3.08.2010

Data Viz

As this really smart Economist piece points out, we suddenly live in a vast universe of data, but most of it is just piling up because we don't yet know how to "extract wisdom" from it.

Well, in my experience, wisdom often comes from visualization, which is why I think data visualization is an essential piece of the new media DNA. A big part of the future of journalism, says Jay Rosen, is explanation. Context! Data visualization is pure explanation, pure context, instant wisdom.

Here's a perfect example. One of the major narratives designed to undermine renewable energies is is that they only exist because of a huge amount of federal financial assistance. That is true, but it's leaving out a big piece of the story. If a reporter relies only on that narrative he or she is doing a disservice to the reader. A story about subsidies for renewables is not giving the reader enough context if it does not mention that fossil fuels get much MORE federal assistance. And this handy little pie chart can make us instantly wise to the fact!


(source: Environmental Law Institute)

What is the future of data visualization as web journalism content? What was that thing that Buzz Lightyear said?

No, really though, projections are always tough. But I think it's a safe bet that data viz is gonna sell. Swing over to Katie Peek's blog, and I'm sure she can fill you in better than I can.

1 comment:

  1. Dear Sir,

    I have the pleasure to brief on our Data Visualization software
    "Trend Compass".

    TC is a new concept in viewing statistics and trends in an animated
    way by displaying 5 axis (X, Y, Time, Bubble size & Bubble color)
    instead of just the traditional X and Y axis. It could be used in
    analysis, research, presentation etc. In the banking sector, we have
    Deutsche Bank New York as our client.


    This a link on weather data :

    http://www.epicsyst.com/test/v2/aims/

    This is a bank link to compare Deposits, Withdrawals and numbers of
    Customers for different branches over time ( all in 1 Chart) :

    http://www.epicsyst.com/test/v2/bank-trx/

    Misc Examples :

    http://www.epicsyst.com/test/v2/airline/
    http://www.epicsyst.com/test/v2/stockmarket1/
    http://www.epicsyst.com/test/v2/tax/
    http://www.epicsyst.com/test/v2/football/
    http://www.epicsyst.com/test/v2/swinefludaily/
    http://www.epicsyst.com/test/v2/flu/
    http://www.epicsyst.com/test/v2/babyboomers/
    http://www.epicsyst.com/test/v2/bank-trx/
    http://www.epicsyst.com/test/v2/advertising/

    This is a project we did with Princeton University on US unemployment :
    http://www.epicsyst.com/main3.swf

    A 3 minutes video presentation of above by Professor Alan Krueger
    Bendheim Professor of Economics and Public Affairs at Princeton
    University and currently Chief Economist at the US Treasury using
    Trend Compass :
    http://epicsyst.com/trendcompass/princeton.aspx?home=1

    Latest financial links on the Central Bank of Egypt:

    http://www.epicsyst.com/trendcompass/samples/Aggregate-balance-sheet/
    http://www.epicsyst.com/trendcompass/samples/balance-sheet
    http://www.epicsyst.com/trendcompass/samples/banks-deposits-by-maturity/
    http://www.epicsyst.com/trendcompass/samples/egyptian-banks/
    http://www.epicsyst.com/trendcompass/samples/currency-by-denomination/

    I hope you could evaluate it and give me your comments. So many ideas
    are there.

    You can download a trial version. It has a feature to export
    EXE,PPS,HTML and AVI files. The most impressive is the AVI since you
    can record Audio/Video for the charts you create.

    http://epicsyst.com/trendcompass/FreeVersion/TrendCompassv1.2_DotNet.zip

    All the best.

    Epic Systems
    www.epicsyst.com

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