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Thursday, September 17, 2009

Finance data visualization

Today I bumped into something extremely interesting and it has changed the way I look at the topic - Advanced finance data visualisation techniques.

Banks today are spending significant time and effort selecting 3rd party vendors to chart data, graph data etc. The focus primarily is on the quality of the graphs, easy API to use, good documentation and licensing costs. The exercise is a no-brainer. The more time we spend, the better decision we make. Some of the popular vendors being ChartFX, Infragistics, Nevron etc. All of them have their pros and cons. Some support WPF, some don't etc. One can come up with a big feature comparison table.

But are the right questions being asked? Are traditional visualization methods good enough? Are treemaps and heatmaps the end of the road? I had to see
Lineplot's tick data video to trigger this creative left side of my brain. Simple and intutive! I guess, the developer's job to build these are trivial compared to the upfront costs required to get these ideas funded and supported by the business.

On a slightly different track, another video here makes it quite easy to understand the business concept. Probably not something a front office technology team could be building , but neverthless interesting to know that there are firms out there using these to woo their clients. Definitely something all sales teams should look into, in addition to adopting all the "inbound marketing" techniques which seems to be the "mantra" for the day.

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