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At some point, the vast amount of analytical info that you’ve collected during the work may turn from a source of insights into a useless jumble of data. One of the possible reasons is the absence of a full-featured data analysis software for its analysis and easy-to-understand visualizations that can provide a fresh look at the endless lists of economic indicators.
Our development team was asked to build a comprehensive tool to provide better data visualization and analysis of economic and investment data. The app should have an intuitive user interface, provide advanced searching and filtering features, and allow visualizing large amounts of information in charts, maps, tables, and diagrams. It was required to develop an analysis and visualization tool that can work with more than 4 million data series accumulated from 1,5K information sources without any lags and glitches. Each user of this app should have the opportunity to create individual insights that visualize required information. Another requirement was to replace the existing obsolete software with this new platform and ensure painless data migration.
XB Software’s development team has developed an efficient solution that allows analyzing important indicators and creating personalized insights. The app consists of several main parts intended for data discovery, its further transformation, visualization, or extraction, and collaboration between users. The smart searching system enables users to find core economic and financial indicators required for analysis and reporting. The system provides some advanced filtering options that allow, for example, reviewing all recently updated or recently added economic indicators. With this system, users can perform the following operations:
Users can input mnemonic codes in a search bar. During the typing, the app will add suggestions to guide a user through the available options. For example, you can type CN.GDP.* to get all records related to China and the GDP indicator. Also, mnemonic codes can be used in an Excel table for smart and quick reports generation.
Drag-and-drop support allows moving data from Data Discovery section to Data Selection area and visualize it as a list or data table in a blink of an eye. The system provides users with different types of data visualization. Among the available options, there are charts (with a pie chart recently added), tables, map, heatmap, histogram, and other. Users can choose custom colors to be used on maps and define custom data labels.
Each user can either choose one of the options available in a predefined list or create a custom visualization. The application allows changing the following visualization aspects:
Users can apply economic and mathematical functions, use quick calculations, and make economic forecasts and custom visualizations with a couple of clicks. For example, there’s a currency conversion function that supports US Dollars, Japanese Yen, UK Pounds, and other currencies. A built-in function editor allows changing parameters of the available functions. Also, the app supports such tools for data analysis as Matlab and R.
All generated Insights, reports, and visualizations can be downloaded in one of the available formats:
Also, you can create a visualization from the selected series right from the download window. For better customer support, the Email Us window allows attaching images or files. Also, you can send an email to several recipients from your team to invite them into a discussion with developers. To achieve the goals, developers have used the Webix UI library, PhantomJS, Backbone.js, Docker, AWS Elastic Beanstalk, and other cutting-edge technologies.
Our development team has broad experience in creating custom data visualization solutions. Users can utilize advanced searching and filtering features for accessing required economic indicators. Built-in mathematical functions significantly expand the possibilities of this system. All important indicators can be visualized in various ways. According to the feedback received from our customer, the adoption of this system allowed to improve teamwork and collaboration due to the use of smart alerts on information updates, sharing modes, and other features.
The solution allows users to:
A company that specializes in economic and investment research and is trusted by economists, analysts, investors, corporations, and other organizations worldwide.