Why is Data Visualization Important in Data Analytics?by SG Analytics Global Insights & Analytics Company
Managers can create specific reporting dashboards to visualize the insights obtained through data collection and analysis. Sometimes, these dashboards provide several customizations, ranging from waterfall diagrams to scatter plots. Using them facilitates ease of communication and helps you conduct meetings efficiently. This post will elaborate on why data visualization is important in data analytics.
What is Data Visualization?
Data visualization transforms extensive datasets from tabulated numerical results into user-friendly charts, maps, animations, diagrams, and graphs. So, a data analytics consulting firm can make it easier to understand dataset patterns and identify mathematical outliers using visualized reports.
Time-based dashboards simplify business communications concerning the progress of data aggregation and modernization solutions. Meanwhile, corporations can use visualization to train employees more efficiently.
After all, humans are visual learners. You show them a more interactive flowchart, and they will learn the required activities faster. Moreover, visualizations like a heat map or a Gantt chart assist professionals in project risk management.
Why is Data Visualization Important in Analytics?
Data analytics combines computer science and statistical modeling to identify, study, and report patterns in databases. Therefore, most data modernization solutions aim to help businesses perform scalable analytics.
Analytics consulting firms consider data visualization important because it improves reporting quality. Remember, analysts must discuss the acquired insights with stakeholders who find it challenging to write and execute a well-coded script to filter trends.
Imagine an organization that uses data aggregation solutions and researches how a competitor’s products perform in the market. Its sales, production engineering, design, and marketing teams would like to emphasize specific components of the generated dataset.
They will also want to compare the organization’s current offerings with the competing product to identify improvement opportunities. So, visualization in data analytics is important since your departments can explore and filter the trends to develop reports optimized for different business queries.
Advantages of Integrating Data Visualization and Business Analytics
Benefit 1| Flexible Reporting Module
A visualization reporting module can specialize in comparative data representation or automatically generate qualitative descriptions. It is up to the business unit to decide which modules it wants to use when creating reports.
Pre-configured report elements, or presets, save a lot of time that would otherwise demand the expert guidance of a development programmer. Likewise, other visualization modules help you migrate data from one analytics provider to another consulting firm.
Application programming interfaces (APIs) also unlock exciting opportunities for building smartphone apps that stream dynamic visualizations. Therefore, your employees can access the dashboards or personalize some reporting modules on their mobile devices.
Benefit 2| Automated Recommendations
Modern data visualization platforms periodically offer insights by conducting automated analytical activities on cloud servers. These insights might suggest changing the visual scale for improved user experience (UX). Otherwise, they will alert you about sudden changes in performance trends.
For example, some data modernization solutions will help you migrate to advanced marketing analytics that leverages artificial intelligence (AI). Later, your visualizations will also feature ideas and tips to bridge the gap between your business objectives and observed performance. The new platforms automatically tell you which marketing campaigns exhibit the best return on ad spend (ROAS).
Benefit 3| Data Presentation Architecture
Data presentation architecture (DPA
Created on Jan 30th 2023 02:55. Viewed 47 times.