3 emerging styles of motion graphics in 2021

three emerging styles of motion graphics

While the term ‘motion graphics’ is new, it has become an essential part of design in recent years.

Motion graphics are animations combined with audio. Usually designers make them using a computer. In other words, they are not films that get shot using actors or locations in real life. “Audiences generally watch motion graphics are on the internet,” said Frazer King from motion graphics firm Votion.

Recently, animation has boomed. The reason is the global Covid19 pandemic. During the pandemic, live-action productions have faced delays due to the coronavirus. Animators have faced no such problems. It is easy to make an animation in a computer without leaving your home.

With motion graphics there is no need for actors to meet or crews to assemble. Everything can be done online.  As well as being Covid-safe, motion graphics are much cheaper than using real live actors and locations.

That has created a new interest in animation in Hollywood and beyond.

Covid has also seen a corresponding boom in viewership. Video streaming has been especially popular. The boom saw new U.S. video subscribers rise to 12.9% of households during in 2020.

Since then the rate has levelled off. It is currently at 3.9%.

Video continues to dominate the internet. The numbers can be staggering.

Over 500 million people watch Facebook videos every day. YouTubers upload 300 hours of video content to the platform every minute. 93% of businesses gain new customers as a result of video content.

People spend an average of 6 hours and 48 minutes per week watching online videos. That is why advertisers use motion graphics for campaigns. And it is also why designers use motion graphics to make content or full length movies.

With so many potential uses for this industry-changing technology, what will come next?

In 2021, we’ve seen a shift towards three emerging styles. Those styles are minimalist design, textured animation and 3D animation.

This blog post explores each style of motion graphics. It gives inspirational examples and discusses what might be the future of animation.

New technology and changes in how we consume video have driven these new styles.

Minimalist Design

Minimalist design focuses on simplicity and intuitiveness. It does not rely on flashy effects or a large quantity of content.

This style has become popular due to plenty of free resources online. They allow you to build your own animation fast.

These styles have become especially popular in social media marketing. The fast-paced nature of content production means they can be responsive to trends. With minimalist design there is no need to scout locations, fly in actors or even check the weather. All the production work occurs inside a computer.

Existing software can make the process even faster. Animations created in just one day can get large audiences.

Brands must stand out from competitors and styles such as minimalism can help. Minimal design often has a good deal of impact. That is vital if you want to catch viewer’s attention.

The styles below show how brands can use this approach to captivate their audience.

Specimen, is a colour matching game for iOS. It is an app whose design is as simple as it is effective.

The Illusion of Life presents 12 universal principles for animation. Instead of using characters it uses cubes.

Minimalistic animation by Nicolas Menard uses crayons instead of complex graphics.. Music gives the visuals character and life.

Bran Dougherty-Johnson’s showreel from 2015 takes simple graphic vectors to new levels.

Textured animation

Textures in motion graphics appear natural and organic. They seem more tactile than traditional styles due to the way they interact with light.

The styles tend to contain more atmosphere. They create an illusion of depth or movement that mimic real-world. Take a look at the styles below that explore this technique.

Sofia El Khyari’s animated short Le Corps Poreux makes tactile use of watercolours. It tells a metaphysical story about a young woman who heads to the sea to re-discover herself.

Tuscany is a hand-drawn animation painted in Photoshop, five seconds at a time. Creator Coleern Bairk completed it over the course of 15 months.

The animation is inspired by a night spent in a cement annex on an isolated Tuscan farm. It explores fear, paralysis, and rebirth, he says.

Pink is Giant Ant’s addition to CNN’s Colorscope series. It features a soothing, delicate texture.

According to creator Eric Pautz each scene washing over the previous one is calming. He animated the objects a little slower than reality. That means they appear larger-than-life.

“That helped with the dream-like vibe we were going for,” said Pautz.

3D motion graphics

3D graphics are particularly popular on Instagram. Great examples abound.

“Unbreakable” explains what it feels like to suffer from nontuberculous mycobacteria (NTM). The film stars Barbara the Bunny, a plush toy built in a magical factory. As she comes alive, she coughs, splitting a piece of her fabric. “Quality Control” throws Barbara out of the factory.

Barbara the Bunny then heads off on a quest to find a specialist doctor who can help her. To Barbara’s relief, a sweet toy repair shop owner comes to her rescue.

The creators use rich, poetic visuals to engage the viewer with the concerns of NTM sufferers.

