10 Mistakes Leaders Make with Data Dashboards
I find that organizations tend to make some or all of these mistakes in their goal and data tracking and reporting:
- Metrics are just financial, and lack information on qualitative performance or a more balanced data set (customer experience, employee experience)
- Too many metrics—so people do not know which ones are “critical numbers” (I have seen up to 1000 in a spreadsheet!)
- Focus on lagging metrics without any leading ones to proactively forecast performance or identify looming issues
- Small bits of data are communicated sporadically or informally weekly – so people lack the visibility to the trends of data over time
- Company-wide metrics are not “cascaded down” and aligned with department or team targets
- No company or department dashboard to visually share all key performance indicators easily in one place
- Data is presented numerically, but not visually compared to a target [such as the red-yellow-green stop light visual] to show how performance compared to expected and for quick identification of issues to address
- Reviewing metrics and dashboards weeks after a month or quarter is over, and focusing on a post-mortem rather than as a basis for agile decision making
- Not connecting department and individual projects with company objectives/ goals – resulting a lack of alignment and lack of completing on high priority items
- A mindset that company goals and performance is only for senior leaders—that staff wouldn’t understand or do not care about the annual goals, priorities or progress