While many risk managers may be “numbers people” that are comfortable with risk scoring, the nuances can be lost on non-practitioners, or to demands for quick decisions. Data visualization offers you visual representations of data. This speeds up interpretation and provides a level of insight to assist human review, giving board members and other non-risk roles a deeper understanding of the data.
Interactive Dashboards Graphical and interactive dashboards and reports offer role specific users key performance indicators in a highly visual, easy to interpret way. It will help you to identify outliers, anomalies or problematic areas for focus. When visualizations are used in combination with analytics, you will be able to clearly understand relationships within the data.