Its been a very positive experience. [We found Bista] through originally a duckduckgo search, but after speaking with them, and another one of their customers who is well known in our industry, we felt confident they could deliver what we needed for a fair price in a reasonable time (which they have done). Now we have the future value of our investment with each interest rate we entered. Some implementation results like sales and pos modules exceeded our expectations. WhatIF Analysis - The Tableau Community For this analysis, you can apply positive what-if scenarios to one group of dimension members and negative what-if scenarios to a second group of dimension members. Check out these feature resources for your segmentation and cohort analysis: By combining Tableaus flexible front-end with powerful input capabilities, you can quickly modify calculations and test different scenarios. ELSEIF [Negative Set] THEN [Sales]*(1+([Negative Scenarios]/100)) You have been prompt in responding to our many support requests. Now that we have our parameter in a calculated field, we can use it in a view. Tableau features can be used for scenario and what-if analysis: Parameters: The parameters in Tableau are the workbook variables like a number, date, or calculated field that allow users to replace a constant value in a calculation, filter, or reference line. Necessary cookies are absolutely essential for the website to function properly. 0. Nov 4, 2022 What-If Analysis in Tableau Introduction What-if analysis is a decision-making tool that helps businesses experiment with different variables to see how changes would affect the outcomes of a situation or a scenario. A good example of a what-if analysis scenario would be. Automatically segment your data using clustering. https://www.bistasolutions.com/resources/videos/video/odoo-implementation-for-pinnacle-promotions-promotional-products-company/, https://www.youtube.com/watch?v=-G5Ip1j1NbE&list=PLu57YqCK3GEKEqhnxWpfxG-2e3Wm9NaMV&index=5&t/, https://www.bistasolutions.com/resources/videos/video/made-modern-furniture-maker/, https://www.bistasolutions.com/resources/videos/video/odoo-wholesale-and-distribution-customer-testimonial/, https://www.bistasolutions.com/resources/videos/video/odoo-cannabis-erp-customer-testimonial/, https://www.bistasolutions.com/resources/videos/video/odoo-manufacturing-case-study-for-fabspeed-motorsports/, https://www.bistasolutions.com/resources/videos/video/odoo-client-video-southern-hunt-club/, https://www.bistasolutions.com/resources/videos/video/cannabis-erp-2/, https://www.bistasolutions.com/resources/videos/video/tie-industrial-customer-testimonial-odoo-erp-industrial-automation-implementation-by-bista/, https://www.bistasolutions.com/resources/videos/video/odoo-implementation-for-allied-metals-metal-manufacturing-company-customer-testimonial/. IF [Region] = East or [Region] = South THEN 0 ELSE [Sales] END, Create another calculated field named New Forecast Sales, In the formula field, create a calculated field similar to the following, and then clickOK: So, lets begin with a one-variable data table. What is Tableau? Under Range values change the Minimum to -1, the Maximum to 1 and Step size to 0.01 and then click Ok. Create another Parameter by following the steps above and Name it Churn Rate % and under Range Values change the Minimum value to 0. Watch the blog for videos on parameters, combo charts, and the Data Engine. To show a parameter control, right-click on it from the Data pane and click Show Parameter (previously called Show Parameter Control prior to Tableau 2020.2). Happy data analysis! With her B.S. Workbook: Marketing ROI What-If Analysis - Tableau Software All Rights Reserved, By registering, you confirm that you agree to the processing of your personal data by Salesforce as described in the, By submitting this form, you acknowledge and agree that your personal data may be transferred to, stored, and processed on servers located outside of the People's Republic of China and that your personal data will be processed by Salesforce in accordance with the, By submitting this form, you confirm that you agree to the storing and processing of your personal data by Salesforce as described in the, Pass Expressions to External Services: R, Python, MATLAB, Tableau + Python (TabPy) for prescriptive analytics, 3 data trends that will drive the future of healthcare, Cost control strategies for health and life science organizations, How Team USA uses data to build a digital HQ. The cookie is used to store the user consent for the cookies in the category "Analytics". How to create a What If analysis in #Tableau - YouTube This is a helpful way to see things like loans, investments, product markups, and the like, with different variables. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Check it out, now you can allow yourself and your users to decide what is added to the set, much like you would a regular discrete filter! These cookies will be stored in your browser only with your consent. Go to the Data tab and select What-If Analysis > Data Table. How to create a What-If analysis in Tableau - btProvider Contact us! Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. We, at Reliance, are so thankful to have you as our partners in this endeavor. You may unsubscribe at any time by clicking the unsubscribe link located at the bottom of any email. We also use third-party cookies that help us analyze and understand how you use this website. For the two sets Ive created so far, the formula is: IF [Positive Set] THEN [Sales]*(1+([Positive Scenarios]/100)) We recommend them highly and we [are] still working with them. Change the mark type for Sales back to bar and What-If Sales to Gantt Bar Easy predictive analytics adds tremendous value to almost any data project. How to Make a Data Table for What-If Analysis in Excel - How-To Geek Explore these resources about Tableaus external services integrations: In many ways, Tableau stands alone among analytics platforms. It is mandatory to procure user consent prior to running these cookies on your website. In this series of short videos we'll show you some of the best features of the upcoming Tableau 6.0 release. So, what we were looking for is an expert in those areas that could help lead our project in a way that we would end up being very successful in the platform itself but also getting there. Marketing ROI What-If Analysis. Im using the Sub-Category dimension from the Sample Superstore dataset, so the easiest way to create an empty set is to right-click on the field in the Data pane, hover over Create, and choose Set. In the example workbook, this field is namedForecast Sales East, In the formula field, create a calculated field similar to the following, and then clickOK: VaibhavArya007/Data-Analysis-Projects - GitHub 1)Proposed Container Type. IF [Region] = East THEN [Sales]*(1+[Growth % East]) ELSE 0 END, Create another calculated field named Forecast Sales South, In the formula field, create a calculated field similar to the following, and then clickOK: Move through different perspectives quickly by slicing and dicing the data along as many dimensions as you want. Lets keep the current value as 0 (which will be default value when you use parameter for the first time). One of the biggest advantages to using a tool like Tableau is that the software can do much of the, This is the third in a five-part series on dashboard gauges in Tableau. An effective way to do that is to []. The first part of the dashboard looks at how the overall performance of each sales rep would be affected if the target sales was increased or decreased by some percentage (could be 2%, 10%, 50% etc.). Go to the Data tab, click the What-If Analysis drop-down arrow, and pick "Data Table." In the Data Table box that opens, enter the cell reference for the changing variable and per your setup. They had a team dedicated that okay were gonna take care of whats happening and let me have people working around the clock even. Click the Size Marks Card for What-If Sales to reduce the size of the Gantt marks Heres how the final view looks if sales were to improve by 60%. We considered them part of our teams; all of our daily meetings, all of our discussions, [they] were an integral part of that. 372. This parameter is a dependent variable, meaning that it does not do anything on its own. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. This website uses cookies to improve your experience while you navigate through the website. This cookie is set by GDPR Cookie Consent plugin. 1. For this exercise, I am using the Superstore dataset that comes with every download of Tableau if you would like to follow along. Now that I know this is working, there are some fun options on bringing this chart to life. Dont worry about adding anything to the set at this point because we will control what is included later via the new set control feature. Use the Net Zero Cloud What-if Analysis Accelerator to explore how emission reduction action plans can help you achieve Net Zero faster. Bista Solutions is a fully certified Odoo Gold Partner and has won Odoo Best Partner across North America in 2022, 2021, 2018, 2016, and 2015. 18 likes, 3 comments - Quantum Analytics NG (@quantumanalyticsorg) on Instagram: "Registration for Data Analyst Track #May cohort is now open! There are a couple of ways to write this calculation; here is one: Notice that parameters are colored purple and can be used in a formula just like any other field in your calculation. Streamlining what-if analysis empowers you to focus on the more complex aspects of your analysis and deliver greater insights. I wanted to go live and then fix problems as we go. As the collaboration is going so well, we have started to use Odoo for more [] things in our company and were continuing with change requests to adapt the system to our needs. Again, were using a column-based data table. A Marimekko or Mekko chart is a type of chart that works such as a stacked bar plus a tree map, or for a better understanding, a stacked bar horizontally and vertically. This is a popular business tactic for illustrating differences between actual or expected results and a custom scenario (i.e. Through working with Bista, weve gotten both quantifiable results as well as qualitative results. We select and review products independently. With thousands of articles under her belt, Sandy strives to help others use