Present-day web analytics tools allow you to keep an eye on almost every action visitors take on your website. With that said, wouldn’t you agree that simply sending user actions to Google Analytics is not nearly enough? The burning question you need to answer is: How can you gain actionable insight into your business performances from all the data you’ve collected?
In this article we share several examples of business dashboards that can be updated in real time, helping you make data-driven decisions. Such reports can be useful for marketing specialists, program developers, content managers, and analysts in E-commerce projects.
Note: This post was originally published in November 2016 and was completely updated in January 2024 for accuracy and comprehensiveness.
A business performance dashboard is a tool that visually presents key information necessary to meet various objectives. This information is consolidated and organized on a single screen, allowing for quick and easy monitoring. Business dashboards are essential for decision-makers and teams, as they provide a high-level overview of crucial metrics. They are instrumental in tracking progress toward goals and swiftly identifying any emerging issues. This efficient tool aids in maintaining a clear view of a company's performance and supports informed decision-making processes.
Dashboards are versatile and adaptable, making them valuable in various industries and sectors. Their customizability allows them to incorporate diverse types of data over different time periods. This feature helps in analyzing past events, understanding their causes, predicting future trends, and guiding appropriate actions. Dashboards employ visual elements such as charts, graphs, and tables, which makes it easier for those not deeply familiar with the data to grasp the narratives and insights they present quickly and effortlessly.
Dashboards serve as a centralized platform to display a comprehensive view of data gathered from various sources. They are essential for tracking, analyzing, and measuring critical data across key domains. By transforming raw data from multiple origins into a format that is customized to the user's specific requirements, dashboards cater to a wide range of professionals, including business leaders, analysts, sales teams, marketers, and others.
Key areas where dashboards are particularly useful include:
Their ability to aggregate and visually represent complex data makes dashboards highly adaptable. They are invaluable for professionals who need to analyze intricate data or experts who must communicate data insights to those less familiar with the subject. Dashboards are also effective in presentations to executives and key decision-makers, aiding in highlighting challenges, opportunities, and areas for growth and improvement.
Business dashboards are crucial tools in the modern business environment for several reasons:
The distinction between dashboards and reports lies primarily in their scope, focus, and purpose in data analysis and presentation.
Dashboards are designed to provide a high-level overview of a wide range of data. They are typically dynamic, offering real-time or regularly updated insights. Dashboards are geared towards answering specific, often broad, questions like:
They excel in tracking key performance indicators (KPIs) and are instrumental in monitoring overall trends or efficiency, making them ideal for quick decision-making and strategic overview.
Reports, in contrast, offer a more detailed and focused analysis. They are generally static and delve deeply into a specific data set, concentrating on a single item or event. Reports are comprehensive, providing an in-depth view that is often historical or analytical in nature. They are used for detailed examinations of particular aspects of business operations, such as a thorough analysis of a specific marketing campaign or a detailed financial audit.
While both dashboards and reports are crucial for data analysis in business, dashboards are best suited for broad, real-time overviews and quick decision-making, whereas reports are more appropriate for detailed, specific, and often historical data analysis.
Dashboards for businesses are increasingly popular in modern business environments, not just for their ease of use but for their customizable nature, tailored to specific operational needs and objectives. They can be broadly categorized into three types:
Each type of dashboard can be customized to address specific challenges and align with an organization's unique goals, strengths, and limitations. This customization allows for targeted decision-making and strategic planning.
In industry-specific leadership dashboards, it's crucial to tailor metrics to each sector's unique needs. Here are some business dashboard examples by industry and their key metrics
When creating a dashboard for an e-commerce company, it's essential to choose metrics that effectively view the business's overall performance. The following are key indicators to focus on:
These business metrics dashboards provide a well-rounded view of your e-commerce business, encompassing financial performance, customer behavior, operational efficiency, and marketing effectiveness in the reports. The time series data will enable you to observe trends and seasonality, helping in making informed business decisions.
