New Excel 2016 update helps users make better business decisions with charts
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Microsoft is quickly adding to its list of updates for Office 2016 and 365 Subscribers with a new post about the effectiveness of charts and a focus on the several new charts that were introduced in Excel 2016.
- The Waterfall Chart
This chart is effective at describing how certain information or trends area effecting a businesses bottom line. Effective for financial information, The Waterfall chart is designed to show the relationship of balances, losses and gains.
- Treemap Chart
The Treemap chart is good for businesses to highlight which categories, products or trends are generating the most revenue or percentage of an organization.
- Box & Whisker Chart
In the same family as a histogram chart, the Box & Whisker chart helps business target trends and customer demographics. This chart allows businesses to follow where their customers are and the areas seeing the most demand.
Several new charts are also planned to be added in a future Office update with one of the first being the new Funnel Chart which will be used to help businesses track sale processes.
With these latest charts, Office is providing businesses with the tools to better analyze their needs. The update is currently available for Office 2016 and Office 365 subscribers. How do you see these new charts helping in visualizing data for business? Let us know in the comments below.
