Join Wayne Winston for an in-depth discussion in this video What do you need to know to be an analytics professional?, part of Wayne Winston on Analytics.
A key road block in a lot of analytics projects is…the fact that different data sources don't talk to each other.…Let me give you an example.…Suppose you work for a fast food restaurant.…And you want to know, what factors determine…the success of employees in your business.…So you have one data base that…measures how successful employees were in your business.…And whether they left the business.…High turn over rate is important to fast food business.…You want to lessen that. And so, that's one database.…So then another database would have basically what did you…know about the employee when you hired him or her?…The problem is that many companies these databases don't communicate.…
So in other words, I would have the…performance book of the employee in one database.…I would have what I knew about the employee when I hired…him or her in another database and they don't talk to each other.…So it would be impossible…to do any analysis to figure out what…caused the employee to perform well or perform poorly.…So you want those data sources to talk to each other.…
- What is analytics?
- Predictive vs. prescriptive analytics
- What do you need to know to become an analytic professional?
- Looking at examples of good and bad metrics
- How mobile devices will shape analytics