Content Proposal for 3.5.1: Data Visualization in Industry

[bharatimalik]

A subsection pertaining to data visualization for different industries could be added to enhance the reader's experience.

[bharatimalik]

Content Proposal: At present, the section body mentions some of the applications of dashboard in business. It doesn't completely matches with the section heading. I would propose to start this section with industry specific data visualization details and end it with the application table.

We can create a subsection: 3.5.1.2: Healthcare and add the following content to it.

This article talks about healthcare data revolution and will be an interesting find to add in this section.

With data volumes increasing exponentially, health care can no longer rely on antiquated data presentation tools like spreadsheets and tables any more than modern computers can still use transistors. Spreadsheets and tables are outdated means of data-sharing which are time-consuming to produce and ineffective to consume, particularly with large amounts of data.

According to AHIMA (American Health Information Management Association), the healthcare industry is in the midst of a data revolution, storing more information than ever before. Healthcare data volumes are increasing at a 49% clip annually, according to a recent report in CIO Magazine.

As per this article: Many organizations produce data visualizations in the areas of healthcare delivery, patient-facing applications, population health, public health, or global health. Some examples include:

• The Institute for Health Metrics and Evaluation, a population health research center at UW Medicine, regularly features data visualization on its site regarding topics such as the social determinants of health and obesity.
• Visualizing Health is a project of the Robert Wood Johnson Foundation and the University of Michigan Center for Health Communications Research that provides visualizations that communicate healthcare risk information.
• The Center for Disease Control’s National Center for Health Statistics offers a data visualization gallery based on the data the organization collects.
• The Agency for Healthcare Research and Quality (AHRQ) offers a data visualization site that highlights findings from the Agency’s Medical Expenditure Panel Survey, the Healthcare Cost and Utilization Project, and other AHRQ data sources.

[bharatimalik]

We can also create a subsection: 3.5.1.2: Media and Entertainment and add the following content to it.

The Data Visualization & Analytics trend has impacted all industries, ‏including the media industry. As new technologies are ‏being developed to automate and simplify the process of ‏data analysis, and as throngs of data analysts are being ‏trained and hired to meet the demand for the analysis of ‏these data. ‏For newspapers, television, magazines and Internet-only ‏publishers, Data Visualization & Analytics strategies can include audience ‏analytics to enable a better understanding and targeting of customers; tools to understand public and private ‏databases for journalistic storytelling; tools to manage ‏and search the exploding amount of video, social media ‏and other content; tools to target advertising and ad ‏campaigns; tools to automate the production of text and ‏video stories, tools to identify waste and enable efficiency; and much more.‏

Source: https://visualrsoftware.com/data-visualization-media-industry/

There are a number of ways in which media and entertainment companies can benefit from visualization and analytics applications such as:

• Audience Interest Analysis: Viewing history, searches, reviews, ratings, location and device data, click streams, log files and social media sentiment are just a few data sources that help take the guess work out of identifying audience interest.
• Enhanced Program Scheduling: With the help of insights gained through data visualization and analytics, the entertainment companies are able to understand when customers are most likely to view content and what device they’ll be using when they view it. Benefiting from the scalability of visualization and analytics solutions, this information can be analyzed at a granular ZIP code level for localized distribution.
• Increasing Acquisition and Retention: Smart data visualization and analytics tools may help media and entertainment companies in understanding why consumers subscribe and unsubscribe, which will allow them develop the best promotional and product strategies to attract and retain customers. Unstructured data visualization and analytics sources best handled by data visualization and analytics applications such as call detail records, email and social media sentiment reveal often overlooked factors driving customer interest and churn.

Source: https://visualrsoftware.com/media-entertainment-data-visualization/