The human brain processes visuals 60,000 times faster than text.
Now take that statistic and put it into the context of the mass of business data you have on spreadsheets and in loose files. By presenting that data in an appealing, intuitive, and visual way, you can save a significant amount of the time spent locating key information, enabling faster decision making.
Using dashboards, you can visualise data in an accessible way that is meaningful and easy to interpret. By applying this to your business, you’re freed from the constrictions of industry standard spreadsheets - allowing your data to speak for itself and turning data into knowledge.
Modern dashboards offer intuitive navigation for users, with the new levels of interactivity and numerous visualisation options to help translate raw data into valuable insights. The best dashboards operate fast, but most crucially, use technology that is secure so data is protected.
Data visualisation for your business
Since 2013 we have seen that organisations which use visual data tools are 28 percent more likely to find timely information than those who rely solely on managed reporting. In a manufacturing environment, dashboards could be used to visually monitor individual components, whole assets or entire work sites.
Since 2013 we have seen that organisations which use visual data tools are 28 percent more likely to find timely information than those who rely solely on managed reporting.Aberdeen Group
One potential use for visual dashboards is the application of alert flags, which can be set up to highlight asset behaviour. Individual statistics of each asset can be selected and viewed, including temperature, pressure and vibration. The data used to power the dashboard can be historic and taken over a selected period of time, or, it can be used in a live production environment for near-real time condition monitoring.
In a report by Reliability Connect it was found that 23% of business owners did not know their asset availability and 17% had a reactive maintenance rate of over 80%.
By observing information in a more visual way, engineers can gain a fuller understanding of machines and wider fleets, better equipping them to fix problems and locate issues faster – ultimately reducing downtime and maintenance costs.
Enabling Anomaly Detection
Another advantage of continuously visualising faults and monitoring performance data is the ability to enable anomaly detection and predictive maintenance. Machine learning techniques can identify the typical statistics of an asset, then applied data science can teach it to flag unusual behaviour and fluctuations to determine when a fault may occur based on performance abnormalities. Done right, this saves an unprecedented amount of unplanned downtime.
Visualising data in new ways allows you to make the most of what you already have. You can make educated decisions that save time and money. When unplanned downtime costs industrial manufacturers an estimated $50 billion annually, it’s easy to see why businesses are making data visualisation a priority in 2021.