It can be frustrating when you don’t have information at your fingertips. With IP departments under increasing scrutiny, the pressure to deliver value add is more extreme than ever. IP professionals often face the challenge of pulling and manipulating data from multiple sources manually which can be inefficient, suboptimal and tedious. Dashboards are the key.
Better decisions through dashboards
Business intelligence dashboards (sometimes referred to as enterprise dashboards) are an analytics tool used to visualise Big Data across all industries. These dashboards provide critical reporting and metrics information and are integral in Business Performance Management. Much like the dashboard in your vehicle, dashboards display real-time key metrics and performance indicators, guiding decisions and better navigating the surrounding landscape.
Dashboards are vital to IP decision making
IP Professionals use dashboards to quickly gain insights into the most important aspects of their data. They get real time insights and competitive analyses, and use them to identify items that require urgent action, streamlining workflows and properly purposing resources. IP dashboards are especially helpful when:
- Managing, creating and sharing reports, which can be a resource-intensive activity requiring a significant amount of upkeep and modification to meet differing – and sometimes competing – requirements
- Monitoring filings based on business unit, geographic regions and submissions over time
- Quarterly and annual reporting, including spend over time
- Reporting on tasks/work assignments/workload
- Personalising content for each type of user, such as Attorney view vs operations view
Personalised dashboards for a complete view
We understand the imperative for dashboards in IP. We provide you with the ability to manage, create and share reports, monitor filings and personalise content. Our dashboards enable you to:
- Build and customize a wide variety of charts and graphs including Grouped/Stacked bar, Grouped/Stacked Line and Pie
- Publish and share dashboard content with stakeholders and external partners
- Schedule reports for automated delivery based on your preferred frequency, i.e., your corporate fiscal year
Business intelligence dashboard: See more, do more
Dashboards bring speed, but they also bring versatility; view the data the way that suits you best or the way that’s best for sharing and storytelling to promote better understanding of IP performance throughout your organisation.
If you or your organisation are looking for a better business intelligence dashboard, or if you are already a customer usingFoundationIPorIPfolio, our dashboards will help you understand your environment, better navigate the landscape and make the very best business decisions.
FAQs
Dashboards have become an essential tool for businesses of all sizes and industries. They offer a single point of access to real-time data, enabling users to track performance, identify trends, and make informed decisions quickly. In today's fast-paced business world, the importance of dashboards cannot be overstated.
Why are website dashboards important? ›
Benefits of dashboards
There are many benefits to using dashboards as you visualize and understand data. For a start, it gives you a clear view of key data metrics that are important to your organization. Other major benefits include: Data clarity.
Why are dashboards important tools for companies? ›
With dashboards, businesses can track their key indicators of success. This way, they can know whether or not they're succeeding as they implement new strategies and face new business challenges. When dashboard designers do their job right, users can see their KPIs in clear, effective ways.
What are 3 benefits of a dashboard? ›
Dashboards can help users monitor operations, optimize processes, and improve overall business performance by having data readily available, and can also help detect and prevent potential problems before they become issues with its use of real time data.
How do dashboards help businesses? ›
In summary, a dashboard helps a business by providing visualized data, enabling performance monitoring, supporting decision-making, aligning goals, promoting collaboration, and optimizing time and resources. It empowers businesses to gain insights, make informed decisions, and drive growth and success.
What makes a successful dashboard? ›
Great dashboards are clear, intuitive, and customizable.
They display information clearly and efficiently. They show trends and changes in data over time. They are easily customizable. The most important widgets and data components are effectively presented in a limited space.
Is dashboard still relevant? ›
Users could understand and action insights. Traditional dashboards removed the complexity of data for businesspeople. But creating them still demanded technical specialization. These static, legacy dashboards remain common today despite lacking modern flexibility and intelligence.
Why are dashboards better than reports? ›
Reports tend to be broader and feature historic data. Because they must be delivered periodically, they represent a snapshot of a specific area or organization rather than its real-time situation. Dashboards, on the other hand, are built to visualize and organize data in real-time.
What is the purpose of dashboard in the business today? ›
A business dashboard is a visual summary of key performance indicators (KPIs) or other key data points. It shows complex data sets in at-a-glance views so leaders know how their teams are doing and what actions to take.
What is the purpose of a project dashboard? ›
A project dashboard is a project management tool businesses use to track key performance indicators for various projects. Dashboards can show performance metrics, display progress reports and highlight areas that require attention. They can help monitor the success of specific campaigns, processes and projects.
Healthcare dashboards are powerful analytics tools that accelerate performance by empowering healthcare professionals to incorporate relevant, updated data insights into their decision-making processes.
