Nilesh Jethwa

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All about bigdata, dashboards, analytics and visualizations
Updated: 12 hours 55 min ago

Dashboards For Banking

Sat, 2017-07-15 09:30

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

Importance Of Executive Dashboards For Insurance Companies

Fri, 2017-07-14 12:15

Were there times when you became so handicapped because data were not readily available? You demanded for reports for your perusal but the teams were still scrambling for data from files.

This is not happening only to you. It is a common flaw among insurance company managers.

What is being sacrificed when this happens?

  • Companies incur revenue losses.
  • Customer trust erodes.
  • Management loses times in meetings without the availability of concrete data.
  • Tension builds up between the higher management and low-ranking teams.
  • Current problems are not resolved and allowed to pester executives as days go by.
  • Moods flare up.

This has to stop? The solution to avoid such problems from occurring again is to build a KPI executive dashboard. With a KPI dashboard incorporated to your system, you will have access to real-time performance data.

Accessibility to data is always within your fingertips. With a few clicks, important data are all flashed on the screen for your immediate and timely decision-making.

Benefits for the Insurance Industry

Performance dashboards can benefit insurance companies in several ways. Strict regulatory guidelines control many industries such as the insurance sector and the financial services sector.

In these sectors, two things are prominent:

  • Higher need for Innovative customer support and service.
  • High exposure to risk

It is therefore important for these sectors to have accurate and up-to-date information for quick detection of potential problems and to seize new market opportunities. Key Performance Indicator or KPI metrics, presented through clear graphic images, can help in determining the right steps for managers and executives to take to quickly achieve their goals.

Dashboards for Credit Unions

Thu, 2017-07-13 11:25

Business intelligence tools will thrive wherever there is available data that is reliable and accessible. When it comes to BI tools, these work not only by recording and reporting gains, losses, or delinquencies but also aid its users in finding potential opportunities in their industry.

Performance dashboards and other BI tools are increasing in popularity especially for credit unions. This is because these tools help organizations to assess risks aligned with loan portfolios. These also aid them in making informed strategic decisions.

credit union dashboard does more than help the organization manage gains, losses, or delinquencies. It provides more data other than your standard operational reports. They also help measure potential investment opportunities, a rather popular banking KPI.

But for the banking KPI to be of use to the credit union, data should be available to all personnel from the bottom-line employees to the CEOs. And when it comes to data collection, although credit unions have working protocols in place, there are still several challenges that come with the territory.

If the BI tools that they are utilizing don’t have the ability to store long data histories then it would not be easy for these tools to provide its users with historic trends. As such, they’ll require the services of third party agencies, which may provide them with the reports that they need but not in formats that they’ll find usable.

There is also more than one banking KPI that credit unions need to focus on. With the help of a reliable credit union dashboard, they can manage all of these with ease. From updated credit scores to collateral values, credit unions will be able to leverage these pieces of information.

When working with a credit union dashboard, it is important for the organization to consider which particular key performance indicators should be included in their dashboards. This ensures that they will be able to assess relevant data whenever doing so is necessary.

In order to determine the right metrics to focus on, they should discuss their plans, strategies, and goals that they wish to achieve. If credit unions are fully aware of what they want to gain from their investments, they can customize their dashboards to help them make informed decisions from the get go.

KPI Reporting and Dashboards for Project Management

Wed, 2017-07-12 12:41

KPIs enable managers to easily get an insight on how well a project has been handled. Although results are usually taken into account, the use of performance indicators considers all aspects of project management, which often makes KPI reporting more comprehensive as opposed to simple data analysis.

At the end of the day, KPIs provide a way for managers to improve how they handle projects and supervise their own team members. Its contribution to any organization makes it an important business strategy. Here’s a look at what KPI is, what a project management dashboard is, and how the automation of the two can improve project management efforts.

What is a KPI?

A KPI, or a key performance indicator, is a set of numerical representation of an organization’s success as a business. It is also used to measure how a business activity in which an organization has participated in has performed.

To allow businesses to evaluate their performance and success, indicators are defined for each area, division, branch, section, or department of a company. These indicators are then used to create a report that would enumerate in detail the quality of work and results that each section or department has produced.

