Increasing revenue with data dashboards

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Categories: Dashboard Tutorial

Some people think of a data dashboard as nothing more than a pretty visual aid, but when properly used, the dashboard can be a key tool in increasing business revenue. By monitoring meaningful metrics and responding relevantly, you can boost your business and raise your revenue. Isn't that awesome?

Select the KPIs to Monitor

One of the critical components of a successful dashboard is the selection of the key performance indicators (KPIs) that are most important to measure. A snazzy looking dashboard is no use if you're monitoring meaningless metrics.

The KPIs that matter most to you will vary depending on your business. You might be looking at renewal opportunities and renewal results, sales process, performance drivers, customer feedback, traffic, conversion, and any number of other indicators.

You want to create key performance indicators that highlight the aims of your organization. Maybe that means mining new potentials, identifying levels of team performance, making cold calls, and other activities that will generate higher revenue.

Don't obscure your vision by overloading your dashboard. Pick the most meaningful KPIs, and create a dashboard that allows you to "drill down," or click on graphs to see more detail on any specific statistic.

Sep
9

Dashboards For Banking

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Categories: Dashboard Tutorial

The integration of huge financial data, time sensitivity and security restrictions is an extremely complex process. In this regard, the banking sector has found dashboards to be useful.

There’s no doubt your own institution grapples with humungous sets of data. Because of the large volumes of data and the manual treatment given to it, it is highly likely that you cannot make sense of these data in a way that you can fully take advantage of them.

Given that as the case, a performance metrics dashboard can fill the gap. By making available data easily analyzable and findings utilizable, you can gain insights of how well your processes are doing. Dashboard snap shots can provide a lot of information helpful in decision-making.

What can a banking dashboard can provide?

Here is a quick look on what information a banking dashboard can provide:

  • A dashboard can give you information on the performance of your new products and effectiveness of your pricing policies.
  • With it, you can also gain insights on performance problems. In this regard, you can make use of the dashboard’s drill-down performance.
  • The dashboard will enable you to view of real-time operational information. Specifically, the dashboard will give you information on credit risk, operation risk, sales team performance, and service utilization.
  • With this tool, you can do analysis on profitability and perform margin analysis.
  • The dashboard will allow you to do away with periodic reporting. This is because the tool will give you information on a day-to-day basis.
  • Lastly, this tool can give you vital information of the past and present performance of your institution. What’s more is that it will give you possible scenarios for your bank in the future.

Learn more at http://www.infocaptor.com/dashboard/performance-metrics-and-reporting-dashboards-for-banking

Jul
7

Business Intelligence for the Finance Industry

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Categories: Dashboard Tutorial

The banking and finance industry is experiencing continuous changes brought about by advances in technology. The changes are welcome – however not without the accompanying challenges.

As a result, the kind of market we now have is dynamic and Wall Street is making the necessary adjustments, not to dampen vibrancy in the market, but to improve strategies in line with the changing technology. That requires developing new tools and implementing them correctly.

Business Intelligence (BI) Tools for Financial Institutions

There are a lot of tools that have been developed and ones that are worth discussing about are business intelligence tools that help managers identify better management practices and make smarter business decisions. A finance management dashboard is one of these tools.

Here’s a quick look on how this kind of instruments can help in those areas and in other areas such as profitability, reduction of risks and creating competitive advantage.

  • Operational Efficiencies

Improving efficiency is a key to winning in the competition. BI tools can analyze how efficient are the operational processes leading to maximization of resources and expertise and to reduction of operational cost.

How good are you at customer experience? A dashboard can help you improve this at the point where your employees and customers come face to face.

  • Products and Services

BI tools do not only allow managers to track which products and services are performing well but also give them insights on the needs and experience of their customers.

  • Marketing

Do you want to know the best market segment to target? A simple dashboard is all you need to have a good picture of it. The tool can also show you which customer profile gives you the highest revenue and the one that should be put lowest in the list of priorities.

  • Customer Retention

There are customers who are loyal to you. You need to know the reasons why they are staying with your business, but you also need to identify why others are leaving.

Business analytic tools can help you determine the reasons why and lead you to taking steps to improve your retention rates.

  • Risk Reduction

This is an ever-changing world where nothing is 100% certain. How would you keep track of your customers and internal organizations so that you can early detect possibilities of fraud?

You can use BI tools for this. There are also lots of benefits from knowing your clients’ financial capacities, which a dashboard can provide you 24/7.

  • Investment

At some points, managers run out of invest ideas and strategies. The good thing about BI tools is that they can bring in “new” results from real-time data.

New results mean new things that can be explored further for better decision making and development of new approaches to investing. That’s the kind of data and analysis only a dashboard can bring to your organization.

As an example, the number of cars on a shopping mall’s parking lot can be useful in triangulating consumer research. Recently, images from satellites are used to gather data of the global supply of fuel.

These and more examples clearly show how indispensable BI tools can be in the conduct of modern business.

Read more at http://www.infocaptor.com/dashboard/business-intelligence-for-the-finance-industry

Jun
6

How to create dashboard for Hadoop Hive Database

admin
Categories: Dashboard Tutorial

HiveServer2 is a service that enables clients to execute queries against Hive. It supports multi-client concurrency and authentication.

Are you using Hadoop Hive for your data marts or data-warehouse? If so, build your Free Hadoop Hive web dashboard software.

A Hadoop Hive dashboard visually summarizes all the important metrics you have selected to track, to give you a quick-and- easy overview of where everything stands. With real-time Hiveserver2 SQL reporting reporting, it's a live view of exactly how your marketing campaign is performing.

