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MB105 Vinay Kumar

The document discusses the application of graphs and charts in business, emphasizing their role in simplifying complex data for better understanding and decision-making. It outlines the importance of clear communication, enhanced understanding, improved decision-making, and engaging storytelling through visual data. Additionally, it provides best practices for effective data presentation, including simplicity, relevance, clarity, and appropriate use of color.

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36 views8 pages

MB105 Vinay Kumar

The document discusses the application of graphs and charts in business, emphasizing their role in simplifying complex data for better understanding and decision-making. It outlines the importance of clear communication, enhanced understanding, improved decision-making, and engaging storytelling through visual data. Additionally, it provides best practices for effective data presentation, including simplicity, relevance, clarity, and appropriate use of color.

Uploaded by

js.unitedworld2017
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NAME: VINAY KUMAR

COLLAGE: SWAMI VIVEKANAND INSTITUTE OF SCIENCE AND


TECHNOLOGY.
ACEDEMIC YEAR: 2024-2026
TOPIC: APPLICATION OF GRAPHS AND CHARTS IN BUSINESS.
Application of Graphs
and Charts in Business:
Graphs and charts help in understand data, communicate insights, and
make informed decisions. It transforms complex data into easily
digestible formats, making it accessible to everyone in an organization.

VS
T h e I m p o r ta nc e o f
G ra ph s and Char ts :

1 C lea r C o mmu n i c a t i on 2 En ha n c e d
Graphs and charts
Unde rsta nding
effectively They simplify complex data,
communicate data making it easier to grasp
trends and patterns to relationships and identify key
audiences of varying insights.
technical backgrounds.

3 I mp r o v e d De cision 4 En ga ging Storytelling


M a k in g Graphs and charts create
Visualized data provides a clear compelling narratives, making
and concise view of data more engaging and
performance, enabling better memorable.
data-driven decisions.
Ty p e s o f G ra p h s a n d Char ts
B ar Ch ar ts L i ne G r ap h s Pi e Ch ar t s
Ideal for comparing values across Excellent for displaying trends over Useful for showing proportions of a
different categories. They are easy to time. Line graphs show changes in whole. They are particularly effective
read and understand, visually data points plotted on a coordinate when demonstrating how different
representing data as bars. system. categories contribute to a total.
Effective Data Presentation
1 S imp lic it y
Keep visualizations clean and uncluttered. Avoid excessive detail or
unnecessary elements.

2 Rel eva nce


Focus on data that is directly relevant to the message you want to
communicate.

3 Cla ri ty
Use clear and concise labels, titles, and legends. Make sure the
visualization is easily understandable.

4 C o l o r a n d De si gn
Employ color schemes and design elements that enhance readability
and visual appeal.
A na l yzi n g Tre nd s a nd
Patterns with G ra p h s a nd
Char ts

Tr e nd Lines Bar Ch a rt Co mpari s ons


Line graphs and trend lines can help Bar charts effectively compare values
identify long-term trends in data over across categories, revealing patterns
time. and trends within different groups.

Scatter Plots Hi sto grams


Scatter plots show the relationship Histograms provide a visual
between two variables, identifying representation of the distribution of
potential correlations or patterns. data, highlighting clusters and outliers.
Best Practices f o r C r e a t i n g
I m p a c t f u l Visualiz ations :

1 K ee p it S i mp l e 2 Us e C o lo r
Avoid cluttering the
Strategically
visualization with unnecessary Choose colors that enhance
details or information. readability and effectively
highlight key insights.

3 Pro vi de C on te xt 4 Te ll a S tor y
Include clear labels, titles, and Use visualizations to
legends to ensure the communicate a compelling
visualization is easily narrative that engages the
understood. audience.

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