Hi, need to submit a 4000 words paper on the topic He Deficiencies of Using Dashboards. It is also recognized that businesses will continue to accumulate increasing volumes of data, from a growing variety of sources at accelerating speeds, a phenomenon also known as big data.”(BBC News, 2012). In this aspect dashboard is one of the key tools of IT that every organization, small or big are using to analyze various data to get maximum benefit. In this paper the main objective to analyze the importance of dashboard in the modern business environment, what is its strength and what are its deficiencies?
Dashboard generally a tool for analyzing data of any particular organization, the market segment and the competitors more in detail to helps an organization to derive a successful and competitive business strategy. A dashboard or business intelligence dashboard can be defined as “a graphical interface that displays the current status of metrics and key performance indicators (KPIs) for an enterprise”. (Rouse, 2010).
According to Six Sigma Online (2014) “dashboard is a computer software program that controls and analyzes bulk data so that data values are represented in a concise numerical language. The values on a dashboard can be manipulated in a way that affects real-time processes, such as manufacturing.” (Six Sigma Online, 2014).Business management creativities such as the time-tested Six Sigma approach along with modern data processing software as a means of removing product flaws or making a practical cost/benefit examination. Modern dashboard technology is far more advanced in comparison to manual recording or non-real-time manual input software systems. Some of the key advantages are:
Dashboards are designed by programmers to be exceptionally user friendly. A complicated program could, in the end, be more of a hindrance on the evaluation of a process. That is why dashboard programs are written so that they are extremely customizable and relatively simple to use, while at the same time being very powerful and all-encompassing.