In a world overrun by 24/7 information, it’s easy to get overwhelmed or misunderstand insights we glean. This holds true for businesses too, which must be sure they are making evidence-based decisions, developing the right strategies, and hitting goals. While data can be an invaluable resource for businesses looking to make better and smarter choices, […]
How storytelling can improve your organization
There are a thousand reasons the pen is mightier than the sword – the power of narrative can create bonds and shape our sense of the world around us. Storytelling can help us understand our purpose and place in the community, the workplace, family, and much more. And the same is true of the power […]
How data contextualization can shape the future of business
Information is critical to the success of businesses across virtually every industry. This is because an advanced understanding of the implementation, impact, and consequences of data on a company can lead to smarter decision making, resulting in better outcomes and enhanced processes. In fact, according to a 2016 McKinsey report, companies that embrace data and […]
How Big Data Analytics Benefits Companies – Part 1
Our world is awash in data. It comes at us from all directions and from many sources. From the news, social media, analytics platforms, magazines, books, blogs… the list goes on. For the average person, it can be challenging to parse through everything and decide what to pay attention to. And it’s no different for businesses. But, collecting data and making sense of it is critical to businesses and can help stakeholders make smarter decisions.
Five Industries That Can Benefit from Data Analytics & Visualization
Data analytics and visualization have become critical elements to most businesses across many sectors. These tools allow them to better interpret, analyze, and draw conclusions from data, especially statistical data that can be confusing or overwhelming to anyone who isn’t a data scientist. When organizations want to monitor their performance in real-time, they turn to data visualization to help them translate those large numbers into something that makes more sense and can help them make informed decisions that drive the business forward.
While most types of businesses can benefit from some kind of data analytics and visualization, there are a few industries for whom data is their bread and butter. Without data, these industries would struggle to keep customers happy, meet their goals, and in some cases, keep their business functioning.
If your business is unsure about diving into the world of data, keep reading to see if your industry is one that can most benefit from data analytics and visualization.
Why Data Storytelling Matters
Storytelling is a critical skill for transferring information and making facts memorable. Data professionals need to be thinking about telling stories with data. Here’s the how and why.