We are constantly surrounded by data. It greets us on social media, in team presentation or a flashy infographic or in form of a boring economic news feed. Data is increasing rapidly and becoming a central source of information. Companies are trying to build on data visualization capabilities to easily represent those complex and large data sets.
Data visualizations aids in decision making as it reduces the pain of analyzing complex data. Simple yet informative data visuals help decision makers with a generous opportunity to reap benefits from multiple data assets. Improvement in visualization technologies and new ways of thinking has raised the importance of data visualization to tell more stories.
Creating a strategy using data visualization
It is important to build a strategy for effectively using data for preparing data visuals. First, collect relevant data and eliminate the information which is not appropriate by cleansing that data. This will identify and extract meaningful information and then data visualization enables a continuous real-time monitoring. This will help you identify how to create a strategy using data which will influence the decision making.
Data strategy works step by step starting with the selection of data streams, working on real-time, internal, external, or legacy data. Selecting …