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Impact of Data Visualization in Key Sectors (Technical Insights)

  • June 2014
  • -
  • Frost & Sullivan
  • -
  • 49 pages

Summary

Table of Contents

Convergence of data visualization with key ICT technologies could result in the development of convergent specific applications

Data visualization (DV) is the futuristic solution for the interpretation of huge amounts of data in visual medium. DV provides interactive and user-friendly visual representation of data which can be used in making critical business decisions. Emergence of new technologies assists in the implementation of DV and also pave way for the convergence of technologies. Evolving technologies and applications in DV will contribute effectively to big data, social networking, and mobile data.

Research Outline
Data visualization (DV) is the futuristic solution for the interpretation of huge amounts of data in visual medium. DV provides interactive and user-friendly visual representation of data which can be used in making critical business decisions. Emergence of new technologies assists in the implementation of DV and also pave way for the convergence of technologies. Evolving technologies and applications in DV will contribute effectively to big data, social networking, and mobile data.

In brief, this research service provides the following:
- A brief snapshot on the key sectors of data visualization.
- Current scenario of data visualization in the sectors.
- Corporate activities in DV.
- Prominent tools in DV.
- Future implications of DV in the key sectors.
- Possible technological convergence for new innovations.

Key Findings
Data visualization is expected to impact key sectors such as finance, healthcare, marketing, disaster management, operations management, automotive and transport, social media, and aerospace & defense. These sectors are mostly exploring DV as of now. It is expected that evolution of DV will usher in highly sector specific applications in the long term.

In finance and healthcare, DV applications are mostly localized toward charting engines. This is expected to change when DV converges with AR and big data allowing wide range of analytics and display of interactive visualization. The development of interactive dashboards is expected to help in evolution of DV as more interactive rather than a mere information representation tool

In aerospace and defense sector, impact of DV is expected to be strong only in the long term. In order to have full scale implementation of DV, defense sector is expected to embrace AR wearable devices, mobile computing systems, and other analytical engines. In the long term, DV is expected to enable development of high-end real-time decision making systems in warzones and disaster management areas.

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