Sankey charts are a powerful visual tool for analyzing and displaying data flow. With its distinctive layout and easily understandable format, sankey charts allow you to easily pinpoint flows and flows of importance and can be a valuable tool for any analyst or business manager.
What is a sankey chart?
The central concept behind sankey charts is a flow diagram, but it has some differences. A flow diagram shows how elements flow from one source or location to another, whereas a sankey chart can be used to chart the flow of data from one source or location to another.
The sankey chart is composed of three types of elements: nodes, links, and flows. A node is a point and can represent anything such as a person, place, or process. Links represent an exchange of data, information, or energy between two nodes. Flows are the actual flows of data, information or energy between two nodes, represented by arrows.
How does a sankey chart work?
To create a sankey, you simply need to gather a list of nodes, links, and flows. With Node Analysis, you can easily map your data to nodes. For each node, you may want to include a label explaining the origin and destination of the data. In the next step, you will need to create links. For example, in a production planning example, these links might be “Orders” that flow to “Production Manager” and “Production Manager” that flows back to “Orders.” The nodes are placed appropriately based on the scale of the chart and connections are made using the arrows.
Finally, you need to adjust the color and size of nodes and links to make a sankey chart that is both easy to understand and visually appealing.
Applications
Sankey charts have a variety of applications, and they can be used to solve different kinds of problems. For example, in marketing research, sankey charts can depict how customers flow through the sales funnel, focusing on where sales are coming from and how they change. For finance, they can show how cash flows in an organization, which is of particular interest if your company is concerned about managing its finances wisely. In healthcare, sankey charts can help visualize the flow of patient data during health care visits, which is critical for tracking patient progress and ensuring data integrity.
The sankey chart gives easy-to-read and concise data analysis. They simplify the data flow analysis and visualize it in a format that is intuitive and meaningful to the viewers.
Conclusion
Sankey charts bring clarity and insight to data analysis. They simplify and visualize the data flow and help you pinpoint flows of interest. Sankey charts are an efficient and effective way of representing data flow and flow analysis. They are a powerful and accessible tool for anyone interested in data analysis or data visualization. With sankey chart, anyone can quickly and easily create a flow diagram to understand the data flow within their organization or within their business.
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.
