Graphic types
With low-code platforms such as nedyx®, data can be visualized quickly and efficiently with different graphic types. This enables the user-friendly mapping of complex correlations that are crucial for decisions in the specialist department and the entire company.
Why are different graphic types important?
Low code platforms such as nedyx® facilitate the simple creation of graphics and the rapid implementation of data analyses without in-depth programming knowledge. Through the targeted use of different types of graphics, companies can use their data effectively to make well-founded decisions and secure competitive advantages.
Bullet chart
A bullet chart or bar chart is a versatile tool for displaying data. It is ideal for making comparisons between different categories visible at a glance. For example, companies can use it to compare sales, costs or profit margins of different products or departments. The development of key figures over several periods of time can also be easily depicted. They are also ideal for communicating complex data clearly and comprehensibly in presentations or reports.
Bubble chart
A bubble chart is ideal for displaying three-dimensional data in the company. Each bubble represents a data point, with the position on the X and Y axes indicating two variables and the size of the bubble representing a third variable. Specialist departments and management use bubble charts to analyze the performance of different products, for example: The X-axis could represent turnover, the Y-axis profit and the bubble size market share. This allows correlations and trends to be identified quickly and complex data to be visualized clearly, which supports well-founded decision-making processes.
Candlestick chart
A candlestick chart is a powerful tool for visualizing price movements and trends over a certain period of time. Companies use it primarily in the financial sector to analyze share prices, commodity prices or currency fluctuations. Each "candlestick" shows the opening, high, low and closing price of a specific time period, revealing market sentiment and potential trend reversals. Candlestick charts can be used to effectively monitor and analyze market trends and price volatility.
Radar chart
A spider web chart, also known as a radar chart, is ideal for displaying multivariate data and allows several variables to be compared simultaneously. Companies use it to analyze the performance of different departments, products or projects across multiple criteria. For example, a spider web chart can visualize the evaluation of quality, cost, time and risk factors in a project. This visualization helps to identify strengths and weaknesses at a glance and thus supports well-founded strategic decisions.
Ratio chart
A ratio chart, also known as a ratio diagram, is ideal for displaying relationships between different data points. It is used, for example, to analyze the ratio of sales to costs, profit to loss or production efficiency to working hours. This can provide important insights into operational performance and efficiency. Ratio charts help to identify opportunities for improvement, make optimal use of resources and make informed decisions by presenting complex data relationships clearly and concisely.
Pie chart
A pie chart is ideal for visualizing shares and proportions within a whole. It is used to visualize the distribution of budgets, market shares, sales figures or resources across different categories. For example, a pie chart can show how total sales are divided between different products or regions. This visualization makes it easier to see at a glance which areas have the largest or smallest share and thus supports strategic decisions. Pie charts are particularly useful in reports and presentations to present complex data in a simple and understandable way.
Scatter chart
A scatter chart is ideal for illustrating relationships and correlations between two variables. Companies and specialist departments use it to identify patterns and trends in the data. For example, the marketing department can use a scatter chart to analyze the relationship between advertising spend and sales revenue. The HR department could use it to visualize the relationship between employee training and productivity.
Waterfall chart
A watterfall chart or waterfall chart is ideal for showing the gradual change from an initial value to a final value. Companies use it to visualize financial analyses such as profit and loss statements by showing the individual contributions to an overall result. It clearly shows how various positive and negative values, such as income, expenses, profits or losses, influence the overall result. It can also be used to analyze projects to illustrate progress and obstacles.
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