The secret is out, and has been for a while: In order to remain competitive, businesses of all sizes, from startup to enterprise, need business intelligence (BI) and different types of dashboards.

Business intelligence has evolved into smart solutions that provide effective data management – from extracting, monitoring, analyzing, and deriving actionable insights needed to stay competitive on the market, to powerful visualizations created with a dashboard builder which enables business users to interact with data and drill into bits and pieces of information they might need, at any time, any place.

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Projects are one of the cornerstones of a successful business. Sector or industry aside, strategic initiatives focused on specific areas of the business help drive an organization forward, growing, progressing, and evolving year after year. Also, implementing effective management reports will create a data-driven approach to making business decisions and obtaining sustainable business success.

But despite the business-boosting potential (and vital importance) of successfully delivering collaborative strategies, a mere 58% of organizations understand the value of project management to its fullest, according to the global survey conducted by the Project Management Insitute. Armed with this knowledge, you can gain a significant edge on the competition and boost your project exponentially.

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Using data in today’s businesses is crucial to evaluate success and gather insights needed for a sustainable company. Identifying what is working and what is not is one of the invaluable management practices that can decrease costs, determine the progress a business is making, and compare it to organizational goals. By establishing clear operational metrics and evaluate performance, companies have the advantage of using what is crucial to stay competitive in the market, and that’s data.

We have written about management reporting methods that can be utilized in the modern practice of creating powerful analysis, bringing complex data into simple visuals, and employ them to make actionable decisions. Now we will focus on operational KPIs and metrics that can ultimately bring the indispensable value out of the overall business performance, by concentrating on the most important business question: what can I do to perform even better?

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Data is all around us, and it has changed our lives in many ways – including in the fast-paced world of business. Digital data empowers organizations across sectors to improve their processes, initiatives, and innovations using the power of insight. But with so many stats, facts, and figures in today’s hyper-connected age, knowing which information to work with can seem like a minefield.

Enter data dashboards: one of history’s best business intelligence innovations.

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Companies, organizations, enterprises, large, or small businesses—it doesn’t matter which category you belong to; paying close attention to your customers is essential to the success of your business. 

If you want to understand and meet the needs of your customers, a customer retention dashboard and its associated metrics will help you monitor, analyze, and manage multiple customer-centric points while showing you how they echo in your business. 

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