In The World of Business Analytics, data flow is a vital concept. Understanding how data flows can guide decision-making and provide actionable insights. A Sankey chart is a powerful tool for visualization data flow patterns. In this article, we outline a step-by-step process to create a Sankey chart for your data visualization needs, showcasing applications and best practices in exploring hidden connections and trends.

Steps to Create a Sankey Chart:

Step 1: Define the Objectives
Understand the purpose of your Sankey chart. Are you trying to show the flow of resources, such as production, energy, or water? Is it about tracking a project’s progress through phases? Ensure the data flow chart aligns with your objectives.

Step 2: Collect Data
Ensure the data is available and accurate. You may need to compile data from multiple sources or manually enter values. Sankey charts require a set of data that can be represented through flows.

Step 3: Select a Design
Choose a design that best fits your objectives. A simple layout will suffice for basic data flow charts, while advanced designs like color coding systems are suitable for more sophisticated data analyses. The Sankey chart must be clear and easy to understand.

Step 4: Create Sankey Chart
Using software or design tools, create the Sankey chart. Ensure that the data flow is unambiguous and that you are able to read the chart with ease.

Step 5: Customize Sankey Chart
Customize your Sankey chart to fit the purpose. Add text labels to explain the data flow patterns and highlight critical points. Ensure that the chart design is visually appealing.

Sankey Chart Applications:

Sankey charts can be applied in various sectors, including Business Analytics, Engineering, Public Policy, and Marketing to name a few. They can help visualize data flows related to a product’s life cycle as it moves through stages. Also, they can track the flow of goods or produce, such as agriculture or manufacturing.

Best Practices in Sankey Chart Creation:

1. Ensure that the data flow represented through the Sankey chart is accurate and complete.
2. Consider the design and layout before creating your Sankey chart.
3. Use labels and legends to explain the significance of each data flow.
4. Regularly update your Sankey chart with new data to reflect the current situation.
5. Use color to represent different data flow types, like the flow of electricity, water, or oil.

Conclusion:

Sankey charts provide a unique way of visualizing data flow patterns that go beyond the traditional bar charts or line charts. With their customizable design and applications, they offer a powerful tool for exploring and identifying hidden connections between data flows in various sectors, such as engineering, finance, and marketing. Use Sankey charts wisely to make informed decisions based on the insights they provide.

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.