Visual data reports have become an essential component of business intelligence. Recently, TDWI conducted a survey, and 74% of respondents credit data visualization for a “very high” or “high” increase in business user insights.
The greatest advantage of using visual data reports is that business users of all levels can manipulate the visual analytics dashboards fast and easily. In other words, all employees are able to find the information they need when they need it.
What would the evidence of that be, you might be asking?
- Patterns, trends, and outliers are communicated significantly more quickly using graphical representations of data than with tables of numbers and text.
- Users can discover flaws and problems that require attention at a glance and take appropriate action via visualization.
- Trends and issues are concealed beneath dizzying arrays of data and text in text-based reports and spreadsheets.
Data visualization is becoming more common in business environments as a result of its ability to communicate. In other words, visual reports are paving the way for the growth of modern enterprises, and we’re still only at the beginning.
Here are three more reasons why visual data reports are so important and how they can improve any company’s performance.
The amount of data in reports can sometimes be overwhelming. However, visual data reporting can help businesses reduce the overall workload in regards to reporting.
Nowadays, data visualization tools are advanced to the extent that they blend responsive visuals with real-time statistics and sharing features.
This has simplified reporting aids management in streamlining their employees’ operations. It also makes distributing reports much easier.
Better Access to Trends
With the help of data visualization tools, users can better understand consumer trends in a certain industry. In turn, this gives executives and CEOs a chance to recognize and seize new market opportunities.
Information collected from visualized data reports can also be shared with other departments, such as marketing or sales.
Say it with us… this enables better data collaboration.
Visual Reports Save Time
You know the old saying, “time is money.” Time is a critical resource for every business and companies are always looking for methods to make their processes more efficient and save time.
Thanks to custom data dashboards, users can decide what data to see. In addition, all data is presented in a manner that is easy to understand. This helps all departments across an organization save time and be more proactive about how they utilize data.
Last but not least, the beauty of using visual data reporting tools is that they don’t require considerable installation or training. Without much help from IT, multiple departments can access data at the same time.
Are you tired of seeing plain data reports filled with numbers only? Would you like to take your company’s data reports to the next level? We’re here to help. TRUECHART fundamentally changes data collaboration and how data is accessed, managed, modeled, and analyzed – powered by IBCS®.
Stay up-to-date with TRUECHART. Follow us on LinkedIn.