This Webinar will last 30 minutes and will be followed by a Q&A session. It’s being recorded and will be available for viewing later, and the PowerPoint material here will be available as well. So let’s jump right in. Data visualization tools are very popular today. That’s because they offer many benefits. We know a picture is a worth thousand words. The same is true for data visualization. But the primary benefit of these tools is that enables users spot trends and outliers, and then make a plan.
There’s a variety of different chart types, pies, bars, lines, and most sophisticated ones like maps and scatter plots. Users can see exactly what is in the data without having to scroll through all the detail. A second major benefit depends on speed of thought analysis. OCD tools are built on in memory databases where the data is downloaded into memory and allows users to ask questions and answers and then asking questions at the speed of thought.
Most data visualization tools allow analysts to publish their findings to all the other users on a server so they can take what they found and clean it up it, save on a server and provide access to the users what they want. So those are the three main benefits of data visualization tools, and there are many others. But these are the primary ones, to spot trends and outliers, enable speed of thought processing and analysis, and the ability to publish analysis tools.
There are some things to consider when implementing a data visualization tool. The first is that tools work fast when running against prepared data. By prepared data I mean data warehouses or data marts. The data has been sanitized, cleansed and integrated. I have to say that data visualization tools can run against other types of data, but it’s a lot easier if they get it prepared.
The second point, a lot of these tools started their life at desktop tools. That is because most of them were designed for power users or analysts who prefer to work with desktop applications where they can download the data. It’s offered more flexibility to do the kinds of analysis that they want to.