Data-driven organizations are 23X more likely to acquire customers, 6X as likely to retain those customers, and 19X as likely to be profitable as a result. While organizations are looking to improve their business with data, they also need to bridge the ever-widening gap between business and data. Analytics cannot deliver value unless aligned with business goals and needs. This course intends to help leaders address any gaps in using data and analysis for making business decisions.

KNOLSKAPE’s Data & Decisions simulation places participants in a team within an organization. Their objective is to analyze the data available and arrive at the right decisions or recommendations. During the simulation, the participant will have to choose between various strategies for analyzing and interpreting data. The experience will help participants understand how to approach and harness data and analytics to drive high-quality, result-oriented decision-making. 

Why should you Attend

After this program, 

• You will be able to differentiate insight from information
• You will understand the importance of data visualization for data-driven decision making
• You will learn to leverage principles of data visualization for effective storytelling

Know Your Trainer

KNOLSKAPE is a global leader in experiential learning with a mission to help organizations and employees become future ready. Using a large award-winning portfolio of simulations aligned with 100+ competencies and cutting-edge talent intelligence, KNOLSKAPE produces stellar outcomes for more than 375+ organizations across 75 countries. Driven by research and thought leadership, KNOLSKAPE offers its products and solutions in a flexible subscription model powered by omni-channel delivery.

Reviews

"Such a futuristic experience! The simulation and take aways were just mindblowing!"

Prerna Sharma, Student

"A must to course for present and prospective data scientists"

Jatin Sajdeh, Data Scientist

Who can do this course?

Anybody interested in learning about how to make sound data-based decisions

Learning Outcomes:

• Appreciate the need for data-based decision making
• Identify and bridge gaps between business and data
• Discover ways to define and solve business problems using data
• Learn how to leverage different data analysis approaches to create business solutions
• Apply the learning in a simulated environment

Session Flow

• Importance of data-based decision making
• Responsibility of business leaders to close the growing gap between business and data
• Leverage various approaches of data analysis to create business solutions
• A framework-based approach to data-based decision making
• Develop key competencies that enable leaders to be data-driven
• Simulation Play
• Debrief session

The decision-making process in many organizations fails to make use of the trillions of bytes of data they possess. Often, this happens despite the presence of strong analysts and analytical practices because key managers may not know how to make use of the data resources at their disposal. For organizations to succeed, leaders must have the right mindset aided by a practical understanding of data analysis so that they can arrive at the right decisions for the business.