Sankey chart is a diagrammatic representation of the flow of data or information between different components. It is particularly useful in visualizing complex data and processes that involve many interacting elements. In this article, we will discuss how to create a Sankey chart and its various applications.
Creating Sankey chart
Creating a Sankey chart involves two main components: nodes and links. The nodes represent the elements of the system that are being depicted, while the links represent the flow of data or information between these elements. There are several common types of nodes, such as inputs, outputs, and intermediate nodes. For example, a Sankey chart for a manufacturing process might have nodes representing the inputs from raw materials, intermediate steps, and outputs of finished products. And nodes could be linked based on the flow of data or information they represent, such as the flow of raw materials to intermediate steps, or completed finished products to waste or scrap.
To create a Sankey chart, you can use a diagramming tool such as Microsoft Power BI, Google Sheets, or online Sankey chart software. With these tools, you can input the data and visualize the flow of components in a simple and intuitive manner.
Applications of Sankey chart
Sankey chart has a wide range of applications, including but not limited to:

1. Analyzing supply chain management: A Sankey chart can be used to visualize the flow of raw materials from suppliers to manufacturing plants, and the flow of raw materials back to suppliers after manufacturing. This can help identify areas for improvement or inefficiencies in the supply chain.
2. Examining energy distribution: Sankey charts can be used to visualize the flow of energy resources, such as electricity or gas, in different regions or industries. This can help policymakers understand the impact of energy policies on different regions or industries.
3. Monitoring economic growth: Sankey charts can be used to visualize the flow of investment in different sectors or industries, and the flow of income and output from those sectors. This can help policymakers understand the impact of different economic policies on different regions or industries.
4. Visualizing financial flows: Sankey charts can be used to visualize the flow of capital, such as loans and investments, within a company or a financial institution. This can help borrowers and lenders understand the relationship between their investments and returns.

In conclusion, Sankey chart is a powerful tool for visualizing complex data and processes. With the right tools and knowledge, it can be used in a wide range of applications, including supply chain management, energy distribution, economic growth, and financial flows. By creating and understanding Sankey charts, we can gain a deeper understanding of complex systems and make better decisions based on that 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.