An ad for high yield bond funds uses 3D motion graphics to create marbles. We see them roll over a landscape. It feels completely reel.

This showreel from Fugu makes affecting use of abstract 3d textures and a voice over of pure doom.

Bugged used 3D animation software to turn clay into life-like computer animations.

The future of animation

There is a need to animate for specific devices such as Virtual Reality headsets. Headsets such as Oculus and Hololens open up new creative opportunities. Brands and designers can take advantage.

VR means designing animated experiences in an immersive digital environment.

Psyop have launched a wholly-owned VR experience called Kismet.

Kimset takes Tarot card reading sets it in Virtual Reality. The game features a deck of 22 hand-painted Tarot cards and an accurate real-time map of the solar system.

Kismet offers unique outcomes every calendar day, tied to the cards that you choose. Your birth date and the real alignment of the stars at the time of your reading also effect the reading.

As we see, there are many styles of motion graphics you can use. Each offers a different advantage. But when it comes to success, the future of motion graphics is foretold.

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About the author

My name is Andy Pemberton. I am an expert in data visualization. I guide global clients such as Lombard Odier, the European Commission and Cisco on the best way to use data visualization and then produce it for them: reports, infographics and motion graphics. If you need your data visualized contact me at andy@furthr.co.uk or call 07963 020 103

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6 tips to learn data visualization basics in a month

Within 30 days you will learn how to make data visualizations with real impact

Data visualization is one of the most powerful tools in marketing today.

It’s used to convey complex information fast and with impact. Generally, it has a higher retention rate for the reader than text-based content. It is great for marketers as viewers share visuals on Twitter, Facebook and LinkedIn. Your target audience will be more engaged by data visualizations than only words.

Data visualization is an evolving field. But it’s important to know the fundamentals to harness the power of data visualization. This post will provide 6 tips to help you become a data visualization pro in no time.

Good design is key to creating accessible data visualisations. Don’t understand the data visualization? Then they won’t understand the message you’re trying to get across.

Next time you look at a data visualization, see how long it takes you to make a judgement on it. Most people decide whether they want to read it or not within two seconds. This is what we mean when we talk about impact. For a data visualization to have impact, it must be easy enough to grasp in two seconds.

Viewers spend little time considering a data visualization. But they also spend seconds on almost all design and written work. Only when it passes the impact test, do viewers read on.

If you want your data visualization to have impact here are a few basic design principles to learn:

1. Keep it simple (KISS principle)

Imagine you are explaining something to a very smart nine year old. Make your data visualization design with that nine year old in mind. It is harder than it looks. Einstein said if you cannot explain something to a nine year old, you have not understood it yourself.

Next, show comparisons (relative size, shape, colour etc.). Out of context data points mean little. Comparing them with other points, gives them meaning. Strong comparisons communicate a story it is easy to grasp.

Use the right visual aids for the right occasion. For example, using a pie chart only makes sense if there are a few categories that add up to 100%. If you want to show a company that is making more money year on year a bar chart is a good choice. The graphic must make intuitive sense. This can get difficult. While we can show intensity using a heat map, showing impact can be less easy.

Readability comes first. Avoid the use of too many colours, or fonts. Colour is very powerful. Each colour has a different meaning. Blue is calm, red means danger and so on. If you add too many colours to your data visualization you will give it too much meaning. The viewer will feel overwhelmed. It will be a mess. A better strategy is to limit yourself to one colour only. Show that colour in different shades.

When Google show users their data they usually use different shades of blue in their charts. This makes the charts feel controlled, grown-up and easy to grasp.

Limit yourself to shades of one colour too. That way you will avoid your charts looking like they belong in a kindergarten.

Notice patterns in other visuals you like and apply them when designing yours.

Master the basics first. There are 36 different charts and maps. – Learn how to read and understand them and then you will be able to pick the right chart for the right data point.

2. Think hard about your headline

The name of the data visualization is of critical importance. If you want to learn how to make a data visualization, first learn how to write its headline. The headline should be the conclusion of the data we are about to see.

For example, the conclusion of your data could be “There was very little wind this August.”

Do not title your data visualization “August weather trends”. If you do, the viewer will need to read the whole chart first to draw the conclusion about wind in August. But we already know that most viewers give up on a data visualization after two seconds . So the chances of them reading the whole chart are small.

