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Featured Articles
Box & Strip Plots with R
By: Steve Millier
I recently completed an analysis on a time series data set of the daily number of live births in Quebec from 1977 through 1991, using the R Project for Statistical Computing software. The 5,113 observations were a lot for the standard time-series graphics I usually use as a prelude to forecasting exercises.
By: Lyndsay Wise
There are different definitions of big data depending on its application and the vendors that provide support for its use. Research group Gartner Inc.’s definition of big data includes a vendor’s ability to provide support for data volumes, variety, and velocity to facilitate an organization’s effective management of large data sets that require complex processing.
By: Dashboard Insight
Before diving into an explanation of dashboards, it is important to have a fundamental understanding of business intelligence (BI). To be sure, there are many definitions, but Dashboard Insight defines it as: Turning data into knowledge to support informed decision making.
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Digital dashboards may be laid out to track the flows inherent in the business processes that they monitor. Graphically, users may see the high-level processes and then drill down into low level data. This level of detail is often buried deep within the corporate enterprise and otherwise unavailable to the senior executives.
Three main types of digital dashboard dominate the market today: stand alone software applications, web-browser based applications, and desktop applications also known as desktop widgets. The last are driven by a widget engine.
Specialized dashboards may track all corporate functions. Examples include human resources, recruiting, sales, operations, security, information technology, project management, customer relationship management and many more departmental dashboards.
Digital dashboard projects involve business units as the driver and the information technology department as the enabler. The success of digital dashboard projects often depends on the metrics that were chosen for monitoring. Key performance indicators, balanced scorecards, and sales performance figures are some of the content appropriate on business dashboards.
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