5 Best Practices For Creating Effective Dashboards For Financial Services

A good dashboard displays key metrics quickly, and can clearly and rapidly communicate relevant data personalized to each viewer. Historically, creating and deploying effective dashboards was incredibly difficult and time-consuming. It typically required not only software programming expertise but also domain business expertise and knowledge about what and how to communicate information effectively. However with new advances in technology, that's changing.

Learn how you can create your own dashboards and reports in a way that liberates you from IT intermediaries and backlogs, without worrying about the technology and instead focusing on key business questions.

Essential to the success of a dashboarding project are:

  • Choose metrics based on why they matter
  • Keep it visual
  • Make it interactive
  • Keep it current or don’t bother
  • Make it simple to access and use

If you’re already engaged in a dashboard project, take note of these five best practices and evaluate how your efforts measure up. If you’re not, it’s not only time to ask yourself why not, but can taking one on help you find a competitive edge to win in financial services? Leverage data to help you find an angle before your competitors do.

Bonus: This whitepaper also reviews the 7 mistakes to avoid when creating a dashboard.