With an increase in software, there is also the option to use fancy charts to visualize data, while creating a better understanding of the underlying story. However, some charts don't work as well with time series data. The line chart is the one that works best for almost all business cases. Let's explore the case of the growth over lending in the last three years:
All of the six charts are trying to tell the same story. The bank has seen lending grow from £2.35 billion to £2.84 billion between 2015 and 2017. However, some of the charts are much better placed to tell the story. The best placed is the line chart, which depicts the time on the x-axis and the value of lending on the y-axis. As we read the chart, it becomes apparent that the line shows a growth in lending. The bar chart...