Make data-driven decisions with KPI dashboards
Dashboards are crucial tools for businesses to visualize and interpret raw data into actionable insights, enabling better decision-making. The human brain is wired for vision, making it easier to understand concepts visually rather than through textual descriptions. Key Performance Indicators (KPIs) dashboards help track specific metrics that matter to a business, such as revenue, sales, marketing, financial, operations, human resources, customer service, and project management metrics. Various tools are available for building KPI dashboards, ranging from simple spreadsheet tools like Microsoft Excel or Google Sheets to more advanced enterprise-level tools like Tableau, Power BI, Qlik, and dedicated dashboard software like Klipfolio, Geckoboard, Domo, and Cyfe. Additionally, data visualization libraries such as D3.js (JavaScript), Plotly (Python/R), or ggplot2 (R) allow for highly customized and interactive dashboards with programming knowledge. Building a KPI dashboard involves several steps: identifying the relevant metrics, choosing the right deployment tool, designing the dashboard to fit specific needs, and ensuring that it provides valuable business insights. The ultimate goal of any KPI dashboard is to drive decision-making within an organization by presenting data in a visually appealing and easily understandable format.
Company
Hex
Date published
May 1, 2023
Author(s)
Andrew Tate
Word count
2622
Language
English
Hacker News points
None found.