Historically, the idea of digital dashboards follows the work in the 1970s with the study of decision support systems. In the late 1990s with the surge of the web, digital dashboards as we know them today began appearing. Many systems were developed in-house by organizations to consolidate and display data already being gathered in various information systems throughout the organization. Today, digital dashboard technology is available "out-of-the-box" with many software providers on the scene. Certain companies however still continue to do in-house development and maintenance of dashboard applications. For example, GE Aviation has developed a proprietary software/portal called "Digital Cockpit" to monitor the trends in aircraft spare parts business.
Benefits of digital dashboards
Most organizations have various departments all contributing to its overall success and thus it is important to be able to assess the progress of each department. Digital dashboards, which are a type of executive information system, allow managers to do just that. To gauge exactly how well an organization is performing overall, digital dashboards allow you to capture and report specific data points from each department within the organization, thus providing a "snapshot" of performance.
Some benefits to using digital dashboards include:
* Visual presentation of performance measures
* Elimination of duplicate data entry.
* Ability to identify and correct negative trends.
* Measure efficiencies/inefficiencies.
* Ability to generate detailed reports showing new trends.
* Increase overall revenues.
* Ability to make more informed decisions based on collected BI (business intelligence)
* Align strategies and organizational goals.