How CFOs Benefit from a BI Visualization Tool
Don’t just look at the information - although it will be very pretty.
Think about it. Take action.
And then, repeat the process all over again.
Don’t just look at the information - although it will be very pretty.
Think about it. Take action.
And then, repeat the process all over again.
This morning, I had one of those serendipity moments.
As I was waiting at the bus stop to take my daughter to school,
This tiny table tells a powerful story: in the fifteen presidential election years, the incumbent president’s party shows an average gain
Data visualization and the side effects of choosing a health care plan…part 2.
The whole point of a graph is to give the reader a quick, easily comprehensible visual impression of the data, so even small changes can be critically important.
We shift gears from recent posts to address a critical – and extremely timely – decision: choosing a health insurance plan, which you must do by 12/15 if you want a new plan in place by 1/1/15. If you’re a finance professional, you
How much of your business performance (profit) is driven by external factors versus internal? A figure of 85% compared to 15% was mentioned at last month’s Manufacturing Analytics Summit, and although I could not find the study mentioned to confirm, it feels about right to me. Certainly more than half, right? So, how much of yourdashboard reporting and KPI metrics incorporate external data?
Insights from decision trees and other basic analytic techniques show that you don’t always need complex analytics to solve business problems and add value. This was the message from Dr. James (Jim) Foster, Director of Research and Process Development, Archer Daniels Midland (ADM), at last month’s inaugural IE Group ‘Manufacturing Analytics Summit’ in Chicago, which I had the great privilege to chair for both days.
What’s the story of your organization, your business?
There’s a story there, there always is. Numbers on a spreadsheet don’t do it justice. Yes, there is the annual report, but first, who reads it, and second, that’s just the point – it’s “annual”. The story of your business is dynamic, it runs all year long, 24/7. Numbers and metrics are only part of if.
This is what the combination of analytics and visualization does best – together they filter out the noise so that you are left with the core concerns. Decision making under uncertainty is tough enough – no sense wasting time and effort striving for precision and accuracy around the WRONG variables or issues. No matter how you choose to mix your metaphors, data visualization turns down the noise so that you can hear yourself think.