Data Visualization, A Predictive Approach

Omar Rahman and Omar Eid 2/25/2013

What?
The science of visual representation of data, dened as information which has been abstracted in some schematic form. 1

[2]

History
200 BC, Trade Maps 3

Key Factor
The Computer

[4]

Predictive Application

[5]

Alternatives
Consulting Companies

[7]

Pros
Consulting Services
The have a more human approach A second opinion. Certain Liabilities Based of experience

Predictive Services
Better Data insight Easy adaptable Faster Efficient No more hunches

Cons
Consulting Services
Costly Time Consuming Labor Intensive Prone to human error

Predictive Services
Only Data Oriented User are very dependent Need previous set of data

McDonalds and Predictive Management System

[8]

The Problem

[9]

Individual inventory management Did not account for promotions Food was wasted Managers spent many hours on inventory management.

The Solution
A new stock control system, Manugistics Combined a stores sale information, national promotions, national holidays, and local factors (i.e weather) into one system. Produced accurate charts that forecasted sales over the upcoming period. Weblog, Simple Online order amending tool
[9]

[9]

Benefits of New System

Always have stocks available Time saved Less waste -> Less Cost -> Cheaper Prices -> More Sales -> Reduction in emergency deliveries Peak level of operation
[9]

Implementation
Light Use: (Gym)
2nd opinion, rare use Very stable

Moderate Use: (Insurance)

Co-op, human and machine interaction - Most companies

Deep Use: (Bakery)

Inventory manager
Ex: O2 Bakery ERP software [10] Companies with a great amount of randomness

Simple System, IPro

[11]

Advancement
Graphical Modeling Sophisticated Models Automated Testing Test over a wide range of models Text Anayltics [5] Uncover patterns through text Reasarch [12] IBM Analytics HP Analytics

General Cost
Bang for the buck

[5]

Work Cited
1.Friendly, Michael. Milestones in the history of thematic cartography, statistical graphics, and data visualization. 24 Aug. 2009. 25 Feb. 2013 <http://www.math.yorku.ca/scs/gallery/milestone/ milestone.pdf>. 2.Anonymous. 25 Feb. 2013 <http://internet-map.net/>. 3.Anonymous. 25 Feb. 2013 <http://www.mitchellteachers.org/chinatour/silkroadproject/images/maps/ silkroad.jpg>. 4.Anonymous. 25 Feb. 2013 <http://4.bp.blogspot.com/-urmdcfo-nv0/t0fkcgf0mei/aaaaaaaadhg/birqtt5vofo/s1600/ chalkboard.jpg>. 5.Eckerson, Wayne W. Extending the Value of Your Data Warehousing Investment. 25 Feb. 2013 <http:// www.sas.com/events/cm/174390/assets/102892_0107.pdf>. 6.IBM. Smarter Analytics. 28 Mar. 2012. 25 Feb. 2013 http://www.youtube.com/watch?v=fpwofmsf73g. 7.Anonymous. 25 Feb. 2013 <http://www.mwpvl.com/>. 8.Anonymous. 25 Feb. 2013 <https://encrypted-tbn0.gstatic.com/images? q=tbn:and9gcswusrt5fbpmekmsmu2ifsw7tig-bxpedztlpeblmshdf_4q4t2eg>. 9.Anonymous. Managing stock to meet customer needs. . 25 Feb. 2013 <http://businesscasestudies.co.uk/ mcdonalds-restaurants/managing-stock-to-meet-customer-needs/#axzz2lsmuvsd4>. 10.Anonymous. 25 Feb. 2013 <http://www.evs-sw.com/industries/bakery-software.html>. 11.Anonymous. IPro Tour Page 8. . 25 Feb. 2013 <http://www.foodsoftware.com/product_0008_13.asp? keyword=&viewmode=&navurls=product_0008_13.asp%3fkeyword%3d%26viewmode %3d&navnames=ipro+tour+page+8>. 12.Anonymous. Inventory management solutions align supply with demand. . 25 Feb. 2013 <http:// www01.ibm.com/software/analytics/solutions/operational-analytics/inventory-management/>.