How are dashboards useful in business?

Business Dashboards are the tools that are useful that provides a snapshot of the most important number that needed to conduct an effective business analysis. It provides a quick glimpse of the performance of the company by the higher level managers. There are many ways that how dashboards are helpful in the business. Some of them are as follows:

·         The primary function of the dashboards used in business is similar to the function of a     dashboard used in an automobile.

·         Many industries already utilize dashboards to help plan organizational strategy and gauge past performance. For instance, dashboards are used in the health care industry to monitor various trends and prevent bigger problems from occurring.

·    Some dashboards provide the convenience of being able to customize the dashboard's components to meet the individual needs of each business. (Media, 2001)