In today’s data-driven business landscape, data visualization is emerging as a necessary tool that converts data into visuals, making it easier for businesses to understand, process, and make important decisions. Data visualization helps in designing actionable insights. There are numerous data visualization tools available that are versatile, easy to use, and allow the user to visualize data in a variety of ways that suit their business needs. 

A recent Fortune Business Insights report highlighted that the data visualization market in the year 2019 was estimated at $8.85 billion, and by 2027, it is expected to be $19.20 billion at a compound growth rate of 10.2% annually. 

By harnessing the power of data storytelling, businesses can drive impactful narratives with comprehensive data visualization tools. 

What is Data Visualization? 

Data visualization involves the process of graphical representation of data in a visual form like graphs, charts, and maps. The tools enable users to generate insights from data easily, thus assisting them in making data-driven decisions. By representing data in a visual form, data visualization makes data accessible and easier for the user to understand. 

Data presented through visual elements are easy to understand and analyze. This assists in the effective extraction of actionable insights, enabling organizations to use the findings for efficient real-time decision-making. Data visualization tools support streaming data, AI integration, collaboration, interactive exploration, and self-service capabilities to facilitate the visual representation of data. There are different data visualizations, but some of the common ones are bar graphs and line graphs, pie charts, scatter plots, tree charts, mind maps, timelines, and project evaluation and review techniques or PERT charts. 

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