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15 tips on how to get more from Business Intelligence data

Peter Hopwood | July 6, 2012
IT industry is awash with talk of Big Data and in-memory engines.

IT industry is awash with talk of Big Data and in-memory engines. I believe we should be putting our effort into producing simple and useful data that is presented in a format that helps people communicate and make quality decisions.

Companies have invested heavily in Business Intelligence systems for many years (Gartner Research Reports BI Market Revenue Hit $12.2bn £7.83bn in 2011), to aid decision making, but do they really get value from the information they collect and present?

Typical Data Presentation

There are commonly three key trends in the creation of BI reports:

1 - Manual comparison

Many management packs' have pages of tables of numbers that require readers to manually compare one month, region, or product with another to try to identify trends, patterns or outliers. This is both time-consuming and hard work.

2 - Confusing charts

Where charts are used (usually pie or doughnut) the eye is naturally poor at comparing areas and angles, so the reader usually struggles to make proper comparisons and must refer to the legend.

3 - Over-complex presentation

Some report or presentation creators use the latest flashy 3D dials and animated components. These may look impressive but often merely prove a distraction and rarely enhance communication.

The end result is reports that make life hard for those that need to make insightful decisions; consequently information is either ignored or takes too much time to interpret.

Most of the BI tools we use today tempt us into making one of these three mistakes described above.

A measured approach

To find the best way to present data, you need to understand what crucial information needs to be presented and how it can be used:

- Define what metrics will help you manage my team or role better

- Decide what is the most important metric, or the one the makes the most impact

- Establish which metrics you can improve on

Once you know what the crucial numbers are, you need to determine how they can be used:

- Decide whether it is the trend or the precise value that's important

- Establish whether you need see the variance against a comparison or a target

- Categorised, grouped or aggregated the data to provide the best overview

Once you have a clear understanding of how the data could be used, you're in the ideal position to actively design and present the chosen metrics in the simplest and clearest way possible.

Simply the best

- Simple line and bar charts are often the most effective way to show most types of management information

- Line charts are better for looking at trends over time

 

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