The correct strategy is to title the data visualization with the conclusion of the data. If you call your chart “There was very little wind this August” viewers will understand it in two seconds. The data visualization can then prove this fact with charts and graphs. Eye-tracking surveys support this strategy. They show viewers read the title of the data visualization first and then look at the chart or graph for proof. In this way, your data visualization is proof of the title.

This point is important. Matching the headline and the chart beneath is the foundational skillset of communication.

If you can do that you can make any kind of communication. You can make a video, a presentation, a movie, a magazine, a brochure or a newspaper.

3. The key software you need to get to grips with

There are many paid and free tools available both in the form of desktop and online versions. Online tool Piktochart allows you to choose from templates created by designers worldwide. It’s easy to learn, with many features already built-in.

Another great tool is Easel.ly. It allows you to recreate charts from the Office for National Statistics.I t’s library has  over 100 chart types. You can learn the basics and learn new types of charts you can recreate yourself.

4. Share your work and seek authentic feedback

Once you’ve created a chart, share it with your friends and co-workers. Ask them to point out any areas that might need improvement. Is the data easy to understand? What about your contrast in colours? Do the fonts need to change? Is there too much information? The sooner you learn from your mistakes, the faster you’ll learn.

5.  Follow industry leaders who share tutorials

There are many influencers who share tutorials on how to learn data visualisation. My favourite practitioners include Scott Galloway and Gapminder.

Influencers show you how to use software tools available for learning data visualization.

The Power BI Program Managers have a YouTube playlist “Analyze & Visualize Data with Power BI” is also available as an EdX course.

The Power BI team produce a 30-minute video of the new features in the Desktop every month. The latest video at the time of writing (May 2019) is here.

DataCamp offer fantastic online training in core data science skills and languages. They include Python, R and SQL. They are subscription-based but the first chapter of each course is free so you can try before you buy.

You can also learn how the Financial Times make charts

6. Read books on data visualization

If you’re feeling more comfortable with data visualisation learn from some masters. Try The Wall Street Journal Guide to Information Graphics  by Dona M. Wong.

Foster Provost and Tom Fawcett have intuitive explanations of data science algorithms.

BONUS: You can learn python or R to make use of data cleaning and statistical analysis. You can learn how to make charts in R

As you see it is easy – and in some cases free – to learn data visualisation. Learn how to show your data in a way that anyone can grasp in under two seconds. Then you can begin to use data visualization as a tool for persuasion. Learn the fundamentals of data visuaization, and you will also be able to make other kids of content too . You will be able to make video, brochures, reports and articles.

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About the author

My name is Andy Pemberton. I am an expert in data visualization. I guide global clients such as Lombard Odier, the European Commission and Cisco on the best way to use data visualization and then produce it for them: reports, infographics and motion graphics. If you need your data visualized contact me at andy@furthr.co.uk or call 07963 020 103

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5 reasons why infographic design is a powerful tool for your business

Furthr is an infograohic design agency

Infographic design is taking numbers and turning them into graphics. An infographic designer takes numbers and shows how they change over time.

Visualizing the data in this way reveals trends and patterns. Most would not be visible if you could read the data in a table.

By adding design elements, infographic design gives those numbers impact. Infographic design becomes emotional. A user can not only see a spike in the number of cases of Coronavirus, she can feel them too. In this way, infographic design is powerful and persuasive.

We like to make numbers emotional. This is why we are an infographic design agency. In fact we are the UK’s leading infographic design agency.  It is what we specialize in. We believe it’s important that people understand data so they can make sense of the world around them. This will also mean they can make better decisions.

Infographic design is not the same as other kinds of design. It only cares about numbers and what they mean. Infographic design is not only graphic design. it is more than that. It is not a schematic either. Schematics are diagrams that are symbolic or simplified versions of ideas or systems. Infographic design is different. It is only interested in numbers. No numbers, no infographic, as we say in the business.

Infographic design does not rely on words. In fact, you might say that if you need words to explain your infographic design, it has failed. An infographic design must be “stand alone.”

Infographics must be simple, clear and easy to grasp. Or put another way, they must be impossible to misunderstand. A user can understand a good infographic in under two seconds.

The title or headline of an infographic is important. It should always be the one big conclusion of the data. Eye-tracking surveys show that users read the headline first. Then they look at the infographic design. Then they go back to the headline before checking the design again.

