Most businesses today have to deal with a huge amount of
data. If they don’t know how to present it in a meaningful way, those valuable
data becomes useless. Therefore, more and more Business Intelligence tools have
been developed to meet businesses’ need. Those tools help business’
owner/executive to understand data in visual way with charts, graphs, figures,
etc. From understanding their own business’ performance, the owner/executive
can make strategic decisions for the company.
This blog will discuss how businesses in order management,
accounting and insurance area should present their data.
1. Accounting
Recommendation for optimal method of presentation of set of Expense
and Revenue data:
-Those data should be put together in a chart type. Business
owners need to know both data at the same time because it would not make sense
if they only know one or the others. Then, the graph should present profit and
loss by calculate expense and revenue. This step will make the data become more
meaningful. It will help the owners know how their business is doing.
Provide Illustration of the method
2. Human Resource
Management
Recommendation for optimal method of presentation of some
set of data
-HR department has to deal with data about their own
employees such as salary, PTO, working hours per day/week/month, etc. Then from
those data, they calculate the efficient of each employees and how those
employees contributed to company’s revenue as whole.
-In a set of PTO data, a company can show PTO of all employees
in a line chart to have an overview. Then, they can use dashboard to show each
individual or by department. This method will help HR to have an overview of
the entire company as well as each employees, so that managers/executive can
balance the workflow as well as know employees’ stress level (maybe)
Provide Illustration of the methods
3. Insurance
Recommendation for optimal method of presentation of some
set of data
-Insurance companies often deal with data about how much
customer payment and how much customer claim. Those data should be presented
together in one graph to show the comparison. This visual graph will help
insurance companies define if they are doing well or not
-Another set of data is how satisfied their customers are
comparing to different type of insurance. It can be presented in a stack graph.
So insurance companies can determine which products are doing well and which
products need to be improved in customer services, for example.
Provide Illustration of the methods
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