The Business Advantages of Real Time Dashboards

The big data revolution is here. That’s part of the reason you need so much bandwidth on your custom network. The question is: how will you use it to your advantage? Now that practically everything you do online generates data – and analytics software can help businesses track offline interactions too – it’s not enough to have the data; you also have to do something with it. That’s where real-time dashboards come in.

Real Time Dashboards for Real Time Responsiveness

Why real-time? Because the more up to date and accurate your information is, the more quickly you can react to changes in the business environment. Since 24% of US web users expect brands to reply within half an hour of contacting a brand, responsiveness is an advantage. To make this happen, you need a network that will run cloud applications to pull in and analyze the data coming from online transactions, social media, web visitors and more. Other businesses in your niche will be responsive; you must be too.

Better Strategy

Business strategy rests on the value of the information you get – and sometimes the speed of information is important, too. For example, if financial institutions don’t have a speedy network, then slower transactions can cost money. In contrast, real-time information can put money in their pocket. The right information at the right time means better planning and strategy – and that’s good for any business.

Reduced IT Workload; Improved Business Culture

Many real time data providers allow users to customize their own dashboards so they can extract the data that’s most useful to them. It’s usually pretty simple and that makes one less thing for IT people to do, leaving them free to focus on other aspects of your network. And information sharing improves the business culture, leading to more openness, greater innovation and improved productivity.

Real Time Dashboards and Your Network

From a network viewpoint, the integration of real-time dashboards and analytics into your business requires three things:

  1. High-speed, almost real-time transmission of data.
  2. The capture and storage of unstructured data.
  3. The ability to run cloud and other apps to analyze that data and provide meaningful business insights.

Ask us how we can customize a network to run your real-time data dashboard applications.

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