Why Will Companies Continue to Invest in Visualization?
Data visualization has become one of the most popular tools in data- driven business management in recent years. As Business Intelligence software becomes a more central part of business data practices and toolkit, visualizations have improved and at the same time become more accurate and versatile.
successful. Although they are intended to simplify analysis and understanding of the data, they cam
sometimes do just the opposite.
A survey reveals that the despite their best intentions, many companies confuse their data visualization implementations and end up with more harm than good. While this has not affected the popularity of BI and data visualization, it does raise some interesting questions about what companies can do.
The survey outlined above shown that while many have been successful in their data visualization
deployment strategies, most have only had some of this success, or have not yet seen benefits from it.
Why does it sometimes fail?
Survey responses show that while Dashboards are still being used and developed, the number of
companies that are experiencing great success thanks to them has decreased. When asked about the
overall effectiveness of their data dashboard strategies, only 43% of them describe it as somewhat
successful. 54% rate it as a bit successful and 3% were unsuccessful in implementation.
One of the biggest challenge advantage of dashboards is that they provide only the data that is sometimes go wrong and become chaotic, hiding important information.
Why will companies continue to invest in visualization?
A big reason many companies undergo less-than-optimal deployments is that they don't have an effective answer to the questions of what is data visualization. They do not know what it is. For many, the definition is as simple as charts made on spreadsheets and basic diagrams. However, information easier to understand and process.
various aspects of business decisions making. According to AMA, 64% of participants made decisions faster using a visualization tool such as charts.js, AM charts and map visualization while another found that visual language can shorten meetings by up to 24%.
More importantly, the AMA report cites additional third party studies showing that visual language helps solve problems, improving efficiency by 19% while overall producing 22% more results in 13% less time. Taking all this into account, the first of the reports that we showed you is quite worrying for some companies, since the precision and design cannot be overstated when planning a data visualization strategy.
In some cases, focusing on a specific type of visualization can misrepresent the data or make it difficult to understand. Having a clear implementation strategy that understand a company's specific needs and objectives can also facilitate this process. The report shows that companies that focus on goals that are more important than those that are more challenging can also help organizations increase their success.
Cannot be Neglected
Even with these, not all cases of a company that implements BI and data visualization software issuccessful. Although they are intended to simplify analysis and understanding of the data, they cam
sometimes do just the opposite.
A survey reveals that the despite their best intentions, many companies confuse their data visualization implementations and end up with more harm than good. While this has not affected the popularity of BI and data visualization, it does raise some interesting questions about what companies can do.
The survey outlined above shown that while many have been successful in their data visualization
deployment strategies, most have only had some of this success, or have not yet seen benefits from it.
Why does it sometimes fail?
Survey responses show that while Dashboards are still being used and developed, the number of
companies that are experiencing great success thanks to them has decreased. When asked about the
overall effectiveness of their data dashboard strategies, only 43% of them describe it as somewhat
successful. 54% rate it as a bit successful and 3% were unsuccessful in implementation.
One of the biggest challenge advantage of dashboards is that they provide only the data that is sometimes go wrong and become chaotic, hiding important information.
Why will companies continue to invest in visualization?
A big reason many companies undergo less-than-optimal deployments is that they don't have an effective answer to the questions of what is data visualization. They do not know what it is. For many, the definition is as simple as charts made on spreadsheets and basic diagrams. However, information easier to understand and process.
The importance of graphics
Another report from the American Management Association finds that visualization tends to improvevarious aspects of business decisions making. According to AMA, 64% of participants made decisions faster using a visualization tool such as charts.js, AM charts and map visualization while another found that visual language can shorten meetings by up to 24%.
More importantly, the AMA report cites additional third party studies showing that visual language helps solve problems, improving efficiency by 19% while overall producing 22% more results in 13% less time. Taking all this into account, the first of the reports that we showed you is quite worrying for some companies, since the precision and design cannot be overstated when planning a data visualization strategy.
In some cases, focusing on a specific type of visualization can misrepresent the data or make it difficult to understand. Having a clear implementation strategy that understand a company's specific needs and objectives can also facilitate this process. The report shows that companies that focus on goals that are more important than those that are more challenging can also help organizations increase their success.
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