Business Finance Homework Help

What is a “digital dashboard”?  Who should the information be tailored for?  Does dashboard information need to be real-time?  Why or why not?

Attach a screenshot of one digital dashboard that is used in a business.

PROFESSOR’S GUIDANCE FOR THIS WEEK’S LE:

Any dashboard used by a business falls into this category. The term “business dashboard” specifically refers to reporting tools that fulfill these purposes:

• Tracking important business metrics
• Monitoring business intelligence initiatives
• Reporting data to stakeholders

An effective business dashboard should focus on top-level data related to the overall success of the business. In most cases, every metric in the dashboard should support the business’ most important metric: the bottom line. The goal of a business dashboard is to not only communicate data about the business’ success, though; it facilitates understanding ad alignment between departments, holds each team accountable for their goals and progress, and helps users identify areas that need immediate action.