What is Data Visualisation, and why should businesses be leveraging it?

Since the beginning of ERP (Enterprise Resource Planning) systems, users have struggled with getting the most relevant information out of their systems.  Most systems are great at capturing business processes; however, they fall short of delivering the all-encompassing reporting needs at top-level management or executive level within a company.

Data visualisation helps businesses and their employees gain insight into their large quantities of data.  This is done by displaying data in a more digestible format such as a graph, a chart, a table or a diagram.  This allows users to recognise new patterns, look out for upcoming red flags and in turn this helps the business to better progress.

As a leader in the cloud ERP market, NetSuite is the ideal platform to take advantage of the enhanced strategic reporting capabilities offered up by Data Visualisation solutions.  Here are 5 reasons why you should leverage data visualisation in your business:

 

1. Leaders can make strategic decisions quickly
   Enhanced Data Visualisation allows Management and Executives to quickly pinpoint problems or trends with multiple types of visuals in a single view.  Going beyond generic reporting capabilities, executives can quickly gain a high level understanding of complex information allowing for improved strategic decision-making.
2. Better analysis improves stakeholder input
   Data visualisation allows stakeholders to analyse a lot more information in a shorter time frame.  This allows them to make important decisions on which products or services to focus on and the general direction of the company.
3. Combine data from external sources to increase visibility across the organisation
   Data Visualisation solutions can facilitate the consolidation of information across multiple systems (ERP, CRM and Warehouse Management Software etc).  This can be done in a single visual, without having to go down a complicated integration path.  This will give your team a better understanding of the bigger picture of what’s going on in your business.
4. Trends can be quickly identified dynamically
   One of the key advantages of Data Visualisation is that you can do an in-depth exploration of your data in a couple of clicks.  This can both improve and speed up your decision-making process.
5. A picture is worth a thousand words
   Studies show that information which is displayed visually is much more memorable, recognisable and easy to understand.  Most ERP systems are limited in the visuals their reporting tools can provide.  NetSuites’ data visualisation solutions provide anything from basic visuals like pie charts to more sophisticated bubble charts, heatmaps and scorecards.

 

Request a free consultation with an Enterprise Resource Planning specialist and find out how we can help.