· What are digital dashboards and management cockpits? What are the capabilities of these information tools? How are global information systems (GIS) and global positioning systems (GPS) being used to expand the information tool kit available to managers?
Digital dashboards and management cockpits are high-level information tools that summarize complex business information and display it in clear, easy-to-read formats that allow managers and executives to understand their business processes. They typically work with dynamic data (underlying queries on a deployed database) for up-to-the minute or at least day-to-day results. They may use metaphors of driving or other technologies such as fuel gauges, traffic lights, or other green-yellow-red symbols to show when processes have gone out of control and need to be adjusted. They can report on and allow executives to monitor any variable that needs to be tracked. In addition, they allow executives to drill down into the data and identify root causes of variation in the processes.
Global information and GPS systems are used by managers to add location information to their information vault. A GPS system is particularly useful for managers with staff members who are geographically dispersed or who travel during the course of their day. The GPS system can also track information about an operational fleet or other mobile assets. A GIS not only tracks location, but summarizes and analyzes data relative to geographical location. By using multiple geographic overlays (e.g. profits vs sales by region), managers can identify which locales need to be addressed to maximize efficiencies. The GIS simplifies problems relating to location by synthesizing geographic information.
· What are digital dashboards and management cockpits? What are the capabilities of these information tools? How are global information systems (GIS) and global positioning sy