technology to their advantage. Mr. Basar Successful entrepreneur in the technology domain. To create a parameter, right click in the Parameters window in the bottom left corner of the sheet view and select Create Parameter. Mr. Basar having Proven track record of building a company from ground-up to multi-million dollars in revenue. Adjust the sliders to increase predicted spend without impacting the overall marketing budget too much. These cookies will be stored in your browser only with your consent. Click OK and youll see your results. Join 425,000 subscribers and get a daily digest of news, geek trivia, and our feature articles. Now, select all of the cells containing the formula, values, and expected outputs. in Information Technology, Sandy worked for many years in the IT industry as a Project Manager, Department Manager, and PMO Lead. Present and previous roles have included: Additionally, Mr. Sparrvik is a Board member in five companies. The level of consistency and dedication Bista has shown towards our project is the driving force behind the project and all that is to come! [Bista] showed that they could comprehend the project needs, as well as go above expectations. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Now, a scenario can be applied to one or more dimension members and you can have multiple scenarios within a single view. By staying focused on our mission to empower people to ask interesting questions of their data as quickly as possible, the Tableau platform delivers valuable functionality for everyone. Practical Tableau: 3 Ways to Add Alerts to Your Dashboards, Dashboard Gauge 3: 2 Ways to Map a Custom Background Image in Tableau, Innovative Tableau: How to Add Vertical Lines to Connect Slope Graphs, How to Make a What-If Analysis in Tableau Using Parameters. Through working with Bista, weve got quantifiable results and qualitative results. Now we know which dimension members are being included in the what-if scenarios. If your values are in a column, place the formula one cell above and to the right. To better integrate the what-if values with the actual values, Ill make the following updates: Convert this into a dual-axis combination chart by clicking the second pill on the Rows Shelf and choosing Dual Axis Looking forward to growing over the coming years with your support., Now that we have completed the launch of our new Odoo website, I wanted to take a moment to thank you and [the Bista] team for all the hard work it has taken to get us here. From the Data pane, create a Parameter (use the small triangle near the search bar), In the Create Parameter window, change the Name to Growth %, Change the Display format: from Automatic to Percentage. In the simple algebraic equation 2X = 16, the value of X would be the parameter; in this case, equal to 8. Bista accommodates the difference in time. Weve been able to increase our sales double, while lowering our back-order fulfillment rate. [] Theyre very good about working the hours that we need them to be. They're free but are filling up fast! She learned how technology can enrich both professional and personal lives by using the right tools. Andre Temnorod has been a leader in the internet technology and telecommunications space for 20 years. In this Tableau 201 post, we will use this concept to create a What-If analysis that will show us what would happen if we improved our sales from 0 100%. Parameters do little on their own because they are independent values that are not generated from the data, but controlled by the end user. So wherever we have to change things, or get additional resources, or find additional expertise, theyve always been on point to help with that. These will eventually correspond to percent increases in the Sales measure from 0 to 100 percent. The best way to think of parameters is that they act as wildcards. We have been working with them for a while now and Pradeep and his team members [] have done a commendable job in making sure our tickets are handled in [a] timely manner and they are very easy to work with and very approachable., Just wanted to drop a quick line to say thank you for all your efforts in supporting us in our needs for Odoo v12 Enterprise. Get the book at Amazon. Using our example, we enter B3 for the Column Input Cell which is for our interest rate and B4 for the Row Input cell which is for our number of payments. We'll assume you're ok with this, but you can opt-out if you wish. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". We are not experts in ERP implementations. If you like the work we do and would like to work with us, drop us an email on our Contacts page and well reach out! Present and previous roles have included: Mr. Temnorod is also one of the foremost experts in VoIP technology and has been featured on many panels and professional forums. In the "Script" section, select "TabPy" as the language. The term "advanced analytics" refers to techniques and tools typically beyond those of traditional business intelligence, often associated with data science (Gartner). I couldnt recommend the company more with Bista and how they took Odoo and got it to work for us. Typically, a filter action sends information from a selected mark to another sheet showing related information. Quickly segment and categorize data and perform powerful cohort analysis with relative ease. These cookies ensure basic functionalities and security features of the website, anonymously. It relies on historical data to offer predictions about what may transpire at some future point. If the set is not on the view, the option to Show Set will be grayed out and reads Show Set (add set to view). Regarding accounting, I think [the] Odoo [implementation] is saving us up to 10 hours per month on preparation of reports. This website uses cookies to improve your experience. Proudly Crafted by Quart Creative Agency. 