Based on this research we see that the infographic design is “proof” that the headline is correct. In a way, we could say the infographic design is a delivery mechanism for the headline it sits under.

That is how infographics work. But why bother making them in the first place? Your business is sitting on mountains of data. You should use it. Here are five reasons why infographic design can be a powerful tool. Whether you work in finance, health, education or infographic design matters.

Five reasons why infographic design can be a powerful tool for your business

1. Users trust infographics

With an infographic, there is nowhere to hide. Other forms of communication sometimes bend the truth to suit a point of view. With infographics, the numbers are the numbers. It is impossible to manipulate them. For this reason people trust infographics. That is why they are so often used it situations where the stakes are very high.

Financiers use infographic design to show the value of savings or a stock. Medical professionals use infographics to show the efficacy of a treatment or vaccine. In each case users trust infographics. And in communication trust is everything.

2. Businesses use infographics to close a sale

Businesses often refer to the sales funnel. It is an upside down pyramid. It describes the journey of the customer, from first encountering a product to buying it. In the sales funnel, infographic design is often used near the pointy end at the bottom. This is the point of “conversion” when the customer decides to buy the product. Once the buyer has been through the funnel, we show the customer infographics. Infographics close a sale. Infographics confirm that the product is of value. The buyer can feel secure that it is worth signing on the dotted line.

3. Infographic design bridges the comprehension gap

In most organisations there are technocrats and managers. They do not always “speak each others language.” Infographic design can be a bridge between each group. Infographic design translates numbers into meaning for non-experts to consume. It becomes a bridge between technocrats and the managers.

Businesses who use data to guide decision-making out-perform those that don’t. Infographic design ensures managers have all the information at their fingertips. Then they can make crucial business decisions. This makes infographic design a critical tool in any business hoping to succeed.

4. Infographics can untangle complexity

The world is complex. Infographics can cope with this complexity. The more complex the data, the better.

A simple chart can show you spending on restaurants over the year. But an infographic can show you spending on restaurants for an entire country for the past 50 years.

Interactive infographic design can allow users to focus on one area in particular.

Infographic design can provide pattern and meaning to random events. It turns the obscure into something easy to understand.

5. Infographics can move

The blend of infographics and animation is motion graphics. Motion graphics can be easy and inexpensive to produce. They are very good at showing changes in data over time. Motion graphics can be more memorable too.

Studies show that when motion graphics move, user engagement increases. If a website has animation on its honepage, Google is up to 50 times more likely to index it.

Mobile video consumption is rising all the time. A recent report showed it rises by 100% a year. Something like 82% of content online is now video. Most of the internet is a place to watch video and motion graphics.

Generally about half videos published in a year are less than a minute long. That’s not a bad thing. Users love to share motion graphics animations like this on social media such as Tik Tok.

By deploying motion graphics services your message can reach a much wider audience.

Infographic design is powerful. Users trust it. Infographics can make the difference between a sale and no sale. If you want to communicate something complicated use infographic design. To communicate something important infographic design is your friend. If you want to engage your audience online or on social media, motion graphics are popular.

Every firm now has troves of data. It can relate to health or finance, education or tech. It is valuable. To use it as a persuasion tool it you must visualize it. If you want to find out how to do that best, get in touch with andy@furthr.co.uk

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5 benefits of data visualization and why it’s critical for marketing

Data visualization is the science of showing data in a visual form. Data visualization conveys information and data fast and without bias. It’s a great example of that old communications adage,”show, don’t tell.”

Data visualization storytelling an effective tool for business owners and marketers. It will help them distribute their data and storytelling content. Data visualization is the perfect way to get a complicated message across.

Data storytelling is particularly effective when used as a tool to reassure customers. Data visualization storytelling helps customers see the benefits of a product or service. And it can show that benefit in a way that is free of hype or marketing spin.

It is always best to position your data visualization towards the end of the “marketing funnel”. Introduced at the right time, data visualization will close the deal. Data visualization is the final piece of the puzzle that allows customers to buy with peace of mind.

In this post, we explore five benefits data visualization. They will have a powerful impact on your business and marketing materials.

1. Data visualization creates engaging content

Creating data visualization content is a great way to stand out from your competition. Not only that, it also separates your message from the noise of data and information we’re faced with every day.

The use of data visualization in marketing creates engaging and interesting content. It grabs the attention of your target audience and entices them to engage with your brand.

