How Do You Turn Data into Decisions? 5 Key Visualizations for Every Business

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In today’s fast-paced business environment, data insights are crucial for decision-making.

Curious about how to turn complex data into actionable strategies? This newsletter presents five visualizations that illuminate your business data and help you along the path to making the right decision. They not only enhance your understanding of critical business metrics but also save you valuable time by simplifying data analysis. Read on to see how these visuals can inform and elevate your business operations!

5 Key Charts to Enhance Your Business Decisions

1. Radar charts

• Why this chart type: Radar charts make analyzing multivariate data much easier.
• Example: In this Defect Management Dashboard , the radar chart allows project managers to quickly grasp the relative quantities of resolved and unresolved defects and their severity levels. This helps them quickly determine whether more resources are needed to resolve outstanding issues.

2. Column charts

• Why this chart type: Column charts effectively visualize data across categories, time, or both, helping users make instant comparisons and identify trends.
• Example: The Scope Changes column chart in the Sprint Management Dashboard shows the changes in project scope over five sprints due to evolving requirements. Monitoring these changes helps keep projects on track.

3. Funnel charts

• Why this chart type: Funnel charts show changes in data at each stage of a process. They are often used for visualizing sales pipelines.
• Example: The funnel chart in the Pipedrive Sales Activities Dashboard helps sales managers identify where potential customers drop off and where improvements can be made in the sales process.

4. Tree maps

• Why this chart type: Tree maps effectively display hierarchical data, making it easy to drill down into business data from a high-level overview.
• Example: The tree map in the Business Survey Analysis Dashboard breaks down product usage frequency by age group, highlighting usage patterns and preferences that can be leveraged for targeted marketing and product improvements.

5. 100% stacked area charts

• Why this chart type: 100% stacked area charts are ideal for showing variables’ contributions to a total.
• Example: The 100% stacked area chart in the Telecom Management Dashboard shows network utilization by subscriber plan over the last 6 months. This visualization helps the provider identify usage patterns and optimize resources for efficient service delivery.

More charts! More dashboards! Deeper insights!

?? Read our blog to learn about more visualization types and their uses in specific industries and domains.

To see more powerful visualizations that you can use in your business operations, check out these demo dashboards:

???Financial Management Dashboard | Bold BI

?? Stock Share Analysis Dashboard | Bold BI

???Sales Analysis Dashboard | Bold BI

???Portfolio Risk Management Dashboard | Bold BI

Ready to take the next step?

?? Sign up for a free 15-day trial of Bold BI today to start creating your own interactive business dashboards filled with effective, dynamic visualizations.

If you’re already a Bold BI user, share your thoughts on G2: bit.ly/3YzUx5N .

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