Sankey charts are a type of data visualization that is becoming more popular in recent years. These charts have unique features that make them a powerful tool for turning raw data into insightful insights.
So what is a sankey chart? They are a type of non-directional network visualisation that uses a central “sankey” node (which is a central core) and its inputs/outputs to represent a flow of data or information. They are used to show the direction and magnitude of flows over time or between different time periods.
One of the major advantages of sankey charts is their ability to show relationships between variables. They can help you to identify patterns, trends, and connections between different pieces of data. For example, you could use a sankey chart to show the flow of funds between different projects or departments within a company. Using a sankey chart would allow you to gain a deeper understanding of the relationships between the data points and how they relate to each other.
In addition to their ability to show relationships between variables, sankey charts are also great for showing time-series data. They can help you to visualize the flow of information or data over time, helping you to spot trends or patterns that might not be immediately evident from looking at a single time series.
Sankey charts can also be used to compare different datasets or datasets with different timescales. This allows you to see how different factors affect each other, or to analyze how different datasets fit together in a specific timeframe.
However, like any other type of data visualization, sankey charts also have their limitations. They are best suited for visualizing relationships between variables, but may not be as useful for visualizing individual or categorical variables. Additionally, sankey charts can be a little more difficult to read than other types of charts, but for those who are familiar with their format, they can provide a clear and concise way to understand large amounts of data.
Overall, sankey charts are a powerful tool for analyzing data and generating insights. With their unique features, they have the ability to show relationships between variables and time-series data, making them an excellent choice for anyone looking to gain a deeper understanding of their data.

SankeyMaster

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