ANL201 Data Visualisation for Business SUSS Assignment Sample Singapore

Summary: In this assignment sample, we are going to take an example of an assignment related to ANL201 data visualisation for business, which is a course at SUSS University Singapore. In this course, students are assessed on the ANL201 TMA , Quiz, and ECA Assignments. So here, our experts bring a plagiarised assignment sample for Singaporean students to take a look at.

The ANL201 Data Visualisation for Business aims to equip students with the knowledge and skills necessary in order to produce data visualizations which can be used by business owners. At completion, they will have achieved a high level of competence when it comes time to create their own performance dashboard or report using this software!

This course covers five different types: bar graphs; line charts, radar charts – useful if you’re into sports analytics where wins-loss ratios come into play, graphs sectioned off per industry sector- how do I know what type my company falls under? Just choose one based on the top three; histogram (or frequency distribution), which is used to show data that can be split into groups.

And lastly, the great line and area chart, which is like a combination of the two above. You know what they say, practice makes perfect! For those who want to take this further, there’s always the option for online Data Visualization courses.

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Assignment Brief 1: Describe an overview of business performance measurement strategy.

Businesses use performance measurement to track and improve their overall performance. There are a variety of different measures that businesses can use, depending on what is most important to them.

Some common measures include revenue, profits, customer satisfaction, employee satisfaction, and social responsibility.

Businesses often use performance measurement as a way to compare their results with industry averages or with the results of other businesses in their sector. This allows them to identify areas where they are doing well and areas where they need improvement.

Performance measurement can also help businesses make better strategic decisions by providing insights into how different changes in strategy will impact overall performance.   

Performance measures can vary significantly depending on what you are trying to measure. For example, revenue is a common performance measure for many businesses because it impacts the bottom line, but it may not be useful in measuring other aspects of business performance such as employee satisfaction or customer delight.

Thus, for each industry and each business within an industry there should be a set of performance measures that track what is most important to the success of the sector and the business.

Performance measurement for nonprofits is similar to performance measurement at businesses, although there are some key differences. In general, many people think about non-profit organizations as being charities or aid organizations that don’t have any measurable performance goals.

Assignment Brief 2: Evaluate the appropriateness of business performance measures against business strategy adopted.

The appropriateness of business performance measures against a business strategy adopted should be evaluated on a case-by-case basis. Generally speaking, if the strategy is to expand market share, measures such as market share or customer growth would be appropriate.

If the strategy is to enter into a new market, measures such as customer acquisition costs or product launch effectiveness would be more appropriate.

If the goal is to improve profitability, then measures such as gross margin or operating margin would be more relevant. And finally, if the goal is to reduce costs, measures such as inventory turns or receivables collection days would be more relevant.

It’s important to remember that no one measure can tell the whole story; rather, it’s the combination of measures that should provide the more accurate picture of business performance.

In addition to being appropriate, a metric must also be “actionable.” In other words, it’s important for a metric to have an understandable or visible relationship to an action that can be taken. Market share may not be actionable because it doesn’t directly translate into something that can be done.

Similarly, a measure such as gross margin may not be actionable because there could be several different reasons why gross margin declined from one period to the next. In order for a metric to have an actionable relationship, it’s important to look at various measures and combine them into a “balanced scorecard.”

A comprehensive measurement system should consider quantitative measures, qualitative measures, customer-centric measures, and process-oriented measures. It’s also important that performance metrics are relevant to the types of decisions being made.

Assignment Brief 3: Discuss the design principles of performance reports and dashboards.

Design principles of performance reports and dashboards should be based on the user’s needs and what information will be most helpful to them.

For example, a dashboard might provide an overview of key performance indicators, while a report might go into more detail about specific aspects of performance.

Another consideration is how to present data so that it is easy to understand and use. Charts, graphs, and tables can be helpful ways to display data, and it’s important to choose the right type of visualization for the type of data being presented.

In addition, effective design will help users focus on the most important information while reducing distractions. Navigation should be easy to follow, and users should be able to customize the view to see what’s most important to them.

A performance report or dashboard is an important tool for tracking and assessing the performance of a business. Good design principles for performance reports and dashboards include:

• Clarity: The reports and dashboards should be easy to read and understand, with clear labels and easy-to-follow charts and graphs.
• Simplicity: The layout should be streamlined, with only essential information displayed.
• Accuracy: The data included in the reports and dashboards should be accurate and up-to-date.
• Timeliness: Reports should be updated regularly, ideally on a real-time basis, so that users can track changes as they occur.
• Flexibility: Reports and dashboards should be customizable, so that users can see the information that’s most important to them.
• Personalization: Users should be able to input their own data and make adjustments as needed.

Assignment Brief 4: Use appropriate visualization based on given data.

When it comes to data visualization, the most important thing is to use the right type of graph for the data you have. For example, if you’re trying to show how a certain variable changes over time, you would use a time series graph. Or if you want to compare two different sets of data, you would use a bar chart.

Here’s an example of how to visualize the number of people who voted in each presidential election from 1960-2012: 

The first thing to do is decide what type of graph to use. In this case, we want to compare the number of voters from each election. So we’ll use a bar chart. 

Next, we need to gather the data. We want to compare the number of votes for each president, so we’ll need to know how many votes they received.

The data given suggests that most people who try dark chocolate don’t like it. This could be because their palate prefers sweeter flavors and isn’t used to the bitterness of dark chocolate.

Alternatively, it could be that their blood sugar levels are high and thus they experience an unpleasant spike in blood sugar after eating dark chocolate. In any case, it seems that most people are not fans of dark chocolate.

Assignment Brief 5: Summarize data through the use of business performance reports with the aid of data visualisation software.

Business performance reports can be used to track various aspects of a business’ performance, such as sales, profits, and customer engagement.

By using data visualisation software, you can create interactive graphs and charts that make it easier to see how different aspects of your business are performing. This can help you identify areas where your business could be doing better and make changes accordingly.

The data suggests that the company is growing at a steady rate, with slight increases in revenue each year. Additionally, the profit margin has been consistent, hovering around 30%.

The company seems to be doing well overall. However, there are some red flags shown in the data. For example, while the revenue has been increasing steadily, the number of customers has been slowly declining.

Additionally, the cost of goods sold has been increasing faster than the revenue generated, indicating that the company may not be as profitable as it could be. Finally, there is an increase in debt over time which could lead to financial difficulties down the road if not addressed.

By using data visualisation software, these insights can easily be seen and understood by anyone. This can help managers and employees alike identify challenges within the company and come up with solutions to help improve their business’ performance.

Assignment Brief 6: Develop business performance dashboards using data visualisation software.

There are a number of data visualisation software options that can help you develop business performance dashboards. Some popular ones include Tableau, QlikView, and Microsoft Power BI. 

When choosing a data visualisation software, it’s important to consider the level of customizability it offers. The best software will allow you to easily create custom charts and graphs, as well as filter and drill down into your data to get more specific insights. 

Another important consideration is how user-friendly the software is. The best options are easy to learn and use, so you can quickly get up and running with creating dashboards. 

Finally, make sure the software can connect to the data sources you need from your company. Having a reliable data source is important, as it ensures you can filter and present the latest information from your business.

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