Sankey charts are a powerful visualization tool for tracking the flow of data across various entities or stages. They are particularly useful in showing the flow of materials, money, or information between different components of a system. Unlike traditional bar charts or line graphs, which show the magnitude of data at a point in time, Sankey charts demonstrate the movement of data over time, making it possible to see patterns and trends that might otherwise go unnoticed.

To create a Sankey chart, you need to specify the source and destination of the data, as well as any intermediate entities or stages. You can then use a software tool such as Microsoft Excel, Google Sheets, or Tableau to create the chart. One of the key benefits of Sankey charts is that they can be easily modified and updated as the underlying data changes, allowing you to track the flow of information in real-time.

One of the most compelling applications of Sankey charts is in financial analysis. For example, you might use a Sankey chart to visualize the flow of money between different accounts within a financial institution. This can help you identify potential areas of concern, such as large and irregular transactions, and take proactive steps to address them.

Another application of Sankey charts is in supply chain management. By visualizing the flow of materials from suppliers to distributors to customers, you can gain a better understanding of your supply chain and identify potential bottlenecks or inefficiencies. This can help you improve the overall performance of your supply chain and increase customer satisfaction.

In information technology, Sankey charts are used to visualize the flow of data between different systems, such as databases or web applications. This can be particularly useful for identifying security breaches or data leaks, as well as for optimizing network performance.

Overall, Sankey charts are a valuable visualization tool for tracking the flow of data across various entities or stages. They offer a powerful way to visualize complex data flows, identify patterns and trends, and take action to improve the performance of your systems. Whether you are working in finance, supply chain management, or information technology, Sankey charts can help you gain a better understanding of your data and make more informed decisions.

SankeyMaster

SankeyMaster is your go-to tool for creating complex Sankey charts . Easily enter data and create Sankey charts that accurately reveal intricate data relationships.