4 Ways Data Visualization Can Improve Your Decision Making
Every day, business leaders are responsible for decisions that impact the outcomes of their organizations. Some of these decisions can hold massive implications. Luckily in the digital era, big data has led the way and empowered leaders to make better, data-driven decisions.
Big data allows businesses to leverage massive quantities of information. We produced 2.5 quintillion bytes of data per day. While new technology offers us the means of collecting lots of data, the information renders useless if we cannot turn it into actionable insights.
Enter data visualization: a graphical representation of information and data.
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Introducing the Visual Workforce Skill and Proficiency Matrix
With Visual Workforce, there’s no need to manually build a stand-alone skills matrix in Excel ever again. Our smart, scalable Skill and Proficiency Matrix visualization delivers familiarity to long-time Excel users, while simultaneously leveraging the power, scalability, and integration of the Visual Workforce platform.
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5 Characteristics That Define the Modern Skills Matrix
A few weeks back we explored the 4 technological limitations that spell the end for the traditional, Excel-based skills matrix. And while the old way may be gone for good, the skills matrix itself isn’t going anywhere anytime soon – it’s too ingrained in the way HR professionals, managers, and project leaders operate on a day-to-day basis. However, as organizations seek to modernize the way they make workforce planning decisions, tools like the skills matrix need to evolve to keep up.
This week we’re examining the 5 characteristics that define a modern approach to building skills matrices. These matrices need to be built to handle the growing demands of modern business and able to arm businesspeople with access to insights about the skills and competencies of their people.
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4 Limitations That Spell the End for the Traditional Skills Matrix
Can an Excel-based approach to building skills matrices successfully adapt to the changing needs and requirements of modern business? We don’t know about you, but we’re not holding our breath. Let’s look at a few of the technological limitations that have doomed the traditional skills matrix to your desktop’s recycling bin.
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6 Steps to Use Visual Data to Build Effective Employee Growth Plans
Focusing on employee growth is crucial to the success of any organization. While engagement is important, investment in hard and soft skills will return exponential benefits in productivity and performance.
There are also several indirect benefits to Skills Planning, like talent retention, that contribute to your company’s competitive advantage and bottom line. The top reason people left their jobs in 2018 was boredom. Employees didn’t feel like their managers were challenging them enough, so they sought career growth elsewhere. Additionally, a recent survey found 42% of respondents highlighted learning and professional development as the most important factors when deciding where to work.
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The Power of Data Visualization
Organizations are leveraging data to improve all aspects of business. Many industries are adopting a data-driven mindset to make better business decisions, personalize the customer experience, and enhance products. Even non-technical industries, like fashion and sports, are finding unique ways to incorporate data into their products and operations.
The quantity of available data is massive. Nearly every action in a business can be tracked, analyzed, and improved. However, how we translate big data into actionable insights is still a work in progress.
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