In a matter of seconds, your customers can understand your key message. They can grasp complex concepts in the blink of an eye. It can turn non-experts into well-informed individuals in a very short space of time. If your data is trustworthy, it follows that your product or service will must be too.

In all business communication, trust is the return on investment. If your customers trusts you, they will do business with you. Beautiful data visualization is brilliant at building trust.

2. Data visualization is easy to consume

The rise in technological advancements int he 21st century has led to increased access to data. People are consuming more data than ever before. They are looking at it on smartphones, tablets and other connected devices such as smart TVs.

Creating data visualization allows you to present complicated data. And you can do it in a way that is easy to digest by audiences on all platforms. It does not matter what device they’re using or where they’re accessing it from.

Beautiful data visualizations are a perfect blend of form and function. Audiences grasp their basic meaning i in a matter of seconds, whatever platform they are on.

We call this impact. The most effective data visualizations all have impact. Once grabbed , the user can be further drawn into the detail of the data visualization. Users who read through to the end will grasp the conclusion of your data. They will be persuaded.

3. Data visualization will enhance your storytelling

The truth is that if you leave your data in a table no one will ever read it. Only when you visualize your data will it come alive. By visualizing data we imbue it with emotion. It makes us feel something.

Scientists say emotion drives behaviour. If we engage the emotions of our audience, they will take an action. Data visualization allows us to do this. But just as important, data visualization storytelling promotes understanding.

What do we mean by story telling? This story structure is called  “the hero’s journey.” It is a structure as old as mankind itself and is in everything from Marvel comics to the Bible. The hero’s journey is easy to follow, memorable and emotional satisfying.

The trick is to create a variety of visualizations. Then we take those visualizations and place them in the structure of the heroes journey. That is the sweet spot of data storytelling. Then our visualisations will be irresistible.

4. Data visualization is flexible

reating data visualizations means you can display data in many different ways. You can create tabular data displays right through to infographics. Businesses can also make interactive data visualizations. These include virtual reality, augmented reality and even 3D data visualizations.

The flexibility of data visualization means you can adapt it to suit your audience and goals.

Studies confirm that interactive data visualization increases engagement compared to static data visualizations. Data visualizations that move show audiences changes in the data. Gifs are great and showing how data changes over time.

Data visualization software tools are also proven to increase accessibility and engagement. Data visualization software tools that are easy to manipulate means that users can investigate the underlying data. They also allow users to zoom in on specific data points. The more time a user spends with a visualization, the more engaged they are.

5. Data visualization provides reassurance when making important decisions

One of the key benefits of data visualization is that it is a reassurance tool.

Imagine you are buying something significant, such as a house. First you inspect the property and speak to neighbours. Then you complete a survey of your potential new home.

The surveyor will present the data in the survey as data visualization. It offers reassurance that the house you are considering to buy will not fall down. In that sense it is emotional. And emotion is a key factor when it comes to making data visualizations.

Data visualization is brilliant at delivering reassurance that a product or service works. It is often used to “close the deal” especially if the decision is a significant one.

That’s why data visualization often features in medical and financial statements. Data visualization is always used when trust and reassurance are critical.

If you use data visualization at the right moment, it is a powerful tool. It will make customers feel reassured that the decision they are about to make is the correct one.

There is no doubt that visualizing data is beneficial. You’ll be able to explore data from many angles. You will find insights have been immediately clear.

Today everyone has data. It is a powerful persuasion tool in serious situations. But data can only works after you have turned it into data visualization.

If you want your data to work for you, you must visualize it. Sign up to Furthr’s newsletter to find out more. 

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7 benefits of data visualization storytelling

Data visualization is the art of displaying data in a visual form, to convey information and data quickly and clearly. Given the deluge of data we’re faced with every day through newspapers, TV broadcasts and social media streams, data visualization can be an incredibly effective tool for business owners and marketers looking to distribute their data and storytelling content effectively.

In a data-saturated world, beautiful data visualization allows businesses to stand out from the crowd and present information in a way that will grab the attention of their target audiences. In this post we’ll explore seven benefits data visualization storytelling can have on your business.

A core truth about data is that if you put it in a table no one will read it. Only when you visualize your data will stakeholders begin to take notice. We could even call it a golden rule: you must visualize your data. But sometimes even visualization alone is not enough.

Most of us are busy. We do not want to pay the cost of engaging with something if we cannot see an immediate benefit. Data visualization storytelling displays the benefit.

