Intuitive comparison of change of basis to SVD for any linear transformation
Let's play with this a bit.
Let $ A \in \mathbb{R}^{m \times n} $. Then we know it has a singular value decomposition $ A = U \Sigma V^T $ where $ U \in \mathbb{R}^{m \times m} $ and $ V \in \mathbb{R}^{n \times n} $ are orthogonal ($ U^T U = U U^T = I $ and $ V^T V = V V^T = I $) and $ \Sigma $ has nonnegative diagonal elements, ordered from largest to smallest.
Now consider $ y = A x $.
$ x = I x = V V^T x $. So, $ V^T x $ gives you the coefficients of $ x $ when using the columns of $ V $ as the basis.
$ y = I y = U U^T y $. So, $ U^T y $ gives you the coefficients of $ y $ when using the columns of $ U $ as the basis.
So, $ U U^T y = A V V^T x $. Equivalently, $ (U^T y) = (U^T A V) (V^T x) = \Sigma (V^T x) $.
So, if you view $ x $ in the right orthonormal basis (given by the columns of $ V $) and $ y $ in the right orthonormal basis (given by the columns of $ U $), then the (non-square) matrix that relates them becomes diagonal.
A truly beautiful result.