How Can Your Data Speak for You
There are many available dashboard software packages on the market. However, few of them provide a comprehensive and visually informative user interface. How to develop your own dashboard and apply advanced analytics in your company?
Dashboards are required tools for those companies working with large amounts of data. Statista forecasts that the big data revenue will reach $33.5 million by the end of 2017. In 2023, this value will grow by a further 135%. Implementing efficient data analytics solutions allows businesses to increase their income.
According to the 2017 Big Data Executive Survey held by New Vantage Partners, 80% of surveyed industry-leading companies stated that their big data investments were profitable. That’s why improved analytics and comprehensive dashboards are the next tools to invest in.
Why Data Analytics Is Important
Information is a valuable economic resource. Dashboards help process information faster and make better decisions. The most important advantages of dashboard usage include:
- Transforming large amounts of data into a page with short results.
- A capability to compare results by various parameters.
- Due to accurate and clear analytics, you can identify more prioritized indicators.
How to Reveal Secrets of the Dataset
A dashboard is a fast and flexible tool for data presentation that uses ready-made graphic objects. Data can be visualized in many ways: diagrams, graphs, and maps. However, there is a set of required principles good dashboards should follow.
Segment Data Wisely
A good usability is a required characteristic for any dashboard. A comprehensive user interface allows employees to fast retrieve needed data and analysis results. That’s why a home page of your solution should not be overloaded with secondary data. Furthermore, you should use the most convenient types of graphs and charts for different types of data.
Existing chart types that can be used in dashboards include:
- Line charts;
- Bar charts;
- Pie charts;
- Bubble charts.
Think which charts should be used to visualize data in every specific situation.
Stick to One Color Palette
Colors play a significant role in understanding both graphs and charts. In dashboard development, you can either follow a colour palette of your brand and logo or choose other colours to increase the visual comprehensiveness of your solution. One way or another, you should pick two or three colours and stick to them. Indeed, you can play with gradients.
Make Your Graphs Comprehensive
The speed of processing analysis results is crucial for making effective business decisions. Therefore, you should avoid complex charts that are hard to understand quickly. Keep your both graphs and charts simple, logically ordered, and structured.
Choose a Convenient Layout
Choosing the right layout is not only about placing charts on a dashboard. In fact, the placement of charts should coincide with a specific logic based on related metrics. Moreover, the first pages should contain the most important data.
Good Dashboard Examples
The correct data visualization helps to speed up the results analysis using both quantitative and qualitative parameters. In this paragraph, you will find some examples of good dashboards.
Wave’s dashboard looks clear and well-structured. The whole user interface follows one colour palette which focuses user attention solely on those charts that needed. Furthermore, each graph presents enough data to make it easy for users to quickly make correct conclusions.
In Wufoo dashboard, we can see one specific color pattern in all interface elements. This dashboard is quite well-structured and allows users to quickly find necessary metrics. The dashboard provides various filters that allow analysts to display needed results in few clicks.
A design of Fox Metrics’ dashboard first draws attention to the most important metrics. This approach helps save time on a search for necessary results. The solution displays a large amount of data, while its well-planned layout and correct displacement of charts keep the whole interface comprehensive and clear.
The speed of analysis and access to key indicators facilitate the decision making and strategy development processes and makes them fast and simplistic. Effective dashboards can collect and process nearly any data and take it from any resources: your server (the load, ping time, the number of registrations), social networks (the latest messages on chosen topics, the number of followers, the most popular topics), or other services such as weather, news and so on.
Our team specializes in data-driven solutions and will be more than happy to help you develop and deploy comprehensive and well-structured dashboards in your organization. Send us a note at firstname.lastname@example.org and start using your data efficiently!