Data-driven decision-making (DDDM) is defined as using facts, metrics, and data to guide strategic business decisions that align with your goals, objectives, and initiatives. ... People at every level have conversations that start with data and they develop their data skills through practice and application.

1. “To be data centric, is to be person centric.”
― D. Justhy, The Billion Dollar Byte
Data Driven
Decision

2. Agenda
What this presentation covers!!!
Data Analysis Steps of Cleaning data
Importance of Data Techniques
Budget
Analytical Approach
Example
01 04
02 05
03 06

3. Meaning of
Data Analysis
It is the process of analyzing a large set
of data. It is considered an essential
technique in business. Demand for data
analysis is increasing day by day.
Process:-
Clout cloud-related services will become
essential in more the 90% of analytical and
data innovation by the end of 2020.
Cloud Technology:-

4. Importance of
Data Analysis
Google, Amazon, and Southwest
Airlines – are using data to make
decisions that increase their success
and profitability.
Significant use in Successful Company
Data analysis techniques collect, organizes,
interprets, and present data in such a manner that it
provides useful data to users. Big data analytics is a
complex process of evaluating bug data to uncover
various kinds of information such as market trends,
hidden patterns, correlations, and tend patterns.
TECHNIQUES:-

5. Analytical Approach
Analytical approaches that should be taken using
business analytics for answering business-related
questions.
As per the published sources business
intelligence and global analytics software market has
reached approximately $ 21.6 billion. Also, a 20 %
growth rate was observed in the next financial year.
Demand for analysing data is increasing for reducing
chances of errors in the company.
Helps in increases business efficiency, identifying
new opportunities in the market and future growth.

6. Handling
missing data
Step 5
Validate
and QA
Step 6
List of steps that are taken for cleaning data
Filter
unwanted
outliers
Step 4
Presentation
of data for
analysis
Step 1
Removing
irrelevant
and duplicate
Step 2
Fixing
structural
Step 3

7. Significance
The financial plan of business is termed a budget.
These are classified into flexible and fixed budgets.
Any kind of alteration can be made in a flexible
budget but fixed budgets cannot be altered once
formulated.
Helpful for pre-planning structure
Several organizations on large scale have started The
use of these techniques has increased the level of
accuracy in data.
Econometric analysis
It is defined as a quantitative analysis of economical phenomena
which relies on the non- current development of observation and
theory.
Budget

8. Thank you!
Feel free to reach out to us if you have any questions.
Since 1999