Chapter 4
Chapter 4
ANALYTICS
Supervised By:
Prof. Esraa A. Raslan
TEAM MEMBERS
Business 03 04
Analytics
Business Analytics
Business Analytics Plan
Lifecycle Lifecycle Phases
05 06
Key Outputs from Successful Core Deliverables to Meet
BA Project, by Role Most Stakeholders Needs
INTRODUCTION
• M any probl em s seem huge at f i rst, but a w el l -def ined
process enabl es you to break dow n com pl ex probl em s
i nto smal l er steps that you can more easi l y address.
• Busi ness anal yti cs probl em s w i l l ensure that you
establ i sh a com prehensi ve, repeatabl e m ethod f or
conducti ng anal ysi s.
• dem onstrate your f i ndi ngs, w hi ch w i l l provi de
addi ti onal credi bi l i ty to the proj ect w hen you share
your f i ndi ngs.
• I t al so enabl es you to teach others to adopt the
m ethods and anal ysi s so i t can be repeated next
quarter, next year, or by new hi res.
BUSINESS ANALYTICS
01 PROBLEM APPROACH
01 Business User
Someone who benefits from the end results
and can consult and advise project team.
KEY ROLES FOR SUCCESSFUL
02 BUSINESS ANALYTIC PROJECT
02 Project Sponsor
Person responsible for the beginning of the
project, providing core business problem, and
generally provides the funding and will
measure the degree of value from the final
outputs of the working team.
KEY ROLES FOR SUCCESSFUL
02 BUSINESS ANALYTIC PROJECT
03 Project Manager
Ensure key milestones and objectives are met
on time and at expected quality.
KEY ROLES FOR SUCCESSFUL
02 BUSINESS ANALYTIC PROJECT
05 Data Engineer
Deep technical skills to assist with tuning SQL
queries for data management, extraction and
support data ingest to analytic sandbox.
KEY ROLES FOR SUCCESSFUL
02 BUSINESS ANALYTIC PROJECT
07 Data Scientist
Provide subject matter expertise for analytical
techniques, data modeling, applying valid
analytical techniques to given business
problems and ensuring overall analytical
objectives are met.
BUSINESS ANALYTICS
03 LIFECYCLE PHASES
01 Discovery
01 Discovery
• Analytics Sponsor Interview Tips:
• Prepare for the interview.
• Use open-ended questions.
• Don't fill every silence - give them time to think.
• Use active listening.
• Be mindful of your body language and theirs.
• Document what you heard and review it back with the sponsor.
02 Data Preparation
• Prepare work environment in which you can
Determine the work space for the analytic team.
work for the duration of the project
• Assess data quality and structuring Determine and establish data connections for raw data.
• Derive statistically useful measures Execute Big ELT and/or Big ETL.
02 Data Preparation
• Familiarize yourself with the data thoroughly • List your data sources.
and take steps to condition the data • What's needed v.s what's available.
03 Model Planning
03 Model Planning
• Variable Selection:
• Inputs from stakeholders and domain experts.
• Capture essence of the predictors, leverage a technique for dimensionality
reduction.
• Iterative testing to confirm the most significant variables.
• Model Selection:
• Conversion to SQL or database language for best performance.
• Choose technique based on the end goal.
BUSINESS ANALYTICS
03 LIFECYCLE PHASES
04
• Need sufficiently model data.
• Need smaller test set & training set.
CONCEPT 2
Model Building
Get the best environment you can for executing models
and workflows, including fast hardware and parallel
processing.
USEFUL TOOLS
CONCEPT 2
Communicate Results Identify your key findings, quantify the business value.
CONCEPT 3
Develop a narrative to summarize your findings
and convey to stakeholders.
BUSINESS ANALYTICS
03 LIFECYCLE PHASES
Business
Analytics Plan Model Planning
Analytic Teqnique
Logistic regression to identify most influential
factors predicting churn.