Charts offer a unique visualization tool that businesses and consumers alike rely on to make decisions. The truth is there are a number of different charts and tools that users can roll out to make sense of data. Depending on the kind of analysis you are conducting, selecting an appropriate chart tool can take on a number of different forms.
Selecting a chart that makes the most sense for your needs is a crucial task for any analysis project. With these three great chart options, finding a tool that serves your purpose is simple and can transform your approach to data analysis. Continue reading to learn about three great charts and when you should use them.
1. Scatter plots offer data on relationships and trends.
A scatter plot graph is great for showing the relationship between two variables. These are incredibly powerful for those looking to plot a long-term trend over the course of time, or another variable. Like a line graph, bar graph, or other two-axis chart varieties, a scatter plot offers a visualization approach that helps users understand relationships between two competing variables. This can take the form of any number of different options. For instance, a business might deploy a scatter plot in an effort to understand the number of purchases made at a variety of different price points. This can help a brand understand the relationship between raised or lowered prices and consumer interest in the product itself.
2. Geographical charts are great for understanding physical information.
A geographical chart is a great tool for visualizing data that exists across the space of our physical world. Geographical data is crucial in understanding a number of unique circumstances that play a role in the way in which people interact with one another. Geographical charts often utilize color gradients, heat mapping, and other visual elements that help users understand the physical context of the data being represented.
Some common uses for geographical charts exist in population mapping, elevation data, and dispersal of brand assets and other similar elements. For example, one instance in which a geographical chart might be of particular value is for families moving into a new home. A family will be looking for a property that offers easy access to local amenities, reasonable commute times, and great schools in the area. A map of schools that utilizes both physical location data and ratings from local authorities can be immensely useful to families seeking a new home in a community they are unfamiliar with. This is a great way to understand some of the key resources that a new location has to offer.
3. Gantt charts can help businesses maintain continuity of vision throughout the span of a project.
Another excellent chart type is the Gantt chart. Gantt charts are great for business leaders who are seeking an easy-to-use solution for project management and task allocation. In the modern world, businesses have been upended by the coronavirus pandemic. With workforces scattered across the community rather than centralized in an office setting, business teams have had to resort to unique digital connectivity measures and additional productivity plugins in order to maintain momentum and essential functionality in the market.
Gantt charts provide an easy means of visualizing tasks along a timeline for the larger project. Project management tasks are made far easier with the help of colors and labels included in this data visualization tool. Gantt charts provide team members with a simplified approach to understanding their role in the larger picture while helping them to work as a cohesive unit toward team goals, no matter where they are located.
Consider these three great chart types for a streamlined process in your own workspace.