A Sankey chart is a type of diagram that displays the flow of data or information from one source to one or multiple destinations. It is particularly useful in displaying the data flow between multiple sources and destinations in a visual manner. In this article, we will explore the creation and application of Sankey charts to provide a better understanding of this data visualization technique.
Creating a Sankey Chart
Before we can create a Sankey chart, we need to define the data that we want to visualize. This data can come from various sources, such as a database, a spreadsheet, or collected data from fieldwork. Once we have defined the data, we can start creating the chart using a software tool such as PowerPoint, Microsoft Word, or a dedicated Sankey charting software. In this article, we will use a Sankey charting tool called Draw.io to create a Sankey chart.
InDraw.io, we can start by choosing a template for our chart and drag and drop the source, destination, and flow values onto the chart. We can also customize the look and feel of the chart by choosing the colors, font, and other design elements. Once we have our chart created, we can explore the data flow visually.
Applying Sankey Charts to Business Analysis
In business analysis, Sankey charts are commonly used to visualize the flow of data or information within a project or organization. This can include things such as the flow of resources within a project, the flow of relationships between departments or teams, or the flow of transactions within an organization. By using a Sankey chart to visualize this data, businesses can gain a better understanding of how the data is used and where potential bottlenecks or inefficiencies may lie.
In a marketing context, Sankey charts can be used to visualize the flow of sales or revenue from one source to another. By analyzing this data, marketers can identify key drivers of sales or revenue and identify areas where they can improve their performance.
In healthcare, Sankey charts can be used to visualize the flow of healthcare providers, patients, and treatments. By analyzing this data, healthcare organizations can identify areas where they can improve their operations and deliver better care to their patients.
Conclusion
In conclusion, Sankey charts are a powerful tool for data visualization that can help businesses and organizations understand the flow of data or information within their organization. By selecting the right data and using a Sankey charting tool, businesses can gain a better understanding of how data is used within their organization and identify areas where they can improve their performance.
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.