SlideShare a Scribd company logo
Chapter 3 • Nature of Data, Statistical Modeling, and
Visualization 185
of thousands of BI dashboards, scorecards, and BI interfaces
used by businesses of all
sizes and industries, nonprofits, and government agencies.
According to Eckerson (2006), a well-known expert on BI in
general and dash-
boards in particular, the most distinctive feature of a dashboard
is its three layers of
information:
1. Monitoring: Graphical, abstracted data to monitor key
performance metrics.
2. Analysis: Summarized dimensional data to analyze the root
cause of problems.
3. Management: Detailed operational data that identify what
actions to take to re-
solve a problem.
Because of these layers, dashboards pack a large amount of
information into a sin-
gle screen. According to Few (2005), “The fundamental
challenge of dashboard design is
to display all the required information on a single screen,
clearly and without distraction,
in a manner that can be assimilated quickly.” To speed
assimilation of the numbers, they
need to be placed in context. This can be done by comparing the
numbers of interest to
other baseline or target numbers, by indicating whether the
numbers are good or bad,
by denoting whether a trend is better or worse, and by using
specialized display widgets
or components to set the comparative and evaluative context.
Some of the common
comparisons that are typically made in BI systems include
comparisons against past val-
ues, forecasted values, targeted values, benchmark or average
values, multiple instances
of the same measure, and the values of other measures (e.g.,
revenues versus costs).
Even with comparative measures, it is important to specifically
point out whether a
particular number is good or bad and whether it is trending in
the right direction. Without
these types of evaluative designations, it can be time consuming
to determine the status
of a particular number or result. Typically, either specialized
visual objects (e.g., traffic
lights, dials, and gauges) or visual attributes (e.g., color coding)
are used to set the evalu-
ative context. An interactive dashboard-driven reporting data
exploration solution built by
an energy company is featured in Application Case 3.8.
Energy markets all around the world are going
through a significant change and transformation,
creating ample opportunities along with significant
challenges. As is the case in any industry, oppor-
tunities are attracting more players in the market-
place, increasing the competition, and reducing the
tolerances for less-than-optimal business decision
making. Success requires creating and disseminat-
ing accurate and timely information to whomever
whenever it is needed. For instance, if you need to
easily track marketing budgets, balance employee
workloads, and target customers with tailored mar-
keting messages, you would need three different
reporting solutions. Electrabel GDF SUEZ is doing
all of that for its marketing and sales business unit
with SAS'Analytics Visual Analytics platform.
The one-solution approach is a great time-saver
for marketing professionals in an industry that is
undergoing tremendous change. “It is a huge chal-
lenge to stabilize our market position in the energy
market. That includes volume, prices, and margins
for both retail and business customers,” notes Danny
Noppe, manager of Reporting Architecture and
Development in the Electrabel Marketing and Sales
business unit. The company is the largest supplier of
electricity in Belgium and the largest producer of elec-
tricity for Belgium and the Netherlands. Noppe says it
is critical that Electrabel increase the efficiency of its
customer communications as it explores new digital
channels and develops new energy-related services.
“The better we know the customer, the bet-
ter our likelihood of success,” he says. “That is why
Application Case 3.8 Visual Analytics Helps Energy Supplier
Make Better Connections
(Continued )
186 Part I • Introduction to Analytics and AI
What to Look for in a Dashboard
Although performance dashboards and other information
visualization frameworks differ,
they all share some common design characteristics. First, they
all fit within the larger BI
and/or performance measurement system. This means that their
underlying architecture
is the BI or performance management architecture of the larger
system. Second, all well-
designed dashboards and other information visualizations
possess the following charac-
teristics (Novell, 2009):
we combine information from various sources—
phone traffic with the customer, online questions,
text messages, and mail campaigns. This enhanced
knowledge of our customer and prospect base will
be an additional advantage within our competitive
market.”
One Version of the Truth
Electrabel was using various platforms and tools for
reporting purposes. This sometimes led to ambigu-
ity in the reported figures. The utility also had per-
formance issues in processing large data volumes.
SAS Visual Analytics with in-memory technology
removes the ambiguity and the performance issues.
“We have the autonomy and flexibility to respond to
the need for customer insight and data visualization
internally,” Noppe says. “After all, fast reporting is
an essential requirement for action-oriented depart-
ments such as sales and marketing.”
Working More Efficiently at a Lower Cost
SAS Visual Analytics automates the process of
updating information in reports. Instead of building
a report that is out of date by the time it is com-
pleted, the data are refreshed for all the reports once
a week and is available on dashboards. In deploying
the solution, Electrabel chose a phased approach,
starting with simple reports and moving on to more
complex ones. The first report took a few weeks
to build, and the rest came quickly. The successes
include the following:
• Reduction of data preparation from two days
to only two hours.
• Clear graphic insight into the invoicing and
composition of invoices for business-to-busi-
ness (B2B) customers.
• A workload management report by the op-
erational teams. Managers can evaluate team
workloads on a weekly or long-term basis and
can make adjustments accordingly.
“We have significantly improved our effi-
ciency and can deliver quality data and reports
more frequently, and at a significantly lower cost,”
says Noppe. And if the company needs to combine
data from multiple sources, the process is equally
easy. “Building visual reports, based on these data
marts, can be achieved in a few days, or even a few
hours.”
Noppe says the company plans to continue
broadening its insight into the digital behavior of
its customers, combining data from Web analytics,
e-mail, and social media with data from back-end
systems. “Eventually, we want to replace all labor-
intensive reporting with SAS Visual Analytics,” he
says, adding that the flexibility of SAS Visual Analytics
is critical for his department. “This will give us more
time to tackle other challenges. We also want to
make this tool available on our mobile devices. This
will allow our account managers to use up-to-date,
insightful, and adaptable reports when visiting cus-
tomers. We’ve got a future-oriented reporting plat-
form to do all we need.”
Questions for Case 3.8
1. Why do you think energy supply companies are
among the prime users of information visualiza-
tion tools?
2. How did Electrabel use information visualization
for the single version of the truth?
3. What were their challenges, the proposed solu-
tion, and the obtained results?
Source: SAS Customer Story, “Visual Analytics Helps Energy
Supplier Make Better Connections.” http://www.sas.com/
en_us/customers/electrabel-be.html (accessed July 2018).
Copyright © 2018 SAS Institute Inc., Cary, NC, United States.
Reprinted with permission. All rights reserved.
Application Case 3.8 (Continued)
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.
/
Printed by: [email protected] Printing is for personal, private
use only. No part of this book may be reproduced or
transmitted without publisher's prior permission. Violators will
be prosecuted.

