Data Visualization: Data visualization is the process that defines any effort to assist people to understand the importance of data by placing it in a visual context.
Patterns, trends, and correlations that might be missed in text-based data can be represented and identified with data visualization software.
It is a graphical representation of numerical data. This is one of the Hot skills in the market, you will get the highest salary.
Types of data visualization
Visual Reporting
- Visual reporting uses charts and graphics to represent business performance, usually defined by metrics and time-series information.
- The best dashboards and scorecards enable the users to drill down one or more levels to view more detailed information about a metric
- A dashboard is a visual exception report that signifies the ambiguities in performances using visualization techniques
Visual Analysis
- Visual-analysis allows users to visually explore the data to observe the data and discover new insights
- Visual-analysis offers a higher degree of data interactivity
- Users can visually filter, compare, and correlate the data at the speed of thought incorporating forecasting, modeling, and statistical analysis
- Data Visualization Representations
Business Intelligence Dashboard
- A business intelligence dashboard is a data visualization tool that represents the current status of metrics and key performance indicators for an enterprise
- Dashboards combine and arrange numbers, metrics and sometimes performance scorecards on a single screen. They can be customized for a specific role and display metrics targeted for a single point of view or department
- Microsoft and Oracle are some of the vendors for business intelligence dashboards.
- BI dashboards can also be created through other business applications, such as Excel. They are sometimes referred to as enterprise dashboards.
Performance Scorecard
- It is a graphical representation of the progress over time of some entity, such as an enterprise, an employee or a business unit that functions towards some specified goal
- The important factors of performance scorecards are targets and key performance indicators (KPIs).
- KPIs are the metrics that are used to evaluate factors that are essential for the success of an organization
- The main difference between a business intelligence dashboard and a performance scorecard is that a business intelligence dashboard, like the dashboard of a car, indicates the status at a particular point in time. A performance scorecard displays the progress over time towards specific goals
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