Diagnostic Metrics
The Business Value of Data Analysis
Data Goals
Creating Actionable Insights
Data Analysis Framework for Business Professionals
Methodology
Data Analysis for Performance Improvement
Building Analytical Models
Improve Operational Efficiency 
Performance Measurement: Utilizing
metrics and KPIs to assess the effectiveness of operations
...Diagnostic Analytics Examines data to determine causes of past outcomes
...
Analyzing Data for Insights It forms the foundation for more advanced analytics techniques such as
diagnostic, predictive, and prescriptive analytics
...Quality control, performance
metrics ...
The Business Value of Data Analysis Performance Measurement: Businesses can track performance
metrics and adjust strategies accordingly
...Sales reports, financial statements
Diagnostic Analysis Explains why certain events occurred
...
Data Goals Diagnostic Goals Seek to identify the causes of past performance and understand why certain outcomes occurred
...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 ...Diagnostic Analytics Explores the reasons behind past outcomes
...
Data Analysis Framework for Business Professionals Diagnostic Analysis Explores data to determine causes of trends or anomalies
...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 Reporting, dashboards, and performance
metrics ...Diagnostic Analytics Explores data to understand why certain outcomes occurred
...
Data Analysis for Performance Improvement Excel, Tableau, Google Data Studio
Diagnostic Analysis Investigates the reasons behind past performance
...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 Reporting, data visualization
Diagnostic Models Analyze data to determine reasons behind past outcomes
...Model Evaluation Evaluate the model's performance using various
metrics such as: Accuracy Precision and recall F1 score ROC-AUC 7
...
Data Analysis Reporting, dashboards, and performance
metrics ...Diagnostic Analysis Explains why certain events occurred by analyzing data
...
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