Pluto7 - Vizualization and BI Trends and Best Practices 2015
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Governance involves ensuring data is current, accurate, and used to deliver positive business outcomes while meeting legal and compliance requirements. Effective governance protects sensitive information through a combined IT and business approach. It provides competitive advantages like responsive optimization and customer insight trends. As data moves to the cloud and devices become connected, integration and mobile analytics are maturing to support interactive collaboration and conversations driven by data. Effective dashboards communicate progress, highlight exceptions, and encourage actions through a structure tailored to the audience.
Pluto7 - Vizualization and BI Trends and Best Practices 2015
- 7. What does Governance mean? • Is the data used for business decisions both current and accurate? • Do you have the ability to deliver positive business outcomes with the dta? • Does your data security meet legal, compliance and regulatory requirements? • Protecting sensitive information and requires combining of efforts for an IT and business approach.
- 8. • A competitive advantage • Responsive product optimization • Find out when a topic is starting to trend and what their customers are talking about. • Brings into focus their influence on purchasing by others in their social networks. • Business functions need customer insights not just for marketing campaigns, but also for informing the organization’s sales, service, support, product development, and other key functions about customer feedback and trends.
- 9. • Companies starting to choose the cloud when it makes sense for their business case • Data location becomes more shifting towards cloud where necessary
- 10. Collaboration and Conversations with data replace static dashboards • Data is getting interactive enough that it can become the backbone of a conversation. • Collaboration combined with good dynamic BI will drive business decisions Everything integrates E.g. Internet of Everything • 50B+ devices are expected to be connected over next decade • Organizations are loosing patience with managing data from multiple data sources. • Rapid integration leveraging simple interfaces is going to become the standard. – E.g.Alteryx
- 11. Mobile Solutions are maturing Mobile solutions emerged many years back but are finally reaching a level of maturity that means that mobile workers really can do light analysis from the road.
- 13. 1. Address the elephants in the room – E.g. disagreement could be a DW platform selection 2. Divide work into bite-sized chunks that can be executed and funded within your company culture 3. Leverage what you have – Unless there is a significant gap 4. Articulate a clear business value – Must be viewed by the business as creating value 5. Avoid the miracle first year – There will be many “immediate needs”; don’t overpromise
- 14. • Who is my audience ? • What decisions do they make? • What questions do they need answered? • Do they enjoy digging into the numbers? • The dashboard’s level of detail and analytical capabilities should match the audience comfort zone.
- 16. • Help management define what is important • Educate people in the organization about the things that matter • Set goals and expectations for specific individuals or groups • Help executives sleep at night because they know what’s going on • Encourage specific actions in a timely manner • Highlight exceptions and provide alerts when problems occur • Communicate progress and success • Provide a common interface for interacting with and analyzing important business data
- 18. Type of dashboard • Scope : Broad or Specific function/Process/Product • Business role • Strategic : High Level, Broad and long term view • Operational : focused, near-term and tactical view • Time horizon : Historical, Snapshot, Real-time, Predictive • Level of Detail : High level, Detailed – Drill-able • Choosing the perfect metric – Actionable, Common Interpretation, Transparent, Credible data
- 19. Dashboard Structure • It requires a deep understanding of how the system you are measuring works. • Flow-based structure emphasizes a sequence of events or actions across time. • Relationships – could be mathematical, organizational, functional, or geographical • Grouping – group related information into categories or a hierarchy.
- 21. The Design • Organize the dashboard page • Appropriate use of color to enhance • Fonts • Chart type that best fits your data • Style charts to be attractive and effective • Maximize contrast between your data and the background. • AvoidVisual noise Design Principles • Compactness • Gradual reveal – Don’t bombard the user with all the information at once. • Guide attention – positioning on the page, use of color and fonts.. • Customizable – Build flexibility to allow the dashboard to become relevant for different users.
- 25. Summarizing • Don’t box yourself into “requirements”. Think Outside the Box Surprise the stakeholders • Remember 80/20. Low hanging fruit first. • Be Agile…..Reiterate. • Executive sponsorship isn’t enough. Convert the laggards. • Aim for novel insights, that challenge the business….not just labor productivity • Facilitate “action” • Measure success……Prove value…. Welcome 025© 2013 Pluto7 and/or its affiliates. All rights reserved. Pluto7 Confidential