Veidlapa Nr. M-3 (8)
Study Course Description

Data Analysis and Strategy

Main Study Course Information

Course Code
SZF_269
Branch of Science
Other engineering and technologies
ECTS
6.00
Target Audience
Business Management; Information and Communication Science; Management Science
LQF
Level 7
Study Type And Form
Full-Time

Study Course Implementer

Course Supervisor
Structure Unit Manager
Structural Unit
Faculty of Social Sciences
Contacts

Dzirciema Street 16, Riga, szf@rsu.lv

About Study Course

Objective

Learn and understand quantitative and qualitative analytics capabilities for strategic elements of an organization (value chain, business capabilities, business processes, goals, and organizational structure) using data analytics and transactional intelligence systems (BI) approaches and techniques.

Preliminary Knowledge

Knowledge of the basics of data analysis, data sources, data structures and visualisation is required. Preferable knowledge of the principles of organisation management.

Learning Outcomes

Knowledge

1.At the end of the study course, students have acquired in-depth knowledge of the possibilities for explaining the activities of the organisation through data analysis and the value that such analysis can provide

2.Able to apply appropriate data analytics techniques and approaches to a business task

3.Have acquired practical skills in creating a data analysis task, loading data from different data sources, data modelling, and data visualization

4.Able to formulate and define examples of data analysis, machine learning and artificial intelligence applications

5.Have mastered the principles of the business and technical architecture of data solutions and are able to name and characterise its elements

6.Getting to know the approaches and elements of creating a data strategy

Skills

1.At the end of the study course, students: - are able to identify and define analytical tasks, at individual and organisation level

2.Able to create analytic task solution theme

3.Able to perform data modeling and data visualization according to business task

4.Able to select and apply modern quantitative data analysis methods

5.Able to evaluate and explain the business value of data analysis, control panels, and reports

6.Able to apply data analysis to explain business models

Competences

1.At the end of the study course, students will: - be able to independently evaluate and create, in accordance with the business problem, the design of the data analysis application or solution

2.Will be able to select tools and analysis techniques appropriate to data analysis tasks

3.Will be able to assess the maturity of the organisation in the field of data analysis, to capture the current situation, to draw up recommendations for improvement

4.Will be able to assess compliance of organization analytics with business goals and degree of automation

Assessment

Individual work

Title
% from total grade
Grade
1.

Independent work

-
-

The knowledge of the student will be tested in two ways: practical work is so asked during classes, complete execution of which will have to be performed outside the contact hours. Six verification works are envisaged to verify acquired knowledge of the topics presented, as well as the ability to apply data analysis and visualisation techniques in practice. Overall, up to 60% of the assessment can be obtained for practical works. In addition, there will be an analysis of the situation after lesson 6, which will include solving the business task in the field of process automation and evaluating and categorizing them through the process mining method. This type of verification will represent up to 20% of the overall assessment. And there will be a final test at the end of the course, on all the topics covered by the course, which will account for up to 20% of the overall assessment.

Examination

Title
% from total grade
Grade
1.

Test

-
-

Final assessment of student is formed from: - practical work No. 1 result - 10% - practice No. 2 result - 10% - practice No. 3 result - 10% - practice No. 4 result - 10% - practice No. 5 result - 10% - practice No. 6 result - 10% - situation analysis result - 20%, final test - 20%.

2.

Practical work

10.00% from total grade
10 points

Practice No. 1 result - 10%

3.

Practical work

10.00% from total grade
10 points

Practice No. 2 result - 10%

4.

Practical work

10.00% from total grade
10 points

Practice No. 3 result - 10%

5.

Practical work

10.00% from total grade
10 points

Practice No. 4 result - 10%

6.

Practical work

10.00% from total grade
10 points

Practice No. 5 result - 10%

7.

Practical work

10.00% from total grade
10 points

Practice No. 6 result - 10%

8.

Analysis of the situation

20.00% from total grade
10 points

Situation analysis result - 20%

9.

Final test

20.00% from total grade
10 points

Final test - 20%.

