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Data and Analytics Framework

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.

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Rohit Adhikari
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
42 views

Data and Analytics Framework

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.

Uploaded by

Rohit Adhikari
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Data and analytics framework

Data-driven Decision Making

Insights

Discovery

Putting the framework into action


Actions

Outcomes

Define the problem

Explore Data

Link Insights

Execute Plan

What is the key


opportunity?

Engage stakeholders for


perspective and concerns

Use actionable data


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

Provide Recommendations

Prioritize insights to build


actionable plans

Provide solutions that


help business to address
future challenges

Collect Data

Collect relevant internal


and external data sets

Validate the accuracy of


the data
Data-driven Decision Making

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