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From Data to better
Decision
Frehiwot Mulugeta
September 14, 2017
Data Analytics Specialist
2
Outline
I. What is Data?
II. What is Analytics
 Advantages of Analytics
 Processes
 Types
 Method
 Developing Insight
III. Conclusion
3
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
4
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 . . .
5
Analytics is multidimensional field
 that uses mathematics, statistics, predictive modeling
 to find meaningful patterns and knowledge in recorded
data.
What is Analytics?
6
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.
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
8
Analytics Tools
Data Extraction
& Preparation
SQL
Excel
Tableau
Analysis
Tableau
Power Bi
Excel
Reporting
Tableau
dashboard
Infographics
9
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
10
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
11
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
12
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
13
Descriptive mean, sum, …
 Comparison
 Bar charts
Changes over time/trend
 Line graphs
Aggregation
 Pie graphs
Relation ship/Correlation
 Scatter plots
Methods of Analysis
14
Developing Insight
Document review
Internet review Googling
Discussing with Experts
Business Insights
Analysis of Result
Result Validation/
Triangulation
15
 It should be aligned to the objective
 Propose recommendation
 Future analysis idea
Reporting Analysis of Result
Good Data
Quality
Sound
Analytics
Better
Decision
Organizational
Success
Conclusion
Reference
 https://www.sas.com/en_us/insights/analytics/what-is-analytics.html
 http://www.genpact.com/docs/resource-/data-to-insight-to-action-taking-
a-business-process-view-for-analytics-to-deliver-real-business-impact
 http://info.localytics.com/blog/difference-between-data-analytics-insights
 http://www.datapreparator.com/what_is_data_preparation.html
 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1198040/figure/pmed-
0020267-g001/
 http://www.blazent.com/top-5-causes-poor-data-quality/
Thank you

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Analytics from data to better decision

  • 1. 1 From Data to better Decision Frehiwot Mulugeta September 14, 2017 Data Analytics Specialist
  • 2. 2 Outline I. What is Data? II. What is Analytics  Advantages of Analytics  Processes  Types  Method  Developing Insight III. Conclusion
  • 3. 3 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
  • 4. 4 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 . . .
  • 5. 5 Analytics is multidimensional field  that uses mathematics, statistics, predictive modeling  to find meaningful patterns and knowledge in recorded data. What is Analytics?
  • 6. 6 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
  • 8. 8 Analytics Tools Data Extraction & Preparation SQL Excel Tableau Analysis Tableau Power Bi Excel Reporting Tableau dashboard Infographics
  • 9. 9 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
  • 10. 10 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
  • 11. 11 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
  • 12. 12 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
  • 13. 13 Descriptive mean, sum, …  Comparison  Bar charts Changes over time/trend  Line graphs Aggregation  Pie graphs Relation ship/Correlation  Scatter plots Methods of Analysis
  • 14. 14 Developing Insight Document review Internet review Googling Discussing with Experts Business Insights Analysis of Result Result Validation/ Triangulation
  • 15. 15  It should be aligned to the objective  Propose recommendation  Future analysis idea Reporting Analysis of Result
  • 17. Reference  https://www.sas.com/en_us/insights/analytics/what-is-analytics.html  http://www.genpact.com/docs/resource-/data-to-insight-to-action-taking- a-business-process-view-for-analytics-to-deliver-real-business-impact  http://info.localytics.com/blog/difference-between-data-analytics-insights  http://www.datapreparator.com/what_is_data_preparation.html  https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1198040/figure/pmed- 0020267-g001/  http://www.blazent.com/top-5-causes-poor-data-quality/

Notas del editor

  1. Analytics followed by Interpreted Insights
  2. Data preparation - Data extraction, Data Clearing, Reporting & disseminating result Tableau dashboard, Infographics
  3. 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.
  4. descriptive stat to understand the performance at a given time; What is likely to happen next? …. Predictive