Benefits Of Business Intelligence Dashboards For Executives

By Author: Bappaditta Jana
Total Articles: 65
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With multiple tasks to do, executives must be smart with time. They should have the right tools to address interdependent issues with utmost efficiency. A BI tool is one such tool that can help them to accomplish their goals by providing a consolidated view of their business like never before. Executives always desire to discover ways to get the needful information effectively. A BI powered tool can help them in this endeavour by helping to make informed decisions. It can also help their business to have a competitive edge over those who lack any such tool with the help of built-in dashboards. Here it is time to learn the benefits of dashboards that a BI tool can provide to executives.

Sales

Executives must know about the exact scenario of sales. They must have all the essential sales data at their fingertips to grow their business. Moreover, relying on the IT department to have a custom sales report is not always a feasible option and can cause unnecessary delays in business decisions. With the help of a BI dashboard, executives can know which items are selling and which have a dismal sales performance ...
... without spending too much time or effort. It also enables them to discover new sales opportunities like cross-selling or upselling! They can also know whether they are selling at a low margin to solve issues that hinder their sales growth.

Inventory Operations

Yes, an efficient inventory manager always counts. Business executives can then know about the stock levels in each specific region. However, they still want some means that tell them about every inventory detail. BI dashboards help them by providing a comprehensive view of their business. With such dashboards, it becomes easier for executives to dive deep into their inventory data. They are also quite effective to let them know the reasons behind these happenings. In short, they allow them to look beyond their regular data and get rare insights that empower them to make decisions to overcome the bottlenecks in inventory operations.

Customer satisfaction

For any business, customer satisfaction is a crucial factor to achieve success. So, executives make a lot of effort to ensure customer satisfaction at the highest level. They also invest a lot of time and effort to know the reasons encouraging some existing customers to buy less or stop any purchase over a period. They mainly do this by analyzing their business data and devising new strategies. However, the BI dashboards give them valuable insights such as customer buying patterns, market trends, customer behaviour, unresolved customer complaints, and much more. All these help them immensely to retain their customers like never before!

Business executives always face the problem of having less time to do so many things. So, having a business intelligence dashboard will help them to have a comprehensive overview of each aspect of their business. Whether it be sales, inventory operations, customer satisfaction or just anything, business intelligence dashboards are now a must-have for executives to deliver an impressive performance.

Bappaditta Jana is a blogger who loves to spend his free time engaging in sports or gardening. Based in Kolkata, he is currently working with EasyReports an IT firm that has developed a BI reporting tool that can easily integrate with Tally ERP and many other applications.