INFO8095 - Week 2 - Slides
INFO8095 - Week 2 - Slides
Week 2 Class 1
This class
• Data Analytics Lifecycle Overview
• Discovery
• Data Preparation
• Model Planning
• Model Building
• Communicate Results
• Operationalize
DATA ANALYTICS LIFECYCLE OVERVIEW
Big Data Lifecycle Overview (1)
Diagram Source: LinkedIn Learning, Business Analysis Foundations: Business Process Modeling by Haydn Thomas
Data Mining and Modeling Implementation
Process
1. Understanding the Business Process
Create a business process map to visualization the business process to
better understand the roles of various stakeholders.
Diagram Source: LinkedIn Learning, Business Analysis Foundations: Business Process Modeling by Haydn Thomas
Analyzing a Business Process
Business Process Analysis Techniques
• Gap Analysis (What information are you missing from the process)
• Value-added Analysis (Does activities in your business process adds
value to the overall business process or your organization?)
• Root Cause Analysis (Find the root cause for a problem and mitigate)
• Observation (Observe the process in real time to determine if the
process works as intended or not)
• Experience Examination (Seek the inputs of Subject Matter Experts
(SMEs) within your organization)
Data Mining and Modeling Implementation
Process
1. Understanding the Business Process
Data results and discoveries generated are analyzed against the business
objectives
Data Mining and Modeling Implementation Process
6. Deployment
• Project Manager
o Determines if the project was completed on time and within budget and how well the goals were met.
• Business Analyst
o Need to ensure all is documented for operational purposes as well as potential future use
• Data Scientist
o Needs to share the code and explain the model to peers, managers, and other stakeholders.