My principal is setting up a "data den." This will be the room that our data teams (grade level teams) meet in. The walls will be covered with data as we chart our students' progress. There, we will examine which students are not proficient, brainstorm what interventive strategies we're going to use, and then determine how successful we were. Post-its, or index cards in pocket charts, will be used (I imagine).
Since this is a new direction for us, we are going to rely on other schools to help guide us as we create this space.
I've been surfing on the net, and found a few helpful sites.
Power Point on Data Walls
A Plethora of Photos of Data Walls