What is an Excel Dashboard?
With the world full of big data, It becomes almost impossible to focus on all data and hence only Key information is required to be targeted. Such Key information represented in form of report is known as a Dashboard:-
Typically a Dashboard has following key features:-
1. It usually fits on a single Page (Mostly Landscape)
2. Only Key and relevant information are presented.
3. The focus is on decision making.
4. Usually represented using Graphics like charts, Trendlines
5. Dynamic Updating (It changes based on reporting standard)
6. Conclusive information.
Stephen Few’s Dashboard Definition:
“A dashboard is a visual display of the most important information needed to achieve one or more objectives; consolidated and arranged on a single screen so the information can be monitored at a glance.”
What differentiates a Report with Dashboard?
In the practical world, Report and Dashboard words are interchangeably used. But there exists a thin line of difference. A report shows in-depth analysis of the data and may extend pages whereas a Dashboard shows the entire key data represented graphically in one single page.
Generally, both a dashboard and a report is prepared, A Dashboard shows key information and important conclusions obtained whereas report is prepared to provide in-depth information in a detailed manner.
How to create a Dashboard?
A Dashboard can be created using most of the online tools available in the market. However, Microsoft Excel is the best tool to create Dashboards due to its flexibility, universal application and highly customizable to create one.