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The main components of a successful data visualization include a clear and concise title, accurate and reliable data, appropriate chart type to represent the data, use of color and size to highlight important data points, and a legend or key for reference. It should also be simple and easy to understand, avoiding unnecessary clutter. The visualization should tell a story and effectively communicate the intended message to the audience.
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High-quality infographics are 30 times more likely to be read than plain text If a scientific claim is presented in pure words or numbers, 68% of people will believe that the information is accurate and truthful. With a simple graph accompanying the claim, the number rises to 97% The use of data visualizations could shorten business meeting by 24% Managers in organizations with visual data recovery tools are 28% more likely to find timely information Companies with the most advanced analytics capabilities are 2 times more likely to be in the top quartile of financial performance within their industries, 2 times more likely to use data very frequently when making decisions, 3 times more likely to execute decisions as intended and 5 times more likely to make decisions much faster than market peers Business intelligence with data visualization capabilities will offer a Return On Investment (ROI) of $13.01 back on every dollar spent.
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