ANALYSIS AND VISUALIZATION OF BIG DATA USING VIRTUAL REALITY
The use of virtual reality in big data arises from the need to revolutionize the visualization and comprehension of charts, tables and data streams in general. It goes beyond the traditional software for the analysis of big data, renewing the approach of presentation of the same data.
The amount of data that a human brain is capable of processing on a two-dimensional computer screen is limited. The two dimensions also intrinsically limit the graphical and animation capabilities that would make the data presentation more easily absorbable and analyzable. In addition, the exponential growth of information that we are able to collect thanks to the technological development today, raises the need to quickly improve the acquisition and capacity of data analysis. Virtual reality can help solve the problem.
The uses of this technology extend from the educational field, to the training and the promotional. Its efficacy is given by the high emotional component that the sense of physical presence in the artificial environment creates in the user.
Portfolio management and Risk Management Insurance
TwoReality is specialized in the creation of multidimensional immersive environments for presentations, statistics, data, and everything that is represented with graphics. In this environment, the user can move physically and can interact with the data immediately. The obvious effect is that the data is more easily accessible and is displayed in a much more enveloping way.
The purpose is, therefore, on the one hand, to make the fruition of the data more interactive, on the other to make sure that the analysis and the comprehension of the information are improved thanks to a more immediate visual representation and to a possibility of comparison between different data, in a way never seen before.
The understanding of recurring models, the visualization of problems and possible solutions, and, in general, whatever the object of the search, will be faster, more effective and even more enjoyable thanks to the modes of visualization and interaction that Virtual reality offers.
A shared space allows you to view the data simultaneously and discuss them in real time.
A “master” user will be able to manage in real time the data streams from an immersive environment at 360 ° for Oculus Rift with manual/touch controls, while all other “viewers” will only have access to the frontend of presentation of data.
They will be able to manipulate and manage according to certain “flag”, to reorganize them according to specific parameters and to visualize them in an impacting way, compared with the current standards.
The wow effect of virtual reality will be total: The viewers will have full knowledge of the data animated by the master user and will be able to take advantage of the best aspects highlighted through the changes of parameters for the preview in VR.
The editing interface will be simplified and practical to use without having to leave virtual reality, but also ready to be used backend through the desktop, in case the master user does not want to participate in the VR visualization in real time.
The teleworking that virtual reality makes possible today is more impacting and robust compared to traditional chat environments and virtual workstations.
The physical aspect of people, when they share a physical virtual space with their collaborators, becomes an absolutely secondary aspect, compared to the immediacy of the visualization of immersive data.
Knowledge is power but extracting the right data from a flow of information is not always easy.
It is extraordinary times that we live.
Information technology is transforming every aspect of modern society: the way we work, play, learn…. The pace of transformation is not comparable to the revolutions of the past, and technological acceleration is exponential and continuously growing.
One of the main consequences of this revolution is the growth of the volume of data that we need to develop (and according to Moore’s law of the quality of these data as well as their complexity). Depending on whether you need to study trade funds or the performance of an investment title, for each of the analysis objects you have to take into account the amount of really huge data and above all that needs to be in relation to more than two simple dimensions simultaneously, as it happens today with traditional software.
These “groups” of data can be viewed as columns of analytical sheets or as predetermined dimensions in multidimensional spaces.
This way, in their entirety, they create an environment of truly infinite dimensions, where complex models determine the variance of correlations, clusters, anomalies, differences. Often, it is precisely the set of these indicators that determines the trend of a market, and the key to understanding this complex tendency is to know precisely how to apply a reading and decryption key that takes into account automatic learning as well as the innovative viewpoint of the observer.
In a virtual reality space, where the possible dimensions are practically infinite, it is quite intuitive to understand that the distribution of the data and the geometric possibilities of correlation are really numerous, as well as the possibility to intuit and understand (and also to demonstrate) that a rate is interesting when it is put in relation to the trend of a stock.
The Big data are not relevant to the data. They are relevant if we are able to know the specific insight of the data and manage and control the knowledge that arises from the same data.
Visualizing and managing data in virtual reality: The strength of a multidimensional space
Then, the visualization in the virtual reality of these data can be seen as the bridge that allows to transfer quantitative information to the human intuition that characterizes the advanced comprehension of new dynamics and relations between the data.
The traditional visualization, confined on a flat screen or on paper, is in fact limited by nature and does not allow the mind to create new connections between data and possible points of view that are not immediately evident, especially if these are not displayed in a dynamic, colorful way, with shapes, transparencies and animations, in an immersive way, and can be seen in real time in a virtual space that has no dimensional limits.
TwoReality can create your project management software in VR for complex data sets from files exported by major financial portfolio management (or similar) software to view and manage them within a virtual office shared with collaborators or customers during the presentations, in order to leverage and highlight new models and new reading schemes within the same data, and thus give the companies that choose to use it a competitive advantage truly unique and impressive.