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Synopsis

As we visualize data, it helps spark new ideas. But over 63% of time spent developing visual presentations is wasted just to design graphs and finalize their layouts. Save your most precious resource with our Charts Collection (Part 2), which includes pre-designed charts, graphs, data maps, and visualizations that are easy to use, fully customizable, and ready to tell your story.

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25 questions and answers
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Some future trends in the field of data visualization and presentation could include the increased use of AI and machine learning to automate the creation of visualizations, the development of more interactive and immersive visualizations through technologies like VR and AR, and the rise of data storytelling where data is presented in a narrative format to make it more engaging and understandable. There might also be a greater emphasis on real-time data visualization as the demand for up-to-the-minute information grows.

The use of pre-designed charts and graphs can significantly influence the audience's perception of the presented data. They provide a visual representation of data, making it easier for the audience to understand complex information. They can highlight trends, patterns, and outliers, making the data more digestible. Moreover, well-designed charts and graphs can enhance the credibility of the presentation, as they show a level of professionalism and attention to detail. However, it's important to choose the right type of chart or graph that accurately represents the data, to avoid misleading the audience.

Some effective strategies for telling a story through visual presentations include using pre-designed charts, graphs, data maps, and visualizations that are easy to use and fully customizable. It's also important to ensure that the visuals are relevant to the story you're telling and that they help to enhance the narrative rather than distract from it. Additionally, spending time on designing and finalizing the layout of your presentation can help to make it more engaging and effective.

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Slide highlights

Use this Regional Revenue Growth chart to break down revenue goals by locations or markets across multiple years. Chart revenues across existing products, those in development, and those not yet developed.

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Highlight milestones with this Monthly Numbers chart. Track metrics across quarters and add optional quarterly goals to visualize how a focus on certain activities influences your revenue data.

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Compare strengths and weaknesses between product features with this Product Comparison chart. Visualize data from customer surveys and overlay two or three products to weigh them against each other.

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25 questions and answers
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There are several ways to visualize and compare business metrics. Some of them include using a dashboard to display key performance indicators (KPIs), using a scatter plot to compare two variables, using a bar chart to compare different categories, using a line chart to show trends over time, using a pie chart to show proportions, and using a heat map to show patterns or correlations. Additionally, you can use a histogram to show frequency distributions, a box plot to show the distribution of data, and a bubble chart to compare three variables.

These charts can be used to influence business strategy in several ways. The Regional Revenue Growth chart can be used to set and track revenue goals across different locations or markets, which can help in making strategic decisions about where to focus resources. The Monthly Numbers chart can be used to track metrics and set quarterly goals, which can provide insights into how focusing on certain activities influences revenue. The Product Comparison chart can be used to compare the strengths and weaknesses of different product features, which can inform product development and marketing strategies.

There are several ways to visualize and track business goals. One can use a Balanced Scorecard which is a strategic planning and management system used to align business activities to the vision and strategy of the organization. Another method is using Key Performance Indicators (KPIs) which are measurable values that demonstrate how effectively a company is achieving key business objectives. Businesses use KPIs at multiple levels to evaluate their success at reaching targets. Also, one can use a Gantt chart which is a type of bar chart that illustrates a project schedule. Gantt charts illustrate the start and finish dates of the terminal elements and summary elements of a project.

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Outcome

Our brains process visual information 60,000 times faster than text. The average meeting length shrank to 30 minutes or less in 2020. Quick-to-the-point data visualization is more important than ever to communicate ideas efficiently.

Better data visualization also helps the story of your business more engaging and persuasive. This helps your team to understand and identify trends faster, empowers quick decisions in response to patterns, capitalize on successes, or reinvent yourself fast to improve or change course.

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Application

Here are a few suggested uses for the Charts as part of this collection. As always, you can customize these uses and tailor these slides in any way to present your own numbers.

  • Competitive analysis: compare your company's revenue, new subscribers and average customers to your competition. Visualizes the competitive landscape and analyze your rival's gross revenue by quarter to your own.
  • Department and product advantages: Correlate department success across key activities and measure contributions to its overall success. Contrast product advantages with simple visual analysis.
  • User feedback: Survey users and visualize key discoveries to learn how your customers perceive your products and services.
  • Customer distribution: Discover customer demographics with sales data to visualize your key markets.
  • Revenue: Track revenue across new accounts, projects, or partnerships. Track margins across products and compare revenues across years to discover the most significant growth increases and revenue drops.
  • Treemap: Compare relationships between business ventures in a branched hierarchy and visualize ratios by scale.
  • Option Comparison: Weigh potential business moves and the cost of those actions to optimize how you make decisions.
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Some other ways to visualize ratios by scale include using bar graphs, pie charts, scatter plots, and line graphs. These visualizations can help to compare different data points and understand the relationship between them. For example, a bar graph can be used to compare the ratios of different categories, a pie chart can show the proportion of each category in a whole, a scatter plot can show the correlation between two variables, and a line graph can show the trend of a variable over time.

Ratios can be visualized by scale using various methods. One common method is using a treemap. A treemap is a type of diagram that displays hierarchical data as a set of nested rectangles. Each branch of the tree is given a rectangle, which is then tiled with smaller rectangles representing sub-branches. The size of the rectangles can be proportional to a specific dimension of the data, effectively visualizing the ratios by scale.

You can discover the most significant growth increases and revenue drops by tracking revenue across new accounts, projects, or partnerships. Also, track margins across products and compare revenues across years. This will help you identify the areas where there has been significant growth or drop in revenue.

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Implementation

When you present data, you tell a story. According to Stanford professor Jennifer L. Aaker, stories are most optimal when they are memorable, impactful, and personal.

Introduce your company to an audience. Summarize a more in-depth report for your team. Provide critical data for your managers to act on. Share new possibilities for product development. Share growth potential and long-term vision with prospective investors. Tell the story that will shape your company's future.

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Some other ways to share a company's growth potential could include hosting investor meetings, publishing annual reports, utilizing social media platforms for updates, creating a section on the company's website dedicated to growth and future plans, and engaging in community outreach programs.

Some other ways to share a company's long-term vision could include hosting town hall meetings, creating a vision statement and sharing it on the company's website and social media platforms, incorporating the vision into employee training and development programs, and discussing it in press releases and media interviews.

Some other ways to provide data for managers to act on could include conducting surveys or polls, utilizing data analytics tools, implementing feedback systems, or conducting market research. These methods can provide valuable insights and data that managers can use to make informed decisions.

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For more resources to save you time, check out our Charts Collection (Part 1), as well as our Ultimate Charts (Part 1) and Ultimate Charts (Part 2)

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