We are hard-wired to frame the world as stories. Stories to make sense of the otherwise unconnected but never-ending series of events we call life. The methods of data storytelling to make sense of the world and get our point across.

Data storytelling is the same as any other kind of storytelling. It centres on the hero’s journey. This is the pattern of a story we all recognize from almost every story we know or have ever seen.  The Lord of The Rings, Star Wars and Marvel movies all use the hero’s journey. So does the Bible.  Shakespeare’s plays features the heroes journey too.  They fit a pattern. A hero encounters an inciting incident that sets he or she off on a quest. They face many challenges which are overcome. At the end of the film, script or book, the hero has changed.

If you use the structure of the hero’s journey as your data visualization structure, your message will land. If it is easy to understand readers will trust you. Trust is the return on investment of all good data and story telling. Once a stakeholder trusts you, you can persuade them to act based on your data.

Here are seven more benefits of data visualization storytelling

Benefit 1: Data storytelling allows more rigorous analysis of the data in the first place

Stories do not only provide a shape to the finished data visualizations. They also allow us to construct a set of hypotheses.

Before diving into the data, we can start with a story line or narrative hypothesis. This can come from your previous experience or from qualitative research.

Your storyline can provide a map for investigating the data. That hypothetical story can be a way to separate noisy data from the signal.

Benefit 2: Data storytelling helps bridge the difficult “last mile” inside your business.

Gaps between business managers and technology people are not new. But the divide can run deep.

In businesses, the hardest barriers to overcome are not technical ones. They are a lack of management or financial support. Data storytelling is brilliant at over-coming these “last mile” internal barriers.

Data storytelling helps data scientists provide data visualization examples that explain complex results to non-technical stakeholders

Benefit 3: Users can process visual storytelling in the time it takes to blink your eye

Almost 50 percent of the brain processes vision. We can understand a visual scene in under one-tenth of a second.

Well-designed data storytelling takes advantage of our rapid visual processing. Data visualization storytelling means viewers can find patterns, trends and comparisons very fast..

Next time you look at a chart, see how long it takes you to decide whether you want to read it thoroughly or not. The answer is seconds.

Beautiful data visualization has impact. That means it has enough immediate appeal to make readers want to stay tuned beyond about two seconds. After that, they will absorb its message.

Benefit 4: Data visualization storytelling can handle complexity

The most unique aspect of data visualization is that it can handle complexity. It can crunch vast troves of data and display it on many dimensions. It can show how things have changed over hundreds, even thousands of years. The best data visualization storytelling can  transform complex data into beautiful clarity.

Remember: no one reads a table; everyone looks at the chart.

Benefit 5: You can’t bend the truth with data storytelling

Journalism sometimes embellishes the truth. Sometimes it creates false impressions. But with data visualization, there is “nowhere to hide.”

If the numbers in your data visualization show a decline in sales, then that will be impossible to mask. If you data visualization shows a higher infection rate than predicted, it will be plain to see.

Good data visualization storytelling reveals truths that we do not cannot see.

Benefit 6: Effective data visualization storytelling is persuasive

Whether it’s individual measurements or broader patterns, the best data visualization surprises you.  It reveals something you did not already know.

For instance, the most deadly animal is not the shark, nor is it man. It is the mosquito. Half of all the people that have ever died in the world, died from malaria. As temperatures rise, malaria is making its way to the UK.

These are surprising data points I learned from compelling data visualization storytelling. This kind of data visualization storytelling is persuasive. That is not a mere opinion, but the finding of a study by New York University.

Benefit 7: Data visualization storytelling is a way to make better decisions

Decisions based on data are more effective than prejudice, gut feeling or what has worked in the past. Making decisions based on data visualization means you can gain a competitive advantage, says this  study.

The only way to tackle data is to come to the data with an insight or hypothesis to test. Building stories provides a good framework in which to do that.

But that is just the start of the process.  When we show our findings, telling a story with data visualization is the only way to get our message to land.

The world is awash in data. Data visualization story telling makes sense of it.

Want to know more about data visualization? Subscribe to Furthr’s weekly newsletter.

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Recent inflation won’t drive up interest rates. The reason is “demographic stagnation”

As we pull out of lockdown and the pandemic subsides, some economists have started to turn their attention to a new risk – inflation.

With lockdown over, pent up demand has been released but suppliers have been caught on the hop. The result is more demand than supply, rising prices and a bulge in inflation.

