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Context is critical in just about every aspect of our lives. From a young age we teach children to use “context clues,” when first learning to read. When making a major purchasing decision, such as buying a car, we use the context of how many miles it has and whether it’s been in an accident […]
Most companies have turned to data to guide and inform critical decision making. And while most organizations have all the data they need (and then some) there is still a large gap between collecting data and using it for decision making. For businesses to stay competitive and keep up with the ever-changing digital landscape, they […]
Debunking Common Misconceptions About Data Storytelling Data has grown in significance over the years. So much so that just about every aspect of our lives is influenced by how we analyze and understand data. Indeed, big data plays a role in just about every industry and can guide strategic decision making for business. Because data […]
Over the past few decades, unit charts have proven to be a critical tool that businesses can use to leverage data for better decision-making. For businesses of all sizes, unit charts are valuable resources that use basic analytics to guide even the most complicated decisions. However, many people don’t understand how they can start using this tool to their advantage and can get overwhelmed learning how to use them.
We’ve laid out a few tips on how to get started using unit charts to simplify the concept and help your business implement them successfully.
Data storytelling needs both creativity and structure to succeed. You need to skillfully combine emotion and complex data into a piece that communicates insights that your company can use. Today, more and more businesses are using data storytelling in content for clients and employees alike. If you’re thinking of using data insight solutions to improve your business, here are things to keep in mind.
For risk managers, data analytics has become one of the most critical activities to carry out. With analytics, decision-making becomes even more reliable and accurate, and can help with the long-term success that minimizes losses while maximizing gains. However, there are plenty of challenges to be faced when collecting and using data to make decisions and inform strategies.
Some of these challenges may be tougher than others, but they all impede the risk manager’s ability to analyze data. Fortunately, there are solutions for all of these roadblocks that can make a risk manager’s job easier and more effective.
Keep reading to learn more!
With the 24-hour information cycle and social media constantly bombarding us, many people have become desensitized to it all. Companies have to keep innovating new ways to catch potential customers’ attention and cut through all of the noise. As a result, many businesses are focusing more on creative promotional campaigns and relying on things like data analytics to better understand their audience.
So what are the potential benefits to your business of using data analytics? Keep reading to learn more about how your business – big or small – can use data analytics to reach your goals.
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.