Dashboards for the Real Estate Sector
Information, in the knowledge economy, is equivalent to power and yet information that is incorrigible can only make one feel lost. Even if the information is relevant and pertinent it is still no good, if it doesn’t come across as easy-to-consume and understand. Gone are the days of reports that run into reams of pages, in today’s time and age useful information is all about ready-to-consume, easy-to-infer smart pieces of data. And this is where, dashboards & analytics come into the picture!
Dashboards help you cut through the clutter and look at information in the most meaningful and consumable manner. One gets to see the most important and infer the most relevant. This greatly enhances appropriate analysis and aids confident decision-making.
Simply having access to tons of data is no good if one is not sure how best to use it! Likewise, knowing the statistics concerning your business inconsequential if they do not help you understand where your business is headed. Therefore, information should also help you formulate accurate trends and thereby aid appropriate inferences.
The Real Estate space is one sector that drives huge investments, has gargantuan operational scale and yet often come across as laden-footed in terms of decision making abilities. This can be attributed to the lack of transparency and poor data representation that’s almost a norm in the industry. And therefore, an on-demand dashboard that provide smart insights into your real estate enterprise is almost an indispensable tool.
Having access to on-demand dashboards can help drive efficiencies at various levels within an organization. Some of the key determinants of these efficiencies include:
1. Greater transparency into the status of projects, their completions, costs and profitability
2. Improved data consumption leading to better decision making ability, swift approvals and/or changes
3. Relevant data that is readily available makes management more agile to emerging opportunities & threats in the market/industry
4. Integrating multiple data sources to arrive at comprehensive dashboards to take holistic view of the organizational strengths & weaknesses
5. Role-based views & interfaces allow for greater accountability and improved monitoring of progress