A picture is worth a thousand words, and so are the different types of graphs and charts. Graphs or charts offer much information as with several words.
Have you ever thought of graphs and charts? What you ought to know about graphs and charts is that there are different types of graphs and charts used to represent data. They are mainly used in different areas such as data science, statistics, business math, health, economics, and others.
Types of Graphs and Charts
Incorporating data visualization, such as graphs and charts, into your tasks is essential, especially when working with numbers. This is regardless of whatever you are generating. Having these visuals will help you to represent your data.
Here’s why:
It may significantly aid your audience in understanding your data more by getting graphs and charts libraries.
To find out more about the types of graphs and charts that can be used in your industry, I will explore more different types of graphs and charts that are used daily in life.
If this sounds interesting, then keep on reading the graphs and charts examples below.
Line Graphs
Line graphs are mostly used to reflect data and in particular, trends over time. It portrays a point value for each data or category, joined by a line. You can also use the data from a pie chart to draw a line graph.
As a business owner, you can use a line graph to show annual sales over a certain time, like ten consecutive years.
As you see, line graphs are mainly beneficial for identifying variables at a certain level of time, revenue, growth, and sales. This depends on the research done.
Waterfall Chart
A Waterfall Chart is a variation of a bar graph that shows how an initial value changes due to other factors over time. It is also known as a Waterfall Graph, a Bridge Chart in finance or a floating brick chart.
The purpose of a Waterfall Chart is to show a before and after picture of your data. It depicts each step in the journey and shows which factors help or hurt the progression.
Knowing the ins and outs of Waterfall Charts enables you to use this visualization for your own data effectively.
Bar Graph
This is the easiest and most direct way to match various categories of data.
It is the most widely used and recognized graph.
That’s not all; Bar graphs offer a great visual presentation of nearly all types of data.
You may use a bar graph to read the information on how each category behaves even without referring back to the data table.
You can also use this graph to read information about data in each category behaves without referring to the data table.
Best of all, you may draw bar graph lines, either vertical or horizontal, since it doesn’t make any difference.
Pie Charts
A pie chart is characterized as a circle or a pie that is cut into different sections or segments. These segments represent data. It also shows how a whole number may be broken into parts.
For instance, if you don’t know about your business and are worried about how sales or revenue appeared to have dropped over the years, a pie chart is the best option to use.
Pie charts display percentages of the whole number; therefore, your total is 100%.
Each segment of the pie chart is appropriately and proportionally cut according to the size of the percentage it represents.
As if that’s not enough, pie charts may be ideal when you are comparing all sorts of quantities, such as groups, values, rates, and survey inventories, among others.
Mosaic or Mekko Charts
Basic lines, pie charts, and bars are excellent models whenever you match one or two variables in just a few categories. But what do you think may happen when you require comparing several variables or groupings at the same time? And also, What if all those variables are not even numeric?
A Mekko or Mosaic– chart may be the best choice.
A Mosaic chart allows you, for instance, as a marketer, to show all the variables straightforwardly and clearly. One of the axes on the chart shows the categories that are being represented.
The color and the size of each section on the Mekko chart match with the segment it represents, just as it is depicted in the chart’s data.
Sankey Charts
Oftentimes in businesses and all other industries, you may find several processes that you have to use diagrams. A Sankey chart helps you to come up with these processes that are well displayed in a step-by-step mode that is from the start to the end.
This Turns out to be the best way to analyze, document, design, and manage various processes.
Sankey charts may have multiple beginnings and finishes as well as several pathways in between. In my own experience, many people use simple Sankey charts.
This is represented by a document with a basic process like from 1-10 or A–C.
In addition, Sankey chart diagrams are mostly used to demonstrate more complex systems that show many choices, conditions, or decisions at the end of each section.
Here’s why:
Every time a condition is encountered, the Sankey chart diagram offers various options; therefore, each path carries on subsequent choice.
FAQs
What are the important types of graphs and charts?
Graphs and charts are significant for the reason that they help you to analyze data quickly as well as see relationships.
They are used to simplify data that your audience may easily understand and remember.
When can you use Bar Charts?
Whenever you have more than ten valuables or categories, you need to compare them. For instance, if your categories, names, or labels are long, a Bar chart makes it more presentable to the audience.
When can you use Pie Charts?
These are best used when you want to show part or sectional comparisons. This is because you can identify the largest and smallest section within a given data set.
Wrap Up
By now, you should have known which types of graphs and charts examples that may be the best options for your industry.
No matter the way you pick out to represent your data and master these skills to produce different types of graphs and charts, it can tell a thousand words about your industry. It is the best and most effective way to demonstrate your data and the relationship between them.