More Related Content

Similar to Chapter 3 • Nature of Data, Statistical Modeling, and Visuali.docx

IBM Planning Analytics
IBM Planning AnalyticsIBM Planning Analytics
IBM Planning Analytics
Enrique de Nicolás Marín
 
Analytics and Information Architecture
Analytics and Information ArchitectureAnalytics and Information Architecture
Analytics and Information Architecture
William McKnight
 
Inventory System
Inventory System Inventory System
Inventory System
Nasir152222
 
Business.pdf
Business.pdfBusiness.pdf
Business.pdf
vikaschaurasia40
 
Business Intelligence Unit 1.pdf
Business Intelligence Unit 1.pdfBusiness Intelligence Unit 1.pdf
Business Intelligence Unit 1.pdf
vikaschaurasia40
 
Offers bank dss
Offers bank dssOffers bank dss
Offers bank dss
ghada alajlan
 
Picture Performance - Dashboards and Scorecards
Picture Performance - Dashboards and ScorecardsPicture Performance - Dashboards and Scorecards
Picture Performance - Dashboards and Scorecards
Tridant
 
Modern Manufacturing: 4 Ways Data is Transforming the Industry
Modern Manufacturing: 4 Ways Data is Transforming the IndustryModern Manufacturing: 4 Ways Data is Transforming the Industry
Modern Manufacturing: 4 Ways Data is Transforming the Industry
Tableau Software
 
The Case for Business Modeling
The Case for Business ModelingThe Case for Business Modeling
The Case for Business Modeling
Neil Raden
 
Enterprise architecture
Enterprise architecture Enterprise architecture
Enterprise architecture
Hamzazafeer
 
business analytics.ppt
business analytics.pptbusiness analytics.ppt
business analytics.ppt
Renu Lamba
 
Big data – A Review
Big data – A ReviewBig data – A Review
Big data – A Review
IRJET Journal
 
BI
BIBI
ImpactECS and SAP for Manufacturing eBook
ImpactECS and SAP for Manufacturing eBookImpactECS and SAP for Manufacturing eBook
ImpactECS and SAP for Manufacturing eBook
3C Software
 
