Best Data Visualization Tools To Look Out For In 2023 - KnowledgeHound in KnowledgeHound

According to a report by Fortune Business Insights, the global data visualization market stood at USD 8.85 billion in 2019 and is projected to reach USD 19.20 billion by 2027, exhibiting a CAGR of 10.2% during the forecast period.

The increasing use of the internet, smartphones, cloud computing technologies, advancements in machine learning, and the rising use of the Internet of Things are the driving factors behind the increase of the global data visualization market.

What is Data Visualization?

Before we discuss more on the data visualization tool, let’s first get a good understanding of data visualization. What does it mean?

According to KnowledgeHound Data visualization refers to the process of communication and translation of information and data in a visual context. As the name implies, data visualization often employs charts, graphs, bars, and other visual aids to describe the relationship between different types of data.

What are Data Visualization Tools?

Have you heard about Infogram or Google Charts? These are the tools that often support a variety of visual styles and are capable of handling a vast data volume.

Presenting data through visual elements makes it easy to analyze and understand. Here are the top 3 data visualization tools that are known for their incredible performance and impressive usability.

· Tableau

Tableau is one of the most commonly used data visualization tools, trusted by over 57,000 companies. Tableau provides integration for advanced databases, such as Amazon AWS, SAP, Hadoop, and My SQL, and creates graphics and visualizations from ever-evolving datasets often used for machine learning and artificial intelligence.

While tableau offers excellent visualization capabilities and supports connectivity with a wide range of data sources, the pricing is on the higher side. This can be seen as a con by many people.

· Google Charts

Google Charts has been one of the major players in the market space for a long time. Google Charts coded with HTML 5 and SVG have the capability to produce pictorial data and graphical data.

This data visualization tool provides users with unmatched cross-platform compatibility with android and iOS. Google Charts offer a user-friendly platform, is compatible with Google products, and has visually attractive data graphs. It is also easy to integrate the data.

However, it lacks customization abilities and network connectivity which is often required for visualization. Also, there are inadequate demos available on how to use the tool.

· Zoho Reports

Also called Zoho Analytics, Zoho Reports is a data visualization tool that integrates online reporting services with business intelligence. This allows quick creation and sharing of the reports in a few minutes.

This data visualization tool also supports the import of big data from databases and applications. Zoho offers the ability to create reports and modify them effortlessly. It also includes different features such as report sharing and email scheduling. The customer support is amazing.

However, the dashboard can seem confusing when you are dealing with a large volume of data.

While you can easily get your hands on some amazing data visualization tools, make sure to take your time to try out a few tools before settling for the best data visualization tool for your business.

Also Read — What Is Data Management And Is It Really Important?