Could heatcubes be a new way of visualising risk? And what are they anyway?
Diego López Yse, who is responsible for ERM at Bayer for the Southern Cone region, explains his concept in a paper we can share with IRM members for the first time.
Heatcubes are modified bi-dimensional heat maps.
“The problem with bi-dimensional heat maps is that they are limited and lack of the benefits needed for a proper analysis and visualization of data,” writes Yse. “They can be misleading for decision making, usually providing out-of-date information.”
Heatcubes integrate data visualization and multivariate analysis. Read the full paper here.
Disclaimer: IRM does not officially endorse this model but is happy to publish the paper as a way of sharing knowledge and promoting discussion and debate.