Data Visualization Software and KPI For Human Resources

For business analysts focused on talent acquisition, data visualization is an important tool that provides a quick and easy way of presenting valuable information. For everybody else, it’s a better way of understanding data. It makes looking at reports easier with visually stimulating images. Slight adjustments to such images can even render different concepts and scenarios – perfect for business intelligence and analyzing trends in human resources.

In general, data visualization helps business analysts to present sales volume forecast, understand product placements, determine factors that affect consumer behavior, and identify areas of improvement. Given these capabilities, what can it do to improve KPI reports and dashboards especially for the human resources industry or departments in organizations and companies? More importantly, what is the role of data visualization softwarein the increasing trend of using KPI dashboards for human resources? Let’s find out.

What is Data Visualization?

Data visualization communicates information efficiently and clearly using information graphics, plots, and statistical charts. Bars, lines, or dots represent quantitative messages and numerical data. The human brain is wired to process information more easily by looking at what the eyes can see. The use of images, graphs, and charts therefore, requires no effort when visualizing large quantities of complex information as compared to analyzing reports and spreadsheets.

Because of this observation, data visualization is considered one of the modern versions of visual communication, the study and creation of visual data representation. According to Michael Friendly, a renowned pioneer in information and data visualization, information that uses schematic forms, variables, and attributes, to convey more information is considered a form of communication.

Read more at http://www.infocaptor.com/dashboard/data-visualization-software-and-kpi-metrics-for-human-resources


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Benefit of Dashboard Reporting for Government Operations

Dashboard reporting has never been more important to the government. Considering the humungous streams of data collected through government agencies and programs, the challenge is how to make sense of these data in a way that they will benefit the organization and perhaps save large amounts of money as a result. The use of this type of reporting has been exalted by the US.

In the US

The US administration flaunted the advantages of using dashboards during the presidency of Barack Obama. They said that using a dashboard is an effective way of collating and filtering data so that these data become useful to decision makers. They credited the dashboard for being able to make them see better the implications of data and act on them appropriately.

One example cited by the government is how a dashboard helped them see the status of their investments, particular in pursuing the advance of technology.

The claim from the administration of Obama was that they were able to make better decisions using the data presented by the dashboard. According to them, this led to billions of dollars in savings and cutting delivery time for technological projects.

The US Congress has communicated a positive sentiment on the matter of using a government dashboard for federal decision-making and operations. It expressed interest in increasing the use of transparency tools, such as dashboards, across federal spending programs.

It is expected that more efforts will be exerted towards this goal and the use of dashboards may even be continued to be implemented after Obama relinquishes his office.

Other governments

Read more at http://www.infocaptor.com/dashboard/dashboard-reporting-for-government-and-how-it-can-benefit-government-operations


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Importance of BI tools for Pharmaceutical Industry

The pharmaceutical industry has been focusing much of its energy on producing the next chartbusting drugs.

However, the industry is also facing challenges in terms of the changing regulations, increasing number of declines on drug approvals and the continuing need to develop high value biologics. Refocusing efforts is imperative.

There are existing processes, systems and practices that need to be immediately addressed. Key performance indicators (KPI) using BI tools help corporations identify areas that need continuous development and highlight successes already achieved. This helps pharmaceutical companies grasp their management operations better.

What is KPI?

Simply put, KPI is a measurement of something that is vital in a business’s operations. In the pharmaceutical industry, measurements on drug cost overall trend for a certain drug are examples of KPIs.

What KPIs to Include

Before using dashboard software to view KPIs, it is important that useful KPIs be identified first. Some KPIs are not useful to a certain organization, depending on the operations and the needs of that organization. It is therefore important to have long discussions first before operating a KPI dashboard. Discussions should tackle on:

  • Assessing the organization’s strategies.
  • Determining the business drives that have an impact on the execution of strategies.
  • Identification of long-term and short-term goals.

Determining useful KPIs is one the most important tasks of managers. KPIs based on the organization’s objectives are essential components of an effective and helpful dashboard. What you will see on the dashboard will largely depend on how you specify your KPIs.

Read more at http://www.infocaptor.com/dashboard/dashboard-bi-tools-for-pharmaceutical-industry


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Business Intelligence for the Finance Industry

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Benefits and Use of Analytics for Insurance

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List of Visualizations and Chart Engines

The internet is quickly filling up with wonderful visualizations and this is because of greater awareness that "Visuals are better than spreadsheets" for conveying the story. This couldn't be possible without the innumerable Charting engines made available by the dedication of open source developers. Checkout the wonderful and interesting list of charts and engines that were submitted […]


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List of “Dashboard” Startups and Products

The idea of building a dashboard application has become synonymous to the idea of a developer thinking let us build a "To-do" application. This is evident by the sheer amount of dashboard related applications that developers/founders have submitted to Hacker News over the past several years. The dashboards range from wide spectrum, on one side […]


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Reporting and Dashboard Automation for Marketing

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How to create Teradata Server Dashboard

Teradata delivers better business outcomes through technology-enabled solutions in the areas that matter most � from operational excellence and asset optimization, to customer experience and product innovation, to finance transformation and risk mitigation. It works with leading businesses in over 75 countries worldwide including many of the top performers and best-known brands in telecom, transportation, […]


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