data visualization: unlock the power of data...2017/10/21 · data visualization: unlock the power...
TRANSCRIPT
CONFIDENTIAL ©2017 Energy Services Group
Data Visualization:
Unlock the Power of Data
--ESG Proprietary and Confidential--
Buzzwords galore…
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Time to Gain Insight
BIG DATALarge amounts of data – both structured
and unstructured – that inundates business on a day to day basis
DATA VISUALIZATIONTechnology to display large amounts of data in visual context to identify patterns, trends
BUSINESS INTELLIGENCETechnology driven process - analyzes
data and presents in an actionable format - optimizes business decisions
VISUAL ANALYTICSThe science of analytical reasoning via interactive visual interfaces to explore all relevant data for business insights
--ESG Proprietary and Confidential--
Evolution of Data Visualization
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Lotus, Excel
Access, xBase
Oracle, SQL Server, DB2
Essbase, SAS
Power Pivot, Vertica
Tableau, Power BI, Qlik
Time to Insight
Competitive Advantage
--ESG Proprietary and Confidential--
Information Analysis
Geospatial Analysis
Statistical Analysis
Knowledge DiscoveryInteraction
Perceptual & Cognitive
Science
Visual Analytics
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Data Visualization
Interaction
Information Analysis
Knowledge Discovery
ActionableInsights
--ESG Proprietary and Confidential 5
“ The greatest value of a picture is when it forces us to
notice what we never expected to
see.”- John W. Tukey
What Does This Mean for our Industry?
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Time to Gain Insight
Retailers challenged to predict the future
Solar & Wind
--ESG Proprietary and Confidential--
We’re inundated with data….
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…that needs to be extracted, cleansed, organized, interpreted, analyzed, presented to gain insight
--ESG Proprietary and Confidential--
How many of us are guilty of this?
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“The temptation to form premature theories upon
insufficient data is the bane
of our profession.” – Sherlock Holmes
--ESG Proprietary and Confidential--
But what if we had this?
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Power& GasGas & Power
XYZ SolutionsXYZ EnergyABC Power
ABC Gas
Power& GasGas & Power
XYZ Solutions
Power & GasGas & Power
XYZ SolutionsXYZ EnergyXYZ ElectricABC Power
ABC GasABC EnergyABC Electric
--ESG Proprietary and Confidential--
Data visualization gives us insight….
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--ESG Proprietary and Confidential--
Visual cues and rapid discovery
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--ESG Proprietary and Confidential--
Real Life Example….
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Power & Gas
Gas & Power
XYZ Solutions
XYZ Energy
ABC Power
--ESG Proprietary and Confidential--
Drill down to gain insight
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Power & GasGas & Power
XYZ SolutionsXYZ EnergyABC Power
--ESG Proprietary and Confidential--
Knowledge and understanding
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--ESG Proprietary and Confidential--
Benefits of using visual analytics
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• Unleash our innate ability to recognize visual patterns
• See the questions we don’t even know to ask
• Rapidly gain valuable insights
• Optimize business opportunities and unlock new ones
• Identify issues with actionable results
Future of Visualization
17--ESG Proprietary and Confidential--
--ESG Proprietary and Confidential--
Experts predict by 2020-2021:
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Source Prediction
Gartner
• Companies using smart data discovery will grow at twice the rate of thosethat don’t use it
• 90% of platforms will have Natural-language (NLP) and artificial intelligence• 50% of analytic queries will be auto-generated or via search or NLP• Hadoop/Spark, search and visual-based capabilities converge into single set
of next-generation data discovery capabilities
Info Management• Cloud deployments prevail as data continues to grow exponentially• Self service access to data & analytics key in ways not yet imagined
Harvard Business School
• Hottest growing field for PhD students in North America today – trend will continue
Bureau LaborStatistics
• # of roles with this skill set to grow by 30% over next 7 years
19ESG– Confidential
Questions ?
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"Data is the sword of the 21st century, those who wield it well, the Samurai."
-Jonathan Rosenberg, former SVP of products at Google