Using Big Data and Predictive Analytics For Strategic Advantage


Overview

Using Big Data and Predictive Analytics For Strategic Advantage

Big data is in many of the articles in the business section of most newspapers today. The emphasis is on the growth in non-numeric data. Non-numeric data is growing at a much more rapid rate than numeric data. In fact some say the rate of growth is 10 times the numeric data. This explosion of data of all types (text, video, audio, pictures etc.) poses a challenge to managers to effectively make sense of and use the data. Understanding, organizing, integrating and delivering this data is a key issue today. Business must be clear about the use of such data to avoid storing and managing an excess of data.

Big data carries with it many implications. The data is much more time sensitive than the traditional numeric operational data most organizations maintain. Big data may vary in time value from minutes to years especially when considering media or streaming data, data that represents a quick transaction burst or data that represents complicated real world items such as emails, x-rays, prints, diagrams, photos and sound bites.

Predictive analytics is a method of taking advantage of the promise of big data. It is more than projecting past performance or assessing likelihood of some action in the future. Today predictive analytics includes the methods that relate variables to a particular success initiative such as understanding what data drives percentages of sales, what factors predict success or failure of a credit risk, what products or services are customers buying together and to what degree can a business meet their goals by looking at impact factors.

Finding out the variables that are important to a result requires techniques of data analysis and problem solving. Analyzing and understanding enterprise the data environment that the organization has access to is key to predicting the prospects of various business alternatives.

This is a Knowledge Consultants, Inc. certified course in policy & procedure.
Certificates of Completion Requirements: All course attendees must meet minimum testing standards including in-class exercises to receive certification (75% is the passing grade).

Benefits of attending

By attending this highly informative 2 day workshop, delegates will learn how to:

  • Explain the difference between big data and data we manage today
  • Understand the trend and use of big data
  • Define the business value of big data to your organization
  • Explaining the technology available for big data today
  • Understand the difference between problems and the prediction
  • Interpret how business performance and prediction are related through measures
  • Design methods that effectively utilize prediction
  • Define how uncertainty and risk can be incorporated into predictive decisions
  • Interpret social media data to understand market potential


Who should attend

Who should attend

  • Business Managers
  • IT Managers
  • Data Analysts
  • Architects
  • Business Architects
  • Planning Executives
  • Process Analysts
  • Business Analysts
  • Enterprise and IT architects
  • Plus everyone involved in predictive analytics

Your trainer

Meet your expert course trainer: Frank Kowalkowski

Frank Kowalkowski

Frank Kowalkowski is President of Knowledge Consultants, Inc., a firm focusing on business performance, business/IT architecture and business analytical techniques. He has over 30 years of management and consulting experience in a wide variety of industries. He has been involved with many projects including business analysis, process management, business performance measurement, business and competitive intelligence and knowledge management.

In addition to being a keynote speaker at international conferences as well as a conference chair, he has written numerous papers and spoken at conferences on a variety of subjects. He conducts frequent seminars nationally and internationally on a variety of business management and information technology topics. He is co author of a quarterly column on architecture for the website TDAN.

He is the author of a 1996 book on Enterprise Analysis (Prentice – Hall, ISBN 0-13-282-3365) and numerous papers. Frank is currently working on a BPM book titled ‘The 5 Stage BPM Approach’ for managers and professionals and a new book titled ‘End to End Architecture (E2EA)’ scheduled for February 2016. His most recent publication is a featured chapter in the business architecture book titled ‘Business and Dynamic Change’ June, 2015 and a chapter on semantic process analytics in the book Passports to Success in BPM published in 2014 both are available on Amazon.

About KCI

Knowledge Consultants. Inc. (KCI)

KNOWLEDGE CONSULTANTS, INC. (KCI)

Knowledge Consultants, Inc. is a professional services firm founded in 1984. KCI provides consulting and professional education services. With over 50 courses taught worldwide, KCI provides the opportunity to develop core strengths in the following certification areas:

  • Process Management
  • IT Management
  • Business Performance Management
  • Business Analysis
  • Analytical Techniques for Business
  • Business and IT Architecture

KCI has expanded its training and consulting efforts internationally into Europe, Southeast Asia and the Middle East. KCI has an outstanding list of current and past clients including many of the Fortune’s 100 companies.

Consulting focuses on the key areas of Business Performance Management, Process Management, Business and IT Architecture, Business Analysis, Using Analytic Techniques for Performance Improvement and IT Management.


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Team of 2 delegates: 5% discount
Team of 4 delegates: 10% discount
Team of 6 delegates: 15% discount

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