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Data Analysis Boot Camp (DABC)

 

Course Content

Every day buzzwords like "analytics," "insights" and "big data," permeate the pages of our business journals. Companies and departments are well aware of their huge troves of data, and they have access to common tools for leveraging this data. However, much less available are the actual analysis skills to truly understand and realize the benefits of this information. The potential is very real, but comprehensive skills can be scarce, and outside consultants are expensive. If you have basic familiarity with Excel, this three-day course can teach you practical applied analysis techniques to leverage data for relatively common decision making methods.

This course, organized into key topic areas, leverages straightforward business examples to explain practical techniques for understanding and reviewing data quality and how to translate data into analysis of business problems to begin making informed, intelligent decisions. Get an overview of data quality and data management, followed by foundational analysis and statistical techniques. Throughout the course, you will learn to communicate about data and findings to stakeholders who need to quickly make the decisions that drive your organization forward.

In–Class Exercises, Demos, and Real-World Case Studies This data analysis training class is a lively blend of expert instruction combined with hands-on exercises so you can practice new skills. Leave prepared to start performing practical analysis techniques the moment you return to work. Every Data Analysis Boot Camp instructor is a veteran consultant and data guru who will guide you through effective best practices and easily-accessible technologies for working with your data. Through a combination of demonstrations and hands-on practice, you will learn to use data analysis techniques which are typically the domain of expensive consultants.

Who should attend

  • Business Analyst, Business Systems Analyst, CBAP, CCBA
  • Systems, Operations Research, Marketing, and other Analysts
  • Project Manager, Program Manager, Team Leader, PMP, CAPM
  • Data Modelers and Administrators, DBAs
  • IT Manager, Director, VP
  • Finance Manager, Director, VP
  • Operations Supervisor, Manager, Director, VP
  • Risk Managers, Operations Risk Professionals
  • Process Improvement, Audit, Internal Consultants and Staff
  • Executives exploring cost reduction and process improvement options
  • Job seekers and those who want to show dedication to process improvement
  • Senior staff who make or recommend decisions to executives

Prerequisites

If you have basic familiarity with Excel, this three-day course can teach you practical applied analysis techniques to leverage data for relatively common decision making methods.

Additionally, although it is not mandatory, students who have completed the self-paced Introduction to R eLearning course have found it very helpful when completing this course.

Course Objectives

  • Identify opportunities, manage change and develop deep visibility into your organization
  • Understand the terminology and jargon of analytics, business intelligence and statistics
  • Learn a wealth of practical applications for applying data analysis capability
  • Visualize both data and the results of your analysis for straightforward graphical presentation to stakeholders
  • Learn to estimate more accurately than ever, while accounting for variance, error, and Confidence Intervals
  • Practice creating a valuable array of plots and charts to reveal hidden trends and patterns in your data
  • Differentiate between "signal" and "noise" in your data
  • Understand and leverage different distribution models, and how each applies in the real world
  • Form and test hypotheses – use multiple methods to define and interpret useful predictions
  • Learn about statistical inference and drawing conclusions about the population

Outline: Data Analysis Boot Camp (DABC)

Part 1: Data Fundamentals Course Overview and Level Set

  • Objectives of the Class
  • Expectations for the Class

Understanding “Real-World” Data

  • Unstructured vs. Structured
  • Relationships
  • Outliers
  • Data growth

Types of Data

  • Flavors of Data
  • Sources of Data
  • Internal vs. External Data
  • Time Scope of Data (Lagging, Current, Leading)

LAB: Get Started with our Classroom Data Data-Related Risk

  • Common Identified Risks
  • Effect of Process on Results
  • Effect of Usage on Results
  • Opportunity Costs, Tool Investment
  • Mitigation of Risk

Data Quality

  • Cleansing
  • Duplicates
  • SSOT
  • Field standardization
  • Identify sparsely populated fields
  • How to fix common issues

LAB: Data Quality Part 2: Analysis Foundations Statistical Practices: Overview

  • Comparing Programs and Tools
  • Words in English vs. Data
  • Concepts Specific to Data Analysis
  • Domains of Data Analysis
  • Descriptive Statistics
  • Inferential Statistics
  • Analytical Mindset
  • Describing and Solving Problems

Part 3: Analyzing Data Averages in Data

  • Mean
  • Median
  • Mode
  • Range

Central Tendency

  • Variance
  • Standard Deviation
  • Sigma Values
  • Percentiles
  • Use Concepts for Estimating

LAB: Hands-On – Central Tendency Analytical Graphics for Data Categorical

  • Bar Charts

Continuous

  • Histograms

Time Series

  • Line Charts

Bivariate Data

  • Scatter Plots

Distribution

  • Box Plot

Part 4: Analytics & Modeling Overview of Commonly Useful Distributions

  • Probability Distribution
  • Cumulative Distribution
  • Bimodal Distributions
  • Skewness of Data
  • Pareto Distribution
    • Correlation
  • LAB: Distributions
  • Predictive Analytics
  • A Discussion about Patterns
  • Regression and Time Series for Prediction
  • LAB: Hands-On – Linear Regression
    • Simulation
  • Pseudo-random Sequences
  • Monte Carlo Analysis
  • Demo / Lab: Monte Carlo in Excel

Understanding Clustering Segmentation Common Algorithms K-MEANS

Part 5: Hands-On Introduction to R and R Studio R Basics Descriptive Statistics Importing and Manipulating Data R Scripting Data Visualization with R Regression in R K-MEANS in R Monte Carlo in R Demo/Lab: Hands-on R work Part 6: Visualizing & Presenting Data Goals of Visualization

  • Communication and Narrative
  • Decision Enablement
  • Critical Characteristics

Visualization Essentials

  • Users and Stakeholders
  • Stakeholder Cheat Sheet
  • Common Missteps

Communicating Data-Driven Knowledge

  • Alerting and Trending
  • To Self-Serve or Not
  • Formats & Presentation Tools
  • Design Considerations
Online Training

Duration 3 days

Price
  • CAD 2,624
Classroom Training

Duration 3 days

Price
  • Canada: CAD 2,624
 
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  *   This class is delivered by a partner.
Canada

Currently there are no training dates scheduled for this course.  For enquiries please write to info@fastlaneca.com.

United States
Aug 17-19, 2020 Livonia 08:30 US/Eastern * Enroll
Aug 31-Sep 2, 2020 Kirkland 08:30 US/Pacific * Enroll
Aug 31-Sep 2, 2020 Online Training 11:30 US/Eastern * Enroll
Sep 14-16, 2020 Denver 08:30 US/Mountain * Enroll
Sep 14-16, 2020 Online Training 10:30 US/Eastern * Enroll
Sep 28-30, 2020 Linthicum Heights 08:30 US/Eastern * Enroll
Oct 13-15, 2020 Online Training 10:30 US/Eastern * Enroll
Oct 13-15, 2020 Salt Lake City 08:30 US/Mountain * Enroll
Oct 19-21, 2020 Chicago 08:30 US/Central * Enroll
Oct 26-28, 2020 Dallas 08:30 US/Central * Enroll