The annual UK inflation rate more than doubled in April. What manufacturers pay for raw materials has risen 9.9%.

Recently the US Bureau of Labor Statistics reported much higher inflation than almost anyone predicted.

With spiralling inflation comes rising interest rates. So will the Bank of England raise interest rates to cool an overheating economy? No

One reason is that today’s inflation rates are just a blip reflecting what are probably one-time rises in the prices of building materials and used cars.

Once the pandemic subsides, we will likely again find ourselves in an environment of sustained low interest rates as a result of low investment demand. And the reason for that is plunging fertility.

Last month’s census report showed the lowest U.S. population growth since the 1930s.

  • Japan’s working-age population has been declining since the mid-1990s.
  • The euro area has been on the downslope since 2009.
  • Even China is starting to look like Japan, a legacy of its one-child policy.

We are in a flat population economy. Under normal circumstances investment demand is driven by population growth, as new families need newly built houses, new workers require the construction of new factories, and so on.

Secular stagnation

But low population growth can cause persistent weakness in spending. This phenomenon is called “secular stagnation.”

The downside of persistent low interest rates for the economy is that if there is a recession, the Bank of England is not in a position to slash rates to stimulate growth as rates are so low already.

One way out is for governments to take advantage of those same low interest rates to borrow money to fund public works and rebuild crumbling infrastucture, stimulate the economy and encourage investment.

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House prices surge as demand for offices and gyms FALL OFF A CLIFF

About the author

My name is Andy Pemberton. I am an expert in data visualization. I guide global clients such as Lombard Odier, the European Commission and Cisco on the best way to use data visualization and then produce it for them: reports, infographics and motion graphics. If you need your data visualized contact me at andy@furthr.co.uk or call 07963 020 103

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The future of American democracy is in the hands of one man. And that man is NICK CLEGG

It sounds insane but Nick Clegg, the onetime deputy prime minister of the UK, now head of Facebook’s public affairs, appears to hold the future of US democracy in is hands.

As you will recall, Facebook’s advisory board just upheld the decision to suspend Donald Trump from Facebook, following the attacks from a mob of Trump supporters on the Capitol building on January 6 this year.

Already banned from Twitter, the decision to suspend Donald Trump from Facebook was not trivial.  Without Facebook and Twitter, Donald Trump’s ability to build support for his on-gong campaign to overturn the legal 2020 US election is significantly weakened.

According to Brad Parscale, the Trump campaign manager in 2020 and digital director in 2016,  “Facebook was the highway which his car drove on.” The power of Mr. Trump’s pronouncements on social media had been their ability to ricochet quickly across the web and into the streams of his supporters — something far harder to achieve while being de-platformed.

Without Facebook and Twitter Trump will also find it much harder to raise money and wield influence over the Republican party. He won’t have access to Facebook to help the candidates he wants to support in the primaries in 2022.

Put more simply, Donald Trump’s ongoing attempt to overturn the 2020 election, undermine and ultimately destroy US democracy will be impeded by this decision.

But there is a twist in the tale. In the 12,000 word judgement it issued, the  London-based oversight board said Facebook could not ban Trump indefinitely – it must find a permanent solution on its own, effectively kicking a final decision back to Facebook’s executives about whether to ban Trump for life or let him back on the platform in the future.

The person who Facebook said would lead that decision-making process? Nick Clegg.

Even Tony Blair admits Mr Clegg finds himself in an interesting spot: “He is part of one of the most powerful companies in the world at a moment of enormous change in the world, and when technology is at the heart of that change.”

Choose wisely Nick.

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Many brands are not distinct from one another – and by using natural language processing we can now prove it

 

 Many brands are not distinct from one another-  and by using natural language processing we can prove it.

The question of competition is fundamental to any business. But understanding the competition can be complicated. Using machine learning, we can now understand what makes us distinct – or not – from our competition. And what makes them distinct from us.

Today, research firms use a two-by -two matrix to show where competing brands sit in relation to one another.

The two-by-two, you will recall, was invented by Dwight D Eisenhower, the US army general who ran allied command during the Second World War. He was the organisational genius who said,  “Plans are worthless but planning is invaluable.”

Unfortunately, the two-by-two has been misused over time. We all know the top right hand box is usually the most valuable position, so analysts sometimes manipulate their opinions to ensure that whatever it is they are trying to sell sits up there. There is even a firm called “Top Right”.

