Business Analytics: Data-driven Decision Making

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    Decipher the Data to Make Better Business Decisions

    Analyzing data and putting it to work for you and your business is an essential skill for executives today. But if you are not as fluent as you need to be in data and analytics, you’re not alone. According to The Data Literacy Index from Qlik, just 24 percent of the global workforce feels confident in reading, working with, analyzing, and arguing with data. You can close that competency gap by gaining the skills to transform your organization into a data-driven enterprise.

    This is not just about adding to your own professional skill set. Gartner reports that 80 percent of organizational leaders have a goal of initiating a deliberate plan to improve the data literacy of their workforce at large. Position yourself and your company to advance your data literacy and confidently lead a data-driven corporate culture.

    #1 in Canada for Open Enrolment

    SOURCE: THE FINANCIAL TIMES 2020

    What You’ll Get

    • Improved data literacy, the ability to communicate effectively with data analysts to understand when to use (and how to interpret) descriptive, predictive, and prescriptive analytics
    • Expert guidance on evaluating various data analytics tools, such as dashboards, machine learning, prediction models, and regression analysis
    • Techniques to apply scientific thinking to business, such as examining cause and effect in data analysis and designing an experiment
    • A deeper understanding of how to build a data-driven organization, including managing privacy concerns and developing strategies for cultivating evidence-based decision-making

    Program Curriculum

    Each module is designed to help you craft the narrative for your company’s data literacy by improving your own data fluency and gaining an understanding of the business value quality data and expert analytics can create for your business.

    Module 1:

    Data Basics

    Dive into the fundamentals by comparing the various types of data analysis, examining variables, and analyzing the impact of sample size and sample bias.

    Module 4:

    Regression

    Perhaps the single most essential tool in statistical modeling, regression is central to data literacy. Learn what regression does, how it fits into prediction, and what questions to ask data analysts (and yourself).

    Module 2:

    Dashboarding

    Do you know your dashboards? Understand the applications of data analytics dashboards and the use of conditional averages, distributions, regression to the mean, and hypothesis testing to devise Key Performance Indicators (KPIs)

    Module 5:

    Scientific Thinking in Business: Prescriptive Analysis

    How do you mold raw data into a business strategy? Examine cause and effect in data analysis, design an experiment, analyze causal inference without experiments, and be prepared to prescribe a response to the likely results.

    Module 3:

    Introduction to Prediction

    If futurecasting appeals to your strategic side, it’s critical to understand predictive analysis, the construction of a prediction model, the application of machine learning and AI to prediction, and the strategic implications of prediction.

    Module 6:

    Building a Data-Driven Organization

    Widen your view of data literacy to your whole workforce. Develop an organizational model for a question-driven approach to data analysis, understand privacy concerns, and formulate a strategy to build an evidence- and learning-based corporate culture.

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    Program Experience

    Try-it activities

    Peer discussion groups

    Crowdsourcing activities

    Quizzes

    Real-world applications assignments

    Live Webinar

    Who Should Attend

    • This program is designed for business leaders who engage with data teams and output reports and want to have more meaningful conversations with their analytics team, integrating data into their decision-making and also their corporate culture. This program is particularly applicable for:

      • C-Suite Executives from any industry with access to a massive data stream — such as IT services, banking and financial services, and health care — seeking to learn the language of data, to use analytics to strategic advantage, and to develop an analytics roadmap for their organization.
      • Mid-to Senior-Level Managers, such as general manager, corporate director, head of marketing, or head of strategy, seeking to garner insights from data and looking to gain a practical understanding of the applications of analytics to initiate new projects or launch new business ideas.

    Certificate

    Upon successful completion of the program, participants will be awarded a verified digital diploma by Emeritus Institute of Management, in collaboration with MIT Sloan, Columbia Business School Executive Education & Tuck School of Business at Dartmouth.

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