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Data visualization software is a programme that allows you to convert raw data into graphical formats that are easy to grasp. Different data visualization software on the market focuses on other forms of data visualization. BI & Reporting software, for example, is skilled at presenting data in the form of dashboards and reports.
Advantages of Data Visualization Software
- Data is processed faster.
Visual content is processed considerably more quickly and efficiently than text. According to researchers at the University of Pennsylvania School of Medicine, the human retina can transport stimuli at about 10 million bits per second.
The concept of data visualization is based on how rapidly our brains can recognize and understand visuals.
- Supports visual learning
Data visualization and online tools aid in understanding the information presented rapidly.
Modern technology has changed data from generic spreadsheets into beautiful and easy-to-read charts and graphs, ushering us past the spreadsheet era. Online data visualization is a tool for visually presenting data and extracting insights.The ability to swiftly grasp the firm's pulse will assist everyone, from salespeople to CEOs.
- Highlight ideas, causes, and patterns that typical reports might miss
Getting everyone in the firm to look at the dashboard reports and data visualization will help you better understand your company. Data visualization makes identifying causes and trends much more accessible. Therefore, it appears to be a waste of effort to convey complicated data concepts using words on a page. Instead, leaders can comprehend and act on helpful information more rapidly by examining data analysis using digestible images (in whatever form they may take) and altering that data to identify it quickly.
- It gives actionable items
Data visualization may help your company determine where it needs to improve and where it is performing well. Identifying successes and opportunities for improvement can lead to actionable actions.
If your sales staff knows that every X number of calls results in Y number of sales, for example, creating a visual report based on calls per sales person and progress toward the call objective provides a visual motivation to fulfill the call quota. Similarly, a pipeline report that illustrates where each offer is in the sales funnel informs salespeople about the next steps to take.
- It increases your productivity and sales
The ability to visualize data yields tangible results. The time saved in preparing up-to-date reports translates to increased efficiency throughout the firm. According to an Aberdeen Group analysis, firms that employ visual data discovery tools are 28 percent more likely than those who rely only on managed reporting and dashboards to uncover timely information. According to the study, 48 percent of business intelligence users at organizations using visual data discovery are able to access information they need all or most of the time without the assistance of IT professionals.
Organizations that use data visualization experience a positive impact on their bottom line. Only 26% of respondents' enterprises used data visualization in a survey of global businesses.
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