Data is becoming a key asset of today’s world. Most valuable companies claim to be data-driven, decisions are data-based, and our business strategy needs a corresponding data strategy to enable success.
Dashboards can be an incredibly useful tool for organisations, but only if they are presented effectively. All too often, dashboards contain too many colours and patterns – and every dashboard uses these features differently. This makes them harder to understand and compromises their potential.
As organisations get to grips with data and technology, now more than ever, we see the emergence and the importance of FP&A Storytelling. So how can we apply analytics, visualisation and dashboards for better FP&A Storytelling and what are the dos and don’ts of FP&A Storytelling?
“Telling the story” is one of the most important parts of the FP&A role, and data visualisation can help immensely. This makes the FP&A dashboard a very powerful tool, but 80% of dashboards are seldom or never used.
Data storytelling tools like dashboards have been around for a long time, but they have recently experienced a huge surge in popularity.
Data Storytelling is a discipline at the intersection of data analytics, psychology, and design. It allows you to convey data insights in the form of a compelling visual story. This short article explains why we need data storytelling, how to do it, and what we can expect at the end.