Are you looking for added value in reporting and analytics? Our team has the business knowledge and technical skills to help you! Together, we create smart reports and effective dashboards with KPI’s and graphs.
Are you looking for added value in reporting and analytics? Our team has the business knowledge and technical skills to help you! Together, we create smart reports and effective dashboards with KPI’s and graphs.
Reporting is the process of gathering and presenting data in a structured format such as graphs and tables. Organizing information in predefined KPIs and metrics makes it easier for you to understand what is happening. Analytics is the process of analyzing your data to identify patterns and gain insights.
While analytical data reveals patterns, trends, and insights that aid in strategic decision-making, operational data includes real-time, transactional information that is critical for immediate decision-making and execution of tasks
First, a (business intelligence) dashboard is an analysis tool that displays critical business data in a central location. Armed with interactive data visualizations, dashboards enable companies to track their performance and optimize strategies to achieve their goals.
Here are some best practices:
Consider your audience
Determine your goals
Choose relevant KPIs
Tell a story with your data
Use the right type of chart
Choose your layout carefully
Round your numbers
Be careful with colors
Use interactive elements
KPI stands for key performance indicator, a quantifiable measure of performance over time for a specific objective. KPIs provide targets for teams to shoot for, milestones to gauge progress, and insights that help people across the organization make better decisions.
There are two important questions to ask:
An effective KPI depends on what you need to accomplish based on your current circumstance. The best place to start would be to understand the common use of KPIs, their philosophy, and their strategy within your own company and in your specific industry.
From here it is essential to define your goals. Before diving head first into the specifics of the KPI, you might want to look at it from a larger point of view. In the same manner, it’s also very important to set goals that are achievable. KPIs are about focused data, not setting ambitious targets that can skew performance away from cohesive strategies.
One of the most effective ways of evaluating the effectiveness and appropriateness of a KPI is the SMART criteria. SMART stands for Specific, Measurable, Attainable, Relevant, Time-Bound:
