Three-Dimensional Decision Making: How Ternary Charts Reveal Hidden Patterns in Sports and Business
James Eselgroth, MS, PMP, CSM
Data, Analytics, AI, GenAI, Innovation, & Technology Executive | Turns Strategy into Reality | Data->Actions->Outcomes | USAF Veteran
The Data Visualization Dilemma
Imagine you're an NFL scout at the Combine, tasked with evaluating the next generation of football talent. You have a wealth of data at your fingertips—40-yard dash times, bench press repetitions, body mass index—but how do you make sense of it all? How do you visualize the complex interplay between speed, strength, and size that defines an elite athlete?
Or perhaps you're a marketing analyst, poring over customer data from your latest rewards program. You want to understand how reward value, offer difficulty, and time to completion influence customer engagement. But scatter plots and bar charts just aren't cutting it.
Enter the ternary chart—a powerful visualization tool that's about to change the way you look at data.
What are Ternary Charts?
Ternary charts, also known as triangle plots or simplex plots, are a unique way to visualize the relationship between three variables. Imagine a triangle where each corner represents 100% of one variable and 0% of the other two. Any point within this triangle represents a combination of all three variables, always summing to 100%.
Traditionally used in fields like chemistry and geology to show compositions[1], ternary charts are now finding applications in diverse areas, from sports analytics to marketing strategy.
Ternary Charts in Action: The NFL Combine
Let's dive into our first example: the NFL Combine. This high-stakes event is where college football players showcase their physical abilities for NFL scouts. Adam McCann's blog post "NFL Combine & Triangle/Ternary Plot"[2] brilliantly demonstrates how ternary charts can revolutionize talent evaluation.
How to Read This Chart
This visualization allows scouts (or even fantasy football teams) to quickly identify players who fit specific profiles or stand out as unique talents. It transforms raw data into actionable insights, potentially influencing draft strategies and team composition.
From the Gridiron to the Marketplace: Customer Segmentation
Now, let's shift gears from sports to marketing. The principles that make ternary charts valuable for evaluating athletes apply equally well to understanding customer behavior.
Consider a rewards program where we're analyzing three factors: reward value, offer difficulty, and time to completion. A ternary chart can reveal fascinating patterns in customer engagement.
?Decoding Customer Motivations
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Actionable Insights
Armed with these insights, marketers can tailor their strategies:
The Power and Versatility of Ternary Charts
Ternary charts offer several key benefits:
Beyond sports and marketing, ternary charts find applications in various fields:
Conclusion: A New Dimension in Data Visualization
In the era of big data, tools like ternary charts are invaluable for extracting actionable insights. Whether you're scouting the next NFL superstar or fine-tuning your marketing strategy, ternary charts offer a powerful lens for exploring multi-dimensional relationships.
We've only scratched the surface of what's possible with ternary charts. As you begin to apply this tool to your own data challenges, you'll likely discover new insights and applications. So why not give it a try? Your next big discovery could be hiding in the corners of a triangle.
Learn More
Ready to dive deeper into the world of ternary charts? Check out these resources:
Examples in Sports and Entertainment
Marketing, Business, and Zoology Applications
Tutorials and How-To Guides
Explore these resources, and you'll be creating insightful ternary charts in no time. Happy visualizing!
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1 个月James, thanks for sharing!
Ternary charts are a game-changer for visualizing complex data! They really simplify understanding how multiple variables interact. If you’re dealing with intricate data sets, they might just be the tool you need. For anyone looking to protect their innovative ideas while exploring new data tools, consider ensuring your IP is well-protected. Feel free to reach out to PatentPC for guidance on safeguarding your next big breakthrough!
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2 个月Great work Jim. The ternary chart is intuitive. This approach could be used with higher dimensional polygons, too.