Analytics for Decision Making

McGill Executive institute

How long?

  • 4 days
  • online

What are the topics?

McGill Executive institute

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Business Analytics courses will introduce you to a popular and diverse profession. A business analyst is a specialist in many IT fields as well as in ...

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Who should attend

This seminar is for managers who want to effectively translate data analytics into business value, but do not necessarily have the technical expertise to do the analytics themselves.

About the course

The ability to use data to effectively drive decisions is an integral part of modern management. In this seminar, you will learn the theoretical and practical applications of data analytics and how they apply to decision making. You will deepen your understanding of descriptive, predictive, and prescriptive analytics. You will also learn how to use that data to develop insights through a series of exercises and case studies. Finally, participants will gain a deeper understanding of how to make data-driven business decisions within their organization. This course will enable you to be an informed and empowered manager of data. You will leave with a toolkit for making sense of data and using data to make decisions.

Key Benefits & Takeaways

  • Think critically about data
  • Differentiate between good and bad data
  • Avoiding data collection biases
  • When to use descriptive, predictive or prescriptive analytics
  • Understand different applications of business analytics across industries and sectors
  • Identify opportunities for creating value using business analytics
  • Properly structure data for your organization

Topics covered during the program

Using Data for Decision Making

  • Role of data in decision making
  • Discuss different frameworks to support decision-making in organizations

Good data and how to structure it

  • Understand the perceived value of data
  • Four V’s of data – volume, velocity, variety, and veracity

Predictive Analytics

  • Forecast the future based on past trends
  • Mine data to predict customer demand and preferences
  • Assess the quality of predictions

Prescriptive Analytics

  • Understand how to leverage data that has already been collected
  • Find the best course of action for a given situation

Experts

Jui Ramaprasad

Professor Ramaprasad joined the Smith School of Business as part of the DOIT area in Fall 2019. Prior to that she was an Associate Professor of Information Systems at the Desautels Faculty of Management at McGill University on Montreal, QC. She received her doctorate in Management, Information Sy...

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Analytics for Decision Making at McGill Executive institute

From  CAD 1 995$1,624
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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Business Analytics

What will you learn from Business Analytics courses? First of all, you will learn about the profession of a business analyst, his duties, and what such a specialist does. You will get various soft skills, such as organizing teamwork, for example, acc...

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