Sankey chart is a type of graph which is used to represent interdependencies between different variables. Sankey charts are commonly used in business analysis to reveal the complex interconnections between different entities. They are useful for businesses of all sizes to gain insights into their data, and they can streamline and improve data-driven decision-making.
Sankey charts are created using a network of lines that represent the flow of data between different entities. The size and color of the lines represent the size and weight of the flow of information between the entities. This makes it easy for everyone to understand the flow of information and to see which entities are more interconnected than others.
Sankey charts can be created using a variety of software and tools, including Microsoft Excel, Tableau, and Viziere. These tools offer a wide range of features and customization options to make the creation process as easy as possible for users.
When creating Sankey charts, there are several important considerations to keep in mind. First, it is important to identify the entities and variables that need to be represented in the chart. Second, the flow of information between these entities needs to be represented clearly and logically. Third, the chart should be interpreted and understood easily by the business analyst or decision-maker.
Sankey charts have many applications in business analysis, and they can be used to discover insights that might not be obvious through a simpler analysis. For example, they can help business managers identify bottlenecks in operations, predict future demand, and optimize resource allocation. Sankey charts can also be used in conjunction with other data visualization tools to create a more comprehensive and visually appealing presentation of the data, which can be difficult to communicate through text alone.
In conclusion, Sankey charts are a valuable tool for businesses of all sizes to gain insights into their data and streamline data-driven decision-making. With the right training and tools, anyone can create and interpret a Sankey chart with ease. By identifying the entities and variables, organizing the flow of information logically and correctly, and interpreting and understanding the chart easily, businesses can uncover valuable information that can lead to better decision-making and more informed actions.

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.