Although the tasks in business data analytics are iterative and not sequential, defining the business problem or opportunity is often the first step performed in any business data analytics
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Before any of the detailed analytics work is performed, the stakeholders formulate the question that the analytics will answer. The research inquiries are derived from the business needs. The
It is critical to understand the custodians and consumers of data to identify the relevant stakeholders for an analytics initiative.
Business visualizations are used to communicate insights drawn from data with business stakeholders. They differ from technical visualizations which are aids for the analytics professionals to
A concept model is used to organize the business vocabulary needed to communicate the knowledge of a domain consistently and thoroughly.
Data mapping is used to consolidate data from one or more sources to a destination to create a meaningful set of data with a standardized format. This ensures that data can be accessed and used
Decision modelling shows how repeatable business decisions are made. For more information, see BABOK® Guide v3, chapter 10.17.Decision analysis formally assesses a problem and possible decisions
Descriptive statistics derive information about the population under study. Inferential statistics helps to assess information about a sample of the population and make informed generalizations.
Extract, Transform, and Load (ETL) refers to a data sourcing and curation approach for application development, business intelligence, and the analytics domain. ETL is often used to make data
Interface analysis is used to identify where, what, why, when, how, and for whom information is exchanged between solution components or across solution boundaries.