Categories
Exponential growth is a data pattern that grows with time, creating a function curve.
Suppose a population rises exponentially by a factor of two every year, starting with 2 in the first year, then 4 in the second year, 8 in the third year, and so on. The population is growing by a factor of 2 each year in this case.
You can use exponential growth functions to track your business’s continuous improvements (Kaizen).
One of the recommended charts for visualizing exponential growth is Line Chart.
Excel is one of the go-to popular data visualization tools among professionals and business owners worldwide. But the visualization tool has a very basic Line Chart. And this implies you’ve got to invest extra effort and time to edit the charts to align with your needs.
You can download and install a specific add-in in your Excel to access ready-to-use visualization designs (highlighted above).
Exponential growth is a pattern of data that shows greater increases with passing time, creating the curve of an exponential function.
Suppose sharing a video rises exponentially by a factor of two every month, starting with 32 in Jan, then 64 in Feb, 128 in Mar, 256 in Apr, and so on.
The sharing is growing by a factor of 2 each month in this case. If 4 people share the video, the number will jump up to 64, 256, etc. Exponential growth is different from linear growth and geometric growth (which is raised to a power).
The tested and proven chart for displaying exponential insights is the Exponential Growth Chart (Line Graph). Keep reading because, in the coming section, we’ll address the following: exponential growth formula.
Exponential Growth Formula
The curve starts slowly and remains nearly flat for a time before increasing swiftly to appear almost vertical on an Exponential Growth Chart.
The exponential growth formula is: V = S × (1 + R)T
The current value V is determined by multiplying the starting value, S, by the sum of one plus the rate of interest, R, raised to the power of T.
Keep reading because, in the coming section, we’ll address the following question: how is exponential growth chart used in real life?
Have you noticed green-colored mold on your bread?
When you leave bread out for a long time, discoloration occurs on bread caused by mold. The bread mold is a microorganism that grows when the bread is kept at normal room temperature. The bread mold grows at a surprisingly alarming rate. And this growth is called “Exponential Growth.”
Exponential growth occurs when the instantaneous rate of change of a quantity with respect to time is proportional to the quantity itself.
Organisms and diseases spread via exponential growth.
For example, a bacteria splits into two organisms. Then, the two organisms split into two each, which is four. The four split to form eight and so on. With exponential growth, the amount from the previous round is constantly growing.
The nuclear bomb is so devastating because of the exponential micro-explosions of atoms. The uranium nucleus undergoes fission, producing multiple neutrons that get absorbed by uranium atoms nearby.
Neutrons continue to be absorbed rather than released because of the exponential fission process. In other words, fissions happen exponentially, increasing an uncontrollable chain reaction.
For college students, exponential growth charts apply to education loans and accrued interests.
Federal student loans are based on simple interest. And this means that the amount you owe on the money you borrowed remains the same over time.
On the other hand, some private loans charge compound interest, which is where exponential growth comes in. When you take out a loan, the amount you borrow is called the principal. Interest is the cost of borrowing the money (like the additional fee you’ll owe back, generally taken as a percentage of the principal).
With compound interest, you pay interest on the interest.
Yes, you read that right.
Unpaid interest is added to the principal. The principal amount is essentially growing each day you don’t pay it back and is based on a function of exponential growth. When choosing education loan products, select a simple interest loan.
Exponential growth functions can help grow your savings, especially if using compound interests.
Wouldn’t you rather your bank’s savings account grow rapidly rather than slowly?
For debt, it will be hurtful to the borrower. But, if you flip the equation and apply it to your savings, then compounding interest is a good thing! This is the reason why saving for retirement early on is critical.
You can leverage the exponential growth strategy in SEO and pay-per-click (PPC) in marketing.
In PPC, continuously optimizing your campaigns by 1% can lead to 3,778% exponential growth in returns. Keep reading because we’ll address the following question in the coming section: which graphs display exponential growth insights?
A Line Graph is one of the best Exponential Growth Charts you can use to create compelling data stories. The chart displays information as a series of data points connected by straight lines. You can use the chart to extract trends and patterns insights into raw data.
The visualization design illustrates plenty of information using limited space. And this means you can uncover hidden insights, such as trends and patterns.
The visualization design is ideal if your goal is to display trends. One of the best charts for tracking performance in a specified period of time is the Line Chart. The visualization design is amazingly easy to read and interpret. Furthermore, its minimalist design ensures you’ll never have to obscure key insights.
Keep reading because we’ll address the following in the coming section: how to make an Exponential Growth Chart in Excel?
