The 2016 Presidential election has revealed, in part the dramatically different plights and outlooks of Americans. I believe these differences are rooted in social-economic realities that are not obvious to many of us living in prosperous bubbles. I have assembled a set of maps and graphs that help us understand these drastic differences. In the world of analytics, data visualization is a critical capability in relating a story. These maps and graphs tell the story of two (or more) Americas. Let the pictures tell the story:
3. The growing and shrinking of our population by location
4. Median Household Income
5. County Level GDP Growth Rate
6. Poverty Levels
7. The Local 1%
8. Diversity (Racial and Ethnic)
9. Real Median Income on Par with 1995
10. Income Growth with and without College Degrees (as presented by Microsoft CEO Sayta Nadella)
The graphs and data suggest different outlooks based on where you live, whether you went to college, and certainly your level of economic prosperity. Big Data and Analytics can help us explore these realities and Data Visualization can help us with the story telling. There is a great deal to do in making all Americans prosperous.
Explore these lessons and more in our upcoming executive program in San Francisco: Big Data to Big Profits: Strategies for Monetizing Social, Mobile, and Digital Data with Data Science in Evanston, IL on June 15-16, 2017. A limited number of slots are still available.
About Russell Walker, Ph.D.
Professor Russell Walker helps companies develop strategies to manage risk and harness value through analytics and Big Data. He is Clinical Professor of Managerial Economics and Decision Sciences at the Kellogg School of Management of Northwestern University. He has worked with many professional sports teams and leading marketing organizations through the Analytical Consulting Lab, an experiential class that he founded and leads at Kellogg.
His most recent book, From Big Data to Big Profits: Success with Data and Analytics is published by Oxford University Press (2015), which explores how firms can best monetize Big Data through digital strategies. He is the author of the text Winning with Risk Management (World Scientific Publishing, 2013), which examines the principles and practice of risk management through business case studies.
Analytics, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Visualization, Digital Economy, Economic Sciences, GDP, Location Based Services, Median Income, Microsoft, Real Estate Prices, Risk Management, Unemployment, Value of a College Degree