Choosing the right indicators readily determines the level of improvement that an organization has to go through. This means that wherever a company needs to improve on, it has to be of utmost importance to be included as an indicator in a KPI report.

 

Read more at http://www.infocaptor.com/dashboard/kpi-reporting-and-dashboards-for-project-management

Building a digital dashboard for small business

Tue, 2017-07-11 09:32

You take pains to make the most out of every dollar you earn. Do you have the same attitude for data?

Data that are used optimally for small businesses are great tools to help their owners come up with better decisions.

Digital reporting and performance dashboards can improve a business’ performance dramatically, but that’s only possible in your own situation if you use the right tools and strategies.

Here we will be taking up what it takes so that you can build an effective dashboard for your small business.

It’s easy to build a dashboard and a few questions to answer

Creating a dashboard for performance tracking is not difficult. There are plenty of free resources out there, which we will mention in the next sections.

There are a few questions that you need to answer though before deciding which type of dashboard fits your business best.

  • Who is your audience – It is important that you know who your dashboard’s viewers are. Also, what metrics matter to them?
  • What are the most important metrics – Not only that you determine your audience and the important metrics for them, but you also pinpoint the most important metrics for them.

The most important metrics should appear larger and on the top left hand corner of the dashboard.  That’s the primary part of the screen of your digital dash.

  • When thinking about the metrics to include, you also want to know to which these metrics should be compared.

 

Read more at http://www.infocaptor.com/dashboard/what-it-takes-to-build-a-digital-dashboard-for-small-business

Benefits Of Log File Analysis

Mon, 2017-07-10 13:31

Every time any page is requested from your website by a human or another program or an automated bot, the event is tracked in a log file that is stored on the web server. If you have installed Google Analytics, then google will tell you all about the visitor and page analytics. It will tell you how many users, what are the top pages etc. In the case of Log File Analyzer, you can get similar insights into your visitor statistics and page analytics.

So what is the difference between Google Analytics and Log File Analysis?

What do you do with the information that a typical Log File Analyser generates?

The main difference is Google Analytics will track only the pages that have the GA code added to them. It will miss any information on other pages that does not have the GA code simply because it just cannot see them and won't be able to report on them.

What is Technical SEO and how does it relate to Log File Analysis?

Read more at http://www.infocaptor.com/dashboard/log-file-analysis-for-technical-seo-and-other-benefits

BI tools for Data Driven Culture

Wed, 2017-07-05 12:05

Modern day technology has brought about new business practices that have not only made industries more efficient but more competitive as well. People these days live in what is known as a data-driven environment where instinct or luck does not run the business culture, but by honest-to-goodness facts.

There was a time when business intelligence tools served the purpose of providing industry insights, information on consumer behavior, and even consumption patterns. These days, they do more than just provide tools for effective pre-operational business analysis.

BI tools are currently at the heart of multiple organizations where they use technology to make better operating decisions. And what once was information reserved for the higher ranks is now information accessible to all members of the staff, especially those working at the front lines. It is with this small change that businesses in a data-driven culture can truly differentiate the customer experience.

Some of the most important things that business owners need to do are identify which market forces will play a role in their success and focus on which economic components will help them achieve their goals. Given that there are components of modern commerce that are unpredictable the playing field is evened out thanks to BI tools.

BI tools consist of a series of technologies that make it simpler and more efficient for companies that use them to gather data and analyze them. It can include everything from sales metrics to consumer spending habits or even provide accurate measurements about the effectiveness of an operating strategy.

Read more at http://www.infocaptor.com/dashboard/what-is-data-driven-culture-and-how-can-bi-tools-help

KPI Dashboards for Retail Industry

Tue, 2017-07-04 12:20

The retail industry is highly competitive. It is one of the fastest growing industries worldwide.

Based on the 2015 Global Powers of Retailing Report, the US has

seventy-six of the world’s largest retailing companies. With the growing number of retailers, staying on top will be a tough job.

Retailers who want to rise above their competitors must know all the details about their company. This is where a Key Performance Indicator (KPI) comes to place.

