Future of Visual Analytics

Post on 29-Oct-2014

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Business Analytics is all about - analyzing data, discovering insights and influencing change. Provide answers to Ws: What Happened, When it Happened, Where is happened, Why it Happened? help decisions and drive change. Analytics has been with us for centuries and played a critical role all along. In today's big & complex industrial world, analytics has continued to play a critical role but sadly the current state of the business analytics approach is broken. For the last 25 years, the software technology and tools in the analytics category has produced "slice and dice ninjas" who interact with data but mostly without the right context. This approach produces insights and visualization that can not be understood very well. These solutions are complex, cost-prohibitive, slow and most often fail to deliver to the promises . Visual Analytics came to forefront to address the challenge of traditional business analytics. Visual Analytics is defined as "analytical reasoning aided by visual interfaces". The primary premise for this approach is that "visualization is not an afterthought". This industry has risen very fast in the past few years. In this presentation, I discuss the issues faced by this nascent offshoot of Business Analytics and what does future hold for this category.

transcript

Past, Present and Future of Visual Analytics

Jitender Aswani

decisions answers change

influence

March on Moscow by Charles Minard

London Cholera Map

War Mortality by Florence Nightingale

big, critical & increasingly complex

broken

data approach

PCN  

Enterprise  >1B  

Upper  Mid-­‐Market  >500M  

SME  

Direct Indirect

Direct:  78M 4%    LE:  1.9M        3%    

SME:  6.1M 1%  

Total License Revenue: 97.3M

   

10%  

   

Indirect:  17.3M 2%

VAR : 4.9M 1% OEM: 9.2M 1% GA : 3.2M 7%

 

LE:  SME  86:14  69:31  40:60  

LE:  SME  87:13  

Direct:  Indirect  38:68  

?

visualization approach

?

~5-10% business users

~85-90% IT

~5% data analyst

consumers producers

reports and dashboards: not enough

immediacy speed simplicity

self-reliance

rise of visual analytics

Image courtesy of stuckincustoms.smugmug.com/Burning-Man-Page

“analytical reasoning facilitated by visual interfaces”

Source: Tableau: Tale of 100 Entrepreneurs

visualization is not an afterthought

“We are at the forefront of an evolutionary market that is fraught with opportunity for innovative tools and solutions that can help users handle the information overload plaguing every major organization around the globe.”

Source: : IDC Market Analysis, Worldwide Interactive Data Visualization Tools Forecast, Emphasis added

… the fastest growing segment with 38% and 33% growth rates in ’11 and ’12…

Source: Emerging Technology Analysis: Visualization-Based Data Discovery Tools, Gartner, June 17, 2011.

speed immediacy

simplicity cost

joy

Source: Lavastorm Analytics

falling short

acknowledgement Source: Tableau

ü  access to data

ü  know data models

ü merge data

ü  understand measures

and dimensions

ü  get the right context

future

ü  public + private + social data

ü more semantic enrichment

ü more viz types

ü mobile and cloud authoring

ü  predictive

ü more collaboration

weather

SF giants

movies near me

walmart

lincoln

search based visualization

get answers to all your business questions

business questions big data

discover more no training

in-memory

machine learning

graph structures

NLP

technology

Image courtesy of confederate.com

future is incredible!

Image courtesy of stuckincustoms.smugmug.com/Burning-Man-Page