For the last couple of decades, dashboards have been the mainstay for business executives at the helm of decision-making. In most business settings, decision-makers pore through dashboards to unlock the answer to operational and growth inefficiencies. Those who have suffered at the hands of spreadsheets vouch for dashboards.
After all, they are seemingly easy to read and provide a quick glance at a lot of data in a small space.
However, in recent years, dashboards have become the interface where data goes to die. In this blog, we look at why dashboards have proved ineffective as a powerhouse of insights, and what must be done to counteract that.
Building a dashboard today entails plenty of effort to ensure it is visually appealing. This becomes an expensive, time-consuming exercise that needs trained experts. However, perfect visualization should not be a substitute for real-time insights into the state of the business.
For dashboards to be truly effective, they must relay insights rather than simply pixelate data points.
Dashboards can mask the true value of organizational data. Since not everyone can access or build dashboards, there can be a distrust towards data. This distrust compounds at an organizational level when most employees do not have access or the ability to work on building insights.
To increase transparency and build value, insight-building needs to become a more collaborative, organization-wide effort.
Dashboards aren’t generally as intuitive to use as they might first appear. While they provide data about the state of the business, there is a lack of context around the data. This leads to viewers passively reading or analyzing the data rather than subsuming it into their decision-making process.
That’s why dashboards are relegated to the realm of superficial findings. To inspire meaningful action, contextual intelligence is needed.
Modern data leaders know that the only way to spot the next competitive advantage is immediate and intuitive insight. That’s why the competitive advantage lies with organizations that tap into real-time, actionable intelligence.
With Lumenore’s #AntiDashboards, an executive can instantly compare the actuals vs the plan, and make any business decision that requires data-driven thinking drill down into granular data sets. They can leverage predictive analytics and conversational intelligence to get a transparent view of their operations and drive successful business outcomes.
These dashboards integrate large, disparate, and complex data sources, and help monitor performance in real-time across the business.
You can save time and effort by adopting Lumenore’s #AntiDashboards approach. Make quicker and smarter decisions by developing dashboards on a ‘No-Code’ platform that allows you to configure insights to suit your business needs.
#AntiDashboards take you away from relying on a dashboard developer, and towards making each team member a ‘Citizen Data Scientist’. With this approach, not only can they access enterprise’s data in a quicker and simpler way but also deliver actionable insights.
It’s 2021. It’s time that complex dashboards are abandoned. It’s time that enterprises reduce the gap between data and data user’s needs. It’s time that enterprises adopt the #AntiDashboards approach towards business development and growth.
We encourage you to register and watch our inaugural webinar on Enabling Powerful Multi-Channel Data Analytics. And look for more Lumenore webinars soon.