SAP & ImpactECS for Manufacturers - Costing and Profitability
SAP & ImpactECS for Manufacturers - Costing and ProfitabilitySAP & ImpactECS for Manufacturers - Costing and Profitability
SAP & ImpactECS for Manufacturers - Costing and Profitability
Michele Self
 
How In-memory Computing Drives IT Simplification
How In-memory Computing Drives IT SimplificationHow In-memory Computing Drives IT Simplification
How In-memory Computing Drives IT Simplification
SAP Technology
 
The business-case-for-advanced-data-visualization
The business-case-for-advanced-data-visualizationThe business-case-for-advanced-data-visualization
The business-case-for-advanced-data-visualization
Inyene Edwin Etefia
 
Dashboard research_fin
Dashboard research_finDashboard research_fin
Dashboard research_fin
tadams76
 
IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...
IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...
IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...
ijaia
 
Certus Accelerate - Building the business case for why you need to invest in ...
Certus Accelerate - Building the business case for why you need to invest in ...Certus Accelerate - Building the business case for why you need to invest in ...
Certus Accelerate - Building the business case for why you need to invest in ...
Certus Solutions
 

Similar to Chapter 3 • Nature of Data, Statistical Modeling, and Visuali.docx (20)

IBM Planning Analytics
IBM Planning AnalyticsIBM Planning Analytics
IBM Planning Analytics
 
Analytics and Information Architecture
Analytics and Information ArchitectureAnalytics and Information Architecture
Analytics and Information Architecture
 
Inventory System
Inventory System Inventory System
Inventory System
 
Business.pdf
Business.pdfBusiness.pdf
Business.pdf
 
Business Intelligence Unit 1.pdf
Business Intelligence Unit 1.pdfBusiness Intelligence Unit 1.pdf
Business Intelligence Unit 1.pdf
 
Offers bank dss
Offers bank dssOffers bank dss
Offers bank dss
 
Picture Performance - Dashboards and Scorecards
Picture Performance - Dashboards and ScorecardsPicture Performance - Dashboards and Scorecards
Picture Performance - Dashboards and Scorecards
 
Modern Manufacturing: 4 Ways Data is Transforming the Industry
Modern Manufacturing: 4 Ways Data is Transforming the IndustryModern Manufacturing: 4 Ways Data is Transforming the Industry
Modern Manufacturing: 4 Ways Data is Transforming the Industry
 
The Case for Business Modeling
The Case for Business ModelingThe Case for Business Modeling
The Case for Business Modeling
 
Enterprise architecture
Enterprise architecture Enterprise architecture
Enterprise architecture
 
business analytics.ppt
business analytics.pptbusiness analytics.ppt
business analytics.ppt
 
Big data – A Review
Big data – A ReviewBig data – A Review
Big data – A Review
 
BI
BIBI
BI
 
ImpactECS and SAP for Manufacturing eBook
ImpactECS and SAP for Manufacturing eBookImpactECS and SAP for Manufacturing eBook
ImpactECS and SAP for Manufacturing eBook
 
SAP & ImpactECS for Manufacturers - Costing and Profitability
SAP & ImpactECS for Manufacturers - Costing and ProfitabilitySAP & ImpactECS for Manufacturers - Costing and Profitability
SAP & ImpactECS for Manufacturers - Costing and Profitability
 
How In-memory Computing Drives IT Simplification
How In-memory Computing Drives IT SimplificationHow In-memory Computing Drives IT Simplification
How In-memory Computing Drives IT Simplification
 
The business-case-for-advanced-data-visualization
The business-case-for-advanced-data-visualizationThe business-case-for-advanced-data-visualization
The business-case-for-advanced-data-visualization
 
Dashboard research_fin
Dashboard research_finDashboard research_fin
Dashboard research_fin
 
IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...
IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...
IMPLEMENTATION OF A DECISION SUPPORT SYSTEM AND BUSINESS INTELLIGENCE ALGORIT...
 
Certus Accelerate - Building the business case for why you need to invest in ...
Certus Accelerate - Building the business case for why you need to invest in ...Certus Accelerate - Building the business case for why you need to invest in ...
Certus Accelerate - Building the business case for why you need to invest in ...
 

