5 Megatrends Fueling the Rise of Data Storytelling
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Infographic: The Rise of Data Storytelling
Humanity is creating more data than ever before, and more of that data is publicly accessible.
While “data is the new oil” has almost become a cliché, the impact that data abundance is having on the world is undeniable. All of the world’s most valuable companies are heavily reliant on data for their continued success. Even oil giant Saudi Aramco, the world’s most valuable company, runs a 6,000 m² data center, and is partnering with Google Cloud.
In a world where nearly everything is quantified, communicating insights from that data becomes a massive opportunity. This is where data storytelling comes in. In simple terms, it’s the difference between simply making a chart, and actually explaining what it means, why it’s important, and how it fits into the broader context. This style of data-driven communication is cropping up everywhere, from newsrooms to corporate communications.
Here, we examine five megatrends fueling the rise of data storytelling.
① Information Overload
It’s estimated that between 2015 and 2025, the world will see a 16-fold increase in data.
- The bad news: The rising tide of information is growing faster than our ability to harness it
- The good news: This growing universe of data holds the promise of more insight, if properly utilized
Thankfully, data storytelling is an emerging field that thrives on information abundance.