Visual Analytics and Data Cleansing in Oracle Fusion Kit (Publication Date: 2024/03)

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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:



  • What analytics or data visualization are used?


  • Key Features:


    • Comprehensive set of 1530 prioritized Visual Analytics requirements.
    • Extensive coverage of 111 Visual Analytics topic scopes.
    • In-depth analysis of 111 Visual Analytics step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 111 Visual Analytics case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Governance Structure, Data Integrations, Contingency Plans, Automated Cleansing, Data Cleansing Data Quality Monitoring, Data Cleansing Data Profiling, Data Risk, Data Governance Framework, Predictive Modeling, Reflective Practice, Visual Analytics, Access Management Policy, Management Buy-in, Performance Analytics, Data Matching, Data Governance, Price Plans, Data Cleansing Benefits, Data Quality Cleansing, Retirement Savings, Data Quality, Data Integration, ISO 22361, Promotional Offers, Data Cleansing Training, Approval Routing, Data Unification, Data Cleansing, Data Cleansing Metrics, Change Capabilities, Active Participation, Data Profiling, Data Duplicates, , ERP Data Conversion, Personality Evaluation, Metadata Values, Data Accuracy, Data Deletion, Clean Tech, IT Governance, Data Normalization, Multi Factor Authentication, Clean Energy, Data Cleansing Tools, Data Standardization, Data Consolidation, Risk Governance, Master Data Management, Clean Lists, Duplicate Detection, Health Goals Setting, Data Cleansing Software, Business Transformation Digital Transformation, Staff Engagement, Data Cleansing Strategies, Data Migration, Middleware Solutions, Systems Review, Real Time Security Monitoring, Funding Resources, Data Mining, Data manipulation, Data Validation, Data Extraction Data Validation, Conversion Rules, Issue Resolution, Spend Analysis, Service Standards, Needs And Wants, Leave of Absence, Data Cleansing Automation, Location Data Usage, Data Cleansing Challenges, Data Accuracy Integrity, Data Cleansing Data Verification, Lead Intelligence, Data Scrubbing, Error Correction, Source To Image, Data Enrichment, Data Privacy Laws, Data Verification, Data Manipulation Data Cleansing, Design Verification, Data Cleansing Audits, Application Development, Data Cleansing Data Quality Standards, Data Cleansing Techniques, Data Retention, Privacy Policy, Search Capabilities, Decision Making Speed, IT Rationalization, Clean Water, Data Centralization, Data Cleansing Data Quality Measurement, Metadata Schema, Performance Test Data, Information Lifecycle Management, Data Cleansing Best Practices, Data Cleansing Processes, Information Technology, Data Cleansing Data Quality Management, Data Security, Agile Planning, Customer Data, Data Cleanse, Data Archiving, Decision Tree, Data Quality Assessment




    Visual Analytics Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    Visual Analytics


    Visual Analytics is the process of using analytics and data visualization techniques to gain insights and make decisions.

    1. Data Profiling: Identifies data quality issues and guides data cleansing efforts.
    2. Standardization: Ensures consistent formatting and structure of data for accurate analysis.
    3. Deduplication: Removes duplicate entries to avoid skewed results and improve efficiency.
    4. Validation Rules: Checks data against set criteria to ensure accuracy and completeness.
    5. Data Enrichment: Enhances existing data with additional information for a more comprehensive view.
    6. Data Governance: Sets guidelines and policies for managing data quality and integrity.
    7. Automated Cleansing: Utilizes algorithms and tools to automatically clean and correct data errors.
    8. Data Quality Dashboards: Provides overview of data quality metrics for monitoring and reporting purposes.
    9. Machine Learning: Uses advanced algorithms to find patterns and anomalies in data for better decision making.
    10. Data Cleansing Workflows: Streamlines the process of identifying, correcting, and validating data.

    CONTROL QUESTION: What analytics or data visualization are used?


    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    In 10 years, Visual Analytics will revolutionize the way businesses and organizations use data to make decisions. With advanced technologies such as artificial intelligence and augmented reality, Visual Analytics will provide a multi-dimensional view of data through interactive and immersive experiences.

    One big hairy audacious goal for Visual Analytics in 2031 is to have a fully automated and customizable platform that can seamlessly integrate data from various sources, analyze complex data sets in real-time, and provide actionable insights through intuitive and visually stunning dashboards.

    This platform will utilize cutting-edge machine learning algorithms to predict trends, patterns, and anomalies, allowing businesses to make data-driven decisions with confidence. It will also incorporate virtual and augmented reality technologies, enabling users to interact with data in a 3D environment, providing a whole new level of understanding and analysis.

    Furthermore, this platform will be accessible to everyone, from small startups to large corporations, with user-friendly interfaces and adaptable features to cater to specific industries and use cases. It will also be highly secure and compliant with data protection laws, giving users peace of mind while handling sensitive information.

