Data Visualization Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

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.

Please read the page carefully and don’t miss any words.

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

First and foremost, data visualization allows us to see patterns and trends in data that may not be immediately apparent from looking at a raw dataset. By representing data graphically, we can quickly and easily identify correlations, outliers, and other key insights that can guide decision-making processes. This is especially useful in industries like marketing and finance, where understanding consumer behavior and market trends is crucial to success.

Furthermore, data visualization can help communicate complex information in a more digestible way. In a world where attention spans are becoming shorter and shorter, presenting data in a visually appealing format can make it easier for people to grasp key concepts and take action. Whether it’s through interactive charts, infographics, or dashboards, visualizations can simplify complex data sets and make them more accessible to a wider audience.

Another key benefit of data visualization is its ability to tell a story. By creating visually compelling narratives with data, we can engage viewers on an emotional level and convey important messages in a more impactful way. This can be particularly powerful in advocacy efforts, where using data visualization to illustrate the impacts of social or environmental issues can rally support and drive meaningful change.

Additionally, data visualization allows for better collaboration and decision-making. When teams can see and interact with data in a visual way, they’re more likely to come to a consensus and develop actionable insights. This can lead to more informed decision-making processes and ultimately drive better outcomes in a variety of industries.

Moreover, data visualization can also uncover hidden insights and create new opportunities for innovation. By visualizing data in creative ways, we can spot trends and patterns that may have gone unnoticed, leading to discoveries and breakthroughs that would otherwise have been missed.

In conclusion, data visualization is an incredibly useful tool that has the potential to transform the way we understand and interpret data in a variety of fields. From improving decision-making processes to enhancing collaboration and innovation, the benefits of data visualization are numerous and significant. By harnessing the power of visual representation, we can unlock new insights, tell compelling stories, and drive positive change in our increasingly data-driven world.

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/

Leave a Comment