Data Visualization refers to representation of data in a visual pattern so as to convey valuable information efficiently with the help of statistical graphs, charts, or infographics. Data Visualization software helps decision makers to analyze and easily comprehend huge amounts of data through interactive visualization tools. This is done in the form of infographics, geographic maps, sparklines, heat maps and dials and gauges.
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Data visualization software helps end-users to save time by enabling quick decision-making by providing a multi-faceted view of business performance and operating dynamics. Currently, there is an imperative need to achieve a perfect balance between visual appeal and functionality so as to have optimum demand and use of the software at all levels of management and processes.
Rapid developments in the field of big data along with growing size and complexity of data has led to increased deployments of data visualization software globally. The incorporation of internet of things (IoT) in all aspects of business is adding to the increase in the number of data. This is further fuelling the need for organizing the data so as to derive valuable insights from it.
Such requirements are driving the data visualization software market. The rising need for decisions to be made in a short span of time requires tools to help derive analytical information from large chunks of unorganized data in a quick turn-around time. This is the major driving factor for rising demand in data visualization software