Data-Driven Decision-Making

Increase Effectiveness with Data-Driven Decisions

As the amount of data available to your organization continues to grow exponentially, and as the computational capabilities advance, you will be required to find ways to employ these valuable resources to improve the performance of your group or organization, and to ensure your managerial skills are up-to-date.

This program will introduce you to quantitative decision-making frameworks, and to analytic tools and approaches, as well as illustrate best practices across businesses and industries. You’ll be empowered to incorporate data-driven decision making in your professional role and across your team or organization.

Topics

Selected topics covered during the intensive three-day program include:

Machine Learning and Data Analytics

• Data-Centric Approach to Business
• Predictive Modeling for Decision Making
• Causal Modeling and Measuring Impact
• Artificial Intelligence and Deployment of Solutions in Business

Decision Modeling and Computation

• Dynamic Decision Making under Uncertainty
• Algorithmic Decision Making
• Risk Analysis and Mitigation
• Contract Design and Negotiation Analysis

Information Management in Interconnected Markets

• Information Aggregation
• Decision-Making Strategies for Large Markets
• Decentralized Information Processing and Decision-making
• Emerging Data/Information Privacy and Security Issues

Program Objectives

At the conclusion of this program, you will be able to:

- Know the basics of analytics literacy for modern managers

• Understand the principles of core and state-of-the-art analytics models, when to use each, and how to best communicate their impact on  your recommendations and decisions
• Structure complex business  problems in order to leverage analytics when  reaching a sound decision
• Develop innovative frameworks for leveraging data and information to maximize the impact of analytics techniques on the quality of your decision-making and ultimately on your business

- Become current with the way analytics are used in business, whether by one of the most valuable companies in the world (e.g., Apple, Amazon, Facebook, Google, Microsoft), where analytics is at the core of their business model, or by one of many  startups

Most importantly, you will have the ability to observe your team’s work or your business’s performance from a data-centric viewpoint.  You will be equipped to assess where there are opportunities in your processes, strategies, incentive systems, and marketplace tactics to improve efficiencies, redirect resources, or compete more effectively, and make the decisions to implement strategies designed to address those opportunities.

Get set for three days of fast-paced, stimulating, and challenging exercises, group discussions, lectures, and case studies. You’ll gain substantial insights into how to leverage data analytics in your everyday role in your organization. You'll also enhance your ability as a manager to use data to navigate uncertainty, which will be extremely valuable to your organization and its stakeholders.