Favorite charts for business analytics

I was asked by Donald Farmer of Qlik about my favorite charts.  Donald is leading a keynote panel on data visualization at Qlik’s World Conference with myself, Alberto Cairo and Kaiser Fung. While I can’t say that I have a favorite chart, I can definitely state that I often rely heavily on three chart types for much of … Read more

Great vs good analysts, software obsessions and informing executives

Charts and graphs to inform Are your charts and graphs actually informing people? Can I actually make a decision from your presentation? If not, why should I or the executives care? Cool software, but what about the business? It’s easier to obsess over the complex but oh so cool software features than to truly understand … Read more

Honesty, the first principle of good analytics

 

ph-design-evolution-eichler-rams
Photo from Braun.com

Meet Dieter Rams – Industrial Designer

Dieter Rams is a German industrial designer most closely associated with the minimalist designs of the consumer brand Braun. Dieter was head of design at Braun for over 30 years, where he became famous for creating an austere aesthetic while focusing on user-friendliness. His philosophy is summed up in his saying, “Weniger, aber besser.” which translates into “Less, but better.” He has won many awards through the years including the World Design Medal and the Ikea Prize.

Dieter’s impact reaches beyond his retirement as he is now impacting design in the 21st century, with a company widely considered a leader in technology design, Apple, acknowledging a debt to Dieter as inspiration for many of their design decisions. The Head of Design at Apple wrote, “Rams’s work is beyond improvement… Rams’s ability to bring form to a product so that it clearly, concisely and immediately communicates its meaning is remarkable.”

Braun-Apple-Link
From Braun, “90 years of history”

 

 

Ten principles of good design

As a prolific designer, Dieter formulated ten principles of good design. In this series of articles, I will adapt several of these principles for guidance in creating good analytics. I have selected the sixth principle of good design as the one I consider most important for good analytics.

 

The sixth principle of good design

6. Is honest – It does not make a product appear more innovative, powerful or valuable than it really is. It does not attempt to manipulate the consumer with promises that cannot be kept.

 

Freakalytics_princples_good_analytics_1_003_smallThe first principle of good analytics

Read more

Build a Basic Dashboard in Tableau 8
Excerpt from Rapid Graphs with Tableau 8

Freakalytics_Dashboard_Tableau_8_BasicAppendix #2—Build a Basic Dashboard

We’ve taught entire courses on how to design and build dashboards in Tableau over multiple days, so the topic can be quite complex. In this section, you will learn the basic functionality so you can get started. For more advanced dashboards, visit www.Freakalytics.com/examples.

Dashboard Audience
VP of Sales at a cheese maker that sells to the public and to gourmet retailers

Overall Objective of Dashboard
Sales updates for monthly review by Sales Vice President (VP)

The Sales VP has four questions:
1. What are sales by state?
2. What were sales by customer contact method in 2013 compared to 2012?
3. What are the actual sales by item versus the target sales?
4. What are the actual sales by customer contact method versus the target sales?

Download the Cheese Factory sales data packaged workbook from www.Freakalytics.com/rgts8d

Included in the workbook:
Data source contains two years of sales data for 2012 and 2013.
Four worksheets with views answering the four questions above.
The final dashboard is illustrated at the end of this appendix.

Build the dashboard
Open the workbook, and in any one of the worksheets, on the main menu, select Dashboard → New dashboard. In the Dashboard pane on the left side, double-click on each of the four worksheets in the numbered order. Also in the Dashboard pane, in the Dashboard Size section at the bottom, change Desktop to Automatic so the 4 views fit within the workspace. The worksheets are arranged in the order added and the legends for Q1 and Q2 are on the right.

Adjust containers

Dashboards are comprised of containers that contain the views, legends and filters and are outlined by solid lines when you click on them. First, move the legends to the left side of the dashboard.

Read more

PowerTrip Analytics™ 2014
Candid Quadrants™
Based on three-year visual analytics cost estimates

Detailed cost comparisons across all seven visual analytics offerings at PowerTrip Analytics™ pricing review tables. Read individual product details, highlights and examples: Microstrategy Analytics Desktop, SAP Lumira, Tibco Spotfire, Microsoft Power BI, Tableau Desktop, QlikView, and SAS Visual Analytics.

