DATA VISUALIZATION

Before jumping into the term “Data Visualization”, let’s have a brief discussion on the term “Data Science” because these two terms are interrelated. But how? Let’s understand. So, in simple terms, “Data Science is the science of analyzing raw data using statistics and machine learning techniques with the purpose of drawing conclusions about that information“. But do you know what is?Data Science Pipeline??

Data visualization is very critical to market research where both numerical and categorical data can be visualized, which helps in an increase in the impact of insights and also helps in reducing the risk of analysis paralysis. So, data visualization is categorized into the following categories:

Let’s now discuss some of the Advantages of Data Visualization.

Advantages of Data Visualization

1. Better Agreement:?In business, for numerous periods, it happens that we need to look at the exhibitions of two components or two situations. A conventional methodology is to experience the massive information of both the circumstances and afterward examine it. This will clearly take a great deal of time.?

2. A Superior Method:?It can tackle the difficulty of placing the information of both perspectives into the pictorial structure. This will unquestionably give a superior comprehension of the circumstances. For instance, Google patterns assist us with understanding information identified with top ventures or inquiries in pictorial or graphical structures.?

3. Simple Sharing of Data:?With the representation of the information, organizations present another arrangement of correspondence. Rather than sharing the cumbersome information, sharing the visual data will draw in and pass on across the data which is more absorbable.?

4. Deals Investigation:?With the assistance of information representation, a salesman can, without much of a stretch, comprehend the business chart of items. With information perception instruments like warmth maps, he will have the option to comprehend the causes that are pushing the business numbers up just as the reasons that are debasing the business numbers.?Information representation helps in understanding the patterns and furthermore, different variables like sorts of clients keen on purchasing, rehash clients, the impact of topography, and so forth.?

5. Discovering Relations Between Occasions:?A business is influenced by a lot of elements. Finding a relationship between these elements or occasions encourages chiefs to comprehend the issues identified with their business.?For instance, the online business market is anything but another thing today. Each time during certain happy seasons, like Christmas or Thanksgiving, the diagrams of online organizations go up. Along these lines, state if an online organization is doing a normal $1 million business in a specific quarter and the business ascends straightaway, at that point they can rapidly discover the occasions compared to it.?

6. Investigating Openings and Patterns:?With the huge loads of information present, business chiefs can discover the profundity of information in regard to the patterns and openings around them. Utilizing information representation, the specialists can discover examples of the conduct of their clients, subsequently preparing for them to investigate patterns and open doors for business.?

Disadvantages of data visualization?

1. Can be time-consuming:?Creating visualizations can be a time-consuming process, especially when dealing with large and complex datasets. This can slow down the machine learning workflow and reduce productivity.
2. Can be misleading:?While data visualization can help identify patterns and relationships in data, it can also be misleading if not done correctly. Visualizations can create the impression of patterns or trends that may not actually exist, leading to incorrect conclusions and poor decision-making.
3. Can be difficult to interpret:?Some types of visualizations, such as those that involve 3D or interactive elements, can be difficult to interpret and understand. This can lead to confusion and misinterpretation of the data.
4. May not be suitable for all types of data:?Certain types of data, such as text or audio data, may not lend themselves well to visualization. In these cases, alternative methods of analysis may be more appropriate.
5. May not be accessible to all users:?Some users may have visual impairments or other disabilities that make it difficult or impossible for them to interpret visualizations. In these cases, alternative methods of presenting data may be necessary to ensure accessibility.

Now the most important question arises.?Why is Data Visualization So Important?

Why is Data Visualization Important?

Let’s take an example. Suppose you compile a data visualization of the company’s profits from 2010 to 2020 and create a line chart. It would be very easy to see the line going constantly up with a drop in just 2018. So you can observe in a second that the company has had continuous profits in all the years except a loss in 2018. It would not be that easy to get this information so fast from a data table. This is just one demonstration of the usefulness of data visualization. Let’s see some more reasons why data visualization is so important.

1. Data Visualization Discovers the Trends in Data

The most important thing that data visualization does is discover the trends in data. After all, it is much easier to observe data trends when all the data is laid out in front of you in a visual form as compared to data in a table. For example, the screenshot below on Tableau demonstrates the sum of sales made by each customer in descending order. However, the color red denotes loss while grey denotes profits. So it is very easy to observe from this visualization that even though some customers may have huge sales, they are still at a loss. This would be very difficult to observe from a table.

Data Visualization provides a perspective on data by showing its meaning in the larger scheme of things. It demonstrates how particular data references stand with respect to the overall data picture. In the data visualization below, the data between sales and profit provides a data perspective with respect to these two measures. It also demonstrates that there are very few sales above 12K and higher sales do not necessarily mean a higher profit.

3. Data Visualization Puts the Data into the Correct Context

It is very difficult to understand the context of the data with data visualization. Since context provides the whole circumstances of the data, it is very difficult to grasp by just reading numbers in a table. In the below data visualization on Tableau, a TreeMap is used to demonstrate the number of sales in each region of the United States. It is very easy to understand from this data visualization that California has the largest number of sales out of the total number since the rectangle for California is the largest. But this information is not easy to understand outside of context without data visualization.