Over the next few weeks, our blog posts will feature insights from our latest e-book, “Best Practices for Visual Analytics: A Guide for NetSuite Users, Leaders, and Administrators.” This post about NetSuite visual analytics is the first post in the series.
Your company uses NetSuite, so it has all this data. Heaps of information. But how do you turn it into actionable insights?
You need a way to make sense of the data and make it accessible to everyone. You need a solution that allows employees to quickly spot trends that get buried in rows of numbers on a spreadsheet.
You need a visual strategy. Consider the benefits:
Data Is More Useful to All Personnel
With visual analytics, you unlock the treasure trove of your company’s NetSuite data and make it accessible to all personnel. And you dramatically reduce the time it takes to sift through data and prepare reports. Employees can view and interact with the data in the way that’s most meaningful and relevant to them.
Employees Can More Easily Explore Data and Discover Insights
We’re visual creatures, and viewing data visually is much more intuitive than trying to pick relevant information out of a complicated spreadsheet. Which makes more sense to you?
The visual option is easier to grasp at a glance.
Let’s say you’re trying to determine which products are most popular with your customers. You have a spreadsheet that lists all orders for the past month. Spotting the bestseller isn’t very easy, but when you put that information into a chart, the answer becomes clear.
With the right visual analytics solution, you and your employees can gather all of the data that’s relevant to you into an interactive dashboard. And the more you interact with the data, the greater the likelihood of developing fresh insights.
Insights Can Be Quickly Distributed and Clearly Communicated
You’ve made the data accessible and employees have gotten into the habit of exploring the data in their personalized dashboards each day. They can also share their insights through data visualizations. This practice is called “storytelling with data,” and it provides context for those insights. Best of all, the visualizations can be created and shared within minutes, which allows new ideas to spread quickly throughout the company.
Employees Can Cut Through Complexity for Effective Decision-Making
Companies without a visual strategy often find that knowledge about a particular data set is limited to just a few employees—the finance team understands revenues and expenditures, the sales team understands the sales numbers, and so on. Using visualizations to show the numbers helps simplify complex concepts so that everyone can understand can understand how each department is functioning. And that paves the way for more effective decision-making at all levels.
To learn more about how a visual strategy can help your company extract more value from NetSuite, download our latest e-book, “Best Practices for Visual Analytics: A Guide for NetSuite Users, Leaders, and Administrators.” And check back in here over the coming weeks for more useful tips on visual analytics and data visualization.