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Data Analytics for Business Professionals

Data Analytics for Business Professionals

1h 21mIntermediate2025-04-07

Authors

John Johnson

John Johnson

Professional Economist, Author, Speaker

Course details

Hearing the phrase “AI analytics” can sound daunting but don't fret. In this course, instructor John Johnson teaches you how to think about AI as a super tool that can make you more efficient and effective. Data analytics can help cut costs, speed up delivery, generate forecasts, and improve outcomes for your business over time.

Rather than trying to teach the complicated mathematical and statistical techniques that an AI tool may use, John focuses on the role of a business professional in assessing, interpreting, and applying their outputs in the context of complex business decisions through targeted case studies. Find out how to collect, clean, and aggregate data from different sources across your organization, and identify when data is flawed. John gives you pointers on planning and deploying an analytics strategy that fits the specific needs of your business, covering a variety of simple techniques: averages, sampling, cherry picking, forecasting, correlation, causality, and more.

Learning objectives
Learn the importance of data quality and reliability for AI analytical tools.
Recognize data pitfalls in AI analytical tools and the important role of the human analyst in assessing outputs and decision assistance.
Use real-world examples of data issues and challenges to make lessons more tangible.
Apply foundational data analytics concepts within multiple case studies to learn to assess and evaluate the reliability and AI analytical outputs.

Skills covered

Business AnalyticsData AnalysisData ScienceBusiness Analysis and StrategyBusiness Software and ToolsOne-Off

Concepts

0. Introduction

  • 01 - Making data more useful
  • 02 - What you should know

1. Data Analytics in the Business World

  • 03 - Business leaders and data analytics
  • 04 - Why learn data analytics in an AI world
  • 05 - Introduction to Red30 Tech
  • 06 - Types of data
  • 07 - Case study 1 - Performance at a Miami location
  • 08 - Case study 1 - Explanation
  • 09 - Challenge - Calculate descriptives
  • 10 - Solution - Calculate descriptives

2. Predictive and Prescriptive Analytics

  • 11 - Predictive analytics
  • 12 - Challenge - Make predictions
  • 13 - Solution - Make predictions
  • 14 - Prescriptive analytics

3. Asking the Right Questions

  • 15 - Guidelines for formulating questions
  • 16 - Crafting better questions
  • 17 - Case study 2 - What is the right question
  • 18 - Role of business acumen

4. Unlocking the Data Within

  • 19 - Data-collection issues
  • 20 - Case study 3 - Unclean data
  • 21 - Case study 3 - Explanation
  • 22 - Data failure - When data is just wrong

5. Understanding Averages

  • 23 - Nature of averages
  • 24 - Case study 4 - Conversion rates and benchmark
  • 25 - Case study 4 - Explanation
  • 26 - Context is everything

6. Sampling

  • 27 - Pros and cons
  • 28 - Case study 5 - Social media survey
  • 29 - Case study 5 - Explanation
  • 30 - Case study 5 - Statistical deep dive

7. What Is Cherry Picking

  • 31 - What is cherry picking
  • 32 - Case study 6 - Revenue
  • 33 - Case study 6 - Explanation

8. Forecasting

  • 34 - Hurricane Matthew
  • 35 - Case study 7 - Forecasting customer complaints
  • 36 - Case study 7 - Explanation
  • 37 - Issues to consider

9. Correlation versus Causation

  • 38 - Cause and effect
  • 39 - Case study 8 - Boston revenue
  • 40 - Case study 8 - Explanation
  • 41 - Causal questions

10. Continuing Your Learning Journey in Data Analytics

  • 42 - Continuing your learning journey in data analytics

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