A digital dashboard serves as a tool for visualizing data and providing real-time insights into key performance indicators (KPIs) and other relevant metrics. It enables decision-makers to quickly identify trends, uncover opportunities and risks, and make data-driven decisions. In today's data-rich corporate environment, making informed decisions is crucial for success. However, with the vast amount of data available, finding the most important information can be challenging. That's where digital dashboards come in.
 

In this article, we will provide a comprehensive explanation of the definition and benefits of digital dashboards. Additionally, we will offer tips and examples to help you create efficient digital dashboards and enhance your understanding and utilization of digital dashboards.
 

A digital dashboard is a practical application of business intelligence that combines key performance indicators and data into a single dashboard. It visually presents the current status and historical trends of a company, aiming to assist in decision-making by providing clear overviews through actionable insights, real-time information, and digestible visual formats.

Digital dashboards offer several advantages for businesses. Here are five key benefits:

• Accessibility: Digital dashboards provide intuitive data visualization features that make it easy for anyone to understand and utilize. This enables employees at all levels to access data and insights to improve their work.
• Decision-making: Digital dashboards centralize data processing and display, facilitating data-driven decision-making and clarifying business goals. Users can analyze important metrics and gain insights quickly, leading to faster decision-making across various aspects of the business.
• Flexibility: Digital dashboards are highly customizable, allowing users to visualize relevant data in one place. Additionally, they can be accessed via mobile devices, enabling employees to quickly access information regardless of their location.
• Business intelligence: By accessing past, real-time, and predictive analytics, as well as clear indicators for growth and development, digital dashboards enhance the business intelligence skills of teams, giving them a competitive advantage.
• Benchmarking: Digital dashboards feature dynamic visual key performance indicators (KPIs) that provide real-time information and help businesses define benchmarks aligned with their objectives.

Next, we will introduce some practical examples of digital dashboards in reporting apps used in various companies.

Note: All the financial analytics examples shown in this article are created by FineBI, a powerful BI tool that has been honorably mentioned by Gartner Magic Quadrant for ABI Platforms in 2023. You can download FineBI for free and have a try!

The Marketing Digital Dashboard serves as a business intelligence tool, offering a concise and comprehensive view of marketing-related data. Its purpose is to provide immediate and continuous access to marketing performance data. Key characteristics include a thorough understanding of marketing performance and the ability to make regular and prompt adjustments to marketing strategies. The marketing team may track a number of crucial metrics about their digital marketing, website performance, and digital advertising campaigns by using this dashboard.

The KPI Digital Dashboard focuses on Key Performance Indicators, which are measurable metrics used to evaluate a company's performance. This dashboard employs interactive charts and data visualizations to showcase all KPIs, enabling deeper analysis and informed decision-making. It helps assess business operations and objectives, as well as analyze the data behind the KPIs to identify actionable insights. 

The Project Digital Dashboard, also known as a project management digital dashboard, tracks projects and provides real-time monitoring of important metrics, similar to a car dashboard giving feedback to the driver. Its main attributes include tracking project progress through real-time data updates and supervising team performance using key metrics.

It offers a succinct summary of crucial data regarding the progress of your project at this time. Viewers can track crucial information like progress, costs, quality, and dangers with just a fast scan. This high-level view provides an easy method to keep up with the important KPIs and performance indicators for the project.

The Corporate Digital Dashboard encompasses various data dashboard tools used by businesses. It has four main characteristics: a wide variety of indicators and visualizations, customizable and user-friendly displays, time-saving and reliable data, and an integrated system architecture. It monitors crucial business indicators from a variety of departments, including marketing, customer service, and sales. Real-time consumer reviews and social media references are also included.

A Sales Digital Dashboard gives a summary of key performance metrics (KPIs) such as quota attainment, conversion rate, average deal size, and revenue. These indicators are used by sales managers to monitor how their team is doing in relation to goals and revenue targets and to make necessary adjustments to pay and give bonuses. Additionally, this dashboard enables managers to spot potential concerns before they develop into serious difficulties and take appropriate action.

The Financial Digital Dashboard makes the most significant financial KPIs of the company visually clear so that the rest of the organization may better comprehend the financial health of the company. Employees gain a more nuanced grasp of finances at every level of the firm when they consistently check the company's finances, which increases their awareness of how and when they change.

In the market, various digital dashboard software options exist, including FineBI, Power BI, Tableau, Zoho Analytics, and QlikView. All of these software solutions possess the characteristics and features necessary for digital dashboards.
They should include the following essential features:

• Data Integration: The software should be capable of integrating data from various sources, such as databases, spreadsheets, and cloud-based applications. This ensures that you can access all relevant data in one central location.
• Customization Options: Look for a software solution that offers flexibility in designing and customizing your dashboard. This allows you to tailor the dashboard to your specific needs and present information in a visually appealing and intuitive manner.
• Real-time Updates: Real-time data updates are crucial for accurate decision-making. Ensure that the software can automatically update the dashboard with the latest information, so you can make informed decisions based on up-to-date data.
• Interactive Visualizations: Visual representations of data, such as charts, graphs, and maps, are essential for effective data analysis. Choose software that provides a wide range of interactive visualization options to effectively communicate insights.
   

Among these software options, FineBI is highly recommended. FineBI offers all the essential features mentioned above and more. It provides seamless data integration capabilities, allowing you to bring together data from various sources easily. The software also offers a user-friendly interface with drag-and-drop functionality for effortless customization of your dashboard.

Once you have chosen a suitable digital dashboard software, the next step is data preparation. When creating a digital dashboard, it is necessary to integrate various data sources firstly. This involves gathering, cleaning, and organizing the data to ensure its accuracy and relevance.

FineBI offers powerful data preparation tools that allow you to gather, integrate, and cleanse your data from various sources. For instance,By integrating data into FineBI, it can automatically read data relationships and escape names, add business packages and data tables, and configure data permissions. 

In the process of data editing, you need to input system data for verification, inspection, modification, rearrangement, processing, purification, and organization into a format that is convenient for internal processing.

FineBI empowers users to perform data editing directly within the platform. This feature allows you to manipulate and refine your data without the need for external tools or complex processes. Based on your analysis requirements, you can retrieve data under data access controls, create dashboards, and drag and drop fields. Additionally, you can easily modify, update, or customize your data to align with your specific dashboard requirements. 

Once your data is edited, leverage data visualization tools within the financial analytics software to transform complex data into meaningful visual representations. Utilize charts, graphs, and dashboards to present financial information in a clear and intuitive manner. This visual representation enables easier analysis and identification of trends, patterns, and outliers.
FineBI supports more than 50 types of graphs, covering various basic and high-level charts on the market. It also offers excellent dynamic effects and a powerful interactive experience. You can customize features according to your needs during use, and the dashboards can be displayed on mobile terminals and large LED screens.
 

Digital dashboard software allows team members to share dashboards, reports, and insights with others, promoting collaboration among team members.
FineBI supports collaborative dashboard creation, where multiple users can simultaneously access and edit the same dashboard. Furthermore, features such as public links, platform sharing, and directory publishing make it easy to share dashboards with stakeholders.

When using FineBI, if you need to share dashboards with other departments, business roles, or users, there is no need to go through an administrator. You can directly share the dashboard with specific users.
 

Digital dashboards play a vital role in harnessing the value of data and helping companies thrive in today's digital world. FineBI, as a representative digital dashboard software, is highly recommended for its comprehensive features and capabilities. Why not try FineBI now to enhance your business?

Feel free to schedule a live demo with our product experts. We will gain a clearer understanding of your needs and demonstrate how FineBI can help you and your organization transform data into value.