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  • Data and Analytics Framework v2 PDF

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    quangthang92
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    This document outlines a data and analytics framework with four stages: Discovery, Insights, Actions, and Outcomes. [1] In the Discovery stage, the problem is defined by engaging stakeholders and developing hypotheses. [2] The Insights stage explores and analyzes data to validate hypotheses. [3] The Actions stage links insights to recommendations and action plans. Executing these plans leads to the Outcomes stage of achieving business objectives.

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    This document outlines a data and analytics framework with four stages: Discovery, Insights, Actions, and Outcomes. [1] In the Discovery stage, the problem is defined by engaging stakeholders and developing hypotheses. [2] The Insights stage explores and analyzes data to validate hypotheses. [3] The Actions stage links insights to recommendations and action plans. Executing these plans leads to the Outcomes stage of achieving business objectives.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    44 views2 pages

    Data and Analytics Framework v2 PDF

    Uploaded by

    quangthang92
    This document outlines a data and analytics framework with four stages: Discovery, Insights, Actions, and Outcomes. [1] In the Discovery stage, the problem is defined by engaging stakeholders and developing hypotheses. [2] The Insights stage explores and analyzes data to validate hypotheses. [3] The Actions stage links insights to recommendations and action plans. Executing these plans leads to the Outcomes stage of achieving business objectives.

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    © All Rights Reserved
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    of 2

    Data and analytics framework

    Data-driven Decision Making 1


    Putting the framework into action

    T
    T

    Discovery Insights Actions Outcomes

    Define the problem Explore Data Link Insights Execute Plan


    What is the key Explore data sets to Use actionable data Develop clear pathways
    opportunity? understand how they insights to explain past of how insights will be
    Engage stakeholders for would help in accepting or outcomes and predict the delivered to the right
    perspective and concerns refuting the hypotheses future landscape stakeholders at the right
    Link insights to financial time
    Develop Hypotheses Analyze Data and operational metrics to Ensure the plans meet
    Answer what is likely to Use Qualitative and specify impact and aid long term business
    happen? Quantitative analysis decision making objectives and help refine
    techniques to use data to solutions in the future
    Use information from validate the hypotheses Provide Recommendations
    stakeholders and other
    knowledge to refine Convert outputs into user- Prioritize insights to build
    hypotheses friendly formats and actionable plans
    visualizations that will help Provide solutions that
    Choose the hypothesis for different stakeholders
    which the best data exists help business to address
    understand the analysis future challenges
    Collect Data
    Collect relevant internal
    and external data sets
    Validate the accuracy of
    the data

    Data-driven Decision Making 2

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