Everybody has at least this much information: How much gas they have left, how deep they are, and how long they have been underwater. Most people also have a compass that tells them their direction. Whether you combine all this into a console, or combine different parts of it into air integrated gauges or digital compasses, depends on the diver and what equipment they have chosen to buy.
I like to have my depth and time on my wrist, because I reference those numbers almost constantly. I also want to see them easily when I am descending or ascending, and have my left hand on my inflator. Therefore, I wear a wrist computer.
Because I DON'T have to check my gas constantly (every five minutes or so is fine), I don't feel I need to have that information on my wrist. So I use the gauge you illustrate, clipped off to my hip, where it's fairly easy to release it, bring it up and check it, and put it back. Some people like to have a wrist gauge that can also tell them their gas remaining, which requires some kind of transmitter. It's not a bad idea to wear a normal gauge, too, in case the transmitter is having trouble syncing.
Some folks put everything in a console, and then clip the console across their chest so that they can see it by looking down. I don't like that approach, because I don't like something clipped across my chest.