Data Analysis and Strategy
Study Course Implementer
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
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Title
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% from total grade
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Grade
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|---|---|---|
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1.
Independent work |
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-
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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. |
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Examination
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Title
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% from total grade
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Grade
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|---|---|---|
|
1.
Test |
-
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-
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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%. |
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2.
Practical work |
10.00% from total grade
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10 points
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Practice No. 1 result - 10% |
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3.
Practical work |
10.00% from total grade
|
10 points
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Practice No. 2 result - 10% |
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4.
Practical work |
10.00% from total grade
|
10 points
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Practice No. 3 result - 10% |
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5.
Practical work |
10.00% from total grade
|
10 points
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|
Practice No. 4 result - 10% |
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6.
Practical work |
10.00% from total grade
|
10 points
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Practice No. 5 result - 10% |
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7.
Practical work |
10.00% from total grade
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10 points
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Practice No. 6 result - 10% |
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8.
Analysis of the situation |
20.00% from total grade
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10 points
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Situation analysis result - 20% |
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9.
Final test |
20.00% from total grade
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10 points
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Final test - 20%. |
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Study Course Theme Plan
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Defining Business Problems
Description
Identifying problems and opportunities, formulating a precise Problem Statement, and developing hypotheses for further investigation. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Defining Business Problems II
Description
Practical workshop: structured problem definition, building Issue Trees, and hypothesis formulation using a real business Case Study. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Data Acquisition, Processing, and Quality Assessment
Description
Data quality criteria, fundamental data cleansing principles, and dataset preparation to ensure reliable analytical results. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Visual Thinking and Data Representation Methods
Description
Psychology of visual perception and selection of best practice principles (charts, diagrams) for clear data communication. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Data Visualization and Modern Tools
Description
Practical information design and introduction to modern BI (Business Intelligence) tools for creating interactive reports. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Business Capability Mapping and Alignment with Digital Solutions
Description
Modeling an organization's Business Capabilities and aligning them with required technologies and digital transformation. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Quantitative Definition of Digital Solutions
Description
Defining success metrics (KPIs) for new solutions and quantitative forecasting of expected outcomes. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Selecting the Best Solutions Based on Data
Description
Evaluating and prioritizing alternatives using decision-making matrices and AHP (Analytic Hierarchy Process). |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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Preparing Structured Argumentation for Management
Description
Synthesizing and presenting analysis results using the Minto Pyramid principle to deliver persuasive recommendations to senior management. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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 |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Study room
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2
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Topics
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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. |
Bibliography
Required Reading
Competing on Analytics: The New Science of Winning. 2017Suitable for English stream
Smart Business: What Alibaba's Success Reveals about the Future of Strategy. 2018Suitable for English stream
The Book of Why: The New Science of Cause and Effect – Most Thought-Provoking. 2020Suitable for English stream
INTELLIGENT AUTOMATION: Learn how to harness Artificial Intelligence to boost business & make our world more human. 2021Suitable for English stream
Additional Reading
Key Management Models: The 75+ Models Every Manager Needs to KnowSuitable for English stream