gauges, meters, or other simple indicators that communicate underlying performance data.
  • Dashboards measure not only financial indicators, but also such things as individual or team performance, customer satisfaction, learning and innovation, and internal performance measurements.
  • Dashboards are often likened to “scorecards” but are really more of a subset of the much broader methodology represented by this approach. Dashboards are focused on communicating performance information on a tailored basis in a “what’s happening now” method whereas scorecards are much more sophisticated and geared to analysis and reporting based on current, historic, and potential benchmark data.
  • In considering dashboard or scorecard initiatives, a clear definition of the business requirements and goals should be carefully considered prior to purchase. Beyond the corporate goals of the project, there are other factors such as data integration, established business rules, data quality, and other elements that go beyond the “delivery mechanism” offered by dashboards.
  • There are a host of dashboard and scorecard software vendors (including leading business intelligence software vendors) that provide various levels of functionality “out of the box” to avoid the enormous custom development required to develop a solution in house.

From India, Bangalore
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