Scorecard
A scorecard is an application or custom user interface that helps you manage your organization’s performance by understanding, optimizing, and aligning organizational units, business processes, and individuals. It also provides internal and industry benchmarks, goals, and targets that help individuals understand their contributions to the organization. At the strategic level, scorecards are part of a corporate-wide performance management system that executives use to map corporate strategy and communicate it throughout the organization. At the tactical level, employees and managers use scorecards to monitor performance against targets for discrete, specific projects.

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Dashboard
AA dashboard is an application or custom user interface that helps you measure your organization’s performance to understand organizational units, business processes, and individuals. Conceptually a subset of a scorecard, it focuses on communicating complex performance information quickly. Just like an automobile dashboard, it has meters and gauges that represent underlying information. They translate data from disparate systems into visually rich presentations using gauges, maps and charts, to show multiple results together. Dashboards provide a single version of the truth, the data is flexible enough to drill down or switch views if needed, and the data is always available.

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KPI
KPI’s represent a set of measures focusing on those aspects of organizational performance that are the most critical for the current and future success of the organization. KPI’s should be monitored weekly, daily or even 24/7 for some. They are current or future oriented measures as opposed to past measures and are actionable.

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• Provide one, simple version of business issues for an at-a-glance understanding and faster action

• Present a dynamic, real-world view of business with timely data refreshes

• Drill-through to access other data sources and reports for more detail about what the dashboard shows you

• Unite data from different areas e.g. sales, finance, logistics, & see a complete, multi-department picture

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How Database Mining Lab can help
We have expertise in implementing KPI dashboard and scorecard for various functions across different industries. Our methodology has resulted in cutting down implementation times to weeks instead of months for even the most complex projects. We use templates which can be easily customized to each specific client need. Here are some of the key business benefits

• Highly graphical representation of scorecard performance, understandable to decision makers throughout the business.

• Built on dashboard architecture allowing further data and metrics to be added.

• Instant alerts can be setup either when a performance metric crosses a certain threshold, drops to unacceptable levels or when specific events occur. These alerts can be delivered to email or PDA.

• Centralized information point for all departments within the business. Can be used to promote inter-departmental communication.

• Allows ‘what if’ tuning to be applied to scorecard. Test the impact scorecard changes would have without having to write new applications.

• Provide instant and continuous access to metrics typically supplied in static reports.

• Control access of information to restricted individuals within your organization.

Sometimes the required information for the dashboard is not currently being collected by any system at all but it is present in Excel as manually input data by management executives. Our solution can incorporate information in this form as well. The key metrics, as defined by the company and maybe the industry, are thoroughly analyzed and presented on one page, in an easy to read format with emphasis on visual presentation in form of dynamic charts and graphs. This is an interactive tool, which reveals information drilled down to any desired level at the click of a button.

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