Thursday, 27 March 2025

2 Days : Data Analytics Foundation & Classification of Analytics - CRIP-DM Model, Data Analysis Techniques & Visualization

MODULE 1: DATA ANALYSIS FOUNDATION

Session 1: Data Analysis Introduction

🕒 Time: 1 Hour
🎯 Objective: Understand what Data Analysis is, its importance, and how it is used in decision-making.

🔹 Example:

  • A retail store analyses customer purchases to identify the best-selling products.
  • Netflix analyses user watch history to recommend movies.

📌 Real-Life Terminology Usage:

  • "Based on the data trends, we should stock more summer clothing in May."
  • "The sales report shows a 20% increase in demand for organic products."

Session 2: Data Preparation for Analysis

🕒 Time: 1 Hour
🎯 Objective: Learn how to clean, transform, and prepare data for analysis.

🔹 Example:

  • Removing duplicate customer records in an e-commerce database.
  • Handling missing values in survey responses.

📌 Real-Life Terminology Usage:

  • "We need to remove incomplete entries before analyzing survey results."
  • "Let's convert all currency values to USD for consistency."

Session 3: Common Data Problems

🕒 Time: 1 Hour
🎯 Objective: Identify common data issues and how to fix them.

🔹 Example:

  • An HR team finds that employee age data contains negative values.
  • A bank finds transaction timestamps missing for some records.

📌 Real-Life Terminology Usage:

  • "Let's standardize date formats before processing."
  • "We found inconsistencies in the revenue reports; let's clean the data first."

Session 4: Various Tools for Data Analysis

🕒 Time: 1 Hour
🎯 Objective: Introduction to tools like Excel, Power BI, Tableau, Python, and R.

🔹 Example:

  • A logistics company uses Power BI to visualize shipment delays.
  • A financial analyst uses Excel PivotTables to summarize sales data.

📌 Real-Life Terminology Usage:

  • "We use Power BI dashboards for real-time sales tracking."
  • "Excel’s VLOOKUP helps merge data from different sheets."

Session 5: Evolution of Analytics Domain

🕒 Time: 1 Hour
🎯 Objective: Understand how data analytics has evolved from simple reports to AI-powered insights.

🔹 Example:

  • Early analytics: Excel-based financial reports.
  • Modern analytics: AI-driven stock market predictions.

📌 Real-Life Terminology Usage:

  • "Earlier, we manually checked trends, but now AI predicts them."
  • "Data-driven decisions have revolutionized customer experience."

MODULE 2: CLASSIFICATION OF ANALYTICS

Session 6: Four Types of Analytics

🕒 Time: 1 Hour

1️ Descriptive Analytics (What happened?)
🔹 Example: Monthly sales reports show total revenue and growth.
📌 "Last month's report showed a 15% increase in sales."

2️ Diagnostic Analytics (Why did it happen?)
🔹 Example: A drop in sales was due to stock shortages.
📌 "Sales dropped in July because of supply chain delays."

3️ Predictive Analytics (What will happen?)
🔹 Example: Predicting next month’s customer demand.
📌 "We expect a 10% rise in demand before Diwali."

4️ Prescriptive Analytics (What should be done?)
🔹 Example: AI suggests reducing prices to boost sales.
📌 "Lowering prices by 5% could increase revenue by 20%."


Day 2: CRIP-DM Model, Data Analysis Techniques & Visualization

MODULE 3: CRIP-DM Model

Session 7: CRIP-DM Model Overview

🕒 Time: 1 Hour
🎯 Objective: Understand how businesses apply analytics systematically.

🔹 Example:

  • A telecom company uses CRIP-DM for customer churn prediction.

📌 Real-Life Terminology Usage:

  • "Before launching the new product, let's analyze customer feedback using the CRIP-DM framework."

MODULE 4: UNIVARIATE DATA ANALYSIS

Session 8: Summary Statistics & Central Tendency

🕒 Time: 1 Hour
🎯 Objective: Learn to compute Mean, Median, and Mode.

🔹 Example:

  • Average monthly expenses of employees.
  • Finding the most frequent product purchased in a store.

📌 Real-Life Terminology Usage:

  • "The average score in the exam was 75%."
  • "The median salary in our company is ₹50,000 per month."

MODULE 5: DATA ANALYSIS WITH VISUAL CHARTS

Session 9: Visualization with Charts

🕒 Time: 1.5 Hours

📊 Real-Life Examples of Charts:

  1. Line Chart: Website traffic over months.
  2. Column/Bar Chart: Product sales comparison.
  3. Waterfall Chart: Revenue contribution from different channels.
  4. Tree Map Chart: Product categories contribution to total sales.
  5. Box Plot: Distribution of employee salaries.

📌 Real-Life Terminology Usage:

  • "A bar chart clearly shows the top-selling products."
  • "A box plot helps us see salary disparities in different departments."

MODULE 6: BI-VARIATE DATA ANALYSIS

Session 10: Regression & Correlation Analysis

🕒 Time: 1 Hour

🔹 Example:

  • Analyzing how temperature affects ice cream sales.
  • Relationship between advertising budget and revenue.

📌 Real-Life Terminology Usage:

  • "A high correlation between marketing spend and revenue shows a positive impact."
  • "Regression analysis predicts next quarter’s sales based on past trends."

MODULE 7: Advanced Power BI with Probability & Prediction

Session 11: Power BI Forecasting & Custom Predictions

🕒 Time: 1.5 Hours

🔹 Example:

  • Power BI predicting next month’s revenue based on past trends.
  • Using Python scripts in Power BI for advanced forecasting.

📌 Real-Life Terminology Usage:

  • "Power BI's AI-powered forecasting helps predict seasonal sales trends."
  • "Using Python in Power BI, we customized demand forecasting for different regions."

Final Hands-On Exercise & Q&A

🕒 Time: 2 Hours
🎯 Objective: Participants apply concepts to real-world datasets and present insights.

🔹 Real-Life Scenario:

  • Analyzing customer feedback data for a product launch strategy.
  • Predicting employee attrition using historical HR data.

📌 Final Takeaways:

  • "Data analysis is the foundation of smart business decisions."
  • "Understanding past trends helps predict and improve future outcomes."

Conclusion & Certification

🕒 Time: 30 Mins

  • Recap of key learnings.
  • Distribution of certificates.
  • Feedback & next steps.

🚀 Outcome:

  • Participants gain hands-on experience in data analytics.
  • They understand real-life applications of analytics in business & daily life.
  • They learn to communicate insights effectively using the right terminology.

📩 Want us to facilitate a session for your team? Reach out at  training@compassclock.in / +917845050100 ðŸ˜Š

 


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