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Data Analytics For Business

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63 views10 pages

Data Analytics For Business

Uploaded by

SOORAJ B
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Data Analytics for

Business
Introduction to Data Analytics

Data Analytics Teams Analytics Dashboards Data Visualization

The importance of building effective teams A brief overview of how dashboards can How we visualise data in a way that is easy
to gather, analyze, and interpret data. provide meaningful insights. to interpret and leads to actionable insights.
Types of Business Questions Answered by Data
Analytics
Financial Analysis Market Research Operational Improvement

How to improve revenue, reduce costs, Understand consumer behavior and Increased efficiency in manufacturing,
and make better informed financial market trends to make better strategic supply chain, and other operations-
decisions. decisions. related activities.

Risk Management

Identify potential risks and mitigate them in a timely manner.


Data Collection and Cleaning
Data Cleaning

Ensure that the data collected is clean, accurate, and reliable.

1 2 3

Collecting Relevant Data Transforming Data

Determine what data to collect that will help answer your Convert data into a format that can be used for analysis and
business questions. modeling.
Data Visualization and Communication

Pie Charts and Bar Graphs Heat Maps and Line Graphs Data Visualization Tools

Useful tools to represent data to Techniques to help identify trends and Overview of popular data visualization
communicate insights clearly. patterns in complex data sets. software tools, like Tableau and PowerBI.
Common Statistical Techniques for Data Analysis

Inferential Statistics

Techniques to make predictions or generalizations about a


larger population from a smaller sample.

1 2 3

Descriptive Statistics Hypothesis Testing

Techniques to describe data such as mean, median, and mode Techniques to ensure that the conclusions and insights drawn
measurements. from data analysis are meaningful and accurate.
Predictive Modeling and Machine Learning

Predictive Modeling Machine Learning Data Analysis Models

Learn how past and current trends can be Techniques for feeding large data sets into Overview of predictive modeling and
used to make predictions about future AI and computing algorithms to make machine learning techniques, like regression
trends. decisions without any explicit instructions. analysis, decision trees, and random forests.
Best Practices for Implementing
Data Analytics in Business

1 Start with a Problem 2 Prioritize the Data

Finding a business question to Make sure the data you work


solve is key when starting to with is relevant and accurate, and
work with data analytics. that it is coming from diverse
sources when considering your
analysis.

3 Keep it Simple

Ensure analytical methods are easy to understand and transparent to your team.
Conclusion

An Essential Tool Increased Business Future of Data Analytics


Intelligence
By applying data analytics, companies As data analytics models continue to
can extract, analyze, and interpret large Breezy turnaround times with analytical improve, they will greatly benefit
volumes of data and leverage this end-to-end workflows lead to quick and businesses by identifying new
powerful technique to help identify accurate decision-making, saving time opportunities and solutions to complex
opportunities for growth and improve and money in the process. industry problems.
their operations.
Thank You

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