Sankey charts are a type of flowchart that is commonly used in data visualization for presenting complex datasets. They can be used to show the relationships between different variables, such as the flow of money in an investment bank, or the flow of energy in a power plant. The way the data is presented in a Sankey chart can be quite complex, and this can make the chart difficult to understand or interpret.
However, once the data is properly presented, a Sankey chart can provide a detailed and insightful view of the relationships between different variables. By using color or other visual elements to highlight certain sections of the flow chart, it is possible to convey the magnitude of the flows and their direction more effectively than a traditional flow chart.
To create a Sankey chart, you will need to have a dataset of variables that you want to represent. It is also important to have a good understanding of the data and the relationships between different variables.
Once the data is in place, you can create the chart using software such as Microsoft Excel or Tableau. The most common format for Sankey charts is to use a grid of rectangles representing the different variables, and line segments to represent the flow of data between the individual data points. The color of each line segment can be used to indicate the direction of the flow, and the depth of the line segment can be used to indicate the magnitude of the flow.
Visiting a website like https://sankey.info, you can use some of the online tools available to create Sankey charts directly.
Sankey charts have a number of applications that can transform complex data. For example, in investments, Sankey charts can be used to track the flow of money between different investment products, allowing investors to see the total amount of money that is being invested in each product. In government, they can be used to visualize the flow of funds between different departments and agencies, allowing for more effective management of resources.
Another area where Sankey charts can be applied is in energy production. The flow of energy in a power plant can be visualized using Sankey charts, showing the flow of power between different components of the plant. This can provide a clearer understanding of the energy production process, enabling managers to make more effective decisions.
In finance, Sankey charts can also be used to track the flow of credit between banks, showing how large transactions are made between different clients and entities. This is particularly useful for identifying problems with the credit risk of different clients, and ensuring that banks are managing risk effectively.
Overall, Sankey charts can be a powerful tool for visualizing complex data, and can provide a clear and concise view of the relationships between different variables. By using this type of chart, it is possible to communicate these relationships in a way that is both easy to understand and insightful.

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.