For a SaaS (Software as a Service) company, selecting the right metrics for your dashboard is key to understanding and monitoring the health and growth of your business. Here are six crucial metrics that you should consider tracking:
These metrics in a business dashboard collectively provide an overall overview of your SaaS company's financial health, customer acquisition and retention efficiency, and product engagement levels. Incorporating time series data where applicable will help in identifying trends and making data-driven decisions for future strategies.
In the context of a fintech company, tracking the right metrics is crucial for understanding the health and growth of your business. Here are six key metrics that are particularly relevant and valuable:
These metrics offer a thorough perspective on various critical aspects of your fintech company, encompassing user involvement, financial outcomes, customer acquisition and loyalty, as well as adherence to operational regulations. Utilizing time series data within these metrics will assist in identifying evolving trends and behavioral patterns, which is invaluable for informed strategic planning and decision-making processes.
When we create a dashboard for gaming companies it's important to choose metrics that provide the most comprehensive view of your gaming company's performance for reliable data granularity and data quality. Considering this, you might focus on a blend of financial, user engagement, and operational metrics. Here are six key metrics to consider:
Each of these metrics provides valuable insight into different aspects of the gaming company, from financial performance to user engagement and operational stability. By tracking these six key metrics, you'll have a well-rounded view of your company's performance on a single dashboard page. Remember to design the dashboard to be visually intuitive, allowing quick interpretation of data trends and anomalies.
For a dashboard for a retail company with metrics to get a comprehensive overview, including time series where relevant, you should focus on the most impactful metrics that gives a view of your company's marketing performance. Here are key metrics to consider:
These metrics provide a well-rounded view of your retail company's financial performance, customer behavior, operational efficiency, and overall customer satisfaction. The time series data will allow you to track trends and make informed decisions based on the performance over different periods.
According to our experience, sometimes for ad-hoc reporting it’s more convenient to build reports using pivot tables and conditional formatting in Google Sheets.
The following table compares the main indicators of advertising campaigns in marketing — the number of sessions, revenue, and ROAS over the weeks.
Benefits:
Please note that, unlike a number of sessions or revenue, the ROAS indicator should be added as a Calculation Field, otherwise it will be incorrectly calculated when changing the depth of segmentation.
The key micro conversions, such as adding to the cart, proceeding to checkout, and confirmation of an order, can be used to monitor the efficiency of a website. We recommend that you divide them by page types and browser, and then stick to a few simple rules to easily support and update reports on the micro conversions:
If you need to combine several metrics for a pivot table, you can do it in this way:
Take a look at the next example. Let’s say the conversion rate has dropped. Use the report to check whether this is due to the website as a whole, or to a particular page. Thus, you will see that the conversion rate went down mostly on specific product pages, and especially on Firefox. Developers made a mistake when updating jQuery, and you managed to quickly detect and locate the mistake thanks to the dashboard.
Benefits:
Note that if there’s not enough data for comparisons, this data is automatically filtered and does not distort the valid data.
It’s also useful to track some technical indicators. For example:
It will be much faster and easier to pinpoint the cause if you also segment these metrics by page type and browser.
We should also note that measuring these parameters is performed «from the user’s point of view.» This is why such data is more representative than that obtained from server monitoring tools (e.g. Zabbix or Munin).
In business dashboards, effective data management is crucial for deriving actionable insights and making informed decisions. This section outlines the steps involved in managing data, focusing on collection and processing. We'll explore tools like Google BigQuery and OWOX BI Pipeline, highlighting their roles in gathering, storing, and analyzing vast amounts of data efficiently.
These tools offer robust solutions for real-time analytics and flexible reporting but also come with certain limitations and requirements, such as the need for SQL knowledge and the constraints of cloud-based operations.
Google BigQuery is the main tool our customers choose for combining and processing data. This isn’t by accident. Data can be uploaded to Google BigQuery from any service in the relevant format and mode, and you don’t have to worry about having enough space on the server.
