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Data visualization software is a type of program used to create graphical representations of data. These visualizations can help make large amounts of complex data easier to interpret, find patterns and trends, and even more accurately predict future outcomes. Data visualization can be used for a number of purposes including marketing (such as customer segmentation), scientific research (such as identifying correlations between variables), forecasting business performance, and many other applications.
Data visualization software generally falls into two main categories: standalone programs and web-based tools. Standalone programs are typically downloadable packages that require installation on your own computer or server. They will generally have more features than web-based tools but require additional resources such as technical knowledge and additional hardware to set up and maintain. Common examples include Tableau, Qlik Sense, Microsoft Power BI, SAS Visual Analytics, IBM Cognos Analytics, SPSS Modeler / Statistics and R Studio / Shiny apps.
Web-based tools on the other hand do not need to be installed locally; they are accessed through a website or cloud server which provides all the necessary software components without requiring extra hardware or technical expertise. These types of solutions typically also offer less customization by restricting options such as color palettes or graph formatting options but have the advantage that they involve no setup costs or ongoing maintenance requirements. Common examples include Google Data Studio, Infogram, Datawrapper, Plotly Dashboards and D3js library for JavaScript developers.
Another important consideration when looking for data visualization software is whether it includes APIs that allow you to embed visualizations in your applications or websites from outside sources such as databases or cloud-stored data sets. This capability enables different users inside an organization to collaborate on projects by sharing their visualizations with one another without having to duplicate efforts across different programs – this can greatly reduce development time for organizations with multiple teams working on related tasks at once.
Finally, some specialized data visualization systems exist for specific uses such as GIS mapping (Geographic Information Systems) or medical imaging applications where detailed 3D models are needed along with advanced analysis capabilities like heat maps and animation timelines which are not available in most general purpose data visualization software. Examples include ArcGIS Pro from Esri, Paraview from Kitware Inc., OsiriX MD from Pixmeo SARL., BrainVoyagerQX from Brain Innovation BV., MIMics NVF Viewer from Materialise NV., ImageVis3D from The University of Hertfordshire’s School of Engineering & Technology etc.
Data visualization software is becoming increasingly important in today’s business world. By turning complex data into easy-to-understand graphs and charts, it helps decision-makers better understand their situation, use information effectively, and make more informed decisions.
In the modern world of analytics, data is a key driving force behind all decisions. Companies are collecting vast amounts of data that can be incredibly difficult to interpret without the right tools. Data visualization software takes this raw data and presents it in an easy-to-understand format that anyone can comprehend quickly. This visual representation makes it easier to identify patterns or correlations among different pieces of data.
Having access to accurate and up-to-date information is essential for any organization. With data visualization software, companies can easily compare current performance with previous years or other time periods for a more detailed analysis. For example, customers who are looking at sales figures from last year might be able to get a better idea of how the company has done compared to other competitors within their industry. This type of comparison provides valuable insights that could help shape future strategies or plans for improvement.
Another benefit of using this type of software is its ability to identify potential problems before they become too costly or difficult to address later on down the line. By uncovering issues earlier on in the process, teams can have more time to create solutions tailored specifically towards addressing those particular issues instead of simply reacting after they arise. In addition, financial institutions, like banks and investment firms, rely heavily on visualizations when evaluating the risk associated with various investments as well as analyzing portfolios over long periods of time.
Overall, data visualization software enables businesses to make smarter decisions faster by understanding complex data quickly and accurately through interactive graphs and visuals. Being able to visualize large amounts of complex data helps organizations gain deeper insight into their operations which leads to smarter strategies that result in increased profits.
The cost of data visualization software can vary greatly depending on the type and scope of the product. For example, open source tools like Graphviz are typically free to use, while enterprise-level solutions may require a monthly subscription or a one-time payment for a perpetual license. In general, basic data visualization software with limited features is available for free or in the $10-$100 range for an individual user. More sophisticated solutions such as those with cloud storage, mobility options and advanced analytics capabilities may cost anywhere from several hundred dollars to several thousand dollars depending on the provider and amount of users. Typically, businesses should expect to pay more than individuals due to different licensing costs associated with enterprise plans. Companies may also be interested in investing in custom development solutions if they need highly specialized features that aren't offered by existing packages.
Data visualization software can be integrated with a variety of other types of software to create visual representations of data. Data analysis and modeling tools, such as R, Python and SAS, allow users to access data sets and apply complex algorithms for the manipulation and extraction of information. Business intelligence software provides business users with a range of features, including dashboards, analytics, reports or scorecards for insights into operations. Statistical packages like SPSS and MINITAB enable researchers to transform raw data into meaningful results that are then displayed in graphics or charts for further study. Database management systems provide storage capabilities for retrieving and manipulating large volumes of data which can be used in combination with visualization tools to generate interactive graphs. Finally, geographic information systems (GIS) offer mapping functionalities to represent the geographical positioning of physical objects which may be used together with charting options to produce advanced spatial images.