#datamustread: How to Master Your Data Journey

From ideas to dashboards: The essential books for mastering your Data Journey, featuring 'Info We Trust', 'Visual Analytics with Tableau', and 'The Big Book of Dashboards'.
From ideas to dashboards: The essential books for mastering your Data Journey, featuring ‚Info We Trust‘, ‚Visual Analytics with Tableau‘, and ‚The Big Book of Dashboards‘.

Today, data is at the core of everything we do, but the journey to mastering it can be overwhelming. Last year I started lecturing a Data Analytics course at university (as part of an MBA program). In the meanwhile, I was refining the list of books that I highly recommend to read. Three of these books form the Data Journey!

The Data Journey: A Human-Focused Approach to Data Storytelling

The Data Journey is not just about numbers; it’s about understanding the evolution of data, the power of visualization, and how it all connects to real-world business. Here are the books that will guide you on this path:

1. Info We Trust: How to Inspire the World with Data

Begin your Data Journey with a deep dive into data storytelling. Info We Trust explores data lifecycle across disciplines, with inspiring references and hand-drawn illustrations. It’s a must-read for anyone serious about data communication.

This book examines all parts of the data storytelling lifecycle across disciplines. The use of marginalia and hand-drawn illustrations give you both simple lessons to take away and insights into where to find out more. The book is full of magnificent references that inspire further reading.

2. Visual Analytics with Tableau

Ready for hands-on experience? My book, Visual Analytics with Tableau, provides a step-by-step guide to mastering Tableau, from basic chart creation to advanced statistical modeling. With Tableau available for free to students, there’s no reason not to dive in!

Visual Analytics with Tableau covers everything you need to get started with Tableau (students get Tableau for free!). The book guides you from the first steps of connecting to data, creating different types of charts, and adding calculation fields to more advanced features such as table calculations, forecasts, and clusters, as well as R, Python, and MATLAB integration for sophisticated statistical modeling.

3. The Big Book of Dashboards: Visualizing Your Data Using Real-World Business Scenarios

Back to business (as this course is designed for an MBA program). We close our Data Journey canon with The Big Book of Dashboards. This is a comprehensive reference book with real-world solutions for business dashboards and a detailed analysis of do’s and don’ts.

This comprehensive reference book offers real-world solutions for business dashboards. It’s a practical guide to understanding do’s and don’ts in data visualization, categorized by industry and functional business areas.

Need More Inspiration for Mastering Data Journey? #MakeoverMonday: Improving How We Visualize and Analyze Data, One Chart at a Time

Because vizzing alone is only half the fun, you should not miss the #MakeoverMonday book. Eva Murray and Andy Kriebel are icons in the data visualization community (read the interview!) and they have curated the thousands of visualizations from the #MakeoverMonday project into a practical guide that will take your design and data communication skills to the next level!

The #MakeoverMonday book by Eva Murray and Andy Kriebel is a treasure trove of data visualization insights. It’s a practical guide to enhancing your design and communication skills.

Join the Conversation: Your Recommendations for the #DataJourney

Interested in more insights on data visualization, analytics, and Tableau? Follow me on Twitter and LinkedIn, and let’s continue learning together. And don’t forget to check out my book Visual Analytics with Tableau to take your data journey to the next level!

What other books have inspired you on your data journey? Share your favorite data books in the blog post comments or reply to this tweet:

How to Diversify a Long-term Crypto Portfolio

Close-up of a golden Bitcoin, representing digital currency and its role in building a diversified crypto portfolio for long-term investments.
Bitcoin coin symbolizing cryptocurrency investments and crypto portfolio strategies.

Last Friday, it was my pleasure to give an Executive Talk at the Frankfurt School of Finance & Management. While the focus of my presentation was Digital Transformation, plenty of the questions raised by the audience were about cryptocurrencies and how to build a diversified crypto portfolio.

Frankfurt School (@FrankfurtSchool) highlighted the session on Twitter, noting: „Our #FSEMBA students are especially interested in the use cases of today’s Executive Talk.

After receiving follow-up emails from participants seeking guidance, I decided to expand on the topic in this blog post. For additional insights into blockchain and artificial intelligence trends, I recommend reading my related post: Digital Banking: The Opportunities of Blockchain, AI, and Machine Learning.