  • Better Decision Making
  • Gain Competitive Advantage
  • Enhance Collaboration
  • Spotting potential problems
  • Merge with data from Excel Dashboards
  • Live SQL against database
  • No need for Data-warehouse or ETL
  • Leverage the speed and stability of your powerful database.

Read more at http://www.infocaptor.com/ice-database-connect-dashboard-to-hiveserver2-sql

Apr
4

How do you get Rich and successful ?

admin
Categories: Dashboard Tutorial

Apr
4

Increasing revenue with data dashboards

admin
Categories: Dashboard Tutorial

Some people think of a data dashboard as nothing more than a pretty visual aid, but when properly used, the dashboard can be a key tool in increasing business revenue. By monitoring meaningful metrics and responding relevantly, you can boost your business and raise your revenue. Isn't that awesome?

Select the KPIs to Monitor

One of the critical components of a successful dashboard is the selection of the key performance indicators (KPIs) that are most important to measure. A snazzy looking dashboard is no use if you're monitoring meaningless metrics.

The KPIs that matter most to you will vary depending on your business. You might be looking at renewal opportunities and renewal results, sales process, performance drivers, customer feedback, traffic, conversion, and any number of other indicators.

You want to create key performance indicators that highlight the aims of your organization. Maybe that means mining new potentials, identifying levels of team performance, making cold calls, and other activities that will generate higher revenue.

Don't obscure your vision by overloading your dashboard. Pick the most meaningful KPIs, and create a dashboard that allows you to "drill down," or click on graphs to see more detail on any specific statistic.

Apr
4

5 top factors for amazing dashboard building

admin
Categories: Dashboard Tutorial

When it comes to putting together an amazing marketing dashboard, your success depends on a number of key factors. You want to choose the right metrics to watch, and you want a dashboard that's well designed to deliver the information you need, in the best format.

Your dashboard should contain all the key information you use to continue making informed decisions about your marketing campaign. And it should be easy to interpret at a glance.

Here are some of the key factors to consider as you construct a truly amazing dashboard experience.

Read more at http://www.infocaptor.com/dashboard/the-top-5-factors-for-building-amazing-dashboards

Mar
3

How To Add Descriptive Titles to Chart Legends

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When creating a bar chart or indeed most types of charts in Excel, you will usually end up with a simple legend that labels your data without any description. For example if you create a stacked column chart with three color-coded data series you will need a legend to explain the colors. While Excel will automatically put labels on them, such as Sales, Expenses, etc. you may wish to provide additional information.

In order to do this you must first create your chart in the normal way, with a typical legend. Suppose your information reflects increases or decreases of some KPI, such as profits. Assuming your profit figures are in the column A3 to A10, you can set up a formula such as this…  =IF(A10>A3, “up arrow symbol”,”down arrow symbol”) & “Profits by”&TEXT(A10/A1-1,”0%”). You can repeat this process for each of your data series.

You must now add text boxes at the bottom of your chart where your descriptions will be placed. Click on ‘Insert’, followed by Textbox, after selecting the chart. Make sure that you format the text boxes so that they have the same colors as their corresponding data series’ on the chart. Then you can select the first text box, and in the formula bar you can add the formula that you have already set up to provide the correct legend for this data series. This step should then be repeated with the other text boxes.

Mar
3

Format and Group Small Slices in Pie Charts

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Although pie charts are quite common and almost universally understood, they are often misused. While they are suitable for data sets with a small number of data points, many people often try to use them for data series with multiple points. This means that they end up with a chart that has so many segments it is almost illegible and generally unintelligible. While it is best to avoid pie charts if your data set is above a certain size, there may be occasions when you feel obliged to use one for certain reasons. In cases such as these, it is best to make use of a pie chart where any small segments are grouped together as one unit.

When creating a chart like this you should take the standard approach of selecting your data and then click on ‘Insert’, followed by ‘Chart’. Then choose a ‘Pie of Pie’ chart. This will give you a large pie chart, with a smaller pie chart providing a ‘blow-up’ view of the smallest segments. Once you have created your chart you can then right click on it and select ‘Format Series’. Choose ‘Series Options’, and then Split Series By Percentage Value. You can then choose which segments will be shown in the secondary pie chart by setting a percentage limit. Everything below this limit will be transferred to the smaller chart.

Mar
3

How to Create Chart Labels in Different Colors

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When it comes to generating a chart in Excel for your dashboard there is a huge range of options and customisable features. This allows users to create charts that are distinctive and attractive, while also giving them the capacity to build dashboards that are perfectly suited to their needs.

One of the lesser known options that is available with Excel is the ability to add colored labels to your charts. This is a very simple procedure which produce a nice effect. Firstly you will have to apply data labels to your chart, and then format them. Then you right click on the data cell in order to open up the formatting options. From here you will have to go to the ‘numbers’ tab. This tab is generally used as a means to specify how you wish to have the digits in a particular cell displayed. For example it allows you to choose a date layout, a fraction format or a scientific numbering layout. However it is also possible for you to use this formatting menu to choose colors for your data label.

In order to do this you must choose the ‘custom’ option from the menu and then enter a specific colour code. For example, if you want to colour all of your negative values in red, but all of your positive data labels in green, you should input [green]+0%;[red]-0%. This is a very straightforward and logical code that can easily be adjusted to suit your requirements. Once this has been done you can then see that the data labels of your chart have been color coded.

Feb
2