Evaluate different business analytical techniques

Reference no: EM133009727 , Length: word count:2500

Assessment Brief

2.1. Scenario

You have recently been employed as a data analyst in a consultancy called Wood From the Trees (WFTT). The consultancy was established 10 years ago and specialises in helping companies that don't have the skills to analyse data to support business decisions. WFTT have successfully established a strong reputation and they are now working with internationally recognised brands.

As WFFTs expands they continue to bring in new employee's. The recruitment strategy is to employ less experienced people and give them the support and development they need to succeed in the company. They like recruits to have a broad management experience and not be specialist analysts because they offer more commercially viable recommendations.

As part of the approach to introducing you to how the company works WFFT have asked you to complete a number of initial tasks to ensure that you have a grounded knowledge and understanding of the company. This is your opportunity to demonstrate your capability and give them the confidence to let you run your own project in the future. The responses to requests detailed below should be included in a summary Word report that you save and submit in a PDF file.

- LO1: Critically evaluate the use of data in solving business problems, presenting logical arguments based on evidence
- LO2: Explore how data analytics can be used within a business context
- LO3: Critically appraise the presentation of data within a business environment
- LO4: Critically evaluate different business analytical techniques as part of planning a data analytics initiative

a) Context. Summarise the key changes and trends that are leading to the increased importance of data analysis in companies such as Bangles, and how data analytics can add value

400 words

b) Plan. Summarise and justify the analytical approach that you will take using business analytics to answer the business question

350 words

c) Analysis
i. Data. Outline any steps you have taken to clean the data
ii. Analysis. Apply relevant analytical techniques that will support answering the business question. Summarise your analysis in insightful tables and charts and include an appropriate management commentary that highlights the key points that can be drawn from your analysis

d) Conclusion and next steps
i. Concisely summarise your conclusions and recommendations in respect of the business question. This should include how the analysis could be improved (for example through using additional data) and highlight any concerns you have re the analysis
ii. Next steps - critically evaluate the use Bangles could make of advanced techniques such as econometric analysis in further analysing the effectiveness of the UK marketing campaign
1,100 words

e) Board Summary
i. Bangles would like a 5 slide summary that they can use internally and present to the Board. This should cover all of the key points in the report

Create and then cut and paste 5 Microsoft Powerpoint slides into your document that summarises your written report

f) Additional marks are available for the professionalism of your report (for example writing style, quality of your presentation) and the use of appropriate research

Attachment:- Assessment Brief - Data Driven Decisions for Business.rar

Reference no: EM133009727

Questions Cloud

Discuss why we allow so many government institutions : Discuss why we allow so many government institutions in our society to be governed in a hierarchical, and even, authoritarian fashion.

Liabilities decrease on the debit side-true or false : When the opening amount is set up in a T account is it is placed on the same side as it appears on the balance sheet-True or false

Liabilities increase on the debit side- true or false : For every businesses transaction there must be at least one debit and one credit entry-True or false. Liabilities increase on the debit side- True or false

The total liabilities figures should be double-true or false : She going concern concept deals with the understatement and overstatement of the financial situation of the company.-True or false

Evaluate different business analytical techniques : Critically evaluate the use of data in solving business problems, presenting logical arguments based on evidence - Explore how data analytics can be used

What accounts are affected : Businesses performed a service and received payment of $1 500 cash, with the remaining $2 500 to be paid later. What accounts are affected?

Which of the accounts always has a credit value balance : Which of the accounts always has a credit value balance? A service was performed for a client with payment due in 30 days. What accounts are affected?

Develop a program for the recruitment of the person : You work for a large organisation. You can choose the industry the organisation operates in. You have been asked to oversee the recruitment process for a new em

Which of the best describes the nature of an asset : Which of the best describes the nature of an asset? An economic resource owned by a business which of ill provide some future benefits.

User Account

All Pages