A Sankey diagram is one of the most popular low diagrams that depict flows between different parts of your data. In addition, the chart presents the data in a balanced manner that the wider the link, the greater the quantity flow. The diagram has a killer structure in that the nodes are interconnected by links from one to the other to create a continuous data structure.
When visualizing data using a Sankey chart, the flows can be combined or split and traced through different stages. Also, you can easily draw a potential business opportunity from all the visualization activities, giving you a competitive opportunity compared to your competitors. If you have a complex data process that you intend to visualize a single process within it, a Sankey diagram has your back covered.
Sankey Diagram: The Most Common Use Cases and Examples
How do you work out the efficiency of a Sankey diagram?
Divide the useful energy by the total energy, and you will get the efficiency between 0 and 1. Multiply by 100 to find the efficiency percentage.
They are a good choice for making insightful data choices vital when analyzing different aspects such as money, energy, or time. Another crucial element of Sankey diagrams is their versatility in data processing. A Sankey diagram is the best choice if you want a detailed view of things from your data.
Drilling down into different data elements may seem daunting if you do not have an efficient tool to help you do the work. If you have access to a Sankey chart, you stand a better chance to dig deep into your data and collect vital insights that you can utilize in decision-making. A good example is Tai Chi, which uses a Sankey chart to stimulate the flow of the practitioner’s life energy and bring clarity.
In addition, a Sankey chart helps data scientists simplify the data, giving them a more refined data version they can handle. Apart from simplifying the data, the tool does the work faster rate making the work extremely easy for data professionals.
How Data Scientists Use a Sankey Chart?
Sankey diagrams do a great job within the healthcare sector depicting data flow from one point to another. They monitor patients’ movement from one department to the next until they leave the hospital after treatment. Also, it connects every diagnosis undertaken with the given medications creating a streamlined system and movement of activities to enhance the well-being of patients.
The finance sector is one of the other crucial sectors where Sankey diagrams are applied to monitor and analyze financial flows. Therefore, the finance sector is a key area that needs powerful management features to ensure that everything is running in the right direction. For example, analyzing all the bank earnings and net profit diagrams involving any transaction would be best.
What type of data does Sankey diagram use?
A Sankey chart illustrates financial and material flow anomalies within a given organization. This is crucial in showcasing how resources flow from one department to the next, helping stakeholders understand the business’s progress. Retail is another essential sector where you will find out Sankey charts aiding business operations.
The retail sector incorporates different sectors that work as a team to attain a uniform goal. A Sankey diagram depicts operations between one department and the other creating a collaborative business environment that enables the respective company to achieve a uniform goal. In addition, managing orders within a retail business may be challenging if you do not have a good strategy to manage the process.
Within the manufacturing sector, Sankey charts play a crucial role in analyzing the mass flows within the production lines. It’s automatic that the manufacturing sector involves many machines working together to attain a uniform goal. Once you incorporate a Sankey chart into the mix, it becomes easier for the business stakeholders to monitor the dynamic flow of materials for the products under production.
How did the Sankey diagram display its data?
In the high-tech sector, Sankey charts are used to generate ratings such as the top products ranking high in different countries across the globe. It also plays an integral role in depicting the number of users or evaluating the relationship between the bugs. This creates a better opportunity for fixing priorities and analyzing issues likely to erupt within the tech sector.
The energy and utility sector utilizes Sankey charts in different sections to analyze and evaluate the transmission of flows across the system. It aids in exploring the energy mix and the energy consumption rate across the system. Also, Sankey charts monitor the amount of steam and electricity that enters the manufacturing plant across the offset sources.
Communication is another crucial sector where Sankey charts segment and evaluate the relationship between the two communicating ends. This aids in assessing the relationship between the customer segment as well as the product segment. Once this is done, monitoring the connector between the two and some areas that need improvement to create a better business relationship becomes easier.
How do you organize data for a Sankey diagram?
Sankey charts are used in the public sector to help analyze migration crises across the member states. Also, it’s a good choice to present the cost of living and some of the products consumers spend a lot of money purchasing. Upon identification, the respective department is responsible for streamlining the economy to create a better working environment for its people.
Researchers utilize a Sankey diagram in their daily operations, researching different scientific aspects. Conducting research may seem to be a walk in the park, although thongs may turn south if you are not equipped with the proper tools to help you facilitate the process. This is where Sankey charts help draw conclusions and analyze large data sets within the shortest time possible.
The consumer products companies used Sankey charts to showcase the relationship between the sums of sales recorded within different sections of the company. Also, it’s used to identify the distribution of products across different regions.
Conclusion – Sankey Diagram: The Most Common Use Cases and Examples
Do you need to learn more about flows within a company environment? A Sankey chart portrays everything you need to learn and master regarding data flow from one point to another. Besides, they are vital tools, especially if you want to uncover hidden data insights, since they have powerful features that enable them to dig deep into data ad present insights that can be implemented in business operations. Therefore, it’s high time business owners adopt Sankey diagrams to depict organizational flows.