More from poulterbarbara

1 Activity Analysis of Coloring M.docx
1  Activity Analysis of Coloring M.docx1  Activity Analysis of Coloring M.docx
1 Activity Analysis of Coloring M.docx
poulterbarbara
 
0 Choose one of the organizations described in the Four Case Studie.docx
0 Choose one of the organizations described in the Four Case Studie.docx0 Choose one of the organizations described in the Four Case Studie.docx
0 Choose one of the organizations described in the Four Case Studie.docx
poulterbarbara
 
1 ITNE2003 Install, Configure, Operate and T.docx
1  ITNE2003  Install, Configure, Operate and T.docx1  ITNE2003  Install, Configure, Operate and T.docx
1 ITNE2003 Install, Configure, Operate and T.docx
poulterbarbara
 
1 Case Study #23 Is Yahoo!’s Business Model .docx
1  Case Study #23   Is Yahoo!’s Business Model .docx1  Case Study #23   Is Yahoo!’s Business Model .docx
1 Case Study #23 Is Yahoo!’s Business Model .docx
poulterbarbara
 
06identifying exceptions and RECOGNIZING WINSWe can .docx
06identifying exceptions and  RECOGNIZING WINSWe can .docx06identifying exceptions and  RECOGNIZING WINSWe can .docx
06identifying exceptions and RECOGNIZING WINSWe can .docx
poulterbarbara
 
08creating YOUR GAME PLANNothing will work unle.docx
08creating  YOUR GAME PLANNothing will work  unle.docx08creating  YOUR GAME PLANNothing will work  unle.docx
08creating YOUR GAME PLANNothing will work unle.docx
poulterbarbara
 
1 2Week 4 Evidence and Standards ACC49142020Week .docx
1     2Week 4 Evidence and Standards ACC49142020Week .docx1     2Week 4 Evidence and Standards ACC49142020Week .docx
1 2Week 4 Evidence and Standards ACC49142020Week .docx
poulterbarbara
 
02.05 The Bill of Rights AssessmentAssessmentYou learne.docx
02.05 The Bill of Rights AssessmentAssessmentYou learne.docx02.05 The Bill of Rights AssessmentAssessmentYou learne.docx
02.05 The Bill of Rights AssessmentAssessmentYou learne.docx
poulterbarbara
 
0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx
0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx
0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx
poulterbarbara
 
.,Discuss power, authority, and violenceDifferentiate between .docx
.,Discuss power, authority, and violenceDifferentiate between .docx.,Discuss power, authority, and violenceDifferentiate between .docx
.,Discuss power, authority, and violenceDifferentiate between .docx
poulterbarbara
 
. Why is understanding the fundamentals of persuasion and argume.docx
. Why is understanding the fundamentals of persuasion and argume.docx. Why is understanding the fundamentals of persuasion and argume.docx
. Why is understanding the fundamentals of persuasion and argume.docx
poulterbarbara
 
09-15 PRACTICAL EXERCISE PE 4-04-1 TITL.docx
09-15 PRACTICAL EXERCISE PE 4-04-1             TITL.docx09-15 PRACTICAL EXERCISE PE 4-04-1             TITL.docx
09-15 PRACTICAL EXERCISE PE 4-04-1 TITL.docx
poulterbarbara
 
0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx
0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx
0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx
poulterbarbara
 
... all men are created equal ... they are endowed by their Cre.docx
... all men are created equal ... they are endowed by their Cre.docx... all men are created equal ... they are endowed by their Cre.docx
... all men are created equal ... they are endowed by their Cre.docx
poulterbarbara
 
-Extended definition of AI and contextual overview.-Detailed d.docx
-Extended definition of AI and contextual overview.-Detailed d.docx-Extended definition of AI and contextual overview.-Detailed d.docx
-Extended definition of AI and contextual overview.-Detailed d.docx
poulterbarbara
 
1 CDU APA 6th Referencing Style Guide (Febru.docx
1  CDU APA 6th  Referencing Style Guide (Febru.docx1  CDU APA 6th  Referencing Style Guide (Febru.docx
1 CDU APA 6th Referencing Style Guide (Febru.docx
poulterbarbara
 
1 How to Overcome Public Perception Issues on Potable R.docx
1  How to Overcome Public Perception Issues on Potable R.docx1  How to Overcome Public Perception Issues on Potable R.docx
1 How to Overcome Public Perception Issues on Potable R.docx
poulterbarbara
 
. Thoroughly complete each part of the prewriting process.. .docx
. Thoroughly complete each part of the prewriting process.. .docx. Thoroughly complete each part of the prewriting process.. .docx
. Thoroughly complete each part of the prewriting process.. .docx
poulterbarbara
 
