As data becomes increasingly important in our lives, it’s no surprise that data visualization has become a vital tool for businesses and individuals alike. With so much data available, it can be tough to make sense of it all and easily communicate its meaning to others. That’s where Sankey charts come in.
What is a Sankey chart?
A Sankey chart, also known as a directional flow chart, is a type of data visualization that displays the flow of data between different elements. It uses arrows to show the direction of the flow, and the size and color of the arrows can be used to represent the amount of data flowing through them.
Sankey charts are particularly useful for displaying complex networks, such as supply chains or financial transactions. They can be used to show the flow of goods or services, the movement of money, or the flow of information between different departments or individuals.
How to create a Sankey chart
There are several tools and techniques for creating Sankey charts, but most require some knowledge of programming or data visualization software. Here are a few tips for creating a Sankey chart:
- Identify the data: The first step in creating a Sankey chart is to identify the data that you want to visualize. This could be a list of transactions, a supply chain, or a network of departments within a company.
- Choose a visualization tool: Choose a data visualization tool that allows you to create Sankey charts, such as Excel, Tableau, or Grafana.
- Set up the chart: Once you have your data ready, set up the chart by specifying the source data and the target data. You can also set the chart’s dimensions, colors, and other visual properties.
- Customize the chart: You can customize the chart further by adding filters or slicers to the data, or by adding annotations or visual indicators to the chart.
Applications of Sankey charts
Sankey charts are a useful tool for visualizing complex data networks, and they have a wide range of applications. Here are a few examples:
- Supply chain management: Sankey charts can be used to show the flow of goods or services through a supply chain, from raw materials to finished products. This can help identify bottlenecks and inefficiencies in the supply chain.
- Financial management: Sankey charts can be used to visualize the flow of money between different accounts or transactions, such as income and expenses, or assets and liabilities.
- Social network analysis: Sankey charts can be used to visualize the flow of information or connections between individuals or groups within a social network.
- Organizational management: Sankey charts can be used to visualize the flow of data or information within an organization, from departments or teams to individuals.
In conclusion, Sankey charts are a powerful tool for visualizing complex data networks and making sense of even the most complex data. Whether you’re looking to optimize a supply chain, manage your finances, or better understand the flow of information within an organization, Sankey charts can help you achieve your goals.
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.
