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Identify the key patterns and relations: When the data, presented graphically, whatever the amount of data it may be, makes more sense to the users. Users will be able to identify highly correlated parameters that aren’t obvious. Identifying any relationship between data points can help in focusing on areas that are most likely to influence business goals. 3. Exploring emerging trends: Both in the business and the market, using data visualization to discover trends can give businesses an edge over the competition, and ultimately affect the bottom line. It is easy to spot outliers that affect product quality or customer churn, and address issues before they become complex problems. 4. Change the way of data delivery and communication: After uncovering the hidden insights under the data, the next step is to communicate it to the latter. Using charts, graphs, and other visually impactful representations of data is Important because they are appealing and gets the message across quickly. Laying the groundwork for data visualization Before implementing it, there are some steps you need to take. You need to have a solid grasp of the data and a better understanding of your goals, needs, and audience. Preparing your organization for data visualization technology requires: Good understanding of the data which you are trying to visualize with its size and cardinality. Determine what you aim to visualize and what type of information you want to communicate. Choose a visual that conveys the information in the best and simplest form for your audience. Data visualization use cases Common use cases for data visualization include: Sales and Marketing: With online advertising on the rise, marketing teams must pay close attention to their sources of web traffic and how their web properties generate revenue. In this case, Data visualization makes it easy to see traffic trends over time as a result of marketing efforts. Healthcare: Choropleth maps are frequently used by healthcare professionals to visualize health data. It displays divided geographical areas or regions where each region has a different color with a numeric variable. Those maps allow professionals to see how a variable, such as the mortality rate of heart disease, changes across specific territories. Finance: While choosing to buy or sell an asset, finance professionals must track the performance of their investment decisions. Candlestick charts are used as trading tools and help finance professionals analyze price movements over time, displaying important information, such as securities, derivatives, currencies, stocks, bonds, and commodities. Data analysts and finance professionals can detect trends by analyzing how the price has changed over time. Available Tools: Many tools provide sophisticated abilities to visualize data. There is tough competition among data visualization tools in the market. Examples include: IBM Cognos Analytics Qlik Sense and QlikView Microsoft Power BI Oracle Visual Analyzer SAP Lumira SAS Visual Analytics Tibco Spotfire Zoho Analytics D3.js Jupyter MicroStrategy Google Charts About Technovert: Technovert offers comprehensive Data Analytics consulting services inclusive of Power BI solutions, Data Visualization, Dashboard Design & Development along with DBA support services. Gain a competitive edge in the market by leveraging valuable and business-critical insights with the help of BI. Contact us or schedule a meeting with our data visualization experts now.

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