. Research Paper Give a behaviorists response to the charge t.docx
. Research Paper Give a behaviorists response to the charge t.docx. Research Paper Give a behaviorists response to the charge t.docx
. Research Paper Give a behaviorists response to the charge t.docx
poulterbarbara
 
-QuestionsDiscuss how Adam vision was formedHow did he deve.docx
-QuestionsDiscuss how Adam vision was formedHow did he deve.docx-QuestionsDiscuss how Adam vision was formedHow did he deve.docx
-QuestionsDiscuss how Adam vision was formedHow did he deve.docx
poulterbarbara
 

More from poulterbarbara (20)

1 Activity Analysis of Coloring M.docx
1  Activity Analysis of Coloring M.docx1  Activity Analysis of Coloring M.docx
1 Activity Analysis of Coloring M.docx
 
0 Choose one of the organizations described in the Four Case Studie.docx
0 Choose one of the organizations described in the Four Case Studie.docx0 Choose one of the organizations described in the Four Case Studie.docx
0 Choose one of the organizations described in the Four Case Studie.docx
 
1 ITNE2003 Install, Configure, Operate and T.docx
1  ITNE2003  Install, Configure, Operate and T.docx1  ITNE2003  Install, Configure, Operate and T.docx
1 ITNE2003 Install, Configure, Operate and T.docx
 
1 Case Study #23 Is Yahoo!’s Business Model .docx
1  Case Study #23   Is Yahoo!’s Business Model .docx1  Case Study #23   Is Yahoo!’s Business Model .docx
1 Case Study #23 Is Yahoo!’s Business Model .docx
 
06identifying exceptions and RECOGNIZING WINSWe can .docx
06identifying exceptions and  RECOGNIZING WINSWe can .docx06identifying exceptions and  RECOGNIZING WINSWe can .docx
06identifying exceptions and RECOGNIZING WINSWe can .docx
 
08creating YOUR GAME PLANNothing will work unle.docx
08creating  YOUR GAME PLANNothing will work  unle.docx08creating  YOUR GAME PLANNothing will work  unle.docx
08creating YOUR GAME PLANNothing will work unle.docx
 
1 2Week 4 Evidence and Standards ACC49142020Week .docx
1     2Week 4 Evidence and Standards ACC49142020Week .docx1     2Week 4 Evidence and Standards ACC49142020Week .docx
1 2Week 4 Evidence and Standards ACC49142020Week .docx
 
02.05 The Bill of Rights AssessmentAssessmentYou learne.docx
02.05 The Bill of Rights AssessmentAssessmentYou learne.docx02.05 The Bill of Rights AssessmentAssessmentYou learne.docx
02.05 The Bill of Rights AssessmentAssessmentYou learne.docx
 
0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx
0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx
0091-4169049501-0001THE JOURNAL OF CRIMINAL LAW & CRIMINOL.docx
 
.,Discuss power, authority, and violenceDifferentiate between .docx
.,Discuss power, authority, and violenceDifferentiate between .docx.,Discuss power, authority, and violenceDifferentiate between .docx
.,Discuss power, authority, and violenceDifferentiate between .docx
 
. Why is understanding the fundamentals of persuasion and argume.docx
. Why is understanding the fundamentals of persuasion and argume.docx. Why is understanding the fundamentals of persuasion and argume.docx
. Why is understanding the fundamentals of persuasion and argume.docx
 
09-15 PRACTICAL EXERCISE PE 4-04-1 TITL.docx
09-15 PRACTICAL EXERCISE PE 4-04-1             TITL.docx09-15 PRACTICAL EXERCISE PE 4-04-1             TITL.docx
09-15 PRACTICAL EXERCISE PE 4-04-1 TITL.docx
 
0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx
0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx
0Running Head NON-VERBAL COMMUNICATIONS 10NON-VERBAL C.docx
 
... all men are created equal ... they are endowed by their Cre.docx
... all men are created equal ... they are endowed by their Cre.docx... all men are created equal ... they are endowed by their Cre.docx
... all men are created equal ... they are endowed by their Cre.docx
 
-Extended definition of AI and contextual overview.-Detailed d.docx
-Extended definition of AI and contextual overview.-Detailed d.docx-Extended definition of AI and contextual overview.-Detailed d.docx
-Extended definition of AI and contextual overview.-Detailed d.docx
 
