Sankey charts are a type of flowchart that are often used to visualize the flow of data between different entities. They are particularly useful for showing how data is transformed as it moves from one entity to another. In this article, we will explore how to create Sankey charts and the many different applications you can use them for.

What are Sankey Charts?

Sankey charts were originally developed by IBM in the 1970s as a way to visualize the flow of electrical power. They have since been applied to a wide variety of fields, including finance, marketing, and healthcare. Sankey charts are particularly useful for showing the flow of data between different entities, such as the transfer of information between departments in an organization.

How to Create Sankey Charts

Creating a Sankey chart is relatively simple. You can use a variety of software tools to create Sankey charts, including Microsoft Excel, Lucidchart, and SmartDraw. Here is a general overview of the steps involved in creating a Sankey chart:

1. Open the software tool where you want to create your Sankey chart.
2. Add the first entity to the chart. This entity will be the starting point for the flow of data.
3. Add the second entity to the chart. This entity will receive the data that is flowing from the first entity.
4. Repeat step 3 for as many entities as you need to include in the chart.
5. Connect the entities in the chart by adding arrows between them. The arrows should show the direction of the flow of data and the length of the flow.
6. Customize the appearance of the chart by choosing colors, fonts, and other options.
7. Save and export the chart as needed.

Applications of Sankey Charts

Sankey charts are useful for a wide variety of applications, including:

1. Process mapping: Sankey charts can be used to visualize the flow of a process, from start to finish. This can help you identify bottlenecks and areas for improvement in the process.
2. Data analysis: Sankey charts can be used to visualize the flow of data between different entities, such as the transfer of information between departments in an organization. This can help you identify trends and patterns in the data.
3. Project management: Sankey charts can be used to visualize the flow of tasks and resources in a project. This can help you identify dependencies and areas where resources are being overused or underused.
4. Financial analysis: Sankey charts can be used to visualize the flow of financial data, such as the flow of cash between different accounts. This can help you identify areas where expenses are being overspent or income is being underreported.

Overall, Sankey charts are a powerful tool for visualizing the flow of data and understanding how it is transformed as it moves from one entity to another. Whether you are creating a process map, analyzing data, managing a project, or conducting financial analysis, Sankey charts can help you gain a better understanding of your data and the flow of information.

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.