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In the times of this dangerous pandemic when the whole world was facing a complete lockdown situation, the essential businesses were still operating amid the pandemic to provide for the requirements of their consumers. But at that point in time still, these manufacturing concerns were not running in full capacities. Because of which it was becoming difficult for the business managers and owners to operate it efficiently. Also, they were lacking in making a decision due to the lack of required data and information. The businesses that were operating manually or digitalized both had the information with them. But the manual organizations lacked people or resources who easily interpret this information. And on the basis of these interpretations, these businesses tend to make decisions. On the other digitized companies were using the Business Intelligence Dashboard (or BI Dashboard) for this whole thing.

And the management can make decisions with the use of this graphical representation of data with BI reports.

What is Business Intelligence Dashboard?

A Business Intelligence Dashboard, or some people call it Business Dashboard, is a tool that helps businesses in their reporting needs. BI Dashboards is a reporting and analysis tool that provides different Data Visualizations for simplifying data like the status of Key Performance Indicators (KPIs) and other relevant information.

TranZact's Business Intelligence Dashboard. (BI Dashboard)
TranZact’s BI Dashboard

And this graphical representation of business data helps users and policymakers in companies to take appropriate steps for improving the position of business in the market.

Features of Business Intelligence Dashboard

The BI dashboards help to analyze data from key datasets, to improve business decisions. So that’s why the dashboards should get purpose-built and designed as per the organization’s needs.

The modern BI dashboards provide the users with both historical and real-time data analysis. Further, the users can customize these dashboards. In addition to that, the dashboards are interactive, and users can get detailed information with dashboards in the form of BI Reports.

Benefits of BI Dashboarding

The Business Intelligence Dashboards are making the companies able to provide the complex data available to all of their users. Additionally, making it easier and understandable for users belonging to different backgrounds of work.

So let’s understand what all more benefits BI Dashboards provide –

  1. These dashboards help the management of a company in performing activities like Strategy Planning and effective Decision-making.
  2. The BI Dashboards helps in recognizing the Business Trends. Accordingly, provides the analysis that if the particular trend can become an Opportunity or a Threat for the company.
  3. With the help of BI Dashboard, the sharing of information can get easily done between different departments. And this process also increases the participation of the various departments in the decision-making process. Further, making it more efficient.
  4. The modern BI Dashboards pull out both historical and real-time data for the reporting and analysis part. And the users can customize these dashboards as per their needs for different goals.

Way Forward

With the help of this blog, you may have learned about the importance of the Business Intelligence Dashboard. So as to implement this tool in your organization, you all have to use business automation or business intelligence tool in your organization.

Therefore businesses can choose any software solution available in the market which offers the BI Dashboards module for themselves.

But they should keep in mind whether the software solution is satisfying all their needs or not and is perfect for their nature of business. So for the small and medium enterprises and manufacturing concerns, TranZact is one of the best software solutions that offer BI Dashboards solutions.

Read More about – ERP for SMEs? Think again

TranZact is a zero-effort digital transformation tool and platform for SMEs to digitize business processes right, from customer inquiry to dispatch. Additionally, its Business Intelligence Dashboard feature provides insights into your top customers, products, or where did the business flourish more. And on this information basis, you can make better data-driven decisions.

The TranZact team provides their digitizing tool on a Freemium policy. Because we want our customers to take a step forward in digitizing their businesses without having to think over silly amounts of money. Further, the organizations must choose TranZact or any other software only when it meets all their requirements.

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