Dashboards have been one of the highest priorities in the Business Intelligence (BI) marketplace since Gartner’s 2013 Financial Executive International CFO Technology Study. Today’s fast-paced business demands require decision-making to be user friendly and accessible for all levels of the company. Dashboards, scorecards, and similar tools make company performance analysis straightforward. More specifically, dashboards are business intelligence visualizations of company data. They utilize key performance indicators (KPIs) to demonstrate your organization’s trends, successes, and challenges – either collectively, departmentally, or focused on a project.
BI dashboards get their name from the automotive industry, where clusters of instruments (or virtual instruments in the modern world) allow drivers to make educated, real-time decisions based on the speed, temperature, and RPMs. similarly, BI dashboards empower corporate decision-makers to understand the overall health of the company at a glance. Moreover, dashboards in the BI world are crafted for interaction, adjustment, and interpretation, inviting drill-to and drill-down capabilities, allowing you to adequately understand the data from Dynamics NAV to make the best decisions about the future of your company.
Let’s look at some technology and understand before investing in a functionality upgrade to Microsoft Dynamics NAV.
Primarily, dashboard solutions can pull their information from disparate sources. You can produce dashboards live from Dynamics NAV, analyzing real-time data. This option empowers users to know how the company is presently performing. The ability to analyze data in real-time from NAV is optimal when managers, CFOs, or accountants must have real-time reports. They are also helpful to smaller organizations that might not have the time and money needed to manage a BI database, like an online analytical processing (OLAP) cube or a data warehouse.