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NUS Institute of Systems Science

NICF - Data Driven Decision Making

Feb 7, 2020
Singapore, Singapore
SGD 963 ≈USD 702
SGD 963 per day

How it works

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Description

Data-driven decisions perform significantly better according to a study led by the MIT Centre for Digital Business. One barrier to data-driven decision making is the shortage of experienced talent in analytics.

Data modelling and engineering is the role of data scientists or data analysts, business leaders and managers have a critical role to play at the beginning and at end of the process, framing the problems and analysing the results to provide the recommendations for sound decision making. These managers’ equally need to know and understand data science, combining it with their knowledge of the business and the business needs, to address challenges faced by the organisation.

When presented with analytics output, business decision makers commonly have the following questions and uncertainties. It is necessary for the end consumers of data analytics to know how to discern good analytics work from a poor one.

Key Takeaways

At the end of the course, participants will be able to:

  • Ask the right questions to evaluate model goodness and validity
  • Interpret common model outcomes and applications
  • Understand the benefits and risks of applying particular analytical outcomes
  • Understand the difference between various discipline areas such as statistics, machine learning, and operations research
  • Understand competencies required of a data driven project
  • Do a quick evaluation of a project given the organisation data and analytics maturity level
  • Make recommendations for a project to succeed in the above context

What Will Be Covered

  • An overview on data and analytics process and life cycle
  • Reliability and validity check for data analytics model
  • Common model results interpretation and application
  • Different schools of modelling techniques
  • Strategy for data-driven projects

Who should attend

Any working professional who is interested in using data and analytics to address business issues; to be able to frame the problems and analyse the results of an analytics project to ensure sound decision making.

Experts

Throughout my years of data and analytics, I've been fortunate to be involved in some amazing projects, and meet some remarkable people. These have helped me to develop my uncompromising passion for the art of data driven decision making. Data, report and analytics are so often thought of as bas...
Mun Kew is appointed as Director, Graduate Programmes of ISS. Prior to joining ISS, Mun Kew held multiple positions with the National Library Board, Singapore, as CTO, Deputy CIO & Director CIO Office, and Director, Digital & Knowledge Infrastructure Division. As Deputy CIO, he was respon...
Nirmal is an Analytics professional with 18 years of experience in building practices from ground up in Asia. He has Co-founded and successfully exited from two Analytics companies. The first was Fractal Analytics, India’s leading third party analytics provider and the second: Mobius Innovations,...

Next dates

Feb 7, 2020
Singapore, Singapore
SGD 963 ≈USD 702
SGD 963 per day

How it works

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