Question

In: Accounting

5.what is a Digital Dashboard? How does it benefit the business?

5.what is a Digital Dashboard? How does it benefit the business?

Solutions

Expert Solution

Answer    A digital dash board is dashboard which displays all key indicators of a firm as graphs and charts on a single screen to provide one- page overview of all the critical measurements necessary to make key executive decisions. This is a tool who support to visualization which collect and provide information on a single dash board for user information relating to KPIs and CSFs. It is an overview of our system at glance.

Benefits of Digital dash board to a business organization-

1.            Customizable- This can be customized in term of users and expectations. Each decision level dashboard can be customized to present the most valuable and useful set of information. A business can customize it as per his requirement.

2.            All-in-one - In the past users would spend large amount of time reviewing and analyzing different reports to end in final conclusion. This tool allows to see at a glance, an overall situation report of the desired information. Business can take important decision from this all in one information tools.

3.            Drill into detail- This tool also provides detailed information as required by simply selecting the desired variable or object. Business can see detail information of each variable by single clicking on that.

4.            Intuitive data presentation- There is no need for complicated and exhaustive training. Dashboards are design to be intuitive to any user. The graphic design allows an easy and smooth navigation throughout the information. Business can easily understand information of all variable through graphs and charts.

5.            Mobile device accessible- Most dashboards software are programmed to suit any mobile device. The idea is to reach anywhere, to everyone, in a timely manner with the most accurate information.


Related Solutions

What is the PACE PROGRAM? Who does it benefit, how does it work, etc?
What is the PACE PROGRAM? Who does it benefit, how does it work, etc?
What is the benefit of the lean philsophy and how has it been applied in business...
What is the benefit of the lean philsophy and how has it been applied in business (research and share examples of actual companies)
1. How do barriers to entry benefit a monopoly? 2. What benefit does society derive by...
1. How do barriers to entry benefit a monopoly? 2. What benefit does society derive by allowing some monopolies to be created? 3. Why might an airline company (assuming it is a monopoly) charge different fares to different groups of customers?
Digital Business Analysis Report Review How has digital business altered practices and procedures in marketing over...
Digital Business Analysis Report Review How has digital business altered practices and procedures in marketing over the past 5-10 years? (300 words)
Digital Business Analysis Report Review How has digital business altered practices and procedures in marketing over...
Digital Business Analysis Report Review How has digital business altered practices and procedures in marketing over the past 5-10 years? (300 words)
Choose a local small business in Los Angeles. How does the company currently use digital media?...
Choose a local small business in Los Angeles. How does the company currently use digital media? Are these methods or strategies effective? Explain using evidence and/or specific examples to support your rationale. What recommendations do you have to assist the company in improving its current strategies? Are there any mobile strategies that would be effective? Explain.
What does the Cost vs Benefit constraint mean in the US GAAP framework? How does it...
What does the Cost vs Benefit constraint mean in the US GAAP framework? How does it apply to accounting situations?
What processes in a FinTech organization or a business can benefit from benchmarking? How? Are there...
What processes in a FinTech organization or a business can benefit from benchmarking? How? Are there challenges that may become present when trying to conduct benchmarking? What recommendations do you have to overcome these obstacles? Demonstrate how each of the benchmarking tools (Best Practices, Peer Benchmarking, SWOT Analysis, Collaborative Benchmarking and etc…) can be used to ensure success?
How do hotels use cost-volume-profit analysis? How does the business benefit from using cost-volume-profit? Does it...
How do hotels use cost-volume-profit analysis? How does the business benefit from using cost-volume-profit? Does it have a low or high degree of operating leverage?
Does the pursuit of maximum profit by individual business owners benefit only themselves or does their...
Does the pursuit of maximum profit by individual business owners benefit only themselves or does their self interest sometimes and somehow also benefit the broader society? Include in your discussion how each of the characteristics of a competitive market is relevant to achieving a social benefit from private profit seeking behavior.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT