02.13.2023 Executive Data Bytes – Extended Reality and Your Data Journey

Executive Data Bytes

Tech analysis for the busy executive.

Welcome to another edition of Executive Data Bytes! This week, we are discussing visualizing data analytics through Virtual Reality. 

Focus piece: “Immersive Analytics: Data Visualization in AR/VR”

Executive Summary

The world of data visualization is expanding into the virtual world as web browsers enable access to the client's GPU and virtual reality devices become cheaper and untethered. This Wear-Studio blog post explores how immersive analytics can help data professionals tell better data stories and empower virtual teams to make better decisions.

Key Takeaways

• AR and VR data analysis helps perceive complex data structures in more understandable ways.
• Virtualitics is a solution for explainable AI that can reduce data with hundreds of variables to a handful and suggest the best 3D visualization.
• Before VR and AR can really take off, the resolution of the headset should be increased and useful visualizations should be built.
• Big data visualization using virtual reality is just starting to appear, and the development of modern hardware and the new understanding of this very technology is promising.

Focus piece: “How AR/VR is Transforming Data Visualization”

Executive Summary

The demand for data visualization in AR/VR has grown tremendously over the last few years. This Successive Digital blog examines how the immersive technologies AR/VR are transforming the modern data visualization techniques.

Key Takeaways

• According to Forbes, we have created 2.5 quintillion bytes of data and over 90% of the world's data has been created over the last two years alone. However, 60%-73% of all data within an organization goes unused for analytics.
• In an average organization, data visualization consumes a lot of time and creates blurry and irrelevant conclusions. VR/AR enhances process effectiveness by rendering an immersive environment.
• AR and VR solutions help organizations enhance their decision-making process significantly. They help in forming efficient strategies that effectively run daily operations in multiple companies.
• 3D data visualizations using immersive technologies (AR/VR) are highly effective at elevating the data research process during various stages. Besides, VR simulations can predict future business outcomes.
• A collaborative form of immersive data visualization is rapidly trending among the tech community. The visualizations allow users to hover on the data, explore the details, and generate charts.

Focus piece: “Using VR To Step Inside Your Data: VR Or AR-Enabled Analytics” 

Executive Summary

There are a lot of useful applications for VR aside from gaming, but one of the lesser-known is data analytics. This Forbes article looks at the ways Virtual reality (VR) can be used for data analytics through immersive analytics platforms that encourage users to "step inside their data".

Key Takeaways

• Traditional 2D data visualization tools aren't able to illustrate the complexity of the data we collect today. Artificial intelligence and augmented/virtual realities can help make data easier to understand even for those who don't have a data background.
• Modern datasets are multivariate and require humans to manually pull together 2D representations, reports, graphs, and the like. VR and AR allows users to see everything at once and allows them to process data in multiple dimensions.
• AR/VR technology can make data analysis more fun and open up data analytics to a broader user group than just data scientists.
• At this point, there are many positives to using AR and VR in data visualization, but naysayers can slow the adoption of these tools.

Let's do VR!

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