Excel is one of the go-to data visualization tools for businesses and professionals.
However, this freemium spreadsheet tool lacks ready-made and visually stunning Exponential Growth Charts, such as the Line Graph.
Well, you don’t have to do away with the spreadsheet app.
You can turn Excel into a reliable data visualization tool loaded with ready-to-go Exponential Growth Charts by installing third-party apps, such as ChartExpo.
As we said, how to make an Exponential Growth Chart in Excel should never be a time-intensive task. Keep reading to learn more.
ChartExpo is a Line Graph in Excel maker that comes as an add-in you can easily install in your Excel.
With a large number of insightful and ready-to-use visualizations, ChartExpo turns your complex, raw data into compelling, easy-to-digest visual renderings that tell the story of your data.
This Exponential Growth Chart generator produces simple and clear visualization designs with just a few clicks. Yes, ChartExpo generates straightforward charts to interpret, even for non-technical audiences.
This section will use a Line Graph as an Exponential Growth Chart to display insights into the tabular data below.
| Time | Views | Shares |
| Jan | 2,048 | 32 |
| Feb | 4,096 | 64 |
| Mar | 8,192 | 128 |
| Apr | 16,384 | 256 |
| May | 32,768 | 512 |
| Jun | 65,536 | 1,024 |
| Jul | 13,1072 | 2,048 |
| Aug | 262,144 | 4,096 |
| Sep | 524,288 | 8,192 |
| Oct | 1,048,576 | 16,384 |
| Nov | 2,097,152 | 32,768 |
| Dec | 4,194,304 | 65,536 |
Many businesses are still betting on gut feelings rather than facts and data.
One of the critical reasons for this could be a lack of access to quality data to back decision-making processes.
Data visualization graphs, such as a Line Chart, can help you distill signals from noise in your raw data. And this can save massive amounts of time. Imagine the competitive advantage you would enjoy by relying on data to make strategic decisions.
Charts and graphs can improve the productivity and efficiency of staff in your business. In other words, you can leverage data to predict risks, such as declining productivity.
Charts and graphs can help you track productivity metrics in real-time. With a solid business analytics strategy, you can easily point out gaps and improvement areas in your workplace or business.
In today’s world, customers have a broader range of choices.
If your business is not aligned with the customers’ desires and expectations, you can easily find yourself in a downward spiral. Customers change their minds as they are continuously exposed to new information in their purchasing journey.
With the vast amount of data, it’s practically impossible for you to make sense of all the changes in the market.
One of the benefits of Exponential Growth Charts is that it provides you with answers about the changing behavior of the market. You can easily point out significant shifts in tastes and preferences by using charts.
Timely awareness of customer behavior changes can be the decisive factor in the current competitive landscape.
Gone are the days you could easily sell a standard set of products and services to customers.
Today’s market craves products and services that can meet their individual needs.
One of the benefits of data visualization charts is that they can help you track your target market’s tastes, preferences, and needs. You can leverage data from various attributions, such as social media and websites, to create a reliable persona for the market.
Exponential growth is a pattern of data that shows greater increases with passing time, creating the curve of an exponential function.
Suppose sharing a video rises exponentially by a factor of two every month, starting with 32 in Jan and so on. The sharing will grow exponentially.
Federal student loans are based on simple interest. And this means that the amount you owe on the money you borrowed remains the same over time.
On the other hand, some private loans charge compound interest, which is where exponential growth comes in.
Exponential growth is a data pattern that grows with time, creating a function curve.
You can use exponential growth functions to keep track of your business’s continuous improvements. One of the recommended graphs for visualizing exponential growth is Line Chart.
Excel is a popular data visualization tool among professionals and owners. Essentially, you have to manually edit the chart, which is time-intensive.
So, what’s the solution?
We recommend you install third-party apps, such as ChartExpo , into your Excel to access ready-made Line Graphs in Excel.
ChartExpo is an add-in you can easily download and install in your Excel app. Besides, this tool comes loaded with insightful and easy to interpret Exponential Growth Charts. You don’t need programming or coding skills to visualize your data using ChartExpo.
Sign up for a 7-day free trial today to access easy-to-interpret and ready-made Exponential Growth Charts.
How much did you enjoy this article?
Learn how to create and analyze surveys using a free questionnaire maker. You’ll also discover the benefits of utilizing this tool for your survey research.
Learn how to create and analyze monthly financial reports, discover the benefits of using these reports and gain insights into data analysis techniques.
Elevate customer loyalty with NPS Rating insights! Uncover strategies to measure and boost Net Promoter Score for business success.
