Learn how to turn your business information into assertive decisions for your company
The dashboard is a tool used to get an overview of all a company's processes and their results in a simple and visually easy-to-interpret way, facilitating decision-making. With this broadened view of the business, it becomes easier to make decisions and optimize processes, as well as increase company productivity. The most important information for the business's progress is displayed through charts and maps, making it easier to visualize and interpret data.
Through dashboards, it's possible to make forecasts and measure trends, enabling the management team to make assertive decisions at the right time. Critical information such as sales drops, delivery slowdowns, and customer satisfaction levels turn into insights to anticipate problems that can be quickly resolved.
According to Priscila Nogueira, director of strategic alliances at Stratec, dashboards are like a manager's navigation instruments. When a dashboard is built with relevant information about results, responsibilities, and processes under the manager's authority, it will alert them to areas that need attention, such as unmet goals or significant variations in checklist items that could impact results. Thus, the Dashboard; facilitates decision-making regarding the actions to be implemented to prevent or correct problems.
Actio’s Dashboard; can be made available on electronic notice boards within the office, on intranets, in strategic meetings, and can be customized to be used in different
mobile devices such as smartphones and tablets, making strategic information available anytime and anywhere.
Before putting the use of the dashboard into practice in the business, it's necessary to consider a few questions. Choosing how to visualize the information is as important as defining what information will be made available. Furthermore, it's also necessary to define who the target audiences will be for interacting with the tool. Priscila draws attention to the creation of a good dashboard. According to her, the tool should display clear and objective information about the results and processes under the manager's authority, reflecting their contribution to achieving the organization's strategic objectives. “Thus, process indicators, outcome indicators, and project statuses, which are relevant and reliable, should be part of a good Dashboard;”, he points out.
For a dashboard to be an effective decision-making tool, it needs to be updated frequently. “A dashboard should be updated with the same frequency as its components. When defining the management system, it's usually determined how often indicators and projects will be updated. The dashboard should follow the same update frequency criteria as its components,” advises Priscila. This way, the analysis of information will always follow a pattern.
Many managers create the dashboards in Excel, but loading information into this system becomes fragile and extremely operational. Stratec's Strategic Management software enables the creation of dashboards with relevant information for managers, quickly and easily.
, and it is automatically updated when its components are updated. “Dashboards can be built to be viewed by everyone, by a department, or by a specific employee. Furthermore, it has the visual management tool, where different dashboards can be selected to be presented automatically and with screen pause control. This way, the construction of visual management becomes tremendously facilitated!” celebrates Priscila.
Given the amount and quality of information made available, it can be said that the use of dashboards also expands the practice of “business intelligence.”.
To learn more about the Strategic Management software, which includes a dashboard tool in its system, watch our videos or request a presentation.