In case you haven’t worked with Google BigQuery before, this service allows you to process epic amounts of data with SQL-like queries. You only pay for the amount of data stored and processed. You also get a 300 USD credit to spend over 60 days and a free 1 TB of data processed per month.
Benefits:
Limitations:
To bring all the data together, you can use the OWOX BI Pipeline. It allows you to automatically collect raw unsampled data from advertising services directly to Google BigQuery in real-time. You can also collect the data from basically any data source - sales CRM, email services, call tracking tools, etc.
OK, you got your data in a single place. Cool. But they are still not merged. The columns have different names, the data has different formats. And more … advertising campaign costs are not connected with your website tracking data.
The good news is, that we got you covered with pre-built SQL-templates for most of the standard marketing tasks in OWOX BI Transformation. Whether you are using GA4 for tracking or OWOX BI Streaming to collect raw unsampled user behavior data from your website - you’ll be able to prepare all of your marketing analytics data for reporting in a matter of minutes. No need to wait weeks or months for your analyst to write SQL code, use customer APIs and set dependencies between data transformations.
Next, you need to get a report, right? And there are 2 choices here:
First - BI tools like Looker Studio, Power BI, or Tableau - we have plenty of free templates available for Looker Studio.
For example, you can get an all-in-one marketing dashboard for C-level execs, Marketing Leaders, and Advertising professionals here.
However, there is a second option that is suitable for data-savvy managers who wants to “play” with data - Google Sheets.
In order to pass the data from Google BigQuery to Google Sheets, we use Google Sheets Extension, so you can not only process the data with SQL queries but also save the queries for future use.
Oh yes, you will, of course, need to use SQL to build queries. However, there are no restrictions on the number of metrics and the structure of reports. In addition, all the data you get is complete and unsampled.
Don’t worry too much about SQL anyway. Data Professionals can create queries once, and subsequently the data in Google Sheets is updated automatically or on demand:
Benefits:
Limitations:
Having dashboards for businesses is amiable but having the best one can be a challenging task. These tools consolidate and simplify complex reports, offering a clear view of key metrics and parameters that can't be captured in a single report. Dashboards make it easy to comprehend large data sets and quickly assess the current state of affairs, essentially uncovering hidden insights in your data.
For those looking to construct a dashboard using data from various sources like Facebook Ads, Google Ads, Google Analytics 4, CRMs, or call tracking systems, OWOX BI is here to save your time and reduce errors in collecting, merging, and visualizing data.
OWOX BI provides a wide range of marketing dashboard templates tailored for various industries, including fintech, retail, e-commerce, gaming, and SaaS, ensuring targeted insights and analytics that cater to the unique needs of each sector.
For instance, the ROPO dashboard helps answer questions about offline sales that happened as a result of an online activity, identifying effective online campaigns for offline purchases.
A business dashboard is an information management tool that provides an overview of a company's key performance indicators in a graphical or visual format, allowing managers to monitor and analyze data trends and make informed decisions.
Industry-agnostic functional Dashboards are universal dashboards designed to provide key performance insights across various sectors, focusing on general metrics like financial health, customer satisfaction, and operational efficiency.
For an e-commerce dashboard, key metrics include Total Online Sales Revenue, Conversion Rate, Average Order Value (AOV), Shopping Cart Abandonment Rate, Customer Acquisition Cost (CAC), and Return Rate. These metrics collectively provide insights into financial performance, customer behavior, and operational efficiency.
They allow marketing directors and senior management to track overall department performance, align strategies with goals, and compare current status with past results and plans.
There are three common dashboards known as Analytical Dashboards, Operational Dashboards, and Strategic Dashboards.
They provide real-time data access, enhance decision-making, track performance against KPIs, save time, improve communication, facilitate trend analysis, reduce costs, and offer customer insights.