Visualizing the information is more convenient than delving into the complex data table collections because the human brain easily digests the graphics, unlike the Excel spreadsheets due to their lack of information overload. That is why more and more people realize how to apply Tableau data visualization in the business context and discover the commercial benefits. In this article, you will find the examples of Tableau business cases with an ample outcome because of data visualization.
Data visualization increases the revenue for enterprises. How, though? First of all, it allows to obtain the profound insights when answering the data-related questions: instead of trying to structure the messy information, one can easily observe trends in revenue, costs, customer count, conversion rates, and the other e-commerce metrics (MAU, DAU, CPC, CPA, LTV).
By visualizing the information, it’s easy to find inefficiencies, to determine seasonality and optimize the company’s strategy through development of profitable directions. Also, visualizing the data is the way of guaranteeing the objective source of truth for all levels of leadership and providing all of the departments with the up-to-date and truthful information. An example of efficient visual representation can be found down below:
Tableau is a good choice for the users in need of cross-platform reports (on tablets, smartphones, or desktops). Tableau is easy to use and is suitable for sharing the data with all the members of the company. At the same time, it is convenient for processing the large sets of information, regardless of the amount of sources.
In fact, Tableau leverages an extensive set of data connectors, such as MySQL, Google Analytics, Google SpreadSheets, Excel, CSV files, and others. Thus, it provides the users with advanced analytical dashboard capabilities along with assisted formula editing, forecasting, clustering, and flexible deployment options (in-cloud, on-premises, and online).
Coca-Cola, the largest beverage company in the world, looked how to replace its daily 45-minute manual data reporting process. Previously, the team spent a considerable amount of time trying to connect over 200 million lines of data from over 100 different systems into single storage to then build one usable dashboard. To boost the efficiency and carry out a real-time data, Coca-Cola adopted Tableau. Because Tableau consolidates the data from multiple sources, various teams at Coca-Cola can now actively comprehend the metrics, including the budget, delivery operations, and profitability in a matter of few clicks. Simultaneously, the sales department can now access the data from the remote locations by using the iPads, which increased overall timeliness. Finally, the executive reports automatically refresh each day at 5:45 am, unlike the previous times.
Lenovo, a global technology company, aimed to optimize its analytics experience across all the departments and worldwide offices. Previously, Lenovo operated with one single sales report that was delivered to 28 different countries. When different regions or company’s divisions wanted to adopt the report to extract the most valuable data, it required a commitment of eight to ten individuals and led to a massive number of on-hold tasks for the analytics team. In turn, Lenovo decided to use Tableau to orderly structure the data all across the company. As a result, Lenovo got a flexible dashboard with all the sales that can be adapted for the ad-hoc analyses, which also led to 95% efficiency improvement across 28 countries. With the help of Tableau dashboard ideas, Lenovo gathered the engagement metric, thus crafting a better experience and collecting more revenue.
LinkedIn, a largest professional networking website, wanted to synchronize all the data across its internal databases (Google Analytics, Salesforce.com, third-party tools). Previously, one analyst at LinkedIn would handle daily sales request from over 500 salespersons, which created a reporting queue of up to 6 months. To fix the issue, LinkedIn decided to use Tableau to centralize the spread out data and develop a series of customer access dashboards. As a result, thousands of individuals nowadays can access the Tableau Server on a weekly basis, which constitutes 90% of the LinkedIn sales force. With the interactive real time dashboards in Tableau, one can easily predict churn and track the current performance, which eventually created more revenue through the proactive cycle of sales.
Bookimed, a Ukrainian service for searching the best medical solutions worldwide, wanted to make an x2 increase in revenue by year. To do so, the companies that use Tableau would have to make reasonable decisions based on data. We understood that previously managers had issues with evaluating hypothesis and tasks prioritization because of the manual filtering through the information. Usual data analysis required next steps:
In order to get quick and error-free insights from data and tracking the real-time state of the business, Bookimed decided to use Tableau and Tableau Online services. The main goal was to create the customizable for every department real-time dashboard system. To fulfill these tasks, we did undergo three steps:
Here are some of the first graphics of the company (numbers are random and for visualization purpose only):
Now, Bookimed.com has the system that delivers all the relevant data and information to every member of the company in real-time mode. Simultaneously, Bookimed got all of the following: