Skip to main content
Home
The Online Resource for Modern FP&A Professionals
Please register to receive the latest FP&A news, updates and tips Login

Main menu

  • Home
  • FP&A Insights
    • FP&A Trends Digest
    • FP&A Trends Research
    • FP&A Trends Insight Paper
    • FP&A Trends Survey
    • Short Videos
    • Our Contributors
  • FP&A Events
    • International FP&A Board
    • FP&A Trends Webinars
    • Digital FP&A Circles
  • AI/ML Committee
    • Introduction
    • Members
    • Resources
    • Meetings
  • FP&A Tools
    • FP&A Trends Maturity Model
  • About Us
    • Company Policy
    • Privacy Policy
    • Editorial Guidelines
    • Our Ambassadors
    • Our Sponsors & Partners
    • Contact Us
image
A Good Sketch is Better Than a Long Speech – 5 Benefits of Data Visualisation Tools
September 19, 2017

By Ian Yates,  Managing Director at Barcanet

FP&A Tags
Financial Planning and Analysis
Data Visualisation
FP&A Storytelling

“A good sketch is better than a long speech…” a quote often attributed to Napoleon Bonaparte.

Companies are collecting, organising, storing, and analysing data from hundreds of sources, and the volume is increasing exponentially. But this data is only relevant if it can be used to drive outcomes and make timely business decisions. So it is essential to you can understand and evaluate the data quickly, and this is where data visualisation comes in.

The concept of using pictures to understand difficult data dates back to the invention of the pie chart in the early 1800s. Because of the way the human brain processes information, using a visual representation of data is much easier than trying to make sense of long lists of numbers in a spreadsheet. 

With modern computer technology, data visualisation is becoming easier. “Data visualisation is going to change the way our analysts work with data,” Head of Customer Value Modelling for a UK bank, “They’re going to be expected to respond to issues more rapidly. And they’ll need to be able to dig for more insights – look at data differently, more imaginatively. Data visualisation will promote that creative data exploration.”

Visualisation tools in data analytics help your decision makers understand and interpret huge amounts of data, gaining useful insights that directly impact on business direction and strategy. Businesses can respond dynamically to changing market conditions and plan accordingly.

By utilising an advanced analytics system, the constant supply of data coming into your business is presented as easy-to-read visuals, either in graphical or pictorial format. This allows your team members to identify trends and patterns, which will influence and improve the decision-making process. 

The top 5 benefits of data visualisation are:

  • Efficiency – allow vast quantities of data to be absorbed quickly
  • Insight – generate more understanding into the nature of the data – far better than numbers and tables
  • Alignment – help create shared understanding of the position and actions required
  • Accuracy – simply determine if data is complete and valid
  • Speed – 28% more likely to find timely information than traditional reporting methods

So, how are visual representations of data going to affect your decision-making processes?

The full text is available for registered users. Please register to view the rest of the article.
  • Log In
  • or
  • Register

Related articles

Data Visualisation for FP&A: Is It a Game Changer?
February 11, 2016

They say a picture is worth a thousand words… “Telling the story” is one of the...

Read more
FP&A Data Visualisation: Does Your Graph Actually WORK?
October 7, 2017

When the graph is the right way to present your FP&A information, several important questions should...

Read more
+

Subscribe to
FP&A Trends Digest

We will regularly update you on the latest trends and developments in FP&A. Take the opportunity to have articles written by finance thought leaders delivered directly to your inbox; watch compelling webinars; connect with like-minded professionals; and become a part of our global community.

Create new account

image

Event Calendar

Pagination

  • Previous
  • May 2025
  • Next
Su Mo Tu We Th Fr Sa
27
28
29
30
1
2
3
 
 
 
 
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Transforming FP&A Together: Human & AI Synergy
 
18
19
20
21
22
23
24
Moving from FP&A to Extended Planning and Analysis (xP&A)
 
Five Critical Roles for Building a World-Class FP&A Team
 
25
26
27
28
29
30
31
FP&A Business Partnering and AI: A New Era
 
All events for the year

Future Meetings

The Face-to-Face Amsterdam FP&A Board
The Face-to-Face Amsterdam FP&A Board Transforming FP&A Together: Human & AI Synergy

May 15, 2025

The Face-to-Face Milan FP&A Board
The Face-to-Face Milan FP&A Board Moving from FP&A to Extended Planning and Analysis (xP&A)

May 20, 2025

The Face-to-Face Frankfurt FP&A Board
The Face-to-Face Frankfurt FP&A Board Five Critical Roles for Building a World-Class FP&A Team

May 22, 2025

BPAI
The FP&A Trends Webinar FP&A Business Partnering and AI: A New Era

May 28, 2025

The Face-to-Face London FP&A Board: Data Management & Analytics: Unlocking FP&A Value
The Face-to-Face London FP&A Board Mastering Data in FP&A: Smarter Analytics, Better Decisions

June 5, 2025

FP&A Trends Webinar The Evolving Role of FP&A: From Number Cruncher to Strategic Advisor
The FP&A Trends Webinar Making FP&A Teams Fit for the Future

June 11, 2025

The Face-to-Face New York FP&A Board
The Face-to-Face New York FP&A Board From Insight to Impact: FP&A Business Partnering in Action

June 17, 2025

The Face-to-Face Sydney FP&A Board
The Face-to-Face Sydney FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments

June 26, 2025

The Face-to-Face Singapore FP&A Board: Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments
The Face-to-Face Singapore FP&A Board Modern Financial Planning and Analysis (FP&A): Latest Trends and Developments

July 8, 2025

AI/ML FP&A
AI/ML FP&A
Data and Analytics
Data & Analytics
FP&A Case Studies
FP&A Case Studies
FP&A Research
FP&A Research
General
General
Integrated FP&A
Integrated FP&A
People and Culture
People and Culture
Process
Process
Technology
Technology

Please register to receive the latest FP&A news, updates and tips.

info@fpa-trends.com​

              

Foot menu

  • FP&A Insights
  • FP&A Board
  • FP&A Videos

Footer countries

  • Amsterdam
  • Austin
  • Boston
  • Brisbane
  • Brussels
  • Chicago
  • Copenhagen
  • Dubai
  • Frankfurt
  • Geneva
  • Helsinki
  • Hong Kong
  • Houston
  • Kuala Lumpur
  • London Board
  • London (Circle)
  • Melbourne
  • Miami
  • Milan
  • Munich
  • New York
  • Paris
  • Perth
  • Riyadh
  • San Francisco
  • Seattle
  • Shanghai
  • Singapore
  • Stockholm
  • Sydney
  • Tokyo
  • Toronto
  • Washington D.C.
  • Zurich

Copyright © 2025 fpa-trends.com. All rights reserved.

0