According to the SAP Help Portal1, SVG (Scalable Vector Graphics) is the recommended image file type for optimal story performance in SAP Analytics CloudStory Design. SVG is a vector-based format that can scale to any size without losing quality or clarity. SVG images also have a smaller file size than other image formats, such as JPEG, PNG, or BMP, which are raster-based formats that store pixel data. Raster images can lose quality or become blurry when scaled up or down, and they also have a larger file size than vector images. Therefore, using SVG images can improve the loading speed and responsiveness of your stories, as well as the visual appearance of your images2.
[Reference: Adding Images to Your Story, SVG vs PNG vs JPG: Image Format Pros & Cons, , , , , , , ]
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