KPIs are helpful in evaluating and monitoring a company’s performance in achieving certain targets or goals. KPIcan also help retailers come up with right business decisions.

Having a KPI dashboard which contains the right data at the right time can help improve the productivity and performance of your company.

While there are many KPIs that a retailer can keep track of, we have compiled ten of the most helpful KPIs for any retail business.

Read more at http://www.infocaptor.com/dashboard/kpi-dashboards-for-retail-industry

Reporting Tools and Dashboard for Operations Management

Mon, 2017-07-03 12:44

As an operations manager, you play the role of an overseer. You are monitoring the day-to-day operations of your store or business, keeping track of factory efficiency, optimizing logistics and safety. You are practically keeping watch of everything that happens in the business and you find yourself just everywhere.

Being a highly functional entity in your business requires that you have a continuous feed of important information about your business. You need data to tell you everything is running smoothly, or tell you something is not going well. This is where a dashboard can help.

What can a dashboard give you?

With the use of reporting tools, such as dashboards, you can create a data reporting system that can help you have an overall view of your operations whenever you need it.

With a dashboard, you can drill down into important details and identify issues before they spin out of control. Once issues have been identified, you can quickly alert stakeholders about them and help them determine necessary measures to take.

Most dashboards systems are customizable and can be operated through a self-service platform. You can design yours in such a way that you can combine multiple data from different sources and look for correlations among data to help you come up with better decisions for your business.

Operational Dashboards

There are three types of dashboards: strategic, operational and analytic dashboards. The kind of dashboard for people running business’s daily operations is the operational type.

Whereas strategic dashboards are used to monitor key performance indicators and analytic dashboards are used for analyzing huge volumes of data to identify trends and predict outcomes, operational dashboards are used to monitor day-to-day processes.

These processes obviously change minute by minute and the dashboard is designed to capture KPIs and metrics associated with these processes. You expect this type of dashboard to be able to give you very frequent updates. Used to monitor short-time progress towards identified goals, dashboards like this are engineered in such a way that they can be viewed several times during the day giving users different data for each view.

 

Read more at http://www.infocaptor.com/dashboard/reporting-tools-and-dashboard-for-operations-management

Benefit of Dashboard Reporting for Government Operations

Thu, 2017-06-29 12:45

Dashboard reporting has never been more important to the government. Considering the humungous streams of data collected through government agencies and programs, the challenge is how to make sense of these data in a way that they will benefit the organization and perhaps save large amounts of money as a result. The use of this type of reporting has been exalted by the US.

In the US

The US administration flaunted the advantages of using dashboards during the presidency of Barack Obama. They said that using a dashboard is an effective way of collating and filtering data so that these data become useful to decision makers. They credited the dashboard for being able to make them see better the implications of data and act on them appropriately.

One example cited by the government is how a dashboard helped them see the status of their investments, particular in pursuing the advance of technology.

The claim from the administration of Obama was that they were able to make better decisions using the data presented by the dashboard. According to them, this led to billions of dollars in savings and cutting delivery time for technological projects.

The US Congress has communicated a positive sentiment on the matter of using a government dashboard for federal decision-making and operations. It expressed interest in increasing the use of transparency tools, such as dashboards, across federal spending programs.

It is expected that more efforts will be exerted towards this goal and the use of dashboards may even be continued to be implemented after Obama relinquishes his office.

Other governments

Read more at http://www.infocaptor.com/dashboard/dashboard-reporting-for-government-and-how-it-can-benefit-government-operations

Benefits of Dashboards for IT

Wed, 2017-06-28 09:54

 
The process of examining sets of data using specialized computer systems is called data analytics or data analysis. These computer systems make data easier to interpret by transforming, arranging, and modeling it to form patterns.

Data analytics tools guide businesspeople in coming up with better business decisions. Researchers and scientists also use these tools to evaluate scientific hypotheses, theories, and models.

Real-time report of data about the performance of a company, a specific department, a project, or group of employees can be accessed through a so-called data analytics dashboard. This is an information management tool, which monitors a group or a company’s metrics, key data points, and key performance indicators (KPI).

