Empowering Decision Making with Business Analytics

Program Overview

Despite such high availability of data, much of it remains underutilized as organizations face challenges in extracting value from data. Many data analytics initiatives don't provide actionable insights, and decision-makers have to rely solely on intuition and gut-driven decision-making. This program aims to provide a holistic understanding to the participants of undertaking any data analytics initiatives. The program would enable the participants to strengthen their intuition-based decision-making with sound analytical methods and thereby take appropriate interventions in creating value with their data analytics initiatives. The data-driven approach to decision-making would give credence to their assessments and decisions. The program would focus on identifying stakeholder behavior and patterns by analyzing data from different perspectives, including individual units, clusters, and time series.

Learning Outcomes

  • Apply the principles of Statistics, Operations Research, and Information Technology in data analytics.
  • Analyse real-time, structured, and unstructured big data for data-driven decision-making.
  • Comprehend challenges and opportunities in leading organizations toward decision-driven data analytics

Who should attend?

The program is designed to help the teams/managers/leaders leverage the power of data analytics for effective decision-making. Businesses that deal with vast realms of data would find practical and innovative ways to handle different kinds of structured and unstructured data.

Program Content

Finding Right Opportunities for Analytics

Storytelling with Data

Forecasting Business/Industry Developments

Digital Transformation

Profiling with Data

Building and Evaluating Classification Models

Describing the Data

Generating and Testing Hypotheses

Developing a Prescriptive Analytics Solution

Estimating Key Parameters

Deciphering Data Anomalies

Data Driven Approach for Risk Analysis

Generating Insights through Data Visualization

Building Prediction Models

Empowering the decisions:  ML& AI

Deriving Value with Integrated Analytics Approach

Sensing the Sentiments

Capturing ROI of Analytics

 

For any queries related to this program

Email- exedu@iimamritsar.ac.in

Contact No. +91 7814901106  and +91 7589561125

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