How to find business insights from simple data

My business statistics class has started at Yokohama National University.

The first exercise of the class today was making a summary of the customer inquiry data at a shopping mall.

Exercise

The students (international students from 12 countries) were required to make a brief report of the data with the following consideration:

 

(1) Which category is the most critical, Gender, Age or type of shop?

(2) At which level do you need aggregate the original data to find the insights effectively?

(3) What is the conclusion rather than calculation results?

You do NOT have to rely on any advanced statistical techniques rather you can use simple tools such as TOTAL, AVERAGE, PERCENTAGE etc.

 

This is the first step for the students who want to manage business data effectively. They were really excited about the exercise.

 

Enjoy and study hard!

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A good word to show the level of data aggregation.

My business statistics class started at Yokohama National Univerisy for the international students from all over the world.
Just to explain some basics for the new students, I was struggling to show the level of aggregation of data in my class.
This is a concept that you need to learn for managing data itself before studying some statsitics.
Today I found the word “granularity”.
I guess it is not that common word even for English speakers but it really fits the concept.
YCCS

Data analysis & management class: An “extremely practical” business program at university

The new semester at Yokohama National University in Japan will begin soon.

Here is an agenda of one of my programs for the international students:

      Modeling with statistics and meta-data

 

The name of the program is a bit strange against my intention but the program is designed for the students who need to make:

(i) a story-based presentation supported by quantitative information (data, data analysis)

(ii) a survey for their business plans/presentations

stat1

 

The class is composed of three parts:

 (1) Data management basics

(2) Data analysis techniques

 (3)  Application exercises (Story-making, survey arrangement)

stat2

 

So excited to start the extremely practical business program in April for the undergraduate students from all over the world!

 

 

 

How the analytical skills are required even for IoT and BI.

IoT (Internet of Things) and BI(Business Intelligence) are recent typical buzzwords.

But many business people pay attentions to those new “epoch-making” technologies and keep investing huge amount of money to them.

In my opinion, only technologies or tools(application etc.) may not necessarily help you to resolve your business issues.

But you need a certain level of “analytical skills” to draw a meaningful result from the technology or tools.

In more specific, you need the skill to analyze the outputs which are visualized by a BI tool. A BI tool only gives you an “output” but not” conclusion”.

Likewise, those tools need an input to make an output, which the analyst needs to define.

iot

My training programs improve such analytical skills, which cannot be replaced by any kinds of machines so far. In reality, many of my clients recognized the fact that the technology is just a tool and improved their human skills to reach better performance.

 

 

 

Piano cover: I will (The Beatles)

Another piano cover from the Beatles’s song, “I will” (in the white album).
This song is not that popular as other famous Beatles’ songs but the melody is extremely amazing.

Business logics class at Yokohama National University

The semester has just finished at Yokohama National University.

  • Business logic and team consensus
  • Problems solving

 

Good job! See you somewhere in the world!

I would be happy to give my lecture(s) of “practical” business logic making (for communication, negotiation and presentation etc.) for your company, university and many kinds of organization.

Final exams at Yokohama National University

I have announced two final exams of the classes I have at Yokohama National University.

  • Business Logics and Team Consensus

final-presentation-announcement-biz-logic

・Business Problem Solving Logics and Frameworkfinal-presentation-announcement-problem-solving

Every student is assigned to a team and they still have two weeks to prepare for the final team-presentation.

I am looking forward to their excellent outputs.