With the staggering amount of data in use today, it’s no wonder that business leaders are increasingly harnessing its power to develop meaningful insights and make informed decisions. According to a survey by Deloitte, organizations that make use of data for decision-making are twice as likely to exceed their business goals and outperform their competitors. One method to […]
Data Visualization in the Era of AI/ML
How will data visualization evolve in the era of AI/ML? While AI is rapidly evolving, it is ironic that business users are still using “dumb” dashboards. The challenge is to move beyond these unintelligent dashboards to a genuinely transformative visual analytics solution that harnesses the power of AI/ML. While some vendors offer a ChatGPT-like querying […]
Data Storytelling 101
Humans are inherently wired for stories. Stories captivate our imaginations, simplify complexity, and provide context – and turn abstract figures into relatable scenarios. Data storytelling takes advantage of this human passion. In data storytelling, the message is conveyed through engaging narratives, making the data insights inspire a high level of trust among the audience. It empowers stakeholders […]
What Is Data Literacy and Why Does It Matter?
An international survey by technology company Accenture in 2020 found that 75% of C-suite executives believe that all or most of their employees are proficient at working with data. However, only 50% of middle managers felt the same way. And what about the employees themselves? Only 25% felt that they were fully prepared to use data effectively, […]
Dashboard Tools for Data Analytics
In the world of data analytics, dashboard tools are pivotal instruments, distilling vast quantities of complex data into comprehensible, actionable insights. These tools are not mere luxuries but necessities for organizations aiming to navigate the data-rich environment of today’s digital businesses. By leveraging dashboard tools, businesses can transform raw data into a visually engaging and […]
5 Key Strategies for Making Data Visualization Accessible
“If I can’t picture it, I can’t understand it.” —Albert Einstein Research has found that 65% of the general population are visual learners, meaning they need to see information as images to understand it. The business world confirms this: Visualization is essential in driving success. Take, for instance, data visualization, or, the art of translating data into […]
Facing a Big Data Blank Canvas: How CxOs Can Avoid Getting Lost in Data Modeling Concepts
The volume of data now available to businesses continues to grow exponentially. When looking to extract valuable insights into their business’s performance, C-level executives (CxOs) must navigate the big data blank canvas. This requires a strategic approach, in which CxOs should define business objectives, prioritize data quality, leverage technology, build a data-driven culture, collaborate with […]
The Cool Kids Corner: Data Mesh and Enabling Your Data Story
Hello! I’m Mark Horseman, and welcome to The Cool Kids Corner. This is my monthly check-in to share with you the people and ideas I encounter as a data evangelist with DATAVERSITY. This month, we’re talking about data mesh. Data mesh represents a federated model of running your data program. While the term is largely […]
Data Visualization Tools
From social media interactions to online purchases, online activity leaves behind a trail of valuable information. However, this abundance of data presents a unique challenge for businesses and organizations: How can they make sense of this vast sea of information and use it to their advantage? This is where data analysis and data visualization tools […]
Building a Data Culture with Data Storytelling
Businesses worldwide are churning out vast volumes of data like never before. Statistics show that people will generate 120 zettabytes of data by the end of 2023, and that number will likely climb to 181 zettabytes by 2025. To extract the full value of all this data, business leaders must prioritize data-driven practices such as data storytelling – a […]