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There are many sources of data. ERP, CRM, BI, EPM, POS to name a few. However, Finance, Ops, Sales, Marketing, Business Analytics, and support groups like Strategy, IT and HR that need to analyze data are challenged to exploit these data sources to uncover insights for better decisions because of two predominate reasons; (1) they are relegated to spreadsheets that limit the size of the data and analytics that can be productively performed, and (2) its personnel lacks the skills to systematically approach the analysis of data. This course is focused on the latter weakness to enable analysts, managers, and directors to think “systematically” to exploit data for high value insights, regardless of the tool being used. Systematic thinking also extends to assembling/cleaning data that’s needed to make meaningful analyses. This course will further provide basics in AI and ML, tools and techniques for unbiased forecasting and budgeting throughout finance and operations, and applications of advanced analytics in business.
If you are responsible for analyzing data and providing insights for data driven decision making, you will gain the necessary knowledge by attending this module.
This module builds the needed “take home” capabilities to utilize and implement analytics. We start with the “How To” implement your first analytics project then to tackle the first issue of gaining bandwidth for analytics by cutting the 65% to 85% of time currently spent on data capture and report compilation. Next, you can only go so far with Excel, after which other tools for deeper insights are required. We explore tools and techniques for unbiased forecasting, as well as, practical examples of advanced analytics for better decisions throughout finance and operations that increase forecast accuracy and forecast horizon. We will also develop skills to tell a “story” to decision makers. Too often, too much time is spent to make “pretty” dashboards that add no value to decisions, or produce statistical reports that confuse executives. Through group interactive exercises, we’ll develop the framework to tell a “story” that gives insights without overwhelming with detail or complexity, and how to “sell” the culture of analytics for data driven decisions.
The analytics workshop will enable you to be hands-on with the premiere Aurora LightZ™ AI-Enabled analytics tool. LightZ intuitive Excel style interface enables development of examples of storytelling with analytics.
If you are responsible for analyzing data and delivering insights you will gain necessary knowledge by attending this module.
Many executives and managers have a vision for analytics, however, the implementation often eludes or delays due to a lack of details or the ability to express to others the cross-connections and value propositions. The Academy will crystallize and articulate the Roadmap to implement an analytics culture for data driven decisions to give clarity and voice to the four main components of Mindset, People, Process, and Systems. These components must align for a successful analytics implementation. You’ll learn to know and avoid the common mistakes and misconceptions to establish an analytics culture; understand the applications of advanced analytics, predictions, forecasting, AI, and ML; see the linkage of data and decisions; benchmark where you are and what you aspire to be; measure yourself against best practices and the ROI of successful analytics; and come to realize that analytics is not hard, long, or expensive . . . it is simply disciplined.
If you are responsible for setting the strategy behind the Roadmap and Culture of Analytics in your organization, you will gain the necessary knowledge by attending this module.
Thank you for registering! You will receive an email regarding all necessary information soon!