The values on a dashboard can be manipulated in a way that affects real-time processes, such as manufacturing. Business management initiatives such as the time-tested Six Sigma strategy also make use of modern data processing software as a means of eliminating product defects or creating a practical cost/benefit analysis.
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But why use a modern dashboard, as opposed to more conventional data collection and processing methods such as manual recording or non real-time manual input software? Well, there are any number of reasons as to why dashboard software is more efficient, but perhaps the most obvious is that dashboards can be and often are configured or calibrated to meet the specifications of a very specific and detail oriented process outputs. As an example, a dashboard that monitors and processes data collected at the input stage of production might be programmed to oversee the cost of raw materials individually, and to gauge exactly how many finished products can be manufactured from said materials. In doing this, a corporate entity can graph results and make predictions about how the quality or quantity of production might be affected by additions or subtractions in labor and/or finance.
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