The silent war rages on – a relentless battle fought not in trenches but within the intangible strands of the digital cosmos. This quiet yet seismic conflict is waged over the most precious commodity of our age – data. The fighters in this arena don’t wield swords or shields. Instead, they arm themselves with anomaly and outlier detection methods, data validity mechanisms and compression algorithms
The question at the heart of this endless struggle is – how do we truly understand and view our data and its value?
Erdni Okonov, a well-respected figure in corporate finance and business intelligence with extensive knowledge in the field of data visualization, has some answers. A seasoned strategist in InsightOn, Okonov brings an arsenal of technical proficiencies to the table, from Power BI DAX to SQL data modeling.
According to Okonov, data visualization is a crucial part of business intelligence. It’s a field that focuses on the graphic representation of data, involving the production of images that communicate relationships among the represented data to the image viewers.
Okonov highlights that data visualization improves understanding of complex data structures by utilizing the brain’s ability to recognize patterns and trends. This means that, for instance, visualization can play a huge role in identifying patterns or anomalies that indicate security or data validity issues.
Reflecting on the matter, Okonov shares, “Data visualization allows us to ‘see’ in ways that raw data cannot.”
That said, Okonov’s skill set is best leveraged not in the security realm but in strategic decision-making and performance tracking within an organization.
Decision-making, a critical aspect of any business, is highly dependent on the availability and clarity of data. With his expertise in visualization, Okonov can translate complex data into understandable, actionable insights, enabling business leaders to make well-informed, data-driven decisions.
“In a business environment where time is often equated with money, rapid comprehension of data is key. With data visualization, KPIs cease to be static figures on a report,” Okonov reveals. “It’s like viewing your business operations through a magnifying glass. Every detail becomes vivid and significant, enabling you to take appropriate actions with precision and speed.”
Yet, the interplay of data visualization and business intelligence is an ever-evolving field, constantly molding to the needs of an increasingly data-dependent world. For Okonov, it represents the nexus of art and science, and like a seasoned chess player, he is always thinking a few moves ahead.
As data volumes continue growing, so does the need for more intuitive visualization tools. This has exponentially increased the search for the perfect dashboard, a critical component of data visualization that provides readers with a consolidated and interactive view of business data allowing users to drill down into specific points.
A well-designed dashboard can drastically improve the speed and quality of insights drawn from data, leading to improved business decisions. As for Okonov, his ultimate wish is the creation of a universal dashboard that not only balances aesthetics, functionality, and accuracy but intuitively displays critical data in a digestible format.
“Creating the perfect dashboard is like sculpting from stone. You have to chip away at the excess to reveal the essence within,” Okonov says.
The essence of data visualization is the ability to present complex data in an accessible form without losing nuance. Okonov points out that this involves a deep understanding of the audience, their requirements, and the context in which they operate. The challenges are not merely technical but psychological, revolving around how people perceive and interpret visual information.
The adaptability of the dashboard is another core principle for Okonov. As businesses evolve, data visualization typically evolves with them. This turns a dashboard into a living entity that grows and adapts.
“It’s not enough to create a dashboard that just works today,” he says. “It must be built with the future in mind, flexible enough to evolve as needs change.”
Okonov’s philosophy in data visualization encapsulates a holistic approach that recognizes the diversity of factors that contribute to the effective communication of data. It’s become evident that this is not just a matter of the right tools or the latest technology but about understanding the soul of the data and crafting a window through which others can see it too.
As Okonov aptly puts it, “The search for the perfect dashboard is an endless pursuit of clarity, utility, and beauty. We may not have the Holy Grail of dashboards at the moment, but with each one we create, we’re a step closer to that perfection.”