Week 4 Day 4 of data analytics internship at IIM Lucknow by prof. Sameer Mathur

1. Making Advanced
Analytics
Work for You.
This presentation is made as a part of
Data Analytics internship by
Prof. Sameer Mathur
at IIM Lucknow.

2. Benefits of Advanced Analytics
For Business :
-Forecasting
-Enhancing Performance
-Decision making
-Developing New product
or services
For Government :
-Preventive Actions
-Rule making
-Decision making

3. Skepticism among Managers
-They’re convinced that their
organizations simply aren’t ready.
-Big Investments
-Misunderstanding of traditional data.

4. How to fully exploit Data and Analytics?

5. Companies must be able to identify, combine, and
manage multiple sources of data.

6. They need the capability to build advanced analytics
models for predicting and optimizing outcomes.

7. Management must possess the muscle to transform the
organization so that the data and models actually yield
better decisions.

8. Procedure For exploiting Data and Analytics

9. Chose the
Right Data
-Be specific about business
problems companies want
to solve or opportunities
they want to exploit.

10. -Upgrade IT Architecture for easy merging of data.

11. Build models that Predict,
Optimize business outcomes
-Need to Identify
the business
opportunity and
determine how the
model can improve
performance.

12. Develop Business-relevant analytics
that can be put to use.

13. Name : Vikrant Bhardwaj
College : V.I.T Chennai
E-mail : vikrant.bhardwaj2015@vit.ac.in