Sankey charts are a type of diagram that is often used to understand the flow of a given process. Unlike other types of charts, such as bar charts or line charts, sankey charts can help us visualize a series of interdependent components. In this article, we will explore the basics of creating a sankey chart and its applications.
What Is a Sankey Chart?
Sankey chart is a type of network diagram that represents a series of interconnected components and their flow between them. This type of diagram is useful for visualizing situations where there are multiple interdependent components that need to be understood or manipulated by individuals or organizations.
How to Create a Sankey Chart
Creating a sankey chart is relatively simple, and there are several tools available for this purpose, including Microsoft Excel, Tableau, and ArcGIS. The most common way to create a sankey chart is to draw out the different components of the process, and then connect the different parts that are interdependent.
Here are the steps to create a sankey chart:
- Draw a diagram of the process, making sure to label all of the different components.
- Connect all of the interdependent components using straight lines.
- Add flow lines to the diagram to show the direction of flow.
Applications of Sankey Chart
Sankey charts are used in various fields, including business, economics, project management, and engineering. They can help you understand how different components of a process flow between each other, and can also help you track the flow of information or resources.
Here are some examples of how sankey charts are used:
- In business, sankey charts can be used to show how different departments or teams are connected and how resources flow between them. This can help leaders make better decisions and identify areas that need improvement.
- In economics, sankey charts can be used to show how different markets are connected and how resources flow between them. This can help policymakers understand the impact of economic policies and make decisions that promote economic growth.
- In project management, sankey charts can be used to show how different activities are connected and how resources flow between them.
Conclusion
In conclusion, sankey charts are a useful tool for understanding the flow of a given process. With a few simple steps, you can create a sankey chart to visualize the flow of components and their interdependence. Whether you are working in business, economics, or project management, sankey charts can help you make better decisions and analyze complex systems more effectively.
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