Business intelligence (BI) is one of the most powerful tools a company can use to gain an edge over its competitors. BI allows businesses to make better, more informed decisions by providing them with access to real-time data.
However, one of the most often overlooked applications of BI is its potential to improve team synergy. By giving team members access to the same data, BI dashboards can help teams make better decisions together.
So how can BI dashboards help improve team synergy? And what are the benefits of using them for team decision-making?
Let’s take a closer look.
What is team synergy and why is it important?
Team synergy is the combined effort of a team to achieve a common goal. It’s the result of each team member working together towards a shared vision.
The concept of team synergy has been extensively studied in the field of organizational psychology. It’s essential for businesses to function effectively.
After all, businesses are nothing more than a collection of people working together towards a common goal. And if those people aren’t working together effectively, the business as a whole will suffer.
When employees in an organization work together in tandem, they can achieve things that they could never have accomplished on their own. That’s the power of team synergy.
But synergy can’t simply occur organically. Often, it needs to be cultivated and nurtured. That’s where BI dashboards can help.
How BI dashboards can help improve team synergy
Dashboards play a critical role in a company’s business intelligence efforts. A BI dashboard is a user interface that displays data and analytics in an easy-to-understand format.
The power of dashboards lies in their ability to give users a holistic view of complex data sets. This, in turn, allows users to quickly identify trends, patterns, and relationships that they wouldn’t be able to see otherwise.
Dashboards can contain all sorts of different data, including sales, marketing, financial, and more. And when team members have access to all of this data in one place, they can quickly identify areas where they need to work together.
For example, let’s say that a sales team is looking at their dashboard and they notice that their sales are lagging behind their target. They can then quickly reach out to the marketing team to see if they can help generate more leads.
The benefits of using BI dashboards for team decision making
So far, we’ve talked about how BI dashboards can help improve team synergy. But what are the benefits of using dashboards for team decision-making?
Here are some of the main benefits:
1. BI dashboards improve communication between team members
When team members have access to the same data, they can easily share information and ideas with each other. This helps to improve communication between team members, which is essential for effective decision-making.
2. BI dashboards help team members understand each other’s perspectives
If team members are looking at the same data, they’re more likely to understand each other’s perspectives because they’re able to see things from the same vantage point. When team members understand each other’s perspectives, they can make better decisions together.
3. BI dashboards help team members make better decisions
Without access to accurate data, team members are likely to make suboptimal decisions. But when they have access to BI dashboards, they can see the whole picture. This helps them to make better, more informed decisions that benefit the entire team.
4. BI dashboards help team members hold each other accountable
When team members can see each other’s data, they can hold each other accountable for their performance. This is because they can see what everyone is working on and how they’re performing.
This accountability can help to improve team synergy because it ensures that everyone is working towards the same goal.
How to get started using BI dashboards in your team
If you’re sold on the benefits of using BI dashboards for team decision-making, then you’re probably wondering how you can get started.
Fortunately, it’s not as difficult as you might think. Here are some tips to help you get started:
1. Define your goals
Before you can start using BI dashboards for your team, you need to define your goals. What do you want to achieve with your dashboard?
Do you want to improve communication between team members? Do you want to help team members make better decisions? Or do you want to hold team members accountable for their performance? Establishing your objectives will help you to create a dashboard that meets your needs.
2. Choose the right platform
There are many different platforms available for creating BI dashboards, each with its own advantages and disadvantages.
Some platforms are more user-friendly than others. Some have more features than others. And some are more expensive than others. It’s important to choose a platform that meets your needs.
3. Collect the data
Once you’ve chosen a platform, it’s time to start collecting data. This data will be used to populate your dashboard.
Whatever data you choose to collect, you have to store it somewhere. You can use a spreadsheet, a database, or even a web-based platform.
Ensure that the BI platform you choose can connect to the data sources you use to store data. You won’t be able to build a dashboard if you aren’t able to bring your data into your BI dashboard tool.
4. Create the dashboard
Now that you have your data, it’s time to create the dashboard.
Most platforms have an intuitive user interface that lets you drag and drop different elements onto your dashboard. This makes it easy to create a visually appealing and informative dashboard.
Make sure your dashboard is easy to comprehend and that it is organized in a logical way.
5. Share the dashboard
Once you’ve created your dashboard, it’s time to share it with your team. This can be done using a variety of methods, such as email, instant messaging, or even a web-based platform. Better yet, some BI platforms let users share dashboards with others in the same organizational instance.
Whom should you share your dashboard with? That depends on your goals. If you want to help team members make better decisions, share it with those involved in decision-making. And if you want to hold team members accountable for their performance, share it with those responsible for their performance.
3 tips for making the most out of BI dashboards for team synergy
If you want to get the most out of using BI dashboards for team synergy, then there are a few things you should keep in mind. Here are 3 tips to help you make the most out of your dashboard:
1. Keep it simple
When it comes to dashboards, less is more. A dashboard that’s overloaded with information is likely to be ignored by team members.
Instead, keep your dashboard simple. Only include the information that’s necessary. And make sure that this information is easy to understand.
2. Make it interactive
A dashboard that’s static is likely to be ignored by team members. After all, why would they want to look at a dashboard that never changes?
Instead, make your dashboard interactive by using real-time data. Allow team members to filter and drill down into the data so they can discover insights.
3. Update it regularly
Make sure your dashboard is updated on a regular basis. This will ensure that team members always have the most up-to-date information. Poor decisions will be made if they are based on old data.
The bottom line
BI dashboards are an essential tool for improving team synergy. They enable team members to access real-time data and make better, more informed decisions. When team members have access to the same dashboards, they’re better able to collaborate on the actionable insights shown by the data.
Check out some related resources:
How ESPN used Domo’s intelligent apps to increase customer satisfaction
Harnessing the Power of Data to become a better Credit Union
Embracing the future of data with augmented BI
Try Domo for yourself. Completely free.
Domo transforms the way these companies manage business.