1 CDU APA 6th Referencing Style Guide (Febru.docx
1  CDU APA 6th  Referencing Style Guide (Febru.docx1  CDU APA 6th  Referencing Style Guide (Febru.docx
1 CDU APA 6th Referencing Style Guide (Febru.docx
 
1 How to Overcome Public Perception Issues on Potable R.docx
1  How to Overcome Public Perception Issues on Potable R.docx1  How to Overcome Public Perception Issues on Potable R.docx
1 How to Overcome Public Perception Issues on Potable R.docx
 
. Thoroughly complete each part of the prewriting process.. .docx
. Thoroughly complete each part of the prewriting process.. .docx. Thoroughly complete each part of the prewriting process.. .docx
. Thoroughly complete each part of the prewriting process.. .docx
 
. Research Paper Give a behaviorists response to the charge t.docx
. Research Paper Give a behaviorists response to the charge t.docx. Research Paper Give a behaviorists response to the charge t.docx
. Research Paper Give a behaviorists response to the charge t.docx
 
-QuestionsDiscuss how Adam vision was formedHow did he deve.docx
-QuestionsDiscuss how Adam vision was formedHow did he deve.docx-QuestionsDiscuss how Adam vision was formedHow did he deve.docx
-QuestionsDiscuss how Adam vision was formedHow did he deve.docx
 

Recently uploaded

PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
Dr. Shivangi Singh Parihar
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
Celine George
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RitikBhardwaj56
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Celine George
 
Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5
sayalidalavi006
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
Priyankaranawat4
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
TechSoup
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
heathfieldcps1
 
BBR 2024 Summer Sessions Interview Training
BBR  2024 Summer Sessions Interview TrainingBBR  2024 Summer Sessions Interview Training
BBR 2024 Summer Sessions Interview Training
Katrina Pritchard
 
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Akanksha trivedi rama nursing college kanpur.
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Dr. Vinod Kumar Kanvaria
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
Priyankaranawat4
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
National Information Standards Organization (NISO)
 
Main Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docxMain Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docx
adhitya5119
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
Nicholas Montgomery
 

Recently uploaded (20)

PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
 
Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
 
BBR 2024 Summer Sessions Interview Training
BBR  2024 Summer Sessions Interview TrainingBBR  2024 Summer Sessions Interview Training
BBR 2024 Summer Sessions Interview Training
 
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
 
Main Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docxMain Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docx
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
 

