Standard Analytics Process - A step by step approach
Loading...
Authors
Bin Mahbub, Fahad
Issue Date
2018-03-23
Type
Other
Language
en_US
Keywords
Analytics , Documentation , Knowledge management
Alternative Title
Abstract
UB's analytics process is a step by step method that provides a template for how to approach and analyze data. It is also an example of how explicit knowledge can be documented and taught through process definition. Though the target audience for this process is business and data analysts, process details are provided to facilitate its application in other disciplines. This analytics process has been mapped into four major segments: "research question," "develop plan," "explore data" and "decision making." The four segments are broken into detailed steps. While variations to this process may be required in practice, this document depicts a standard process shared by the University of Bridgeport's Analytics and Systems team at the Ernest C. Trefz School of Business. While an introduction to basic algebra and statistics provides a strong foundation for this process, business acumen is a must as everything starts with a business need. This "living document" is intended to be dynamic. Subsequent changes are welcomed pursuant to version control.