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Visual Analytics

visual analyticsEven after implementing a data analytics function, many internal audit departments struggle to provide larger insights to business executives. The results are too often esoteric, narrow or complex. Because of this challenge, investments in data analytics technology can fail to deliver a sufficient return on investment.

This fundamental problem has led to the meteoric rise in the use of visual analytics and dashboarding tools.  Visual analytics is not simply depicting data in graphs and charts.  Visual analytics is a method of interactive data exploration, allowing you to see the results of the analytics, and then further explore and analyze the reasons behind the results.  Visual analytics is a means for understanding data, enabling you to leverage data to come to informed conclusions. 

Our Visual Analytics Services

Focal Point specializes in helping companies integrate and build customized dashboards in Tableau, the industry standard in visual analytics. Focal Point will assist clients by presenting them with a diverse range of solutions, services and analytics to help them gain a better understanding of their data – visually. Focal Point helps organizations go beyond spreadsheets, organizing and displaying data in a way that adds real and significant value to internal audit.

Focal Point has data analytics experts and dashboard designers that work specifically with Tableau. These experts are experienced in assisting with integration, configuration and deployment of Tableau. Focal Point can assist in an outsourcing or co-sourcing capacity.

Benefits of Visual Analytics

Using tools such as Tableau for visual analytics can have far-reaching positive impacts on your organization.  As it becomes the standard interface through which internal audit and executives interact with data, its potential only grows.

  • Meaningful exploration.  When executives and other employees are given self-service access to the visual analytics, they are able to answer many of their own questions without the direct involvement of the analytics team.
  • Cost savings.  Aside from the opportunity to more easily identify fraud, waste and abuse, visual analytics can reduce the burden of reporting for your data analytics staff.  Generating reports requires substantially less effort and the opportunity to explore the data minimizes follow-up report requests.
  • Efficient analysis.  Visual analytics can take many traditional reports and display them side-by-side for comparison and analysis or combine data for visual representations of correlations.  Performed manually, these processes can take far longer and still not deliver the intended results.  Furthermore, advanced visual analytics gives users the opportunity for near real-time analysis, empowering executives to make the right decisions quickly.
  • Value to executives.  Visual analytics gives executives and auditors a powerful tool to ensure that the data being gathered and analyzed delivers strategic and significant value for the organization.

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