The Sankey Diagram in Google Sheets is best suited for visualizing data with flow-like characteristics, like energy and cost breakdowns.
Why?
The flow data type is complex and bulky. Besides, it can easily overwhelm you, particularly if you lack a suitable chart for the job. Also, you’ll be scratching the surface if you use ill-suited visualization designs to show insights into the flow data type.
We recommend you try this Diagram because it will save you time immensely. Additionally, the visualization design is amazingly simple to read and interpret.
Google Sheets has a difficult process of creating Sankey Diagrams. But we do not recommend you to get rid of the Google Sheets. You can get to an instant and ready-made Sankey Diagram in Google Sheets by installing a specific add-on in your Google Sheets.
In this blog you will learn:
While initially, the charts were used only to visualize energy flows in an engineering system, they’re now used in other disciplines and sectors of the global economy.
The chart gets its name from Matthew Sankey, a captain in the Irish Royal Engineers. During the 1890s, he used visual illustration to display the efficiency and purpose of various steam engine components.
He understood that 100% efficiency in a steam engine was almost impossible. This diagram helped the army captain to highlight the areas with significant losses.
Whenever you have materials or resources entering a process, leverage this chart to display insights into the efficiency of usage.
Keep reading because we’ll take you through how to make a Sankey Diagram in Google Sheets in the coming section.
The following video will show you how to create a Sankey Diagram in Google Sheets.
The chart makes it easy to spot the most significant changes in key metrics that matter to you. This Chart is versatile and flexible. And this means you can leverage it to track costs, materials, marketing analytics, etc.
Remember, the movement of your data matters significantly. The key goal of Sankey analysis is to display insights into how and why particular metrics are changing.
This Diagram can help you uncover the most substantial fluctuations in your data across various categories or stages that matter to you.
The size of each link and node in the diagram shows you the critical elements in your data sets.
Aside from data flow, the other key advantage of using Sankey is its bird’s-eye-view of key data points.
This high-level perspective is unbeatable, especially when you’re trying to analyze the efficiency of one of your processes, such as budget spending.
You can use a Sankey Diagram in Google Sheets to visualize data from a wide range of industries, including:
This Diagram is one of the best charts for analyzing data with flow attributes, such as materials, funds, energy, etc. Each node is connected to the other via a link. The bigger the flow lines, the higher the metric value under study. The value of each metric under study is differentiated using contrasting colors.
Let’s say your goal is to establish how you spend your household budget.
The bird’s eye view insights would be your entire household budget. You can easily use separate nodes to differentiate significant versus non-essential costs.
In this scenario, the size of each node depicts how substantial each cost is to the household. If you notice that one of the most enormous flows depicts eating at restaurants, you’ll have an opportunity to decide whether to scale down.
Google Sheets lacks ready-made Sankey Diagrams.
We’re not advising you to do away with Google Sheets in favor of other expensive tools.
This is because there’s an add-on you can easily install in Google Sheets to access insightful, ready-made, and easy-to-customize Sankey Diagrams.
The tool is called ChartExpo.
Follow the steps below to create a Sankey Diagram in Google Sheets.
A Sankey Diagram in Google Sheets says more than a thousand Pie Charts. You can use the chart to visualize data with flow-like attributes.
The chart is best suited for visualizing data with flow-like characteristics, like energy and cost breakdowns.
Why?
This data type is complex and bulky. Besides, it can easily overwhelm you, particularly if you lack a suitable chart for the job.
You’ll be scratching the surface if you use ill-suited visualization designs to show insights into the flow data type.
We recommend you try a Sankey Diagram because it will save you time immensely. Additionally, the visualization design is amazingly simple to read and interpret.