Sankey charts are a type of network chart that are used to visualize the flow of materials, information, or money through a system or process. They are also known as flowcharts or funnel charts, and are often used to show the distribution of resources or the breakdown of costs in a given process. The Sankey chart is named after the British engineer and statistician Charles Sankey, who developed the chart in the late 19th century.
One of the main advantages of Sankey charts is their ability to easily show the relationship between different nodes in a network and the flow of resources or information between them. They are particularly useful for showing the efficiency of a system, as well as areas where improvements can be made. Additionally, Sankey charts are relatively easy to create using a variety of online tools, making them a popular choice for businesses and organizations looking to visualize their operations.
There are many different applications for Sankey charts, and they are commonly used in a variety of industries, including finance, manufacturing, and logistics. For example, a Sankey chart could be used to visualize the flow of funds through a financial institution, showing how money is allocated between different departments or processes. In manufacturing, a Sankey chart could be used to show the flow of materials through a production line, highlighting areas where materials may be wasted or delayed.
One of the key features of Sankey charts is their ability to easily show the relative importance of different nodes in a network. This makes them useful for showing the impact of different factors on a given process, or for identifying areas where changes could have a significant impact on the overall network. Additionally, Sankey charts can be customized to show different levels of detail, making it possible to zoom in on specific areas of the chart and see more granular information.
In conclusion, Sankey charts are a powerful tool for visualizing network flow and contribution. They are easy to create and are widely used in a variety of industries, making them a valuable addition to any organization’s data visualization toolkit. Whether you are looking to improve the efficiency of a process, identify areas where changes could be made, or simply understand the flow of resources or information through a given system, Sankey charts are an excellent choice.
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.