Sankey charts are a type of flow diagram that is used for visualizing complex data flows between multiple sources and destinations. These charts are particularly useful when analyzing data that involves multiple factors, such as supply chain management, logistics, and project management.
Sankey charts can be created in many software and online tools. Some of the most popular ones include Venn Diagrams, Matplotlib, and R. These tools allow users to create sankey charts, modify their design, and generate visualizations using different colors, line widths, and other markers. Users can also customize their sankey charts by adding additional elements like flow arrows, labels, and legends.
Once a sankey chart is created, users can use it as a tool for analyzing data. This analysis can be done by following specific steps laid out below by following the below steps:

1. Identify sources and destinations: Identify which factors you want to represent in the flow diagram. These should be the sources and destinations of the flow. Each source represents one factor that flows into the chart, and each destination represents one factor that flows out of the chart.
2. Determine flow directions: Determine how the flow is represented in the sankey chart. This decision can be based on the direction in which the flow flows or based on the direction in which the chart will be printed. For example, if you are printing the chart, you need to determine whether the flow is in the same direction as the print order.
3. Create the chart: Use any of the software tools to create the sankey chart. You can choose different colors, line widths, and markers to make your chart visually distinct. It’s also possible to add labels, flow arrows, and legends to your chart to make it more readable.
4. Interpret the data: Once you have created your sankey chart, you can begin to interpret the data it represents. Look for patterns, and try to understand how the flow of data is related to other factors.

Apart from exploring factors’ flow, Sankey charts can be used for several applications related to various industries:
1. Supply Chain: Supply chain is a complex set of interactions between suppliers, manufacturers, and retailers. Sankey charts can help visualize how the flow of products between these different stages of the supply chain.
2. Engineering: For any engineering project, factors like the materials used, the production process, and the quality control can be visualized using sankey charts.
3. Financial Markets: Sankey charts can be used in financial projects to visualize the flow of money flowing from investors to businesses, or the flow of assets within a corporation.

In conclusion, Sankey charts are a great tool to visualize data flows, particularly in industries where multiple factors need to be tracked and analyzed. They are also helpful for people who want to understand the direction in which the factors are flowing, including investors, policymakers, and business owners. With the increasing demand for data analysis tools, Sankey charts are sure to play a major role in this field in the near future. However, it is important to bear in mind that they can be complex to create and interpret, and require some knowledge of graphs and charts.

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.