Another problem with the two-by-two and in fact any assessment of where your competition sits in relation to you is the difference between what should be and what is. Take a look at this analysis from research giant Gartner of IT firms. It gives the impression that all these IT firms are very different from one another.

But is this accurate? Working with data guru Marcelo LeCocq we used Natural Language Processing to read copy from all these brands and then compared that language to see how close the brands were to each other. We call this Brand Proximity.

The node link diagram above shows the distance of each brand from one another. The clustering to the left shows IT firms that describe themselves in a manner that is similar or the same. The three firms to the right, meanwhile, use language that is distinct from the competition.

Aryaka is described by Gartner as a “visionary IT company” as we see below.

Natural Language Processing supports the idea that it is a standout, as it describes itself differently to its peers (see the node link diagram below).

Meanwhile, Fortinet is a challenger brand, according to Gartner (see below).

But its’ communication is not distinct from the competition, says Natural Language Processing. In other words, the brands share proximity.

If communications from Fortinet read the same as its competitors, it follows that customers will not be able to tell the difference between the two brands. And if customers can not tell the difference, there is no difference that matters, as anything that makes Fortinet distinct is invisible to new customers anyway.

We all know your product is what the customer thinks it is: perception is reality. But now we can go further. Vocabulary really is destiny.

If brands don’t talk the talk, they risk never being asked to walk the walk. In this context, any sales they might enjoy are merely a product of the confusion of the customer to tell one brand from another.

That is not an opinion. It is now a demonstrable fact, as our video explains. 

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House prices surge as demand for offices and gyms FALL OFF A CLIFF

About the author

My name is Andy Pemberton. I am an expert in data visualization. I guide global clients such as Lombard Odier, the European Commission and Cisco on the best way to use data visualization and then produce it for them: reports, infographics and motion graphics. If you need your data visualized contact me at andy@furthr.co.uk or call 07963 020 103

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Do the math: today’s music industry is unsustainable

Record labels ate flush with cash from streaming services such as Spotify, Apple Music, Tidal and more.

Covid-19 may have wreaked havoc on several industries worldwide, but the US music industry has hit an all time high of $12.2bn revenues in 2020.

A whopping 83 per cent of that revenue has come from streaming. There are now more than 50m tracks available on Spotify alone and over 40,000 new tracks uploaded daily.

But for many artists streaming has not been nearly so lucrative. In fact, Covid-19 is making the music biz unsustainable for all but the most successful artists.

Let’s say you are an up and coming artist who got 23,000 streams on Spotify of one song in the third quarter of 2020. Payment for those streams would come in at $72 which works out at 0.27 cents per stream.  At this rate you would earn New York City’s minimum wage of  $15 an hour  or $31,200 a year after you had received 13 million plays across various streaming services.

With Covid-19 also hampering live music, it is hard to see how a music artist that achieves only moderate success can survive.

Unsurprisingly, many artists are seeking out new routes to sustainability.

Independent artist represent the fastest growing sector in the globally recorded music industry. Artists direct grew by over 34 per cent during the pandemic, brining in $1.2billion in revenues, growing their share by over a point to 5.1 per cent.

Exploitation has always been a part of the music industry, but streaming makes the music industry unsustainable.

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Why stop at Trump? Twitter must ban world leaders FOREVER

It’s striking how much less noise there is in U.S. politics — even during an extraordinarily turbulent time — without Trump’s constant flow of unhinged tweets,  Brian Klaas, a professor of global politics at University College London, tweeted this month.

And misinformation about election fraud plummeted after Trump was kicked off, one research has firm found.

Since Trump has stopped live tweeting all day, citizens have enjoyed cognitive space to better understand what’s actually happening around us.

Experts suggests we should learn from this: Heads of state should not be allowed to tweet.

It can’t be right that the most powerful person in the world’s most visible lever on power are 280-character chunks of tossed-off thoughts published instantly, without review, on a medium run by a private company whose secret algorithms are designed to encourage outrage.

And it is insane that The Pew Research Center discovered that while the 116th Congress barely passed any substantive bills, its members collectively set records for their activity on Twitter.

Lawmaking, now, is more a matter of going viral than getting anything done.

That’s a trend we need to end. Twitter is better without Trump. But why stop there.  Let’s  keep kicking off more politicians, so they can get on with the day job.

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