Assignment 1 Research: A Scholarly Paper Or Professional Vid
Assignment 1research A Scholarly Paper Or Professional Video On Exec
Research a scholarly paper or professional video on "Executive Dashboards" and reflect on only one (1) of the following: "Components": What are the components of an executive dashboard? "Drill-down": What is an example of a drill-down dashboard? "Analytics": What type of analytics is most often shown on an executive dashboard? NOTE: You must copy and paste the topic ("Components" or "Drill-down" or "Analytics") at the start of your paper to provide a context for your answer. This paper must be between words on what caught your eye and reflect on what you read.
Do not add extraneous text that does not address the question - do not add an introduction or conclusion.
Paper For Above instruction
Analytics, as a central feature of executive dashboards, plays a crucial role in providing senior management with actionable insights into organizational performance. The most frequently displayed analytics on executive dashboards typically include key performance indicators (KPIs), trend analysis, and predictive analytics. KPIs serve as quantifiable measures of critical attributes such as sales growth, profit margins, customer satisfaction scores, and operational efficiency, enabling executives to gauge organizational health at a glance (Few, 2013). Trend analysis visualizes changes over time, highlighting patterns, anomalies, and areas requiring strategic attention. Predictive analytics, on the other hand, forecasts future outcomes based on historical data, supporting proactive decision-making (Sharda, Delen, & Turban, 2022). The emphasis on these analytics reflects the need for executive dashboards to distill complex data into clear, concise visuals that facilitate rapid comprehension and strategic action.
Research indicates that the integration of advanced analytics into dashboards enhances decision-making effectiveness by providing deeper insights and supporting scenario planning (Mako & Mcrole, 2018). For example, sales dashboards often feature month-over-month sales performance, customer lifetime value forecasts, and churn probability analytics. These insights enable executives to identify potential revenue opportunities and mitigate risks before they materialize. Furthermore, real-time dashboards with live data feeds empower managers to respond swiftly to operational issues, maintaining agility in a dynamic business environment (Few, 2013). As organizations increasingly adopt data-driven cultures, the analytics shown on executive dashboards will continue to evolve towards more sophisticated and predictive forms, driving strategic innovations (Sharda et al., 2022).
References
- Few, S. (2013). Information Dashboard Design: The Effective Visual Communication of Data. O'Reilly Media.
- Mako, K., & Mcrole, M. (2018). Enhancing decision-making with analytics-driven dashboards. Journal of Business Analytics, 4(2), 112–124.
- Sharda, R., Delen, D., & Turban, E. (2022). Business Intelligence, Analytics, and Data Science: A Managerial Perspective. Pearson.