Analytics vs. Reporting: What’s the Difference?
Although analytics and reporting may sound the same, they aren’t. Dive into the difference between the two to learn which one you need.
Reporting | Sep 24
Here’s the truth: using multiple tools or visiting countless websites to monitor your organization’s performance is a giant pain in the butt.
You’ve got too many important things on your plate to try and remember login details or waste valuable time jumping back and forth between
You’re more than likely going to reach a point where having all of your data in one place doesn’t just sound nice… it’s a necessity!
That’s where a KPI dashboard can become your best friend.
KPI dashboards can make reading, interpreting and working with data easier and much more enjoyable. There’s something comforting about having all of the information you need in one spot – and if that’s not the case for you right now, you can make sure it is moving forward!
If you find yourself overwhelmed by numbers and buried in reports, feel like you need to gain a better sense as to how your business is performing up-to-the-minute or you feel you’re too inefficient, it might be time to invest.
Here are a few signs you’re ready for a KPI dashboard:
(1) You Are Buried in Data
Given the multifaceted nature of today’s organizations, everybody is reporting on their daily, weekly, monthly, quarterly and annual performance.
That’s a lot of numbers.
And the irony of it all is that this information is supposed to be helping you, not leaving you feeling overwhelmed and pushed to the brink, right?
It’s not a stretch of the imagination to think you’ve probably already had moments where you’ve wondered why receiving and processing this data isn’t easier in 2016.
Well, it can be – and in fact, is thanks to KPI dashboards.
By investing in a dashboard solution that helps you pay attention to what matters, you can streamline all of the pertinent information you need to know about your business in one spot, accessible wherever you go on your smartphone.
Yep, it’s that easy.
KPI dashboards can help get you out from under data overload and feeling much more comfortable with the insights and analytics that you need to know, when you need to know them.
(2) You Want to Measure Your Results in Real-Time
Sometimes it’s not feasible to wait for the monthly or weekly report to come out when you need to know facts before making key decisions for your business.
Having access to data from a variety of sources and platforms in real-time, at your fingertips in a KPI dashboard can eliminate the waiting game entirely.
There’s something to be said about being able to call up key figures and trends whenever you need to. Maybe you’re in a meeting and get thrown a curveball. Or say you’re trying to bridge a gap within with your organization and need to have the numbers in front of you at all times… KPI dashboards make this possible as your business’ every move can be tracked and customized to fit your needs, whatever they are.
Staying connected in real-time is a surefire way to stay on top of day-to-day progress and operations.
(3) You Need to Become More Efficient
The importance of working smarter, not harder has never been more relevant to humans than it is in the Digital Age.
Nobody wants to feel like they’re spending meaningful minutes each day waiting for websites or apps to load.
And by the same token, you’re just too swamped to be able to meet with all key stakeholders in your organization on every single decision or issue they’re faced with.
The name of the game is efficiency – and a KPI dashboard can increase your efficiency in extreme ways.
Think about it: why visit Google Analytics, Hubspot, Twitter and Salesforce and sift through dozens of screens and different platform layouts when you could integrate all of the information you need into one spot?!
Investing in a KPI dashboard to streamline your data and make accessing it in a way that best fits your schedule and routines makes a ton of sense.
By injecting a greater sense of efficiency into the processes you follow to stay informed on how your business is performing, you will feel a greater sense of control over organizational outcomes.
Are you ready to create a custom dashboard that helps you pay attention to what matters, is easily customizable and can be rolled out to your team quickly? Databox does all of this and more, from creating scorecards to setting custom alerts, to receiving performance updates in Slack, sign up here to get started for free, see how we can truly make you feel more connected to your data.