Chapter 3 • Nature of Data, Statistical Modeling, and Visuali.docx

  • 1. Chapter 3 • Nature of Data, Statistical Modeling, and Visualization 185 of thousands of BI dashboards, scorecards, and BI interfaces used by businesses of all sizes and industries, nonprofits, and government agencies. According to Eckerson (2006), a well-known expert on BI in general and dash- boards in particular, the most distinctive feature of a dashboard is its three layers of information: 1. Monitoring: Graphical, abstracted data to monitor key performance metrics. 2. Analysis: Summarized dimensional data to analyze the root cause of problems. 3. Management: Detailed operational data that identify what actions to take to re- solve a problem. Because of these layers, dashboards pack a large amount of information into a sin- gle screen. According to Few (2005), “The fundamental challenge of dashboard design is to display all the required information on a single screen, clearly and without distraction, in a manner that can be assimilated quickly.” To speed assimilation of the numbers, they need to be placed in context. This can be done by comparing the numbers of interest to
  • 2. other baseline or target numbers, by indicating whether the numbers are good or bad, by denoting whether a trend is better or worse, and by using specialized display widgets or components to set the comparative and evaluative context. Some of the common comparisons that are typically made in BI systems include comparisons against past val- ues, forecasted values, targeted values, benchmark or average values, multiple instances of the same measure, and the values of other measures (e.g., revenues versus costs). Even with comparative measures, it is important to specifically point out whether a particular number is good or bad and whether it is trending in the right direction. Without these types of evaluative designations, it can be time consuming to determine the status of a particular number or result. Typically, either specialized visual objects (e.g., traffic lights, dials, and gauges) or visual attributes (e.g., color coding) are used to set the evalu- ative context. An interactive dashboard-driven reporting data exploration solution built by an energy company is featured in Application Case 3.8. Energy markets all around the world are going through a significant change and transformation, creating ample opportunities along with significant challenges. As is the case in any industry, oppor- tunities are attracting more players in the market- place, increasing the competition, and reducing the tolerances for less-than-optimal business decision making. Success requires creating and disseminat- ing accurate and timely information to whomever
  • 3. whenever it is needed. For instance, if you need to easily track marketing budgets, balance employee workloads, and target customers with tailored mar- keting messages, you would need three different reporting solutions. Electrabel GDF SUEZ is doing all of that for its marketing and sales business unit with SAS'Analytics Visual Analytics platform. The one-solution approach is a great time-saver for marketing professionals in an industry that is undergoing tremendous change. “It is a huge chal- lenge to stabilize our market position in the energy market. That includes volume, prices, and margins for both retail and business customers,” notes Danny Noppe, manager of Reporting Architecture and Development in the Electrabel Marketing and Sales business unit. The company is the largest supplier of electricity in Belgium and the largest producer of elec- tricity for Belgium and the Netherlands. Noppe says it is critical that Electrabel increase the efficiency of its customer communications as it explores new digital channels and develops new energy-related services. “The better we know the customer, the bet- ter our likelihood of success,” he says. “That is why Application Case 3.8 Visual Analytics Helps Energy Supplier Make Better Connections (Continued ) 186 Part I • Introduction to Analytics and AI What to Look for in a Dashboard
  • 4. Although performance dashboards and other information visualization frameworks differ, they all share some common design characteristics. First, they all fit within the larger BI and/or performance measurement system. This means that their underlying architecture is the BI or performance management architecture of the larger system. Second, all well- designed dashboards and other information visualizations possess the following charac- teristics (Novell, 2009): we combine information from various sources— phone traffic with the customer, online questions, text messages, and mail campaigns. This enhanced knowledge of our customer and prospect base will be an additional advantage within our competitive market.” One Version of the Truth Electrabel was using various platforms and tools for reporting purposes. This sometimes led to ambigu- ity in the reported figures. The utility also had per- formance issues in processing large data volumes. SAS Visual Analytics with in-memory technology removes the ambiguity and the performance issues. “We have the autonomy and flexibility to respond to the need for customer insight and data visualization internally,” Noppe says. “After all, fast reporting is an essential requirement for action-oriented depart- ments such as sales and marketing.” Working More Efficiently at a Lower Cost
  • 5. SAS Visual Analytics automates the process of updating information in reports. Instead of building a report that is out of date by the time it is com- pleted, the data are refreshed for all the reports once a week and is available on dashboards. In deploying the solution, Electrabel chose a phased approach, starting with simple reports and moving on to more complex ones. The first report took a few weeks to build, and the rest came quickly. The successes include the following: • Reduction of data preparation from two days to only two hours. • Clear graphic insight into the invoicing and composition of invoices for business-to-busi- ness (B2B) customers. • A workload management report by the op- erational teams. Managers can evaluate team workloads on a weekly or long-term basis and can make adjustments accordingly. “We have significantly improved our effi- ciency and can deliver quality data and reports more frequently, and at a significantly lower cost,” says Noppe. And if the company needs to combine data from multiple sources, the process is equally easy. “Building visual reports, based on these data marts, can be achieved in a few days, or even a few hours.” Noppe says the company plans to continue broadening its insight into the digital behavior of its customers, combining data from Web analytics,
  • 6. e-mail, and social media with data from back-end systems. “Eventually, we want to replace all labor- intensive reporting with SAS Visual Analytics,” he says, adding that the flexibility of SAS Visual Analytics is critical for his department. “This will give us more time to tackle other challenges. We also want to make this tool available on our mobile devices. This will allow our account managers to use up-to-date, insightful, and adaptable reports when visiting cus- tomers. We’ve got a future-oriented reporting plat- form to do all we need.” Questions for Case 3.8 1. Why do you think energy supply companies are among the prime users of information visualiza- tion tools? 2. How did Electrabel use information visualization for the single version of the truth? 3. What were their challenges, the proposed solu- tion, and the obtained results? Source: SAS Customer Story, “Visual Analytics Helps Energy Supplier Make Better Connections.” http://www.sas.com/ en_us/customers/electrabel-be.html (accessed July 2018). Copyright © 2018 SAS Institute Inc., Cary, NC, United States. Reprinted with permission. All rights reserved. Application Case 3.8 (Continued) /
  • 7. Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. / Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. / Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. / Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. /
  • 8. Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. / Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. / Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. / Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. /
  • 9. Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. / Printed by: [email protected] Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted.