Data Visualization Statistics


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Data Visualization Statistics 2023: Facts about Data Visualization outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Data Visualization, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Data Visualization Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Data Visualization Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 41 Data Visualization Statistics on this page 🙂

Data Visualization “Latest” Statistics

  • If a scientific assertion is made using just numbers or words, 68% of individuals will consider the information to be true and accurate.[1]
  • Managers are 28% more likely to discover timely information in firms using visual data recovery solutions than in those that depend on controlled reporting and dashboards.[1]
  • The usage of data visualizations might cut company meetings by 24%, according to the same Wharton School of Business research.[1]
  • Compared to their peers, 53% of top-performing salespeople are more confident in their CRM data.[2]
  • People analytics will be a top focus for their firm over the next five years, according to 73% of personnel professionals polled.[2]
  • Customers cited saving time at the dealership during the pandemic as the main advantage of online automobile purchases in 86% of cases.[2]
  • According to 87% of sales and marketing executives, the collaboration between sales and marketing is essential for corporate development.[2]
  • 48% of managers in firms employing visual data discovery tools can locate the information they want without the assistance of IT employees.[2]
  • Analysts predict that by 2022, the augmented and virtual reality industry will be worth around $209 billion worldwide.[2]
  • Big data in the healthcare sector is anticipated to reach a market size of $34.27 billion by 2022.[2]
  • 74% of businesses that employ visual data discovery give managers the authority to make appropriate judgments.[2]
  • 72% of the populace thought that physicians would coordinate their treatment better if they used electronic medical records, which would increase the standard of care across the board in the U.S.[2]
  • The necessity for corporate transformation and market rivalry, which increased agility and cut costs, drove over 80% of key companies in the healthcare sector to invest in big data analytics and artificial intelligence.[2]
  • When verbal and visual communication are utilized together, credibility and influence rates rise to 43% from 17% when verbal communication is used alone.[2]
  • 86% of individuals in the digital experience industry now utilize standard site analytics, while 84% get input on consumer interactions using online surveys and forms.[2]
  • When compared to groups that didn’t employ pictures, those utilizing visual language were 21% more likely to establish an agreement.[2]
  • With 96% of hospitals in the United States using an EHR application that has undergone regulatory testing and certification, 2017 saw an almost flawless adoption rate for EHR.[2]
  • Early on in their purchasing processes, 81% of B2B consumers say they like listicles, 72% infographics, 66% blogs, and 62% videos.[2]
  • 50% of buyers in the middle of their purchasing process want to view evaluations, 49% research, 46% case studies, and 49% reports.[2]
  • 42% of those polled are currently employing heatmaps to evaluate user activity across their online and mobile sites, while another 21% aim to do so in the next 12 years.[2]
  • Over the last five years, a report reveals a 24.2% growth in HR professionals with data analytic abilities.[2]
  • Following presentations that included an overview map, 64% of attendees took action right away.[2]
  • By tracking the team’s performance in real-time with personalized reports and dashboards, sales productivity may rise by up to 44%.[2]
  • 85% of respondents believe that the future of HR and recruitment will be heavily influenced by people analytics.[2]
  • Data and algorithms may increase job performance prediction by 50%, leading to hiring more productive candidates.[2]
  • By recruiting up to 42% of underrepresented groups from all hires that year, Dropbox anticipates increases in talent diversity thanks to its new data.[2]
  • Finding important information in a paper using images, colors, and charts takes 39% less time.[3]
  • A clear customer experience vision is created by 67% of those polled using the digital experience strategy.[3]
  • 86% of companies feel that in 2020–2021 and beyond, images will be a critical component of their marketing strategy.[3]
  • According to a Forbes poll, more than 95% of firms must handle unstructured data, and more than 40% of those enterprises claim to do so often.[3]
  • A content square study titled “defining digital experience” found that 52% of businesses had devoted teams for digital analytics and insights, and 44% had devoted teams for data science.[3]
  • Another market study by Sigma found that 46% of respondents stated they had difficulty producing meaningful data models because they lacked domain expertise, and 39% of participants were unsure about the data-driven culture in enterprises.[3]
  • According to a different survey, the percentage of readers of information that incorporates visuals like charts, graphs, photos, and color design improves by 80%.[3]
  • According to different research, more than 65% of people are visual learners, meaning we need to see information to remember it.[3]
  • 74% of them are spending money on digital experiences expressly to increase repeat business.[3]
  • The worldwide data visualization market is anticipated to grow at a CAGR of 10.2% to 19.20 billion by 2027.[3]
  • Compared to instructions with only text, instructions with pictures enhance productivity by 15%.[3]
  • Three days after seeing a picture containing data, people can remember 65% of the information, compared to 10% of the information they hear.[3]
  • The Wharton School of Business discovered that by adopting data visualization, firms might cut the length of their business meetings by 24%.[3]
  • Visual language delivered 22% greater outcomes in 13% less time and increased problem-solving efficiency by 19%.[3]
  • Visuals may boost comprehension and memory by 78%.[3]

Also Read

How Useful is Data Visualization

One of the key advantages of data visualization is its ability to simplify complex information. By presenting data in a visual format, individuals are able to quickly grasp and understand the overarching trends and patterns present in the data. This simplification enables decision-makers to make informed choices based on a comprehensive understanding of the information at hand.

Moreover, data visualization has the power to communicate insights in a way that is easily digestible for various stakeholders. Whether it’s presenting sales figures to a board of directors or explaining healthcare trends to a community, visuals provide a universal language that transcends barriers of language and technical expertise. This democratization of information empowers individuals from all backgrounds to engage with data and draw their conclusions.

Furthermore, data visualization can aid in identifying correlations and trends that may not be apparent when examining raw data. By using charts, graphs, and other visual aids, individuals can easily spot connections between variables that might otherwise go unnoticed. This capability is particularly valuable for industries such as finance, marketing, and healthcare, where the ability to predict future outcomes based on historical data is essential.

In addition, data visualization can help enhance storytelling by bringing data to life. By weaving visuals into a narrative, data becomes more engaging and memorable for audiences. This storytelling aspect can be particularly useful in fields such as journalism and academia, where complex data sets are routinely used to convey information and drive understanding.

Furthermore, data visualization can also aid in quality control processes by quickly flagging anomalies or inconsistencies in data sets. Visualization tools can provide visual cues that highlight areas of concern, allowing individuals to investigate further and rectify any issues before they escalate. This proactive approach to data management can help organizations maintain data integrity and reliability.

Overall, it is evident that data visualization is a powerful and indispensable tool in today’s data-driven world. From simplifying complex information to facilitating data-driven decision-making, the benefits of data visualization are vast and wide-reaching. As data continues to grow in complexity and volume, the importance of effective visualization techniques will only continue to increase. By harnessing the power of data visualization, individuals and organizations can gain valuable insights, make informed decisions, and ultimately drive meaningful change.

Reference

  1. csgsolutions – https://blog.csgsolutions.com/15-statistics-prove-power-data-visualization
  2. piktochart – https://piktochart.com/blog/data-visualization-statistics/
  3. visme – https://visme.co/blog/data-visualization-statistics/

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