The document outlines a data and analytics framework for data-driven decision making. The framework involves defining a problem, developing hypotheses, exploring available data, analyzing the data to validate hypotheses, linking insights to metrics and outcomes, executing a plan based on insights, and collecting outcomes data to refine future solutions. The goal is to use qualitative and quantitative analysis of internal and external data to generate actionable insights, recommend solutions, and ensure plans meet business objectives.
The document outlines a data and analytics framework for data-driven decision making. The framework involves defining a problem, developing hypotheses, exploring available data, analyzing the data to validate hypotheses, linking insights to metrics and outcomes, executing a plan based on insights, and collecting outcomes data to refine future solutions. The goal is to use qualitative and quantitative analysis of internal and external data to generate actionable insights, recommend solutions, and ensure plans meet business objectives.
insights to explain past outcomes and predict the future landscape
Link insights to financial
and operational metrics to specify impact and aid decision making
Develop clear pathways
of how insights will be delivered to the right stakeholders at the right time
Ensure the plans meet
long term business objectives and help refine solutions in the future
Explore data sets to
understand how they would help in accepting or refuting the hypotheses
Develop Hypotheses
Analyze Data
Answer what is likely to
happen?
Use information from
stakeholders and other knowledge to refine hypotheses
Choose the hypothesis for
which the best data exists
Use Qualitative and
Quantitative analysis techniques to use data to validate the hypotheses Convert outputs into userfriendly formats and visualizations that will help different stakeholders understand the analysis