From the course: Introduction to Business Analytics (2020)
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Visualizing data
From the course: Introduction to Business Analytics (2020)
Visualizing data
- According to Forbes, the amount of data we produce everyday is truly mind boggling. There are 2.5 quintillion bytes of data created every day, this creates a problem unique to our time. How do you cut through all that noise and really understand what's happening? One really effective way of digesting these huge swathes of data is through data visualization. Now the term is somewhat self-explanatory, data visualization is the presentation of quantitative information in a graphical form. The analogy I like to make is that data visualization is like making picture books, but for adults. You probably don't have the time or inclination to dive deep for hours through all your data sources. An effective data visualization turns this huge amount of information into a visual format that tells a narrative, not unlike a kid's picture book. Data visualization has some fundamental concepts underlying it, the first fundamental…
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