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Pixystem Business Review
414
Pixystems Business Review
using Data Visualization
Presented by: Stream 5
Group 57
Introduction
An international toy company based in the US with manufacturers in China, Mexico and Brazil
Introduction
Business processes:
Inventory
Account Payable
Payroll
Customer Sales
Why should you invest in DATA VISUALIZATION?
Issues Highlighted
Issues
Highlighted
Approach of Analysis
1. Importance of AP within the company
- Covers majority of the payment
- Impact the bottom line of the company
- Better understanding of financial position
Negative impact: Increased interest chargers
- Late chargers
- Losing partnerships with suppliers
(Dave, 2014)
Approach for analysis -
Account Payable
2. Most errors and mistakes
- Erroneous payments
- Duplicate payments
- Overdue payments
- Discount payments
- Inconsistent payments
Approach for analysis -
Account Payable
Problems & Errors
Erroneous Payment
Total
number:
6
Pixystems did not pay enough money to its vendors as promised
Duplicate Payments
Same invoice has been paid twice
Overdue Payments
several payments that were not paid on time
Discount Payments
Hard to identify whether the discounts have been applied
Inconsistent Payments
Random payment dates
Get them into order
Consistency of these payments can not be identified in excel
The need for data visualization
Data Quality
- Completeness, Accuracy, Consistency, Integrity, Validity
Data Governance
Lack of corporate governance <----- Misrepresentations in the excels
Lack of information governance <----- Inaccurate data records
Data
Quality & Governance
Data Quality & Governance
Ineffective governance mechanism
Inappropriate management
Hard to meet financial goals
Lack of Corporate Governance
Inadequately qualified employees
Data Governance
(Martin, 2014; Jayne, 2018)
By Auditors & Regulators
Bad publicity
Lack of Information Governance
Decision maker
Reliability of information
Data, monitoring and executing
Explore Data
Visualization
with us together ...
Data Visualization
Benefits
1. Quickly
access to
business insights
· Human brain is programmed for visuals
· Find information needed more quickly
2. Rapid identification
of trends
· Provide the insights of cash flow
· Spot the shortage of the cash flow quickly in the mountain of data
3. Interact with Data
· More easily dig into the data through the interactivity function
· Encourage the users to explore the problems
· Manipulate the data to uncover other facts
4. Understand connections between operations and results
· Easily find the loss caused by not applying discounts
· Can be used in the research of marketing performance
5. Find the source of problem more efficiently
· Discover who is responsible for the mistakes
· Take corresponding action quickly
· Prevent further losses from mistakes
Structure &
Duties
TEAM
Data Visualization Team
Organizational chart
Data Processing
Data Management
Data Visualization
Visual Report
Data Quality
Data Governance
What can Data Visualization Team provide to Pixystems?
1. Provide the monthly Data Visualization report for the management team
2. Provide the annual Data Visualization report for all stakeholders and the public
What can
DV provide?
1
Visualize key performance indicators and other strategic data at a glance
Help to find the major problems on time
Aid in making smarter data-driven decisions
2
Present the statistic report in a more direct and clearer way.
Easy to read and understand for the stakeholders.
Help audience to extract the most significant information.
Successful Companies Using Data Visualization
GE
Real World
Example
100 Years of World of Records, Source: Fastcompany (2012)
Cause of Death, Source: GE 2016
Successful Companies Using Data Visualization
Day-by-day Analysis of New Yorkers' Running Habits
Source: https://www.wired.com/2011/06/nike-plus-data-viz/ (2011)
Nike Plus
Urban Running Routes
Source: https://www.wired.com/2011/06/nike-plus-data-viz/ (2011)
Conclusion
Why should you invest in DATA VISUALIZATION?
- Offer a new vision on the overall processes and enables alignment with continuous improvement
- Ease communication between workers of a company
Source: https://www.b2bmarketing.net/en-gb/resources/blog/10-benefits-visual-storytelling-infographic
Why should you invest in DATA VISUALIZATION?
- Extract patterns/mistakes/missing information almost instantly
- Noticing at en earlier stage enables better monitoring, correction and decision making
- Optimize time and resources and reduce redundant accounting activities
References
Andrew, L. (2016) DATA VISUALIZATION—HOW TO POSITION YOUR COMPANY[Online] Retrieved from: https://ffctn.com/doc/ffunction-data_visualization-2010.pdf
Holland, C. (2019). 10 benefits of visual storytelling (Infographic) B2B Marketing. Retrieved from https://www.b2bmarketing.net/en-gb/resources/blog/10-benefits-visual-storytelling-infographic
Gavett, G. (2019). How GE Uses Data Visualization to Tell Complex Stories. Retrieved from https://hbr.org/2013/05/how-ge-uses-data-visualization
Malinowski, E. (2019). Nike+ Data Viz Highlights Urban Running Routes. Retrieved from https://www.wired.com/2011/06/nike-plus-data-viz/