Pareto Chart

A Pareto chart is a business and statistical chart that combines a bar and line chart to highlight all the major factors contributing to the totality. The Pareto chart has the bar chart sorted in descending order from the highest to the lowest frequency. The individual bars in the chart represent the impact of specific categories. The line chart present in the Pareto chart is the cumulative line, and it represents the cumulative total of the data.

The Pareto chart follows the Pareto Principle, or 80/20 rule, which basically means that 80% of effects come from 20% of causes. Infoveave allows you to redefine the 80/20 to 70/30 rule based on the analysis requirement.

Note

Pareto charts are ideal for prioritizing activities, efficiently sharing data, tracking progress, and breaking down complicated situations into manageable sections.

Note

• Use Pareto chart if you want to identify and prioritize the top issues.
• Use a Pareto chart when you want to effectively communicate the critical issues.
• Use a weighted Pareto chart to increase clarity and properly rank activities based on importance.

Dont's

• Do not use a Pareto chart for root cause analysis, if your data quality is poor.
• Do not use the Pareto chart to analyze future scenarios.

Basic Configuration

Add and configure the Pareto chart in Infoveave with the simple drag-and-drop option. Select the Datasource, the associated measure and the dimensions required. Below are the simple steps on how to configure a Pareto chart in Infoveave.

1. Drag the Pareto chart and drop it onto the designer workspace, from the chart library.
2. Click on the Pareto chart in the designer to select it.
3. With the Pareto chart selected, go to the Configuration tab located in the Configuration panel.
4. Under the Configuration tab, select the Basic Configuration option to access the essential settings for the Pareto chart.
5. Select the Datasource from Source which the chart will pull the data from the option.
6. Choose the Measure(s) that represents the numerical values you want to display on the Pareto chart.
7. Choose the Dimension(s) that represents the categorical values you want to display on the Pareto chart.
8. Use the Date (optional) to include a date dimension in your chart, useful for showing trends over time.
9. Enable Hide Zero Values option (optional) to hide zero values.

Chart Customization

Customizing the Pareto chart allows you to tailor the widget appearance to meet your theme. With improved customization you can enhance the clarity on the data points, the chart aesthetics and set interactivity filters making your dashboard visually appealing also effectively communicating your data insights.

The basic customizations available for the Pareto chart are as below

• General Modify the chart’s general appearance, including the background color, borders, shadows, and drill-out choices.
• Title Enable and customize the chart title’s text, font, color, and alignment.
• Sorting Choose the order in which data points are shown in the chart.
• Grid Customize the visibility and style of grid lines and margins in the chart.
• Categorical Axis Set up the categorical axis, including labels, intervals, and range sliders.
• Numerical Axis Configure the numerical axis with labels, scaling, grid lines, and range sliders.
• Series Customize the look and behavior of the data series, such as labels, colors, and backdrop.
• Cumulative Axis Set up the cumulative axis, including labels, intervals, and range sliders.
• Cumulative Line Configure the cumulative line with labels, custom color, line and line smoothness.
• Tooltip Customize the tooltip settings to improve the information shown when you hover over data points.
• Pareto Additional options for changing the 80/20 rule, Pareto line and area color.