- Power BI is one such BI (Business Intelligence) tool, and Power BI Dashboard examples are the simplest and most engaging data visualization solutions.
- A Power BI dashboard is a single page containing visualizations, typically referred to as a canvas. The dashboard’s visuals are derived from reports, and each report is based on a dataset. Power BI’s data visualization capabilities enable anybody to collect, prepare, analyze, and visualize data in minutes, aiding in making more informed business choices.
Every organization recognizes the value of big data, yet many struggle to realize its full potential. We all know data continues to increase every passing day, and data technologies change every day. Thus, it has become difficult for organizations to fully enjoy the benefits of data investment and implement a data-driven strategy.
Data is visualized differently by different people. At the core of good data-driven strategies lies informed decision-making, which cannot be made without humans being invested. But to gain people’s attention, data visualizations must be compelling and easy to comprehend. In simple terms, data visualization can be referred to as the graphical representation of data via dashboards, interactive reports, charts, graphs, and other formats.
Data visualization is essential to data analysis because it enables all sorts of users to build reports and dashboards to analyze data from numerous sources. Power BI is one of the easiest and simplest ways to start the visualization journey and tell an amazing data story. Data visualization powered by Power BI helps collect, prepare, analyze, and visualize data quickly and, thus, helps make informed decisions.
Let us read along to know more about power BI dashboards.
What is Power BI Dashboard?
One can visualize Power BI Dashboard as a canvas that’s used for storytelling. The most important data points are presented within a single page in various elements.
It makes an introduction to reports that are based on the dataset. A perfect dashboard contains just the crucial points of the data story. So, when someone clicks on a particular tile, they will land on the main report from where it is taken.
BI dashboards help monitor business and sales performance and offer a bird’s-eye view of a business, helping make data-backed strategies for future actions. There are various sources from which a Power BI dashboard may emerge – from one or many reports or underlying datasets. It offers a combined view of key business metrics.
Power BI dashboard’s single-page visualization gets refreshed automatically as the dataset gets updated, thus, providing real-time data tracking. The data can be analyzed to identify patterns and extract insights from the Power BI dashboard that help you make informed decisions.
Popular Power BI Dashboard Examples
Organizations utilize Power BI Dashboards to evaluate data in numerous fields. Below are a few examples of Power BI dashboards used in the sales, marketing, and finance areas.
Power BI dashboards can demonstrate:
- Sales performance of the company as a whole
- Entire client acquisition funnel
- Social media monitoring and analytics
- Customer service and resolution time
The finance dashboard displays an organization’s key financial metrics such as sales, profit, inventory, securities, earnings before taxes, payables, etc. These analytics contain Key Performance Indicators (KPIs) that allow decision-makers to make data-driven decisions based on the insights.
Audience: With the intended users being executive-level employees, the dashboard gives high-level insights, allowing them to scan the report easily. Users can then get into the granular metrics, should a high-level matrix trigger an insight worth exploring.
Purpose: The dashboard’s actual function is to offer a broad overview of the company’s financial performance over time. The dashboard also provides customers granular insight into financial performance by region and product category. Both allow users to establish financial patterns and areas of over and underperformance. Insights are then utilized to examine where to concentrate their efforts. This dashboard is the most popular among organizations.
Yet another prominent Power BI Dashboard is the HR dashboard. This dashboard is a business intelligence solution that enables Human Resource teams to track, analyze, and report on HR KPIs. Modern and interactive dashboards use an HR analytics platform, which allows for the easy combination of data from various systems and comprehensive exploration of this data immediately within the dashboard.
The HR dashboard is for HR managers who want to understand employee demographics, keep track of new hires, and ensure they meet industry diversity standards.
The HR team can gain access to a high level of information, such as average salary, average tenure, and average age. This helps the HR staff gain an understanding of the employees. These insights enable HR to accommodate people more effectively in future corporate choices. In addition, they aid HR in carefully designing a diverse staff to achieve organizational goals.
The sales dashboard enables data-driven sales teams to collect and evaluate KPIs and distribute this information across the enterprise. Modern dashboards for sales go beyond visualization. This dashboard lets the sales team dive into the data and obtain meaningful insights. Insights allow them to make more accurate forecasts, complete more transactions, and surpass your revenue targets.
The sales dashboard was developed to assist sales managers in visualizing their sales data, including opportunity values, count, and velocity.
The objective of this dashboard is to assist sales managers in getting an understanding of how the firm is performing and identifying where they should concentrate their efforts to fulfill their sales goals. The dashboard offers sales managers a summary of their sales to date and comprehensive information on each opportunity. Furthermore, sales managers can identify the areas where they need to focus as all metrics are presented in a high-level format.
A marketing dashboard is a visual representation of the most pertinent information required to monitor essential marketing KPIs and achieve marketing goals. The most important marketing reports are compiled and organized on a single page to view the data at a glance. The marketing dashboard is another popular example of a Power BI dashboard. Power BI builds links with services such as MailChimp and Google Analytics to generate dashboards rapidly.
The marketing dashboard was developed for marketing teams to view a set of market research conducted with their clients.
The objective of the marketing dashboard is to assist marketing teams in identifying trends and patterns within customer-conducted market research. The dashboard gives a graphical depiction of their research, enabling them to identify correlations between different consumer data points. These insights allow them to better understand their customers and, thus, learn how to accommodate them better.
The above-listed power BI dashboard examples can be applied for several purposes by businesses of all sizes, irrespective of the industry. Power BI is a sophisticated data visualization application used to manage marketing, sales, human resource analytics, KPIs, and inventories, among other things.
Power BI dashboards allow multiple teams to collaborate on the same data and reports while sharing insights across applications. One of the benefits of this dashboard is that users can do the analysis with much more data sources. This helps business owners and managers gain valuable and crucial insights across departments while maintaining data accuracy, consistency, and security.
However, while choosing the most sophisticated BI dashboard solution, it is always recommended for organizations not to choose a very advanced tool immediately. The reason for this is simple: Learning curves are often sharp and might call upon the need for more resources.
Power BI Dashboard can help businesses generate intuitive dashboards and reports. The dashboards give company performance information and answers to several inquiries. It enables businesses to make data-driven choices and assume control of their operations.