2003-2023 Tableau Software, LLC, a Salesforce Company. In this case using Tableau parameters, I created this dashboard which can help a sales Manager experiment with sales data to see how adjustments on base salary, commission rate, and target sales would affect the overall compensation of sales team and performance. We will analyze Gross Profit % (GP%) from the data set and build a KPI that would help us in identifying months that have exceeded the Profit Target set by a parameter. This is where you can choose from six different data types. Right-click on the What-If parameter and select Show Parameter Control. All Rights Reserved. What If Analysis - The Tableau Community People of all skill levels can ask what-if questions and evaluate hypothetical scenarios by interacting with controls embedded into the dashboards. For this view, I have changed the colors of the measure names and placed the line for What-If Sales on top of actual sales by dragging What-If up in the Measure Names legend. Follow these steps to connect Tableau to TabPy: Open Tableau and create a new worksheet. At the end of the day, Bista has a great understanding of our business, and they were able to deliver projects timely, cost-effectively, and accurately. Quick What-If | Tableau Exchange For this view, we have changed the colors of the measure names and placed the line for what-if sales on top of actual sales by dragging what-if up in the Measure Names legend. Introduction Tableau Extensions - What-If-Analysis Billigence 236 subscribers Subscribe 4 1.7K views 3 years ago Billigence has developed a series of Extensions for Tableau. What If Analysis Scenario in Tableau - bistasolutions I would certainly recommend them to anybody whos looking for an Odoo implementation look at Bista theyre professional, theyre fast, theyre responsive, they know what theyre doing. Want to skip ahead? Time series analysis is a specific way of analyzing a sequence of data points collected over an interval of time. They have surpassed our expectations and delivered better results than any other technology company we have ever worked with., Michael Sturury General Manager, Maqabim Distributors, URL: https://www.bistasolutions.com/resources/videos/video/odoo-manufacturing-case-study-for-fabspeed-motorsports/, Odoo recommended Bista as the potential implementation partner. We started the project out with some trials of smaller project and were extremely satisfied with the results. There are some additional options available including the current value (which will be the default value the first time you use the parameter), allowable values, and within Range, minimum value, maximum value, and step size. Move through different perspectives quickly by slicing and dicing the data along as many dimensions as you want. [Overall experience working with Bista was] excellent and comfortable. And honestly, I would not be working with them at all if I did not like them or if they werent providing a service thats effective for me. In this what-if analysis we want to see whether GP% was achieved in a particular month or not. All rights reserved. If you need to do multiple joins, clean up field names, change data types, perform multiple pivots, or other sorts of involved data prep, consider using Tableau Prep Builder (Link opens in a new . First, create an empty set for each scenario (positive changes and negative changes, in this case). What if analysis : flexible parameter on "what if" calculation How much will I compensate the sales team if I increase the commission rate by 10%? Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Mr. Bandarkar has 10+ years of quota carrying technology sales and account management experience Mr. Bandarkar holds a Masters Degree in Project Management. I would, hundred percent, recommend the Bista team to other cannabis companies as a reliable partner in IT system development and support., Nik Martirosyan (CFO Marry Jane AG), URL: https://www.bistasolutions.com/resources/videos/video/tie-industrial-customer-testimonial-odoo-erp-industrial-automation-implementation-by-bista/, We selected Bista, originally, because we were really looking for a partner that we felt comfortable, [and] knew what they were doing. Also, setup a quick filter with single value list, Create a view like below with order date in row shelf and GP% in column shelf. To celebrate, were sharing a full-length chapter excerpt from the forthcoming. Attaching the Tableau workbook and the excel datasource. I want to thank Mr. Pradeep and his team for [their] ongoing support., Ralf