Benefit of Dashboard Reporting for Government Operations

Dashboard reporting has never been more important to the government. Considering the humungous streams of data collected through government agencies and programs, the challenge is how to make sense of these data in a way that they will benefit the organization and perhaps save large amounts of money as a result. The use of this type of reporting has been exalted by the US.

In the US

The US administration flaunted the advantages of using dashboards during the presidency of Barack Obama. They said that using a dashboard is an effective way of collating and filtering data so that these data become useful to decision makers. They credited the dashboard for being able to make them see better the implications of data and act on them appropriately.

One example cited by the government is how a dashboard helped them see the status of their investments, particular in pursuing the advance of technology.

The claim from the administration of Obama was that they were able to make better decisions using the data presented by the dashboard. According to them, this led to billions of dollars in savings and cutting delivery time for technological projects.

The US Congress has communicated a positive sentiment on the matter of using a government dashboard for federal decision-making and operations. It expressed interest in increasing the use of transparency tools, such as dashboards, across federal spending programs.

It is expected that more efforts will be exerted towards this goal and the use of dashboards may even be continued to be implemented after Obama relinquishes his office.

Other governments

Read more at http://www.infocaptor.com/dashboard/dashboard-reporting-for-government-and-how-it-can-benefit-government-operations


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Importance of BI tools for Pharmaceutical Industry

The pharmaceutical industry has been focusing much of its energy on producing the next chartbusting drugs.

However, the industry is also facing challenges in terms of the changing regulations, increasing number of declines on drug approvals and the continuing need to develop high value biologics. Refocusing efforts is imperative.

There are existing processes, systems and practices that need to be immediately addressed. Key performance indicators (KPI) using BI tools help corporations identify areas that need continuous development and highlight successes already achieved. This helps pharmaceutical companies grasp their management operations better.

What is KPI?

Simply put, KPI is a measurement of something that is vital in a business’s operations. In the pharmaceutical industry, measurements on drug cost overall trend for a certain drug are examples of KPIs.

What KPIs to Include

Before using dashboard software to view KPIs, it is important that useful KPIs be identified first. Some KPIs are not useful to a certain organization, depending on the operations and the needs of that organization. It is therefore important to have long discussions first before operating a KPI dashboard. Discussions should tackle on:

  • Assessing the organization’s strategies.
  • Determining the business drives that have an impact on the execution of strategies.
  • Identification of long-term and short-term goals.

Determining useful KPIs is one the most important tasks of managers. KPIs based on the organization’s objectives are essential components of an effective and helpful dashboard. What you will see on the dashboard will largely depend on how you specify your KPIs.

Read more at http://www.infocaptor.com/dashboard/dashboard-bi-tools-for-pharmaceutical-industry


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How Can Metrics, Analytics, and Dashboards Help a Struggling Entrepreneur

Startups or even a small business should take advantage of business intelligence tools. Especially for entrepreneurs who are considering themselves to be struggling in making ends meet, leveraging data can be their ticket to better operations, boosted sales, and overall business success.

When we talk about business intelligence, there is no specific reference to just one piece of software but a collection of programs that exist to help people collect and assess good data.

Aside from multiple programs, BI tools also include elements that can help improve business practices, maximize infrastructural investments, optimize performance, and enhance decision-making processes.

Business intelligence tools like metrics, analytics, dashboards, and key performance indicators can help small business owners to pull together a wide variety of details not only from external sources but more importantly from the different parts of the business itself.

These tools then collate raw data and they churn out reports, charts, graphs, and assessments that are easy to understand. Basically, the tools perform all the analyzing and what startups are left with are details that they can immediately use to take action.

The time it takes to collect the data and produce usable insights is significantly reduced. This saves the struggling entrepreneur valuable time that can be used to take proactive actions towards improving the business.

The great thing about business intelligence tools like key performance indicators for example is that they can be used by startups to look at all aspects of their business.

It can provide valuable information showcasing sales performance and strategy effectiveness. Even things like staff performance and costing can be assessed in no time.

When a small business starts to experience problems, often it is because of things like excessive wastage, non-optimized inventory levels, inefficient costing, and undeveloped business protocols.

Business intelligence tools can help address all these issues, if not more, and help a company understand where they are making mistakes and where they need to invest more effort and control.

For a small business, there are several key performance indicators that should be focused on

Read more at http://www.infocaptor.com/dashboard/can-metrics-analytics-and-dashboards-help-a-struggling-entrepreneur


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Business Intelligence for the Finance Industry

The banking and finance industry is experiencing continuous changes brought about by advances in technology. The changes are welcome – however not without the accompanying challenges. As a result, the kind of market we now have is dynamic and Wall Street is making the necessary adjustments, not to dampen vibrancy in the market, but to improve strategies in line […]


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Benefits and Use of Analytics for Insurance

The world in which we live is a volatile world, a fact that doesn’t bode well for the insurance industry whose greatest ally is “certainty”. Analytics, however, can somehow fill the gap. In this regard, BI reporting tools such as data visualization software are extremely useful. Advanced analytics for insurance allows all stakeholders in the industry to identify new growth opportunities […]


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List of Visualizations and Chart Engines

The internet is quickly filling up with wonderful visualizations and this is because of greater awareness that "Visuals are better than spreadsheets" for conveying the story. This couldn't be possible without the innumerable Charting engines made available by the dedication of open source developers. Checkout the wonderful and interesting list of charts and engines that were submitted […]


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List of “Dashboard” Startups and Products

The idea of building a dashboard application has become synonymous to the idea of a developer thinking let us build a "To-do" application. This is evident by the sheer amount of dashboard related applications that developers/founders have submitted to Hacker News over the past several years. The dashboards range from wide spectrum, on one side […]


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Reporting and Dashboard Automation for Marketing

Marketing Reporting and Dashboard Automation For anyone who works in the marketing sector, customer satisfaction and company progress are of utmost importance. In the past, entrepreneurs lived by the adage “The customer is always right.” Even then, the satisfaction of customers was the gauge of company owners as to what products or services they would […]


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How to create Teradata Server Dashboard

Teradata delivers better business outcomes through technology-enabled solutions in the areas that matter most � from operational excellence and asset optimization, to customer experience and product innovation, to finance transformation and risk mitigation. It works with leading businesses in over 75 countries worldwide including many of the top performers and best-known brands in telecom, transportation, […]


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How to make dashboard using PostgreSQL database

PostgreSQL is a powerful, open source object-relational database system. It has more than 15 years of active development and a proven architecture that has earned it a strong reputation for reliability, data integrity, and correctness. It runs on all major operating systems, including Linux, UNIX (AIX, BSD, HP-UX, SGI IRIX, macOS, Solaris, Tru64), and Windows. […]


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