    With this Big Hairy Audacious Goal, Visual Analytics will become an indispensable tool for businesses of all sizes, helping them gain a competitive advantage, drive innovation, and enhance decision-making processes.

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    Visual Analytics Case Study/Use Case example - How to use:



    Case Study: Implementing Visual Analytics to Improve Decision Making for Retail Chain

    Synopsis of Client Situation:
    ABC Retail is a multinational chain of retail stores that operates in multiple countries across different continents. The company has been experiencing a decline in sales and profitability in the past few years. The management suspects that the problem lies in their inability to accurately forecast demand and manage their inventory effectively. Therefore, they are looking for a solution that can help them make data-driven decisions to improve their business performance.

    Consulting Methodology:
    As a leading visual analytics consulting firm, we were approached by ABC Retail to help them implement a visual analytics solution. Our consulting team followed a structured methodology to conduct the project, as described below:

    1. Understanding Business Goals: The first step was to identify the specific business goals of ABC Retail. We conducted interviews with key stakeholders, including the management, marketing, and supply chain teams to understand their pain points and objectives.

    2. Data Collection and Preparation: The next step was to gather and clean data from various sources such as Point-of-Sale systems, inventory management systems, customer data, and external data sources like weather forecasts, economic indicators, and competitor information. This process also involved data integration to create a single, comprehensive data repository.

    3. Visual Analytics Tool Selection: Based on the client′s requirements and data volume, our team recommended the selection of a robust visual analytics tool that could handle large datasets and offer interactive, easy-to-use dashboards.

    4. Dashboard Creation: Once the tool was selected, our team designed and developed interactive dashboards that visualize the data in an intuitive and insightful manner. The dashboards consisted of various visualizations, including bar charts, line graphs, choropleth maps, and heat maps, to provide a holistic view of the data.

    5. Training and Implementation: To ensure the successful implementation of the visual analytics solution, our team provided training sessions to internal stakeholders on how to use the dashboards effectively. We also assisted with the integration of the tool within their existing IT infrastructure.

    Deliverables:
    The following deliverables were provided to the client during the project:

    1. Business requirements document
    2. Data collection and preparation report
    3. Visual analytics tool recommendation report
    4. Interactive dashboards with multiple visualizations
    5. Training manuals and training sessions
    6. Implementation support

    Implementation Challenges:
    The implementation of a visual analytics solution for ABC Retail was not without its challenges, some of which are listed below:

    1. Data Integration: The client had data spread across various systems, making it difficult to integrate into a single repository. Our team had to invest considerable time in data cleaning and integration.

    2. Data Volume: With the huge volume of data that ABC Retail generates and captures, a visual analytics tool that could handle large datasets was crucial.

    3. Legacy IT infrastructure: The client′s IT infrastructure was not equipped to handle and run a visual analytics tool. Our team had to work closely with their IT team to ensure a seamless integration.

    Key Performance Indicators (KPIs):
    The success of the project was measured based on the following KPIs:

    1. Sales and profit improvement: We measured the impact of the visual analytics solution by tracking the increase in sales and profitability after its implementation.

    2. Inventory management efficiency: We monitored the stock levels and inventory turnover ratio to assess the accuracy of demand forecasting and inventory management.

    3. User adoption: We measured the number of stakeholders using the dashboards and their ability to make data-driven decisions.

    Management Considerations:
    The successful implementation of a visual analytics solution requires the commitment and support of senior management. In the case of ABC Retail, the management played a crucial role in providing the necessary resources and promoting the use of the dashboards across different departments. Additionally, the training and support provided by our team helped in building confidence and trust in the new system.

    Conclusion:
    The implementation of a visual analytics solution for ABC Retail proved to be a game-changer for their business. The interactive dashboards provided a comprehensive view of their sales, inventory, and customer data, helping them identify patterns, trends, and opportunities for improvement. With improved demand forecasting and efficient inventory management, the client was able to increase sales, optimize their inventory, and improve their profitability. The visual analytics solution also helped the client make data-driven decisions, resulting in better business outcomes.

    Citations:
    1. Chen, H., Chiang, R. H., & Storey, V. C. (2012). Business intelligence and analytics: From big data to big impact. MIS quarterly, 36(4), 1165-1188.
    2. Kim, K. J., & Han, H. J. (2012). The advancement of retailing technology: A review of customer interface evolution and potential for further enhancement. Journal of Retailing and Consumer Services, 19(6), 548-558.
    3. Gartner. (2020). Magic Quadrant for Business Intelligence and Analytics Platforms. Retrieved from https://www.gartner.com/en/documents/3982943
    4. Deloitte. (2020). The power of visual analytics in driving business value. Retrieved from https://www2.deloitte.com/content/dam/insights/us/articles/5220840_deloitte-analytics-visual-analytics/DUP_VisualAnalytics.pdf

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