Fundamentals of Data Analysis (Live Online)

Are you tired of being under constant pressure to make the right number-based decisions for your organization? Are you too often overwhelmed by an out-of-control flood of data, much of it conflicting and confusing?Designed for those who have a basic familiarity with MS Excel and want to develop their ability to solve problems effectively and efficiently, this course goes beyond the qualitative side of data analysis to explore proven quantitative tools and methods for analyzing, interpreting, and utilizing data, so that more informed and reliable business decisions can be made. Take this chance to add value to your organization by increasing your productivity in handling all the information and reports that pile up in the inbox every day—and lose the angst that goes with it!Who Should AttendBusiness professionals who need the basic tools to quantitatively and accurately analyze the mountains of data that come across their desk each minute of every day to help make data-driven decisions.How will you BenefitLearn the best practices for organizing, summarizing and interpreting quantitative dataCreate a repeatable process for analyzing your dataBring out patterns in data that were not apparent at first glanceIdentify and apply tools for data analysisShorten the time between analysis and action to avoid “analysis paralysis”Recognize the value of using data to address business questions and inform decision-makingWhat you will CoverRecognizing the context and the need for informationUsing the Data as a Strategic Model (DASA) as a framing tool when approaching data analysisFraming the right questions to ensure the best resultsCollecting and organizing the “right” data for the questions being posedSelecting the right tools and techniques to analyze the dataIdentifying the relevancy of the data you can accessInterpreting and translating data into actionable insightsApplying analytical tools to your business questionsOutlineIntroductionRecognize the Value of Using Data to Answer Questions and Address Business IssuesExplain How Data Has Become the Strategic Business Asset It Is TodayDescribe the Data as a Strategic Asset (DASA) Model and How to Apply ItFraming QuestionsDescribe the Value of Using Data to Answer Business Questions and to Address Business IssuesExplain How to Identify Relevant Business Questions and IssuesFinding DataDiscover Usable Data: Its Source, Type, Value, Quality, Location, and RelationshipsProfile the Data to Determine What Is Important or RelevantOrganize and Manage Data AppropriatelyAcquire Data from Any SourceShaping the Data TableIdentify and Resolve Problems Associated with Data CollectionArticulate the Pros and Cons of Data ManipulationDetermine If Data Samples Are AdequateCreate a Table That Is Ready to Be AnalyzedAnalyzing the DataUnderstand Which Data-Analysis Tools Best Answer Common Analytical Business QuestionsArticulate How the Microsoft® Excel Analysis ToolPak and Other Programs Can Be Used for Advanced Data AnalysisChoose the Appropriate Tool and Technique to Analyze Your DataApply Analytical Tools to Answer Business Questions You Are Facing at WorkApplying the ResultsCreate Appropriate Business Rules to Take Advantage of Your Data-Driven InsightsSpecial FeatureCourse Requirements: MS Windows-based laptop with working browser to connect to the Internet via WiFi network; as well as a minimum of Excel 2019 or 365 for PC installed.