Klinger Technical Field Service Manager, Also want to make a quick mention of the support team. I think the biggest change has been inventory accuracy. For our example, we enter the cell reference B3 for the changing interest rate in the Column Input Cell field. We have four primary people from Bista, but they get us more when we need them. Copyright 2023 Evolytics. By supporting both complex configuration and simple interactive modeling, Tableau serves both the data scientist and the end user. If you like the work we do and would like to work with us, drop us an email on our, Analytics Consultant | 3X Tableau Certified. Not only are the calculations performed for you, but the outcome gives you a structured table for easy analysis. For example, you might want to quickly see if sales for each country you distribute your merchandise to were above or below a certain threshold. So, they were very quick to respond to my query [] because I was on a very tight deadline. The best way to think of parameters is that they act as wildcards. What-if Analysis by BitBang_DIA. I got everything that I wanted out of it. Sign in with your username. Advanced Analytics in Tableau: A Comprehensive Guide - Hevo Data What-if Analysis | Tableau Public I cant count the hours of misery that Bista has saved me from., Michael Riettini (Managing Member and COO) Kerrville, TX, URL: https://www.bistasolutions.com/resources/videos/video/odoo-implementation-for-pinnacle-promotions-promotional-products-company/. By the end of this post, you will be able to create a what-if analysis for both a positive and negative scenario on the same chart. This post is curated content from the Evolytics staff, bringing you the most interesting news in data and analysis from around the web. He holds an MBA from the Warwick Business School and an MSC in Electrical Engineering from Lund University. Ryan has authored hundreds of written and video tutorials about Tableau engineering, design, and visual analytics strategy. Bista came on-site and spent the week with us and went through in detail every one of our business processes, generated a flow chart of our current state, and then worked with us to develop the flow chart of our future state which would be the ideal state. I wanted it up and running within a month. This post shows you how to use Tableau set controls to create a more dynamic and user-friendly scenario planning experience. TABLEAU TIPS: tableau what if analysisA "What-if" analysis is the process of changing the values of a parameter to see how those changes will affect the outc. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. When the value of a parameter changes, also the result of the view changes. The reason parameters are so powerful is that you or your end users can change the value of X from 8 to any number, which will change the results of a view. These cookies will be stored in your browser only with your consent. Get your hand on Parameters and the other new 6.0 features at one of our roadshows. Note that to show a set, the set must exist somewhere on the view or as part of a calculated field on the view. Logical Functions - Tableau You can enter your values in a column or row, but the placement affects where you should place your formula. Inaugural VizJam Takes on the Billboard Hot 100, Tableau Visionary Sean Miller joins Evolytics as Associate Director of Data Visualization. When you purchase through our links we may earn a commission. These cookies do not store any personal information. This category only includes cookies that ensures basic functionalities and security features of the website. 1) First you have to create a parameter. They had a good reputation and we had talked extensively with other people that had worked with Bista, so we felt comfortable starting out with them. A parameter is a dependent variable which means it does not do anything on its own. Weve grown together and learned a lot from each other over the last few months. Since Ive used both the Positive Set and Negative Set fields in the What-If Sales calculated field, Im able to show these set controls. 2) After that create a calculated field and use the parameter in the calculated field. The logical calculation might look something like this: SUM (Sales) > 1,000,000 This cookie is set by GDPR Cookie Consent plugin. You may want to add two variables to your data table for a more detailed analysis. what would happen if we were able to increase sales by 10%). You know, I had pretty high expectations and they met and exceeded, in some instances, all those all my expectations [and] overall did a great job. Bin locations, traceability, lot tracking, automation, certain degrees route optimization everything that I wanted to be a part of for the warehouse management side has been part of the warehouse management side. Senior Vice President of Product Marketing at Tableau, 2003-2023 Tableau Software, LLC, a Salesforce Company. As you can see, the math is checking out between the changes on the right side and the original values on the left side. Get the latest Tableau updates in your inbox. Digital Analytics Platform Implementation, This site uses cookies. 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