Presenting data in a visual context makes it attractive and easier to comprehend. Charts and graphs are used to give boring datasets an attractive context that makes it easier for readers to comprehend the information conveyed. A gauge chart is one of the popular options used during data visualization to present data in a graphical format, making it easier for readers to access meaningful insights.
The only way to make your data insights more visible is by displaying them using a graphical format that anyone can understand. Most data professionals have greatly invested in the power of data visualization to help them deliver information in the best way possible.
The type of chart or graph used in the process helps you to deliver data insights in a manner that is easier to comprehend regardless of the technical background of your readers.
The gauge chart is popularly used in data visualization to deliver insights in an easy-to-read manner. Even though this is one of the most reputable types of charts available, some people still don't understand how it works and how you can create one that resonates with your requirements. This article uncovers more information about gauge charts and how you can compose one that reciprocates your data requirements.
What is a Gauge Chart?
A gauge chart, popularly known as a speedometer chart, is designed to display a single data value component at a time. The chart presents data insights in a quantitative format, making it easier for readers to comprehend the information. It is mostly used in circumstances whereby you want to track a specific key performance indicator to determine the progress recorded.
The chart can track the progress of a specific key performance indicator against a specific factor to give you a clear interpretation of the progress achieved. The gauge chart uses different data values to divide a data scale depending on the message you intend to deliver. The chart uses a needle to point to a specific metric that you are tracking to enable you to identify the progress recorded.
A gauge chart is a reliable option if you want to focus on a single data point at a time and determine the achievements you have made. A car speedometer is one of the most common real-life examples of a gauge chart and how it presents data. It is designed to allow you to focus on a single entity at a time without losing focus. This makes it a suitable option to use when you want to track the progress of your goals and how far you are from reaching your preferred destination.
This chart type is suitable for creating executive dashboards in an organizational environment. It is most useful in circumstances whereby the expected focus value is already known. This is why gauge charts are mostly used by business stakeholders to determine the progress the business is making and the contribution of different departments within the organization toward the general success of the business.
How to Create a Gauge Chart?
Now that you understand what a gauge chart is and how it is applied during data visualization, it's high time you need to learn how to create it and use it to present your data. Below are the steps taken when creating a gauge chart that you need to learn and master.
Identify Your Metrics
Determining your metric is an immediate aspect you need to consider when creating a gauge chart. Note that a gauge chart cannot be understood if you do not have a clear context. The most important thing on the chart is the metrics that you intend to visualize and the message you want your readers to absorb. You need to be highly keen and smart when picking up a specific metric that you want to visualize.