Download data to predict gender using first name (US data)

Do you have data with just first names or even just first initials but no information on the person’s gender/sex? If you would like better insights on your customers, based on whether they are likely male or female, then this data download is a great way to maximize your ROI! Download it today and begin … Read more

Accidental Analysts®: What are they doing with my data?

Eileen McDaniel, Ph.D. and Stephen McDaniel This article was originally published in late 2013 in The Data Warehouse Institute FlashPoint Newsletter Earlier this year, we presented this topic in a talk to an independent group of data professionals. When we noticed it was mistakenly promoted as “Accidental Analysts: What are they doing TO my data?”, … Read more

Top 5 Stories Worth Reading in Data, Data Warehousing, Analytics & BI

February 23rd, 2014
Stephen McDaniel
Chief Data Officer Advisor at Freakalytics, LLC

Finding it hard to make time to keep up with the rapidly changing world of data, data warehousing, analytics, data science, business intelligence and visual analytics? We understand! Each week, I read through hundreds of stories in this space and share the five (okay, this week I couldn’t stop and chose six) most worthwhile articles with you. Each article includes a summary and link to the full story. Please note that inclusion of an article does not indicate that I agree with every point in the article, but I at least find it thought-provoking and useful for informed debate.

 

 

Recruit Better Data Analysts

In the big data talent wars, most companies feel they’re losing. Marketing leaders are finding it difficult to acquire the right analytical talent. In the latest CMO Survey, only 3.4% senior marketers believe they have the right talent. Business-to-business companies have a bigger gap than business-to-consumer companies, as do companies with a lower percentage of their sales coming from the internet.  And yet analytic skill is a must for effective marketing.

Results indicate that companies with above-average marketing analytics talent experienced significantly greater rates of marketing return on investment (MROI) than companies with below average analytics talent…

 

Big Data doesn’t lie. Or does it?

If you’ve seen any indication that humans are getting smarter and more sophisticated, please inform me, and you don’t have to read what follows. For everyone else, who sees no lack of stupidity and misinformation in both business and public life, read on about the joys big data will bring.

The insights offered by analysis of big data are only as good as the human beings that create the data, gather and assemble it, decide what questions should be asked and how the data is presented. And interpreted, especially that.

I am very concerned that big data, misapplied and misunderstood, will create big lies. Or more likely a combination of lies and truths that prove very difficult to sort out.

 

What is Data Mining?

One way businesses can turn the information into something useful is through data mining. Data mining is a process used to analyze raw information to try and find useful patterns and trends in it.

“Data mining applications help users discover correlations and connections within large data sets,” Software Advice writes on its website. “These might have gone unnoticed without these algorithms.”

 

Scientific dashboard with periodic table of elements
Includes history, photos, great filters, discoverers and more

There is nothing we love more than sharing great examples of what is possible with visual analytics and dashboards. It’s one of the best ways to inspire new analysts and expand people’s horizons of the nearly infinite number of ways that visual analytics tools like Tibco Spotfire can be used.

Read more

Top News – Analysis & Commentary
Data, Data Warehousing, Analytics & BI

Five Business Intelligence Predictions
from Paxata for 2014

January 26th, 2014
Stephen McDaniel
Chief Data Officer Advisor at Freakalytics, LLC

Paxata logo blue 201401Finding it hard to make time to keep up with the rapidly changing world of data, data warehousing, analytics, data science, business intelligence and visual analytics? We understand! Here’s a top new story worth reading and that we considered noteworthy enough to add commentary and analysis by Freakalytics (in purple).  A summary of the article and excerpts that I comment on are in black.

In this commentary and analysis, we cover the growth of Tableau and QlikView, the opportunities that exist for Microsoft to disrupt the second-generation business intelligence market and how self-service data integration will likely make data scientists & data enthusiasts much more productive- enabling wide swathes of Accidental Analysts to quickly answer tactical business questions.

Five Business Intelligence Predictions For 2014 (from the CEO of Paxata)
Summary
The dust is finally beginning to clear from the big data explosion, which is a good thing. One of the problems with big data is that it’s been led by technology, not business requirements. And business requirements will be the focus in the 2014 business intelligence (BI) ecosphere—to enable enterprises to achieve results with data mining and analytics and to prove those results.

Stephen
I found this article a fascinating glimpse into the strategic thoughts of a CEO of a promising, second-generation, cloud-based data integration company- Paxata.

Read more