Big data visualization can benefit businesses of all sizes. Gathering and analyzing data can provide your team with useful insights for improving your products, personalizing the customer experience, and lifting a range of business metrics that ease growth. The problem is that raw data often comes in many datasets, unreadable forms, or unorganized silos, limiting its usefulness for organizations. Data visualization, like charts, infographics, and other graphics, can convert raw data into high-value insights for your team. And when you have the right tools, data visualization is a sleek process. Below, Start Motion Media discusses data visualization in more detail and provides practical tips for carry outing it in your organization.
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What Is Data Visualization?
Data visualization is essentially a method of presenting data through charts, graphs, and other graphics. Businesses and government organizations of all sizes use graphics in day-to-day operations. Your Company might use them to show customer growth, market sizes, sales information, and other factors.
The core value of data visualization is in the name: it makes data visible and accessible to anyone. You don't have to be a data analyst to understand the data your team has collected and prepared when you have graphics explaining it.
Data visualization is a relatively broad term for any technique that helps individuals or teams see and understand insights from a dataset. Data analysts sift through data and make charts, heat maps, and other graphics to highlight the most on-point information to the task or project.
In most cases, visualization is the definitive phase of data analysis. An analyst must conclude from the dataset for the graphics to make sense and help a team strategize. These graphics could show up in slideshows, in reports, on interactive websites, or via other channels.
Why Does Your Team Need Data Visualization?
Most data analysis occurs in a program that is likely not accessible to everyone on your team. You may be able to comprehend portions of a dataset in a spreadsheet or the overview of a programming script. But chances are you don't know how to locate the specific data you need. When the data is converted into a graphic, each team member can see the results and whether or not they played a role in the data analysis.
If your analyst or team leader wants to showcase key points and trends in a dataset, data visualization is the best approach. To point out, if your organization is monitoring conversions on your website, you could create a trend line on a graph to explain the general direction of the data.
All types of professionals can benefit from data. Each day, HR workers, data analysts, financial managers, accountants, sales representatives, and marketers employ data visualization to understand trends and make prescient decisions. The same goes for animated video production and animated motion graphics professionals. Remember that raw data is simply numbers. Visualization converts that data into something that anyone can read and comprehend.
The Most Significant Benefits of Data Visualization
As discussed, data visualization can benefit a wide reach of businesses. Here's how:
Deciding firmly upon Information
charts, graphs, maps, and other graphics allows analysts and team members alike to present and understand important information. A few examples we like are-, if your team is trying to gauge the impact of a new video release, you can use data visualization tools to create a clear presentation of your primary customers's response.
Making Better Decisions
The ability to visualize data can help your team make informed, intelligent decisions across all business areas. Whether it's insights into demographics, customer behavior, or any other metric, data visualization can help you mitigate risks and strategize for short- and long-term growth.
Identifying Dependencies and Correlations
All datasets contain correlations and dependencies that may not be obvious to the casual observer. Data visualization software helps managers and employees interpret necessary information and identify relationships and dependencies between elements (e.g., conditions, results, individuals, etc.).
Finding Patterns and Making Predictions
The best data analytics tools use advanced algorithms to identify patterns in datasets and present them in a visual form. Leaders and team members can analyze these patterns to make forecasts, find trends, and strategize for the subsequent time ahead.
Measuring Risks
Visualized data can help business leaders detect errors, identify threats, and measure and analyze risks. This applies to teams looking to minimize safety risks in the warehouse, companies strategizing for a new product release, and much more.
Creating Better Products or Services
If your company works in the entertainment or retail industries, you know how ahead-of-the-crowd those markets are. You all the time must discover to develop better products and services to stay ahead of the game.
This means you need to analyze customer feedback, gain insights on product or service usage, and respond quickly to arising issues. Data visualization can help your team comprehend and employ useful data in strategizing.
the Right Data Visualization Tools
At this point, you probably understand why data visualization is important for your business. But knowing the benefits won't do you much good if you don't have the right tools. Spend time researching data visualization systems and apps that can help your team have more success.
A few examples we like are-, a banner generator tool can help you quickly brand your data visualization in an attractive banner format to put on your website, social media pages, and email newsletters. Just select a template, customize it to fit your needs, and download the file to share on your platforms.
Here are some other data visualization tools to think about:
- Looker
- Google Analytics
- Zoho Analytics
- Klipfolio
- Qlik Sense
- Microsoft Power BI
- Tableau
- Domo
Data visualization can benefit virtually every area of your business operations, decision-making, and strategizing. Take the information and advice above and keep researching the power of data visualization.
Any time and energy you spend learning to carry out this practice in your organization can quickly pay off. Ensure you equip your team with data visualization tools that address company-specific concerns.
Would you like to read more helpful content or learn about our video marketing services? Visit StartMotionMedia.com today!