Introduction
Sankey chart is a type of data visualization technique that uses a series of lines to depict the flow of information or resources through a network. It is a powerful and effective way to showcase data flow and relationship between different elements in a network. In this article, we will explore the power of Sankey chart in understanding data flow and analyzing complex networks.
Understanding Data Flow with Sankey Chart
Sankey chart is a type of network visualization technique that is used to display the flow of information or resources through a network. In Sankey charts, the nodes represent the different elements or nodes in the network, while the lines represent the flow of information or resources between the nodes. Each node can be labeled with the attributes of the element or resource it represents.
By using data flow, Sankey charts can provide valuable insights into an organization’s functions, processes and decision-making. For example, we can use Sankey charts to analyze the flow of resources between departments in an organization, identify bottlenecks in supply chain, or analyze customer relationships over time.
Creating Sankey Chart
Creating a Sankey chart is relatively straightforward. You will need to have access to a tool that can create Sankey charts, such as Microsoft Excel, Google Sheets, or a specialized data visualization tool such as Tableau. Once you have the tool open, you will need to create a new chart and select the “Sankey” option.
To create your Sankey chart, follow these steps:
1. Create the nodes representing the elements or resources through the tool’s node creation feature.
2. Connect the nodes in the graph using the tool’s edge creation feature.
3. Set the attributes of the nodes and the edges to represent the data flow and relationship between the elements.
4. Customize your Sankey chart as desired, such as by labeling the edges, changing the color of the edges, and adjusting the node sizes and colors.
Applications of Sankey Chart
Sankey chart can be applied in various domains, including finance, supply chain, marketing, education, and healthcare.
In finance, Sankey chart can be used to analyze the flow of information and resources between different departments and teams. For example, we can use a Sankey chart in a bank to visualize the flow of transactions between different departments, such as accounting, banking, and customer service.
In supply chain, Sankey chart can be used to analyze the flow of goods and services between suppliers, manufacturers, distributors, and consumers. For example, we can use a Sankey chart to show the flow of materials and components between manufacturing plants, distributors, and retail stores.
In marketing, Sankey chart can be used to show the flow of customer relationships over time, such as the number of contacts between different marketing channels, and the amount of money spent on each channel.
In education, Sankey chart can be used to show the flow of information and resources between different subjects and curricula.
Conclusion
Sankey chart is a powerful tool for understanding data flow and analyzing complex networks. By using Sankey chart, we can gain valuable insights into the relationships and decision-making processes in different domains and domains. Sankey chart can be used in finance, supply chain, marketing, education, and healthcare. By using the right tools and techniques of Sankey chart, we can extract crucial insights for better management, decision-making and business growth.

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.