Sankey charts have become an increasingly popular tool in the field of data visualization and analysis, particularly in the world of innovation. These charts, which were originally developed in 1968 by British statistician John Piggott, are characterized by their ability to clearly visualize the relationships between flows in complex data sets. They offer a unique way to summarize and communicate large and complex information and can be used to examine different data streams or processes in a way that is much easier to understand than traditional line or bar graphs.

The key function of a Sankey chart is its ability to represent complex data streams as a series of interconnected flows. The chart consists of a series of nodes or sources that represent sources of data, and their branches represent the data streams. Each branch then connects to other nodes or sinks, further breaking down the data streams into distinct segments. By visualizing this flow, we can easily see the relationships between the various data sources, sinks, and flows.

Sankey charts are a great tool for exploring complex data flows that are difficult to visualize or comprehend through other techniques, such as line or bar graphs. They offer a clear and concise representation of the data, with each different segment representing a different data stream. This makes it easy to see the different areas of the data, the different processes, and the way they interact with each other.

Another great application of Sankey charts is in the field of innovation. Innovators use Sankey charts to track different data streams in their research or development process. They can see the relationships between different data sources, like sources of funding, teams, and technical expertise, and how they are related to the different data streams within the project. By visualizing these relationships, the innovators can see the different areas of the innovation process that are most important and see how they are related to each other.

In addition to being a useful tool for exploring and analyzing data streams, Sankey charts can also be useful for visualizing the relationships between different data sources or processes. For example, in an innovation process, innovations can be represented as nodes, and the links between them can represent different relationships between different teams or stakeholders in the process. Through this visualization, it is possible to see the different areas of the process that are most important, the interdependencies between different teams, and the different stakeholders who are involved in the process.

Sankey charts are a great tool for exploring and analyzing complex data, whether you are interested in innovation or not. They can help you understand how different data streams are connected and their interactions, which can be crucial for making informed decisions and taking action to improve or optimize your project.

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.