“It is a capital mistake to theorize before one has data.”– Arthur Conan Doyle

Data is all around us. According to the EMC Digital Universe study, by 2020, around 40 trillion megabytes – or 40 zettabytes – will exist in our digital landscape. That’s an unfathomable amount of information.

Data has changed our lives in many ways, helping to improve the processes, initiatives, and innovations of organizations across sectors through the power of insight. But there are so many stats, facts, and figures to choose from today that it can be difficult to know where to start.

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

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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.

But what do you do with all this business intelligence? You can have the most robust BI infrastructure in place. However, if the underlying information isn’t easy to access, analyze, or understand, it is pointless. This is where the power of business dashboards comes into play. Dashboards often are the best way to gain insight into an organization and its various departments, operations, and performance. Well-built, focused dashboards easily serve up summaries and reports of the BI that’s most critical to the organization. Moreover, different types of dashboards will enable you to convey an improved message to your audience, organize your data more effectively, and boost business processes across the board.

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We are living in a world rich with data, and for businesses looking to streamline their processes, monitor various areas of performance, and understand their customer base on a deeper, more personal level, collecting, analyzing, and leveraging this wealth of insights is critical for success. KPI reporting steps in as a critical element of achieving organizational objectives.

Moreover, with so much data available from an ever-growing range of sources, how do you make sense of this information – and how do you extract value from it? One of the most effective means of doing this is by utilizing KPI reporting tools.

Here, we’ll explain the KPI reporting in greater detail, expound on some basic definitions, look at how to create such a report, and explore the dynamics of a KPI report template.

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Chief operating officers (COOs) have a demanding task to make sure all operational activities within a company are performed in the best possible manner, but their career development can vary based on industry and previous experience. We won’t delve into details about the career prospects of this C-level position but we will present COO dashboards and reports that are critical for helping chief operating officers across the world to effectively manage their time, company, operational processes, and results. To succeed in such an environment, an executive dashboard or report can make a striking difference.

Increasing the strategic, as well as the operating value of managing business operations, are critical elements of COOs’ positions who, oftentimes, need to wear many hats in order to successfully fulfill the role of “second in command,” right after the CEO.

Moreover, companies are becoming more data-driven, complex, and require stable performance in order to succeed in our cutthroat digital age. That’s why using a modern dashboard tool is vital for monitoring and analyzing multiple touchpoints and presenting data in real-time, visually, and with strong interactivity levels so any operational activity can’t be left unnoticed.

 That said, in essence, we will discuss:

• What is a COO dashboard?
• What is a COO report?
• How to create a COO dashboard?
• And present COO dashboard examples and templates

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“The goal is to turn data into information, and information into insight.” – Carly Fiorina, former executive, president, HP

Digital data is all around us. In fact, we create around 2.5 quintillion bytes of data every single day, with 90% of the world’s digital insights generated in the last two years alone, according to Forbes.

If utilized correctly, data offers a wealth of opportunity to individuals and companies looking to improve their business’ intelligence, operational efficiency, profitability, and growth over time. In this day and age, a failure to leverage digital data to your advantage could prove disastrous to your business – it’s akin to walking down a busy street wearing a blindfold.

With the rate of available data growing exponentially, it’s crucial to work with the right online reporting tools to not only segment, curate, and analyze large data sets but also uncover answers to new questions that you didn’t even know existed. And when it comes to finding actionable answers to specific questions, ad hoc analysis and reporting are essential. We will explain the ad hoc reporting meaning, benefits, uses in the real world, but first, let’s start with the ad hoc reporting definition.

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