Data Analysis Project Presentation: Unveiling Your Ideal Customer, Bank Custo...
Analytics from data to better decision
1. 1
From Data to better
Decision
Frehiwot Mulugeta
September 14, 2017
Data Analytics Specialist
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Outline
I. What is Data?
II. What is Analytics
Advantages of Analytics
Processes
Types
Method
Developing Insight
III. Conclusion
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Data may be your most valuable resource.
But it is more or less useless without analytics.
Analytics helps to discover meaningful trends.
What is Data?
Definition
facts generated from system or manual operations
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Some of HCMIS data are
Item Information :- Item Name, unit, Account, commodity
type, mode
Receive : Item name, quantity, unit cost, Amount
Distribution: issuer, receiver, Quantity distributed, amount
Financial: funding source, revenue, Amount of rdf & hpr
AND MORE
PFSA data sources are HCMIS system, Mbrana, I-import
What is Data . . .
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Analytics is multidimensional field
that uses mathematics, statistics, predictive modeling
to find meaningful patterns and knowledge in recorded
data.
What is Analytics?
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To visualize company performance
To see trends over time
It is a tool for business optimization
- Modify business process
To make data-driven & better decision
Advantages of Analytics
Analytics Improves data use & Fact based decision making.
7. Objective:
• Defining the objective
• Hypothesis
Data :
• Extraction, ensure high quality data,/Data cleaning/
Analysis:
• Develop Visualizations & Reports
• Developing actionable Insights
Insight:
• Interpret result
Reporting
• Disseminate result to support decision
Analytics Process
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Data preparation
manipulation of data into a form suitable for analysis
It is estimated that data preparation takes about 60%-80% of the
total time spent for data Analysis.
It is a process that involves many different tasks
Well prepared data will generate
informative insight
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Data Cleaning
Data cleaning is undertaken in order to improve the quality of data.
It involves with detecting & removing errors and inconsistencies/outliers/
from data
Data quality problems may occur at the time of data entry, trans
Good Data Quality leads to Better decision
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Data Quality
According to Research titled, “The State of Enterprise Data Quality: 2016;
Top 5 Causes of poor data quality are:-
Better Data Quality Accurate/better
Insight
Better decision
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1. Descriptive analytics
What’s happening now?
Techniques means and standard deviations
2. Diagnostics analytics
why, and how a particular problem has occurred.
correlation analysis, hypothesis test, analysis of variance
3. Predictive analytics - What is likely to happen next
-
Types of Analytics
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Descriptive mean, sum, …
Comparison
Bar charts
Changes over time/trend
Line graphs
Aggregation
Pie graphs
Relation ship/Correlation
Scatter plots
Methods of Analysis
Data preparation
- Data extraction, Data Clearing,
Reporting & disseminating result
Tableau dashboard, Infographics
Data preparation manipulation of data into a form suitable for further analysis and processing.
It is a process that involves many different tasks and which cannot be fully automated. Many of the data preparation activities are routine, tedious, and time consuming. It has been estimated that data preparation accounts for 60%-80% of the time spent on a data mining project.
descriptive stat to understand the performance at a given time;
What is likely to happen next? …. Predictive