A dashboard can be customized according to a department or a company’s needs. It connects to your attachments, services, files, and Application Program Interface (API).

IT Management Dashboards

Some of the available dashboards for IT include the following:

 

Read more at http://www.infocaptor.com/dashboard/data-analytics-and-benefits-of-dashboards-for-it

Important Metrics for Food and Beverage Industry

Tue, 2017-06-27 09:54

The food beverage industry can be extremely demanding if not highly competitive. Hence, it is important for managers and staff to remove guesswork from their vocabularies and instead utilize a dashboard app or two that will be able to assist them in running the business effectively, efficiently, and profitably.

Aside from standard excel dashboards, there are other reporting tools that focus on various metrics and KPIs that ensure that restaurants know what their strong and weak points are, where they are doing great service and earnings wise, and where they need to take more action and implement better controls.

Especially now that we live in a data-driven environment where access to real-time information is easier than ever, there is no reason for restaurants not to use excel dashboards to monitor their daily operations. There are distinct areas that need to be focused on and here they are:

  1. Kitchen
  • Food Cost

By comparing weekly food sales with purchases, your dashboard app will tell you whether you’re profiting from daily kitchen operations or not. Even spoiled food and other wastage are computed to determine the overall cost.

In the food beverage industry, there are certain percentages for food costs that are acceptable and those which are simply unjustifiable.

  • Kitchen Labor

It is also important for managers to know whether they have too many staff working in the kitchen at said hours of the day or not.

Read more at http://www.infocaptor.com/dashboard/important-metrics-and-kpis-for-food-beverage

Benefits of Exetuvie Dashboards for Call Centers

Mon, 2017-06-26 08:54

Managing a call center is no easy feat, hence, business intelligence tools such as an executive dashboard can be tremendously helpful.

Call center management needs constant attention. Managers should focus on the latest performance metricsand important industry KPIs. Taking these into consideration, arming company executives with a reliable call center dashboard is worth its weight in gold.

Keeping a watchful eye on all the activities of the call center that you’re managing can help you increase overall productivity, and business intelligence tools should will play a major role. Not only will you be able to reduce handling times significantly but also be able to meet the obligations of your service level agreements hassle-free.

With the industry of call centers being one of the most competitive these days, providing clients with the highest level of service is the ultimate goal and you can assure service quality when you have an executive dashboard in your arsenal.

It works by increasing the visibility of real-time metrics that are crucial to your business. With a dashboard app, you can access vital information immediately and address any issues before they become potentially damaging to your company.

In any call center dashboard, there are several performance metrics that you have to pay close attention to and here are some of them:

Read more at http://www.infocaptor.com/dashboard/executive-dashboard-analytics-for-call-centers

Importance of Business Intelligence for Education

Sun, 2017-06-25 12:54

Providing quality education and running schools as a business are becoming more demanding these days. To maintain the efficiency and effectiveness of K-12 education, schools should really invest in reliable business intelligence tools.

Armed with the right BI tools that focus on several key performance indicators, they will be able to run the school well, as a business, and provide the necessary educational resources to those who depend on them for knowledge.

There is a lingering problem across the world wherein school administrators are expected to make magic with as little funding as possible. Usually, more funding is provided to facilities that deliver exemplary results in terms of student performance.

This is why the school board should monitor KPI metrics that will help them manage their operations and ensure that they provide the best educational resources to the students attending their facility. In doing so, they can generate the kind of performance that will generate them much needed financial support to continuously improve their offerings.

Information relating to school fees, student population, daily attendance, class sizes, program offerings, academic results, and the like are all essential key performance indicators. And with heavier competition to attract new students and supporters, a reliable performance dashboard becomes all the more necessary.

Read more at http://www.infocaptor.com/dashboard/how-important-is-business-intelligence-for-education

Importance of BI tools for Pharmaceutical Industry

Fri, 2017-06-16 12:40

The pharmaceutical industry has been focusing much of its energy on producing the next chartbusting drugs.

However, the industry is also facing challenges in terms of the changing regulations, increasing number of declines on drug approvals and the continuing need to develop high value biologics. Refocusing efforts is imperative.