Why Invest in Cryptocurrencies?

The cryptocurrency market has shown explosive growth, with returns exceeding 1200% since early 2017. Finding this kind of return on investment (ROI) elsewhere is challenging. For example, a $500 investment in January 2017 could have grown to $6000 within a year!

This guide provides a framework for building a long-term cryptocurrency portfolio based on diversification and risk management principles.

Crypto Portfolio Allocation Strategy

I recommend balancing your portfolio with up to five coins in the Top 10 market cap, making up 70-85% of your investment, and complementing it with smaller altcoins in promising projects for the remaining 15-30%. This mirrors Timothy Chong’s analysis of Markowitz-style crypto optimization.

Top Cryptocurrencies for Long-term Investment

Bitcoin (40%)

Bitcoin (BTC) remains the foundation of most crypto portfolios, often referred to as „digital gold.“ It is considered a safer long-term investment due to its market dominance and steady growth.

  • Price (as of time of writing): $16,708
  • Gain Over Past Year: 2,170%
  • Market Cap: $278 B (#1)
  • Circulating Supply: 16,734,237 BTC

Ethereum (30%)

Ethereum (ETH) is the leading platform for decentralized applications (dApps) and smart contracts, driving significant innovation in decentralized finance (DeFi).

  • Price (as of time of writing): $470
  • Gain Over Past Year: 5740%
  • Market Cap: $45 B (#2)
  • Circulating Supply: 96,272,074 ETH

Litecoin (10%)

Litecoin (LTC) is often referred to as the „silver“ to Bitcoin’s „gold.“ Its faster block generation time (2.5 minutes) and lower transaction fees make it ideal for payments.

  • Price (as of time of writing): $170
  • Gain Over Past Year: 4690%
  • Market Cap: $10 B (#5)
  • Circulating Supply: 54,255,483 LTC

Ripple (10%)

Ripple (XRP) focuses on enabling fast and low-cost international money transfers. It has gained traction among financial institutions for cross-border payments.

  • Price (as of time of writing): $0.25
  • Gain Over Past Year: 3500%
  • Market Cap: $9.6 B (#4)
  • Circulating Supply: 38,739,144,847 XRP

Monero (10%)

Monero (XMR) is a privacy-focused cryptocurrency that uses advanced cryptography to ensure transaction anonymity. It has become a go-to option for users seeking privacy.

  • Price (as of time of writing): $264
  • Gain Over Past Year: 3370%
  • Market Cap: $4 B (#9)
  • Circulating Supply: 15,449,232 XMR

Outlook

As cryptocurrencies continue to evolve, they are likely to become the backbone of decentralized economies. Technologies like smart contracts and blockchain interoperability will pave the way for a seamless global financial ecosystem. In the next decade, we may see tokenized assets replacing traditional stocks and bonds, making financial services more accessible worldwide.

Additionally, privacy-focused coins like Monero will grow in importance as regulators impose stricter oversight, driving demand for anonymous transactions.

Quantum-resistant blockchains could also emerge as a critical innovation, securing cryptocurrencies against future quantum computing threats. The integration of artificial intelligence in blockchain governance may further revolutionize decision-making processes in decentralized networks.

FAQs About Crypto Portfolios

Q: Isn’t it too late to start buying cryptocurrencies now?
A: No. With growing adoption, Bitcoin could still reach 100,000 EUR/BTC and beyond in the coming years.

Q: Where can I buy Bitcoin, Ethereum, and other coins?
A: Coinbase and Binance are popular exchanges for buying and selling cryptocurrencies. Sign up on Coinbase now and receive $10 in BTC!

Q: How can I securely store my cryptocurrencies?
A: Use hardware wallets like the Ledger Nano S or create paper wallets for offline storage.

Final Thoughts on Building a Crypto Portfolio

Building a diversified cryptocurrency portfolio requires careful planning and research. The examples shared in this guide highlight promising projects and balanced strategies to help manage risks.

I welcome your thoughts and questions in the comments or on Twitter:



Disclaimer: This blog post is for informational purposes only and does not constitute investment advice.