Melbourne Business School
Data for Decision Makers
- Delivery: Face to Face
- Study Level: Intermediate
- Duration: 2 days
- Course Type: Short Course
- Total Price: $3,500
Unlock your full leadership potential through harnessing the power of data to drive organisational value and gain a strategic edge.
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Course overview
Data for Decision Makers explores how leaders can strategically capitalise on their data to gain a competitive edge.
Companies have vast amounts of data about their customers, operations and performance, but only a few harness its full potential. By understanding the key data drivers of organisational value, you will learn to identify opportunities, ask the right questions of data experts and make informed business decisions. You will then transform these insights into impactful decisions and elevate your performance to new heights.
- #1 in-demand skills: The World Economic Forum’s Future of Jobs 2023 report finds analytical thinking, creative thinking and AI and big data will be at the top of in-demand skills by 2027.
- 96% of leaders thought Program Director Professor Yalçın Akçay enhanced their learning.
- 2000+ leaders from Australia, New Zealand, Asia, UK and Europe have discovered the immense value of joining the MBS community and engaging with the program.
"The MBS analytics program is a great opportunity for both leaders and the team to gain a firsthand immersion into understanding data and how it can be used."
Raymond Lui - Former Director of Financial Planning and Analysis, Bupa
Key facts
What you will study
- The analytics journey - Learn the complete process of transforming data into actionable insights.
- Leveraging data analytics for organisational value - Discover effective strategies and avoid common mistakes in extracting value from data.
- Data-driven decision making - Understand the true concept of data-driven decision-making and debunk myths.
- Balancing intuition and data - Explore how to combine human intuition with data insights for better decisions.
- Descriptive analytics - Grasp the basics and limitations of using descriptive analytics.
- Correlation versus causation - Learn to differentiate between correlation and causation in data analysis.
- Power of predictive analysis - Utilise predictive analytics to anticipate future trends and outcomes.
- Prediction to prescription - Develop actionable recommendations from predictive insights.
- Artificial intelligence - Explore the role of AI in enhancing advanced data analytics.
Who should attend
Executive-level professionals
- C-suite Executives, Senior Managers and Department Heads from mid-sized to large enterprises.
Middle to senior-level leaders
- Strategy and Innovation Officers, Consultants, IT Leaders, and Professionals with the capacity to influence change in their workplace.
- Leaders who wish to understand better the benefits of data analytics and how to embed a data-driven decision-making culture or organisations undergoing digital transformation.
Outcomes
Strategic mindset development
- Cultivate a strategic mindset that leverages data analytics to drive organisational value and gain a competitive edge.
Enhanced data literacy
- Elevate your understanding of data analytics, empowering you to ask the right questions and interpret insights effectively.
Leadership in data-driven culture
- Learn how to foster and lead a data-driven culture within your organisation, encouraging informed decision-making at all levels.
AI and advanced analytics strategy
- Gain insights into integrating artificial intelligence and advanced analytics into your business to unlock new opportunities.
Actionable strategic framework
- Leave with a customised strategic framework that integrates program concepts, enabling you to address your organisation's unique data challenges and opportunities effectively.