Business Simulation is a set of techniques used to model an outcome or a real-world scenario where the degree of uncertainty is high. Simulation produces reasonably good decision aids for

Data flow diagrams show where data comes from, which activities process the data, and if the output results are stored or utilized by another activity or external entity.

Exploratory data analysis (EDA) is an approach used to maximize the insights gained from data by investigating, analyzing, and summarizing data to uncover relevant patterns. Exploratory data

Hypothesis formulation and testing is used in business decision-making where business hypotheses are formulated in a rigorous manner to avoid purely empirical decisions. It is primarily used in

Stakeholder List, Map, Personas assists the team in analyzing stakeholders and their characteristics. From a business data analytics perspective, this technique can be used to understand how

The “big idea” is a concept that helps analysts communicate an important foundational or central insight to stakeholders. By removing extraneous information, the stakeholders better understand

A 3-minute story is used to describe certain aspects of an analytics engagement. The explanation can include the intent, key findings, relevant business decision, or a recommendation

A user story is well-written when all of the following are true: the story meets the INVEST criteria

At the Delivery Horizon, feedback is rapid and ideally in small chunks. Each story delivers a small and rapidly delivered increment of value. Typically, it is not until a collection of stories,

Analyzing data involves deciding how data analysis will be performed, including which models and mathematical or statistical techniques will be used.