Data visualization is the presentation of data in a pictorial or
graphical format. It enables decision makers to see analytics
presented visually, so they can grasp difficult concepts or
identify new patterns. With interactive visualization, you can take
the concept a step further by using technology to drill down into
charts and graphs for more detail, interactively changing what data
you see and how it’s processed.
Visual displays help in the presentation of inferences and
conclusions and represent ways of organizing, summarizing,
simplifying, or transforming data. Data displays such as matrices
and networks are often utilized to enhance data analysis and are
more commonly seen in quantitative than in qualitative studies.
Data visualization can also:
- Identify areas that need attention or improvement.
- Clarify which factors influence customer behavior.
- Help you understand which products to place where.
- Predict sales volumes
Examples:
- Pie-Chart can be used to plot the way I spend my time in a
day.
- Scatter Plot can be used to check the relation between
temperature and no. of ice-cream customers.
- Line graphs are used to track changes over short and long
periods of time. When smaller changes exist, line graphs are better
to use than bar graphs. Line graphs can also be used to compare
changes over the same period of time for more than one group.
Example: a finance department may plot the change in the amount of
cash the company has on hand over time.
- Area graphs are very similar to line graphs. They can be used
to track changes over time for one or more groups. Area graphs are
good to use when you are tracking the changes in two or more
related groups that make up one whole category. Example: In the
area chart of the exam scores, you can see that the scores are
generally increasing over time even without knowing the exact
scores on any single exam.