What is an Excel dashboard?
An Excel dashboard is a one-page summary of key performance indicators and metrics.
It usually employs visuals like charts and shapes 🔺🟩🔵.
We use dashboards to make sense of data and identify trends and insights.
Most dashboards fall under one of three major categories:
1. Operational Dashboards
This is the most common type. It usually shows performance-related metrics on a daily, weekly, or monthly basis.
Companies often have these to track work performance across their teams or departments.
Example: A weekly operations dashboard for a restaurant. This displays the speed of service, client satisfaction, and table turnover.
2. Analytical Dashboards
This type of dashboard focuses on comparing data across different periods. It helps check trends and compare metrics from the past.
These are often very detailed and are also interactive. They allow you to drill down to specific data points and periods.
Example: A web analytics dashboard. It monitors a website’s ranking, traffic sources, and conversion.
3. Strategic Dashboards
Lastly, this type of dashboard is a high-level summary report of key metrics. It is purpose-built for presentation and decision-making.
You will see many of these in company briefings and business meetings.
They are often used to show performance in general and areas of strength and weakness.
Example: A strategic dashboard for a business partnership. It presents the potential gains and risks.
Advantages of using Excel dashboards
Here are a few key advantages and reasons to use an Excel dashboard:
- Saves time ⏳: No need to analyze rows upon rows of data. A dashboard brings analysis features together for quick access!
- Easy to learn and use 💡: A proper Excel dashboard is intuitive by design. You don’t need to learn how to code or be an expert in data science to create and use dashboards.
- Pleasing to the eyes 👀: There is nothing quite like presenting data in an Excel dashboard. It is neat and powerful at the same time.
Now that you’re all caught up, let’s start with the list of the best Excel dashboard templates you can find online!