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186  Part II  •  Descriptive Analytics

                                    data warehouse. At a minimum, these warehouses involve a range of dimensions (e.g.,
                                      product, location, organizational structure, time), a range of measures, and millions of
                                    cells of data. In an effort to address these challenges, a number of researchers have
                                      developed a variety of new visualization techniques.

                                    Visual Analytics

                                    Visual analytics is a recently coined term that is often used loosely to mean nothing more
                                    than information visualization. What is meant by visual analytics is the  combination
                                    of  visualization  and  predictive  analytics.  While  information  visualization is  aimed at
                                      answering “what happened”  and  “what is happening”  and is closely associated  with
                                      business intelligence (routine reports, scorecards, and dashboards), visual analytics is
                                    aimed at answering “why is it happening,” “what is more likely to happen,” and is  usually
                                    associated with business analytics (forecasting, segmentation, correlation analysis).
                                    Many of the information visualization vendors are adding the capabilities to call them-
                                    selves visual analytics solution providers. One of the top, long-time analytics solution
                                      providers, SAS Institute, is approaching it from another direction. They are embedding
                                    their  analytics capabilities into a high-performance data visualization environment that
                                    they call visual analytics.
                                         Visual or not visual, automated or manual, online or paper based, business  reporting
                                    is not much different than telling a story. Technology Insights 4.2 provides a different,
                                    unorthodox viewpoint to better business reporting.





                                      technOLOgy insights 4.2  telling great stories with Data
                                      and visualization

                                      Everyone who has data to analyze has stories to tell, whether it’s diagnosing the reasons for
                                        manufacturing defects, selling a new idea in a way that captures the imagination of your  target
                                      audience, or informing colleagues about a particular customer service improvement  program.
                                      And when it’s telling the story behind a big strategic choice so that you and your senior
                                        management team can make a solid decision, providing a fact-based story can be especially
                                      challenging. In all cases, it’s a big job. You want to be interesting and memorable; you know
                                      you need to keep it simple for your busy executives and colleagues. Yet you also know you
                                      have to be factual, detail oriented, and data driven, especially in today’s metric-centric world.
                                          It’s tempting to present just the data and facts, but when colleagues and senior manage-
                                      ment are overwhelmed by data and facts without context, you lose. We have all experienced
                                      presentations with large slide decks, only to find that the audience is so overwhelmed with data
                                      that they don’t know what to think, or they are so completely tuned out, they take away only a
                                      fraction of the key points.
                                          Start  engaging  your  executive  team  and  explaining  your  strategies  and  results  more
                                        powerfully by approaching your assignment as a story. You will need the “what” of your story
                                      (the facts and data) but you also need the “who?,” the “how?,” the “why?,” and the often missed
                                      “so what?” It’s these story elements that will make your data relevant and tangible for your
                                      audience. Creating a good story can aid you and senior management in focusing on what
                                      is important.
                                      Why story?
                                      Stories bring life to data and facts. They can help you make sense and order out of a disparate
                                      collection of facts. They make it easier to remember key points and can paint a vivid picture of
                                      what the future can look like. Stories also create interactivity—people put themselves into stories
                                      and can relate to the situation.








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