Demystifying Data

In the era of advanced data analytics and industrial revolution it is of imperative importance to understand the power of Data and demystify it for the organization benefit

Advanced analytics is essentially a research skill and these skills are most common in the corporate community and for this reason most successful data analysts, data scientists and analytics managers are gaining prime importance.

Through this course the participants will be able to work on lot of hidden questions in data and extract maximum value and benefit from given data sets. They will learn the most advanced methods and technologies available across the globe to further enhance their knowledge and skills for operational benefit of the organization thereby leading to efficient decision making

Course Outline

Managers/Senior Executives/Executives – 2 days

Embracing the unknown
1. Understanding Raw data
2. Dealing with Humungous datasets
3. Understanding the hidden knowledge in data
Setting Direction
1. Concepts of Data management
2. Advantages of multiple collaborations across teams
3. Looking for best practices
Defining Project Objectives
1. Acquiring and Exploring Data
2. Looking for data Patterns
3. Talk to data
Creating cause and effect relationships
1. Looking for Data relationships
2. Understanding Data Modelling
3. Looking for similar characterstics
4. Understanding the need and usage of Algorithms
Data Cleaning tips and tricks
1. What is Data cleaning and why is it needed
2. Learning advanced functions to demystify the given dataset
3. Creating value from the data
4. Working on data Quality
5. Application to Business management
6. Discussing Examples
Data Mining
1. What is Data Mining
2. Learning about Data Mining techniques
3. Data Mining and Slicing and dicing of Data
4. The importance of Data Mining in today’s world
5. Hands on exercises
Converting Data to Information
1. Advanced charting techniques to interpret data meaningfully
2. Summarizing data visually through charts
3. Harnessing power of Data through Visual effects
4. Mastering the art of depicting information graphically by working on multiple 2D and 3D charts.
5. Creating combination charts and customized version of different charts to show the information as per the problem statement
6. Hands on execrcises
Interpreting and communicating
1. Using Business Intelligence tools to tell a story
2. Knowing the power of Excel to communicate data in alignment with organizational goals
3. Use of waterfall techniques for finance and accounting professionals
4. Creating heat maps and linking them to current business issues
5. Forecasting data and graphs
6. Plotting and Highlighting geographical presence
7. Analysing different business solutions diagrammatically and generating insights
8. Hands on exercises

Learning Outcomes

At the end of the workshop the participants will be able to increase productivity and enhance efficiency in their day to day work by Analysing their excel files much better. Participants will be able to analyze their financial data in a meaningful way to increase operational efficiency, generating revenue and better decision making.

In addition participants will be able to express the data in dynamic way that helps them to represents complex data sets through best visual representations for senior management and steer committees

Pre-Requisites

All participants should have their laptop with preinstalled MS office.

Who Should Attend

The training is ideal for those (such as Accountants, Controllers, Finance managers, Auditors and all accounting professionals) who deal with large volume of data & excel in their day to day work for creating reporting solutions, data mining and need excel tools and technologies for further enhancing their efficiency and productivity. This workshop is apt for those people who want to understand the analytical perspective to data and draw further insights

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