Sankey chart is one of the most powerful tools for visualizing data flow, and it’s easy to understand and use. The basic idea of a Sankey chart is to represent a flow of resources or flow of information from one node to another, using the flow of a fluid analogy. The chart consists of multiple arcs that represent the flow of a substance in a network.
One of the most interesting things about a Sankey chart is that it allows you to easily explore patterns and relationships between data points without having to rely on complicated equations or formulas. It’s a visual representation that’s simple to understand and use, even if you’ve never done it before.
In terms of applications, a Sankey chart can be used in a wide range of fields, including finance, healthcare, logistics, and more. For example, in the finance industry, Sankey charts can be used to explore the relationships between different financial flows, such as flows of capital, expenses, and income. In Healthcare, Sankey charts can be used to explore the flows of patient volume, treatment intensity, and diagnostic results.
Another popular application of Sankey chart is in supply chain management. In logistics and supply chain management, Sankey charts can be used to visualize the flows of raw materials, manufacturing, and final products, and the relationships between each of these flows.
Overall, Sankey charts are a flexible and powerful tool for visualizing data flow. They have numerous applications across a variety of fields, making them a valuable tool for businesses and organizations looking to gain insights from their data. With the increasing trend of data visualization, as well as the growing reliance on data-driven decision making, Sankey charts are here to stay and will continue to play a crucial role in the future of data visualization.
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.