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Industry Knowledge

What Are the Benefits of Data Visualization?

Published on: 2019-01-15

As the volume of data generated each year grows explosively, enterprises are paying increasing attention to the data produced during decision-making. A large volume of data does not necessarily bring valuable insights to enterprise users; its value can only be realized after it has been analyzed and organized.

At this point, ERP, as a modern data visualization tool, enables enterprise users to perceive data patterns, trends, and correlations in real time.


The following are the benefits of data visualization for enterprises:


Interact with data

Traditional tables, charts, and reports only allow users to view data, but systematic data visualization tools let users interact directly with data. Standardized reports can tell you that sales declined during a certain period, but they will not tell you why. Data visualization tools not only allow you to gain real-time insights into data, but also visually reveal areas of underperformance. Enterprises can view their business strategy from a different angle and take action quickly to improve performance.

Discover connections
Data visualization tools allow end users to see the relationship between operations and performance. The impact of specific activities or tasks on overall performance can also be presented more clearly. Enterprises can analyze historical trends and then compare current performance with historical results and future forecasts.

Users can understand what drives business growth, identify problems that hinder enterprise development, and then improve them.

Refine information from complexity
Data visualization tools allow enterprise users to view, explore, and interpret massive amounts of data. Decision-makers can see relationships among multidimensional datasets and efficiently gain insights from graphical data presentations such as heat maps and bullet charts.

Studies show that compared with enterprises using traditional dashboards and reporting tools, enterprises using data analytics tools can find the information they need more easily.


Discover potential trends
When enterprises use visualization tools to analyze data, they can gather customer information and market trend information and better seize business opportunities. Data visualization tools also enable enterprises to respond proactively to changes in customer behavior and the market environment.


Soonfor F19 Furniture ERP Management System


Value Highlights:
Apply industry-standard processes to standardize management
Quickly customize products and simplify order-taking
Manage outsourced component matching and sales bundle combinations to improve production and sales efficiency
Fast sample cost estimation and quotation
Multiple procurement strategies effectively reduce inventory backlog
Multi-level production plans provide full control of production progress
Effectively control the consumption of irregular materials
Motivate employees with a piece-rate wage system
Use electronic kanban boards to reflect on-site conditions intuitively
Barcode management improves finished-goods inventory accuracy
Use RFID for refined inventory management
Timely warning notifications for abnormal conditions
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