There are existing processes, systems and practices that need to be immediately addressed. Key performance indicators (KPI) using BI tools help corporations identify areas that need continuous development and highlight successes already achieved. This helps pharmaceutical companies grasp their management operations better.

What is KPI?

Simply put, KPI is a measurement of something that is vital in a business’s operations. In the pharmaceutical industry, measurements on drug cost overall trend for a certain drug are examples of KPIs.

What KPIs to Include

Before using dashboard software to view KPIs, it is important that useful KPIs be identified first. Some KPIs are not useful to a certain organization, depending on the operations and the needs of that organization. It is therefore important to have long discussions first before operating a KPI dashboard. Discussions should tackle on:

  • Assessing the organization’s strategies.
  • Determining the business drives that have an impact on the execution of strategies.
  • Identification of long-term and short-term goals.

Determining useful KPIs is one the most important tasks of managers. KPIs based on the organization’s objectives are essential components of an effective and helpful dashboard. What you will see on the dashboard will largely depend on how you specify your KPIs.

Read more at http://www.infocaptor.com/dashboard/dashboard-bi-tools-for-pharmaceutical-industry

Business Intelligence for the Finance Industry

Mon, 2017-06-05 15:20

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

Benefits and Use of Analytics for Insurance

Wed, 2017-05-24 15:11

The world in which we live is a volatile world, a fact that doesn’t bode well for the insurance industry whose greatest ally is “certainty”. Analytics, however, can somehow fill the gap. In this regard, BI reporting tools such as data visualization software are extremely useful.

Advanced analytics for insurance allows all stakeholders in the industry to identify new growth opportunities and risk factors as soon as they take shape. Insurance companies such as yours can benefit from analytics in two ways.

  • Protect your enterprise.
  • Optimize your business’s growth.

Three important things to remember

Read more at http://www.infocaptor.com/dashboard/benefits-and-use-of-analytics-for-insurance

List of Visualizations and Chart Engines

Sun, 2017-05-07 12:30

The internet is quickly filling up with wonderful visualizations and this is because of greater awareness that "Visuals are better than spreadsheets" for conveying the story.

This couldn't be possible without the innumerable Charting engines made available by the dedication of open source developers.

Checkout the wonderful and interesting list of charts and engines that were submitted to Hacker News

Read more at http://www.infocaptor.com/dashboard/big-list-of-visualizations-and-chart-engines

List of “Dashboard” Startups and Products

Fri, 2017-05-05 14:14

The idea of building a dashboard application has become synonymous to the idea of a developer thinking let us build a "To-do" application.

This is evident by the sheer amount of dashboard related applications that developers/founders have submitted to Hacker News over the past several years.

The dashboards range from wide spectrum, on one side to personal dashboards, project management dashboards, network dashboards to full blown social media dashboards.

If you are looking to build the next dashboard application or just shopping, it is very interesting to look at all the "Show HN" Dashboard submissions

Read more at http://www.infocaptor.com/dashboard/list-of-dashboard-startups

Reporting and Dashboard Automation for Marketing

Wed, 2017-05-03 09:45

Marketing Reporting and Dashboard Automation

For anyone who works in the marketing sector, customer satisfaction and company progress are of utmost importance.

In the past, entrepreneurs lived by the adage “The customer is always right.” Even then, the satisfaction of customers was the gauge of company owners as to what products or services they would cater. But with technology automating almost every task today, these satisfaction indicators are further expounded and interpreted through analytics and data reports.

Reporting and Dashboard Automation in-a-Nutshell

In analytics, there is a systematic collection and analysis of data taken from several departments, usually interpreted to form a summative assessment of an office, performance, product, or service, or to help companies to develop their plans and achieve their goals. Basically, it’s all about numbers, but these data are relevant to a given office unit.

However, this task of collection and interpretation is a breeze because of reporting and dashboard automation for marketing. What can be done and encoded in days can be accomplished in a matter of minutes, provided the system used is up-to-date.

Read more at http://www.infocaptor.com/dashboard/reporting-and-dashboard-automation-for-marketing

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