Business Reporting: Chart and Graph
Business reporting is not always easy. Too often we can get
swamped down in paper work and long, exhaustive reports that
offer entirely too much information. Your business reporting
does not have to end up like that. If you find yourself caught
in this trap of creating long boring reports that nobody wants
to read then perhaps it is time you find a new way to present
your findings.
Have you ever heard of a b
usiness intelligence tool? Chances are you haven't and that
is okay. I will explain exactly what a business intelligence
tool is. Quite honestly, it is pretty simple. A business
intelligence tool is a tool that allows you to present
information in an intelligent and meaningful manner.
One such business intelligence tool that allows you to do this
is known as a dashboard. A dashboard is simply a means of
displaying information. There are a variety of different kinds
of business dashboards that you can use to display the
information compiled in your reports. The dashboard facilitates
this process by making it extremely easy to convert information
into charts and graphs.
When you display information in charts and graphs it is easier
to understand and interpret the data. In turn this makes the business
reporting process that much easier and meaningful. You can
offer the information you have researched to your boss in a much
more efficient manner than a 50 page report. We all know your
boss isn't really interested in reading that long boring report
so why should you waste your time preparing it? The answer is
you should not waste all that time writing a report. Rather, you
should spend your time analyzing the numbers and preparing a
short presentation using charts and graphs like a pie graph to
present your findings on business aspects like the latest
changes in market share. Certainly, your boss would much rather
take a look at a pie graph and visually see how your market
share has grown while the competition's piece of the pie has
shrunk.
Through a dashboard, making better use of a chart and
graph is entirely possible. You can use a pie graph to
display other vital information. For instance you might rely on
a pie graph to show how the percentage costs of various
components of your product compares. Such a pie graph could
assist you in easily identifying the component costs that are
out of line with the all the others. With this knowledge in hand
you can then make the appropriate recommendation to your boss.
He will appreciate the visual representation of the component
costs displayed by the pie graph,
and will be more likely to respond to your recommendations.
In this manner the business reporting process can be simplified
and improved, through the efficient use of a great business
intelligence tool such as a management dashboard. The
incorporation of the visual aspect into your brief report, like
charts and graphs, will prove more valuable and useful to your
boss. So next time you have to prepare a report, think outside
the box and impress your boss by taking advantage of informative
charts and pie graphs to support your recommendations.
Adam Smith is an information author for 10X Marketing. For more
information on data visualization tools, please check out Mr.
Miller's data
visualization article.
About the author:
None