KPI dashboard in Tableau are powerful tools that enable organizations to monitor their performance against defined goals and objectives. KPI stands for Key Performance indicator. By bringing relevant metrics together in a single view, KPI dashboards provide stakeholders with real-time insight into critical performance areas, facilitating data-driven decision making.
In Tableau, these dashboards use interactive visualizations to present a wide range of data, allowing users to track progress, identify trends, and highlight areas that require attention. With a focus on clarity and simplicity, KPI dashboards ensure that essential information is easily accessible, enabling organizations to react quickly to changing business conditions.
When to use KPI Dashboard in Tableau
Performance monitoring
Use KPI dashboards to continuously track organizational performance against established goals, giving stakeholders a clear view of progress over time.
Strategic decision making
When making critical business decisions, KPI dashboards provide a comprehensive overview of relevant metrics, helping leaders align their strategies with data-driven insights.
Identifying trends
Visualize trends in key metrics with KPI dashboards, allowing organizations to identify potential problems before they occur and proactively adjust their strategies.
Cross-functional reporting
Integrate data from multiple departments using KPI dashboards to provide a holistic view of organizational performance that promotes collaboration and accountability across teams.
Importance of KPI Dashboard in Tableau
Real-time information
By displaying live data, KPI dashboards allow organizations to react immediately to changes in performance, ensuring that decision-makers have access to the latest information.
Simplified data visualization
These dashboards condense complex data into easily understandable visualizations, enabling stakeholders to understand the information they need without being overwhelmed by excessive detail.
Increased accountability
By clearly showing performance metrics, KPI dashboards promote accountability among teams and individuals, encouraging a culture of continuous improvement and goal alignment.
Improved communication
KPI dashboards serve as a common reference point for stakeholders, enhancing communication and collaboration across departments by ensuring everyone has a clear understanding of performance expectations.
Steps to create KPI Dashboard
Step 1: Open Tableau
Step 2: Click on Text file to connect with Tableau
Step 3: Browse csv file (or other file format as your need) and click on Open
Step 4: Click on Sheet 1 (Worksheet) to make visual
Step 5: Click on Analysis tab and select Create Calculated Field…
Step 6: Give a name for the field (KPI) and place the following formula as mentioned in image:
Step 7: Drag-n-drop Year in Columns and Profit Loss in Rows
Step 8: Click on dropdown with Automatic (Marks card) and select Area
Step 9: Drag-n-drop KPI and Profit Loss over Label (Marks card)
Step 10: Click on Label (Marks card) and select (…) dot (at right of Text)
Step 11: Make AGG(KPI) bold for clear visual
Step 12: Drag KPI and drop over Filters shelf
Step 13: Click on All to select all values in KPI
Step 14: Right click over KPI (Filters shelf) and select Show Filter
Step 15: Drag-n-drop KPI over Color (Marks card)
Step 16: Click on Color (Marks card) and select Edit Colors…
Step 17: Give appropriate colors to KPI values (e.g., Green to Above Benchmark and Red to Below Benchmark)
Output 1:
Note:
- On selecting all values in KPI filter, all above and below benchmark.
Output 2:
Note:
- On selecting Above Benchmark in KPI filter, it will show sum of profit loss more than 35000 in a year with green area.
Output 3:
Note:
- On selecting Below Benchmark in KPI filter, it will show sum of profit loss more than 35000 in a year with red area.
Conclusion
KPI dashboards in Tableau are invaluable for organizations that want to effectively monitor and improve their performance. By consolidating key metrics into a single, interactive view, these dashboards enable stakeholders to track progress, identify trends, and make data-driven decisions. Their ability to provide real-time insights and simplify complex data visualizations ensures that decision-makers can quickly respond to changing business conditions while promoting a culture of accountability and continuous improvement.
If you like the article and would like to support me, make sure to:
- 👏 Like for this article and subscribe to our newsletter
- 📰 View more content on my DataSpoof website
- 🔔 Follow Me: LinkedIn| Youtube | Instagram | Twitter
