Sankey charts are a type of flowchart that are used to visualize and analyze the flow of materials, money, or other entities between different nodes or regions. They are named after Rudolph Sankey, an English economist who developed the chart as a way to represent the flow of goods and services in international trade.
One of the main advantages of Sankey charts is that they allow you to easily see patterns and trends in the flow of data. For example, you can use a Sankey chart to visualize the flow of money between different accounts, or the flow of materials between different plants or regions. By comparing the flow of different entities, you can identify bottlenecks and areas where improvements can be made.
To create a Sankey chart, you can use a variety of tools, including Excel, Visio, or specialized Sankey chart software. Once you have your data organized, you can create the chart by connecting the nodes and indicating the direction and amount of flow between them. You can also add labels and other visual elements to make the chart more informative and engaging.
There are many different applications of Sankey charts, including in finance, logistics, and marketing. For example, a Sankey chart could be used to analyze the flow of funds between different accounts in a financial organization, or to visualize the flow of goods between different suppliers and customers in a supply chain.
Overall, Sankey charts are a useful tool for visualizing and analyzing the flow of data, and can be a valuable asset for anyone looking to optimize processes or identify areas for improvement. With their easy-to-understand visual representation of complex data flows, Sankey charts can help you make more informed decisions and drive better outcomes.
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.