Study Course Theme Plan

FULL-TIME
Part 1
  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Defining Business Problems
Description

Identifying problems and opportunities, formulating a precise Problem Statement, and developing hypotheses for further investigation.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Defining Business Problems II
Description

Practical workshop: structured problem definition, building Issue Trees, and hypothesis formulation using a real business Case Study.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Business Context and Strategic Analysis Tools
Description

Applying strategic analysis tools (e.g., CATWOE, PESTEL) to understand the external and internal business environment before initiating data analysis.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Literacy, Data Sources, and Their Role in a Modern Organization
Description

Building a data culture within an organization, classifying internal and external data sources, and understanding their role in the decision-making hierarchy.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Acquisition, Processing, and Quality Assessment
Description

Data quality criteria, fundamental data cleansing principles, and dataset preparation to ensure reliable analytical results.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Acquisition, Processing, and Quality Assessment II
Description

Practical workshop: ETL process simulation, data quality dimension checks and cleansing with a real dataset. Outlier identification and missing value treatment.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

The Role of Causation in Data Analysis
Description

Distinguishing correlation from causation. Causal analysis methods (including Fishbone diagrams and 5 Whys) to identify the root cause of problems.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Analysis Methods and Tools
Description

Overview of descriptive and diagnostic analytics. How to select the most appropriate analysis method for a specific business question.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Visual Thinking and Data Representation Methods
Description

Psychology of visual perception and selection of best practice principles (charts, diagrams) for clear data communication.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Visualization and Modern Tools
Description

Practical information design and introduction to modern BI (Business Intelligence) tools for creating interactive reports.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Visualization and Modern Tools II
Description

Practical workshop: building an interactive dashboard in a BI tool (e.g., Power BI), including data loading, visual element selection, and user experience optimization.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Storytelling and Building Data-Driven Narratives
Description

Data Storytelling principles: transforming analytical results into a compelling narrative. Chart titles as conclusions, providing context, and guiding the audience.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Business Capability Mapping and Alignment with Digital Solutions
Description

Modeling an organization's Business Capabilities and aligning them with required technologies and digital transformation.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Quantitative Definition of Digital Solutions
Description

Defining success metrics (KPIs) for new solutions and quantitative forecasting of expected outcomes.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Selecting the Best Solutions Based on Data
Description

Evaluating and prioritizing alternatives using decision-making matrices and AHP (Analytic Hierarchy Process).

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Preparing Structured Argumentation for Management
Description

Synthesizing and presenting analysis results using the Minto Pyramid principle to deliver persuasive recommendations to senior management.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Assessing Data Analytics Maturity Level
Description

Evaluating the organization's analytics maturity (AS-IS), applying maturity models, and developing recommendations for transitioning to a higher level (TO-BE). Linking to data culture

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Using Artificial Intelligence in Data Analysis and Processing
Description

Applying AI/GenAI tools in the data analysis process: automated insight generation, natural language queries (NLQ), anomaly detection, and AI assistants in BI platforms. Ethical and quality considerations.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Modeling and Its Importance in Data Analysis
Description

Conceptual data modeling: entity-relationship (ER) diagrams, understanding data structures and their impact on analytical capabilities. How a proper data model improves report and visualization quality.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Developing a Data Strategy
Description

Core elements of an organizational data strategy: Data Governance, data architecture, data quality policies, and their alignment with business strategy. A practical framework for creating a strategy document.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Data Quality Management and Monitoring
Description

Data quality KPIs and automated monitoring. Building a Data Quality Framework, defining quality metrics, and proactive quality management within an organization.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Introduction to Machine Learning in a Business Context
Description

Machine learning fundamentals from a business perspective: classification, clustering, and forecasting. How to evaluate ML solution suitability for a specific business problem without programming.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Systems Thinking and Data Analysis
Description

Systems thinking principles in data analysis: feedback loops, system dynamics, and causal network modeling. Linking to Fishbone and 5 Whys methods.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Study room
2

Topics

Final Project and Presentation
Description

Full analytics cycle demonstration: students present their course project to management (simulation), applying all learned methods — from problem definition to a structured recommendation using AHP and Minto Pyramid.

Total ECTS (Creditpoints):
6.00
Contact hours:
48 Academic Hours
Final Examination:
Exam

Bibliography

Required Reading

1.

Competing on Analytics: The New Science of Winning. 2017Suitable for English stream

2.

Smart Business: What Alibaba's Success Reveals about the Future of Strategy. 2018Suitable for English stream

3.

The Book of Why: The New Science of Cause and Effect – Most Thought-Provoking. 2020Suitable for English stream

4.

INTELLIGENT AUTOMATION: Learn how to harness Artificial Intelligence to boost business & make our world more human. 2021Suitable for English stream

Additional Reading

1.

Key Management Models: The 75+ Models Every Manager Needs to KnowSuitable for English stream

2.

Harvard Business Review

Other Information Sources

1.

Keynote: Judea Pearl - The New Science of Cause and Effect