Descriptive Reports
Understanding Analytics Lifecycle
Operational Metrics Assessment
Using Data Analysis for Continuous Improvement
Data Analysis for Effective Training
The Business Value of Data Analysis
Understanding Data Analysis Tools
Performance
Developing Business Insights 
Focus groups, industry
reports Data Analysis Once data is collected, the next step is data analysis
...This can involve various techniques, including:
Descriptive Analytics: Summarizing historical data to identify trends
...
Understanding Analytics Lifecycle Common methods include:
Descriptive analytics (summarizing historical data) Predictive analytics (forecasting future trends) Prescriptive analytics (recommending actions based on data) 5
...This can involve: Creating visualizations (charts, graphs, dashboards) Writing
reports that summarize findings Presenting insights in meetings or workshops 6
...
Operational Metrics Assessment Reporting: Creating
reports that summarize findings and highlight areas for improvement
...
Using Data Analysis for Continuous Improvement Type of Analysis Description Use Cases
Descriptive Analysis Summarizes past data to understand what happened
...Sales
reports, customer feedback analysis Diagnostic Analysis Examines data to understand why something happened
...
Data Analysis for Effective Training Analytical Methods Various analytical methods can be used to analyze training data, including:
Descriptive Analytics: Summarizing historical data to understand trends
...Google Data Studio: A free tool for creating
reports and dashboards
...
The Business Value of Data Analysis the most common methods include: Technique Description Applications
Descriptive Analysis Summarizes historical data to identify trends
...Sales
reports, financial statements Diagnostic Analysis Explains why certain events occurred
...
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
...products Corporate analytics, financial reporting Google Data Studio Customizable
reports, collaboration features, and integration with Google services Marketing analytics, web traffic analysis Data Mining Tools Data mining tools are used
...
Performance Key components of business analytics include:
Descriptive Analytics: Analyzes historical data to understand what happened
...Reporting: Generates
reports on performance metrics for stakeholders
...
Layers This may involve:
Descriptive analysis Predictive analysis Prescriptive analysis Analysts utilize software tools like R and SAS to derive insights from data
...improvements Market expansion Business intelligence tools play a critical role in this layer, providing dashboards and
reports that facilitate data-driven decisions
...
Understanding Business Performance Metrics Collect Data Gather data from various sources, such as financial
reports, customer feedback, and operational systems
...
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