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February 12, 2019
6 reasons why data visualisation is useful for business
Francesca Brady

As many modern companies routinely collect all kinds of information in a digital format, finding efficient ways to organise and share data is more important than ever before. Data visualisation provides so many tangible benefits, that it’s becoming more difficult to ignore its numerous business applications, especially when companies like Asset Mapping are capable of delivering real time asset visibility in an accessible format.

Some of the most important benefits of data visualisation are summarised below:


Time

One of the most obvious advantages of showing instead of telling is the shortened time needed to understand large amounts of data and make accurate conclusions. One glance at a visual map can sometimes reveal more than hours spent sifting through endless tables, leaving more time for strategic considerations and discussion.


Clarity

People who are not professional data crunchers are more likely to quickly understand the meaning of numbers when the figures are shown in an easy to digest format. Managers in particular can benefit greatly, since simplified visualisation enables them to have a quick and easy overview of their teams environment and business assets.

Visual communication also simplifies remote collaboration between linguistically diverse teams.

Training

Visual tools can be useful for getting engineers up to speed with equipment history. Visual perception allows for a faster and more detailed access of historical data, often contributing to a faster diagnosis of equipment issues and repairs.

Trend tracking

The value of data visualisation can be even greater when there is a need to capture development of trends over time. A rising red line on the graph is not hard to spot, but the trick is in choosing the right graph to look at...


Emergency reactions

Displaying real time data in a graphical format facilitates faster visibility of technical problems or critical shortages, increasing the chance for a timely reaction.

Smart systems can be customised to send alerts when predefined thresholds for key parameters are reached.


Cost

The real time visualisation of equipment allows you to react faster to problems and potentially reduce the number of re-active engineer site visits required.  Historical data can be utilised to help increase the life of your assets.


To take full advantage of your data and improve the technological readiness of your company, contact our experienced team today and find out more about the practical applications of visual mapping.

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