leveraging visualization to communicate complex data

11/6/2019

1

Leveraging Visualization to Communicate Complex Data &

AnalysesSeries 3 – November 6, 2019

• Participate in entire webinar• Answer polls when they are provided• If you are viewing this webinar in a group

Complete group attendance form with• Title & date of live webinar• Your company name• Your printed name, signature & email address

All group attendance sheets must be submitted to within 24 hours of live webinar Answer polls when they are provided

• If all eligibility requirements are met, each participant will be emailed their CPE certificates within 15 business days of live webinar

To Receive CPE Credit

11/6/2019

2

Doug Manhart, CFEDirector, Forensics & Valuation Services

Mark SolomonDirector, Forensics & Valuation Services

Definition of big data

“Information of extreme size, diversity & complexity”

Four v’s: volume, velocity, variety, veracity

Source: Gartner, Inc., http://www.gartner.com/technology/topics/big-data.jsp

11/6/2019

3

Volume

Created in last two years: 90%

Data universe …

Variety

11/6/2019

4

Velocity

There are 2.5 quintillion bytes of data created each day at our current pace, but that pace is only accelerating with the growth of the internet of things (IoT)

Source: https://www.forbes.com/sites/bernardmarr/

Veracity• In order for the data to be meaningful, we need to be able to

test its accuracy• Companies are increasingly basing major decisions on data

analytics• Garbage in, garbage out

11/6/2019

5

More importantly …

You have data—lots of it—& need to be using it

Definition of analytics

… analysis methods designed to extract useful information for answering strategic

questions ...

11/6/2019

6

Data Analytics Tools & Techniques

Techniques

Structured Data Analytics

Unstructured Data Analytics

Visual Analytics

Relationship Mapping

11/6/2019

7

Tool

s

Standard Analysis(Excel, Access)

Data Analytics (ACL, IDEA, SQL, Arbutus)

Data Visualization (Tableau, Analysts’ Notebook, Qlikview, Spotfire)

Artificial Intelligence(Machine Learning, Social Media, Sentiment)

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

11/6/2019

8

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

11/6/2019

9

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

11/6/2019

10

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

11/6/2019

11

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

11/6/2019

12

Source: https://public.tableau.com/en-us/s/gallery/visual-vocabulary

Common Issues/Misconceptions• “Excel on steroids”• Replaces ACL/SQL• Used to “perform” analytics• Pricing• Learning curve/nuances• Filtering into a hole

11/6/2019

13

Application Framework

The Three V’s for Identifying Opportunities1. Viable

Problem is suited to available tools2. Valuable

Is it worth doing? ROI?3. Vital

Technology is key to success

11/6/2019

14

Best Practices• Three key success factors

Accuracy Actionable Attractive

Best Practices• Who is my user?

The doer The analyzer The decider The casual learner The museum goer

11/6/2019

15

Best Practices• Visualization components

Graphic Color/Size Location Filters Device Interactivity

Exampleshttps://analytics.bkd.com/

11/6/2019

16

Best Practices - Examples

Best Practices – Devices

32Phone Tablet

11/6/2019

17

Strategic Question

Objectives Data

Procedures Analyze

Manage

QUESTIONS?

11/6/2019

18

Continuing Professional Education (CPE) Credits

The information in BKD webinars is presented by BKD professionals, but applying specific information to your situation requires careful consideration of facts & circumstances. Consult your BKD advisor before acting on any matters covered in these webinars

BKD, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

• CPE credit may be awarded upon verification of participant attendance

• For questions, concerns or comments regarding CPE credit, please email the BKD Learning & Development Department at training@bkd.com

CPE Credit

11/6/2019

19

THANK YOU!Doug Manhart, CFEDirectorForensics & Valuation ServicesDallas | 972.702.8262 | dmanhart@bkd.com

Mark SolomonDirectorForensics & Valuation ServicesSpringfield | 417.865.8701 | msolomon@bkd.com