Why visualisation is important for finance
Finance teams can use complex statistical methods to provide business-critical insights, but they will have no impact if the end-users cannot understand them. Learn more about how to ensure your visualisations are effective.Visualisation is simply the presentation of data in a clear and concise format, helping users to easily understand key messages. It is not a new concept, scientists have been using visualisations to help communicate their findings for more than 100 years. However, in this new digital era, the human attention is estimated to span just eight seconds, so there is a pressing need to find engaging and simple ways to present data.
This is particularly important for finance teams looking grasp the opportunities offered by advanced analytical techniques to drill deep into big data and provide strategic business insights. Effective visualisation is critical in ensuring that the rest of the organisation can understand this information and take action accordingly.