/plushcap/analysis/hex/data-driven-decisions-with-kpi-dashboards

Make data-driven decisions with KPI dashboards

What's this blog post about?

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.


By Matt Makai. 2021-2024.