3 Reasons Your Business Needs A Data Dashboard

August 21, 2014

While a business intelligence dashboard like Grow displays your business’s data nicely, what else can a data dashboard do for you? Well, a lot, it turns out. The right dashboard can save you time, reduce stress, and increase productivity and profit for your business. In short, the right dashboard will help you grow. Here are three reasons your business needs a dashboard for your data.

Saves You Time

Our dashboards save you time by giving you and anyone else in your company an instant, at-a-glance view of your KPIs. Instead of having to wade through spreadsheets trying to find the data you need, our dashboards update data in real time and display it in an easy-to-understand format. You will no longer need to wait for regular reports to be generated or need to spend your precious time reading those reports.

The display doesn’t just show numbers, though. You can format the data so you see how the numbers relate to each other. You can quickly pinpoint your business’s areas of strength and weakness. By providing you with a mobile dashboard, you will have your data at your fingertips. A quick glance anywhere can keep you on top of little issues that crop up. Real-time updates provide insights to possible problem areas.

As a result, the dashboard helps you quickly make strategic, data-driven decisions with your teams. Watch your company’s weaknesses turn into strengths and avoid large-scale, time-consuming issues.

Reduces Your Stress

Having a business dashboard can reduce stress by helping you solve problems before they get out of control. More than that, though, it can also remove much of the day-to-day stress of operating a business. Little problems can sometimes be a nightmare to solve—not necessarily because the solution is difficult, but because isolating the problem area can be time-consuming.

Instead of making endless phone calls to find out where the problem is, a quick glance at your dashboard or an email update from Grow can let you know exactly what you need. After that, it’s just a matter of making one quick call or sending a short email to get the issue fixed.

Additionally, if other people have access to the dashboard, they may be able to see and fix problems before you even pick up the phone.

Motivates Your Employees

Not only will a data dashboard increase your company’s productivity and profit, but it can also serve as motivation for your employees. When performance is measured, performance improves.

As humans, we are constantly striving to be better, but sometimes it’s difficult to know if and how we can. When we see our performance measured regularly, we know how to improve and our desire to do so increases.

With Grow, you can share your company’s performance with your employees. This gives them the opportunity both to see how your organization is doing and how their work impacts that progress. As a result, employees will naturally be motivated to work harder. You’ll find that your employees are more engaged in the success of the company and their efforts improve.

Don’t just take our word for it—try it for yourself with Grow.

how BI helps large and small companies infographic

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