Why dashboards are being replaced by a fast, efficient, cloud-based future
By BreakFree Solutions
Dashboards have been a staple of business intelligence for more than two decades, yet their adoption rates have stagnated at just 30%. Today, only 10% of executives believe their company is analytics mature and more than 84% of frontline workers report poor analytics experiences and needing better insights technology, according to a Thought Spot eBook aptly titled “Dashboards are Dead.”
The eBook elaborates that COVID made it all the more evident that dashboards lack the speed, scale, and granularity to make real-time decisions regarding data — essentially rendering thousands of dashboards and years of data and analytics obsolete.
So, what killed the dashboard? The answer is speed. In a world that is always on and always changing, dashboards simply can’t keep up. They are static by nature, designed to provide a snapshot of data at a specific moment in time. But in today’s fast-paced, ever-changing business environment, that just isn’t enough.
Leaders need real-time insights that allow them to make decisions in the moment. They need to be able to see what’s happening across their entire organization at all times, not just a small slice of data. And they need to be able to quickly and easily share those insights with the people who need them most.
According to the ThoughtSpot eBook, only 10% of executives believe their employees can effectively use data to make decisions which is likely why analytics adoption rates have staggered around 30%.
In the dashboard model, data workers waste time performing menial operational tasks, leaving only half their time for actual data analyzing, and no time for profit-inducing innovative ideas. Dashboards are innately disconnected and rely on waterfall methods—standardized methods provide results too late to be of use.
There is a disconnect between what data workers need and what they have access to. Data workers need:
Fast, easy-to-use applications with embedded analytics that can be accessed by anyone, anywhere, on any device and
The ability to connect to all their data—no matter where it is stored.
They also lack opportunities for collaboration; waste analytics and operational overhead; make it hard to manage access; take too long to develop use-cases; and fail to keep pace with dynamic data.
What’s the solution?
Data leaders are ditching dashboards for modern cloud solutions. With a modern cloud data platform, you get:
A centralized data repository that’s always up-to-date
Self-service access to data and insights
The ability to scale on demand
Real-time collaboration across the organization
It's evident that dashboards lack the speed, scale, and granularity to make real-time decisions regarding data in our constantly changing world. Ditch your dashboard today and see how a modern cloud data platform performs.
To keep up with the latest data and insights, reach out to BreakFree to operationalize a modern cloud data platform that will help you get ahead of the competition. Our team is ready and waiting to help you make decisions based on real-time data. Contact us today to learn more.