Operational Indicators
Business Dashboard
Creating Visual Dashboards
Information
Insight Analysis
Market Forecasting
Business Intelligence
The Role of Analytics in Performance Management
Maximizing ROI with Predictive Analytics 
Healthcare Patient outcome predictions and resource allocation Improved patient care and reduced
operational costs Marketing Customer segmentation and targeted campaigns Higher conversion rates and customer retention
...This includes identifying key performance
indicators (KPIs) that align with business objectives
...
Business Dashboard A business dashboard is a visual representation of key performance
indicators (KPIs) and other relevant data that helps organizations monitor their performance and make informed decisions
...Type Description Use Case
Operational Dashboards Focus on monitoring real-time operations and performance metrics
...
Creating Visual Dashboards They provide a graphical representation of key performance
indicators (KPIs) and other relevant data points, enabling organizations to make informed decisions quickly
...Dashboards can be categorized into several types:
Operational Dashboards: Focus on real-time data and operational metrics
...
Information information can be derived from various sources and is essential for understanding market trends, customer behaviors, and
operational efficiencies
...External Sources Data obtained from outside the organization Market research, social media, economic
indicators Public Sources Data available to the public Government publications, academic research, industry reports
...
Insight Analysis It involves interpreting data to inform business decisions, enhance
operational efficiency, and drive strategic planning
...Performance Measurement: It helps in measuring the effectiveness of business strategies through key performance
indicators (KPIs)
...
Market Forecasting Impact of economic
indicators on sales
...Manufacturing: Estimating production needs based on projected sales to improve
operational efficiency
...
Business Intelligence Dashboards: Visual representations of key performance
indicators (KPIs) and metrics for quick insights
...Increased
Operational Efficiency Identifying inefficiencies in processes can lead to cost savings
...
The Role of Analytics in Performance Management Analytics plays a crucial role in performance management, providing organizations with the insights needed to enhance
operational efficiency, improve decision-making, and drive strategic initiatives
...By tracking key performance
indicators (KPIs), the organization improved patient care quality and reduced readmission rates by 10%
...
The Role of Data Analysts Performance Measurement: They track key performance
indicators (KPIs) to assess business performance and identify areas for improvement
...Operational Efficiency: By analyzing data, they identify inefficiencies in processes and recommend solutions to streamline operations
...
Developing Effective BI Governance Warehousing Solutions Analytics Tools Performance Measurement Key Performance
Indicators (KPIs) Regular Audits and Reviews Feedback Mechanisms Benefits of Effective BI Governance Implementing effective BI governance
...Studies Several organizations have successfully implemented BI governance frameworks, leading to improved decision-making and
operational efficiency
...
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