Business Intelligence - Why Data Visualization is Only the Tip of the Iceberg
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Clear concise access to data is critical in today's rapidly changing business environment. However, there are pitfalls in reviewing data trends only. This presentation contains thoughts on how to complement your data visualization with processes that drive accountability and consistency.
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Business Intelligence - Why Data Visualization is Only the Tip of the Iceberg
- 1. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 1 Why Data Visualization is Only the Tip of the Iceberg
- 2. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com What is Data Visualization? 2 Data Visualization – the goal is to communicate information clearly and efficiently via the statistical graphics, plots, information graphics, tables, and charts. Effective Data Visualization: • Highlights performance • Displays patterns and relationships within the data • Makes complex data easy to use and understand • Helps you make better decisions
- 3. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 3 Data Visualization Challenges What to Measure: Tie metrics/KPIs to strategic and department-specific goals Where to Find it: Find the right data buried within the right reports Confirm Relevance: Get clarification on what the boss wants to know Collecting and Saving the Data: Hoarding reports, attachments and emails in your inbox Tech Support: Pain of making requests through IT Guarding the Gate: Block users from changing formulas and breaking charts
- 4. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 4 Data Visualization Results Does the data have meaning? Is this actionable data? Can you decipher and use this information?
- 5. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 5 Data Visualization Iceberg Data Visualization
- 6. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 6 Data Visualization Iceberg Data Visualization Scorecard System = Measure In a culture of ownership you spend less time, energy, and resources holding people accountable because they hold themselves accountable.
- 7. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 7 Data Visualization – Scorecard System Effective Scorecard Systems help organizations: • Tactical system to reach strategic objectives • Track business results • Establish a common business language • Equip leaders to make timely, informed decisions • Increase employee engagement
- 8. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 8 Data Visualization Iceberg Data Visualization Communication System = Discuss Department Head Directors Branch Heads Unit Heads Employees
- 9. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 9 Data Visualization – Communication System Effective Communication Systems help an organization: • Define standards for discussing the business • Establish a consistent cadence • Keep agendas focused on business outcomes • Cascade critical business information • Evaluate if meetings are moving the business forward
- 10. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 10 Data Visualization Iceberg Data Visualization Accountability System = Act What to do when people break their commitments.
- 11. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 11 Data Visualization – Accountability System Effective Accountability Systems help an organization: • Clearly define what is to be done • Identify who takes corrective action (1 person) • Assign a target date for each action • Link directly to a metric/KPI for clear line of site • Understand the process of action assignment and follow through
- 12. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 12 The Complete Picture Permissions – Control who has access to information and who can manage data Cascading Scorecards – Focus on the data and not on broken equations and spreadsheet links. Action Register- link metrics and actions to give managers clear line of sight to business activities Dashboards - give management quick, visual insights into organizational performance
- 13. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 13 What Users Say "The scorecard saves us 10-12 hours of meeting time each month. That's huge! "We improved operating efficiencies by more than 20% versus last year.” "Our last company survey showed a 40% increase in employee engagement." "We have reduced safety incidents by 90% over the past three years with the help of the scorecard communication features."
- 14. ©2015 Competitive Solutions, Inc. All Rights Reserved PBL ScoreCard® info@PBLScoreCard.com 14 Learn More Request a Private Demo at info@pblscorecard.com www.PBLSCoreCard.com Call us at (770) 667-9071