Unlocking data insights is a common goal that businesses aim to achieve. Sankey charts, a type of chart that illustrates the flow of data in an interconnected network, provide a powerful tool for visualizing and analyzing business data. With the help of sankey chart creation software, we can create intricate charts that highlight the connections and flow of data across various departments or functions in a business.

In this article, we will delve into the basics of sankey charts and discuss their applications in the business world. We will also provide you with a step-by-step guide to creating sankey charts using free software.

What are Sankey Charts?

Sankey charts are a type of network diagram that uses horizontal and vertical segments to illustrate the flow of data from one component (the source) to another, and then back again.

The segments on a sankey chart typically range in size from 1 to 4, depending on the type of data being visualized. Each segment depicts the flow of information from one source to another, as well as the backflow of information from all sources back to the main node at the bottom of the chart.

For example, imagine a business that produces multiple products and sells them through different channels. The sankey chart could show the flow of data that moves between the different product lines, departments, or sales channels. This visualization would show how the data flows throughout the business.

Steps to Creating Sankey Charts with Free Software

Creating sankey charts can be done with free software available online, such as Tableau, Jaspersoft, and others.

Here are the steps to create a sankey chart using free software:

Step 1: Determine the data

Determine the data or variables that you want to visualized in your sankey chart. It is important to have a clear understanding of the data you are working with.

Step 2: Select the type of sankey chart

Sankey charts can be created using multiple types of connectors. There are three types of connectors at the intersection of the segments: straight (with no bend), curved (with a bend), and circular (full circle).

Step 3: Add data to the chart

Once you have determined the data variables and type of chart, you can add the data to the chart to create your sankey chart.

Step 4: Customize the chart

Finally, customize the chart as desired to ensure the visual appeal and clarity of the information.

The Importance of Using Sankey Charts for Business Insights

The use of sankey charts can provide valuable insights into business data by highlighting the flow of information between different departments or functions. Sankey charts can help businesses to identify bottlenecks in the flow and streamline the dataflow to ensure that information is processed efficiently.

Incorporating sankey charts into your business strategy can also help to ensure that all departments are working towards the same goals and objectives. It provides a clear, visual representation of the data flows, allowing employees to see data at a glance and understand how the data flows between different departments or branches of the organization.

In conclusion, sankey charts can be a powerful tool for businesses in unlocking data insights. By using sankey chart software, companies can create custom charts to visualize the flow of data in their business. This can help to identify bottlenecks in the flow of data and streamline the process to ensure timely and accurate information.

SankeyMaster

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