Data Visualization and Chart Types
Reporting :
Process of organizing data into informational summaries.
- Reporting shows what has happened.
- Analysis focusses on explaining why it has happened and what you can do about it.
Business Intelligence :
Refers to the technologies, applications, practices for the collection, integration, analysis and presentation of business information.
BI systems provide historical, current, and predictive views of business operations.
Benefits -
- Identify ways to increase profit
- Analyse customer behaviour
- Compare data with the competitors
- Track performance
- Optimize operations
- Predict success
- Spot market trends
Data Visualization :
- Example BI tools - Power BI, Tableau
- Graphical representation of information and data
- Visual elements like graph, chart, maps used
- Data visualization tools enable to spot and understand outliers, trends and patterns in data
- Common forms of visualization - Bar and columns charts, Treemap, Scatter , Line charts, Matrix, Key influencers, Filled map
Bar and columns charts
Line charts
Matrix
Key Influencers
Different types of charts for further reading
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