Course Description
Every day buzzwords like "analytics," "insights" and "big data," permeate the pages of our business journals. Companies and departments are well aware of their huge troves of data, and they have access to common tools for leveraging this data. However, much less available are the actual analysis skills to truly understand and realize the benefits of this information. The potential is very real, but comprehensive skills can be scarce, and outside consultants are expensive. If you have basic familiarity with Excel, this three-day course can teach you practical applied analysis techniques to leverage data for relatively common decision making methods.
This course, organized into key topic areas, leverages straightforward business examples to explain practical techniques for understanding and reviewing data quality and how to translate data into analysis of business problems to begin making informed, intelligent decisions. Get an overview of data quality and data management, followed by foundational analysis and statistical techniques. Throughout the course, you will learn to communicate about data and findings to stakeholders who need to quickly make the decisions that drive your organization forward.
At the end of the class, we provide an overview of the Certified Analytics Professional certification. We discuss business applications for professionals with the certification, the main focus areas behind the certification, test-preparation and test-taking anecdotes.
In–Class Exercises, Demos, and Real-World Case Studies
This data analysis training class is a lively blend of expert instruction combined with hands-on exercises so you can practice new skills. Leave prepared to start performing practical analysis techniques the moment you return to work. Every Data Analysis Boot Camp instructor is a veteran consultant and data guru who will guide you through effective best practices and easily-accessible technologies for working with your data. Through a combination of demonstrations and hands-on practice, you will learn to use data analysis techniques which are typically the domain of expensive consultants.
- Identify opportunities, manage change and develop deep visibility into your organization
- Understand the terminology and jargon of analytics, business intelligence and statistics
- Learn a wealth of practical applications for applying data analysis capability
- Visualize both data and the results of your analysis for straightforward graphical presentation to stakeholders
- Learn to estimate more accurately than ever, while accounting for variance, error, and Confidence Intervals
- Practice creating a valuable array of plots and charts to reveal hidden trends and patterns in your data
- Differentiate between "signal" and "noise" in your data
- Understand and leverage different distribution models, and how each applies in the real world
- Form and test hypotheses – use multiple methods to define and interpret useful predictions
- Learn about statistical inference and drawing conclusions about the population
Substitution & Cancellation Policy:
You may cancel or reschedule up to 21 days prior to the start date of the class at no penalty. For any cancellation or reschedule requests within 21 days, the full course tuition is still due and not eligible for refund. Any paid tuition will be credited towards a future class and must be used within 12 months.
*Partner delivered courses may be subject to different cancellation terms
Agenda
Section 1: Data Fundamentals
- Course Overview and Level Set
- Objectives of the Class
- Expectations for the Class
- Understanding “Real-World” Data
- Unstructured vs. Structured
- Relationships
- Outliers
- Data growth
- Types of Data
- Flavors of Data
- Sources of Data
- Internal vs. External Data
- Time Scope of Data (Lagging, Current, Leading)
- LAB: Get Started with our Classroom Data
- Data-Related Risk
- Common Identified Risks
- Effect of Process on Results
- Effect of Usage on Results
- Opportunity Costs, Tool Investment
- Mitigation of Risk
- Data Quality
- Cleansing
- Duplicates
- SSOT
- Field standardization
- Identify sparsely populated fields
- How to fix common issues
- LAB: Data Quality
Section 2: Analysis Foundations
- Statistical Practices: Overview
- Comparing Programs and Tools
- Words in English vs. Data
- Concepts Specific to Data Analysis
- Domains of Data Analysis
- Descriptive Statistics
- Inferential Statistics
- Analytical Mindset
- Describing and Solving Problems
Section 3: Analyzing Data
- Averages in Data
- Central Tendency
- Variance
- Standard Deviation
- Sigma Values
- Percentiles
- Use Concepts for Estimating
- LAB: Hands-On – Central Tendency
- Analytical Graphics for Data
- Categorical
- Continuous
- Time Series
- Bivariate Data
- Distribution
Section 4: Analytics & Modeling
- Overview of Commonly Useful Distributions
- Probability Distribution
- Cumulative Distribution
- Bimodal Distributions
- Skewness of Data
- Pareto Distribution
- LAB: Distributions
- Predictive Analytics
- A Discussion about Patterns
- Regression and Time Series for Prediction
- LAB: Hands-On – Linear Regression
- Pseudo-random Sequences
- Monte Carlo Analysis
- Demo / Lab: Monte Carlo in Excel
- Understanding Clustering
- Segmentation
- Common Algorithms
- K-MEANS
Section 5: Hands-On Introduction to R and R Studio
- R Basics
- Descriptive Statistics
- Importing and Manipulating Data
- R Scripting
- Data Visualization with R
- Regression in R
- K-MEANS in R
- Monte Carlo in R
- Demo/Lab: Hands-on R work
Section 6: Visualizing & Presenting Data
- Goals of Visualization
- Communication and Narrative
- Decision Enablement
- Critical Characteristics
- Visualization Essentials
- Users and Stakeholders
- Stakeholder Cheat Sheet
- Common Missteps
- Communicating Data-Driven Knowledge
- Alerting and Trending
- To Self-Serve or Not
- Formats & Presentation Tools
- Design Considerations