This interactive Data Analytics for Managerial Decision Making training course in Dubai will highlight the added value that data analytics can offer a professional as a decision support tool in management decision making. It will show the use of data analytics to support strategic initiatives; to inform on policy information; and to direct operational decision making. This training course will emphasize applications of data analytics in management practice; focus on the valid interpretation of data analytics findings; and create a clearer understanding of how to integrate quantitative reasoning into management decision making. Exposure to the discipline of data analytics will ultimately promote greater confidence in the use of evidence-based information to support management decision making.
This training course will feature:
Discussions on applications of data analytics in management
The importance of data in data analytics
Applying data analytical methods through worked examples
Focusing on management interpretation of statistical evidence
How to integrate statistical thinking into the work domain
What are the goals?
By the end of this training course, participants will be able to:
Appreciate data analytics in a decision support role
Explain the scope and structure of data analytics
Apply a cross-section of useful data analytics
Interpret meaningfully and critically assess statistical evidence
Identify relevant applications of data analytics in practice
Who is this training course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
Professionals in management support roles
Analysts who typically encounter data / analytical information regularly in their work environment
Those who seek to derive greater decision making value from data analytics
How will this training course be presented?
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The daily workshops will be highly interactive and participative. This involves regular discussion of applications as well as hands-on exposure to data analytics techniques using Microsoft Excel. Delegates are strongly encouraged to bring and analyse data from their own work domain. This adds greater relevancy to the content. Emphasis is also placed on the valid interpretation of statistical evidence in a management context.
Course Outline
Day One: Setting the Statistical Scene in Management
Introduction; The quantitative landscape in management
Thinking statistically about applications in management (identifying KPIs)
The integrative elements of data analytics
Data: The raw material of data analytics (types, quality and data preparation)
Exploratory data analysis using excel (pivot tables)
Using summary tables and visual displays to profile sample data
Day Two: Evidence-based Observational Decision Making
Numeric descriptors to profile numeric sample data
Central and non-central location measures
Quantifying dispersion in sample data
Examine the distribution of numeric measures (skewness and bimodal)
Exploring relationships between numeric descriptors
Breakdown analysis of numeric measures
Day Three: Statistical Decision Making – Drawing Inferences from Sample Data
The foundations of statistical inference
Quantifying uncertainty in data – the normal probability distribution
The importance of sampling in inferential analysis