Descriptive Metrics
Understanding Data Analysis Tools
Data Mining Implementation
Data Goals
Creating Actionable Insights
Data Analysis Framework for Business Professionals
Methodology
Reporting on Financial Performance
The Business Value of Data Analysis 
Performance Measurement: Businesses can track performance
metrics and adjust strategies accordingly
...the most common methods include: Technique Description Applications
Descriptive Analysis Summarizes historical data to identify trends
...
Understanding Data Analysis Tools Tool Key Features Use Cases SPSS
Descriptive statistics, inferential statistics, and data management Market research, survey analysis R Studio Statistical computing, graphics, and data manipulation Academic
...are designed to analyze business data and help in decision-making processes through reporting, data mining, and performance
metrics ...
Data Mining Implementation Each methodology has its unique processes and techniques:
Descriptive Data Mining: Focuses on summarizing past data to identify patterns and trends
...Model Evaluation: Assess the performance of the model using statistical
metrics ...
Data Goals depending on the focus of the data initiatives: Type of Data Goal Description
Descriptive Goals These goals aim to summarize past data to understand what has happened in the organization
...Establish
Metrics for Success: Determine how success will be measured and monitored over time
...
Creating Actionable Insights Internal Data - Data generated from within the organization, such as sales records, customer feedback, and operational
metrics ...analytical techniques can be employed, including: Analytical Technique Description
Descriptive Analytics Summarizes historical data to understand what has happened
...
Data Analysis Framework for Business Professionals most widely used techniques include: Technique Description Use Cases
Descriptive Analysis Summarizes historical data to understand trends and patterns
...This phase involves: Setting up
metrics for success Regularly reviewing performance data Adjusting strategies as necessary Challenges in Data Analysis While the Data Analysis Framework provides a structured approach, business professionals may encounter several challenges, including:
...
Methodology Methodology Description Applications
Descriptive Analytics Focuses on summarizing historical data to identify trends and patterns
...Reporting, dashboards, and performance
metrics ...
Reporting on Financial Performance It typically includes various financial statements and
metrics that highlight key performance indicators (KPIs)
...
Data Analysis for Performance Improvement Type of Analysis Description Typical Tools
Descriptive Analysis Summarizes historical data to identify trends and patterns
...Common KPIs include: Revenue growth Customer satisfaction scores Operational efficiency
metrics Employee productivity rates Implementation of Improvements After analyzing the data and measuring performance, organizations can implement targeted improvements
...
Building Analytical Models Model Type Description Common Applications
Descriptive Models Summarize past data to understand trends and patterns
...Model Evaluation Evaluate the model's performance using various
metrics such as: Accuracy Precision and recall F1 score ROC-AUC 7
...
Geschäftsiee und Selbstläufer 
Der Weg in die eigene Selbständigkeit beginnt mit einer Geschäftsidee u.zw. vor Gründung des Unternehmens. Ein gute Geschäftsidee mit neuen und weiteren positiven Eigenschaften wird zur
"Geschäftidee u. Selbstläufer" ...
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