Microsoft Excel - Introduction To Data Sceince
Microsoft Excel - Introduction To Data Sceince
Data-driven decision-making
Data-driven decision-making is an approach to making informed choices based on
data analysis and interpretation. It involves collecting, analyzing, and interpreting
relevant data to guide strategic and operational decisions. Here's a breakdown of
key concepts and steps involved in data-driven decision-making:
Data Analysis:
● Use statistical and analytical tools to process
and analyze the collected data.
● Identify patterns, trends, correlations, and
insights within the data.
Data Visualization:
● Present the findings in a visually accessible
format, such as charts, graphs, or dashboards.
Visualization makes it easier for stakeholders to
understand complex data.
Ex:
Prashant Kishor -political consultant and tactician
House wife + Saving / Covid Waves
openai.com is nearing one billion unique visitors per month.
DDDM real example
Red Roof Inn — Using data to optimize marketing & boost revenues.
Red Roof Inn is an American economy hotel chain in the United States
The chain of hotels realized that they could use flight cancellation data to increase bookings and grow their revenues. They
discovered the average flight cancellation rates were around 3% (based on publicly available data) and 90,000 passengers
got stranded daily. They combined weather reports and flight cancellation data to identify and grab marketing
opportunities.
Data Analyst can offer actionable insights that will improve operations, increase revenue, and
help the business run more smoothly. This process often involves using data visualization
tools, working with computer programming languages, and running various types of analyses.
Learning data science is comparable to data analytics in that both rely on training in computer
programming languages such as Python and SQL as well as a solid foundation in Microsoft
Excel.
● Environmental Science: Climate Change Modeling ● Agriculture: Precision Farming - weather pattern
● Education: Personalized Learning ● Social Media: Sentiment Analysis / targeted Ads
● Human Resources: Talent Acquisition and Retention ●
● Telecommunications: Network Optimization
● Crime Prevention: Predictive Policing
Jobs in Kuwait related to Data Science
Microsoft Office
Microsoft Office is a suite of productivity software applications developed by
Microsoft. It includes a variety of programs that are commonly used in both personal
and professional settings. The main components of Microsoft Office typically include:
● Document Creation
● Data Analysis
● Communication
● Collaboration
Microsoft Office is available for both Windows and macOS operating systems and is commonly
sold as a subscription service called Microsoft 365 (formerly known as Office 365), which
provides additional cloud-based features and updates.
Spreadsheet Software
There are several spreadsheet software applications available, each with its own features and
capabilities. Here are some of the popular spreadsheet software programs:
Microsoft Excel:
● Developed by Microsoft, Excel is one of the most widely used spreadsheet software. It is part of
the Microsoft Office suite and offers a comprehensive set of features for data analysis,
calculation, charting, and more.
Google Sheets:
● Google Sheets is a web-based spreadsheet application offered by Google. It allows for
collaborative editing in real-time and is accessible from any device with an internet connection.
Google Sheets is part of the Google Workspace suite.
Apple Numbers:
● Numbers is the spreadsheet software included in Apple's iWork suite. It is designed specifically for
macOS and iOS platforms and offers a user-friendly interface.
Data Analysis using Excel
Data analysis using Microsoft Excel involves using the various features and functions within
Excel to interpret, organize, and make sense of large sets of data. Excel is a powerful
spreadsheet program that provides a wide range of tools for performing tasks related to data
analysis. Here are some key aspects of data analysis using Microsoft Excel:
Conditional Formatting:
Conditional formatting allows users to highlight specific cells or ranges based on defined criteria, making
it easier to identify patterns or anomalies in the data.
Practical Application
House Wife: Education:
● Monitor your monthly expenses ● Grading and grade tracking.
● plan your savings ● Lesson planning and curriculum development.
● Student performance analysis.
Business and Finance:
● Budgeting and financial planning. Research:
● Accounting and bookkeeping. ● Data collection and organization.
● Financial analysis and reporting. ● Analysis of research data.
● Cash flow management. ● Graphs and charts for presenting findings.
● Payroll processing.
Sales and Marketing:
Project Management: ● Sales tracking and reporting.
● Task tracking and project planning. ● Customer relationship management (CRM).
● Gantt charts for project timelines. ● Marketing campaign analysis.
● Resource management. ● Lead tracking.
Practical Application
Human Resources: Real Estate:
● Employee scheduling. ● Property management and tracking.
● Attendance tracking. ● Financial modeling for real estate investments.
● Performance evaluations. ● Rent and expense tracking.
● HR analytics.
Nonprofit Organizations:
Inventory Management: ● Donor tracking and fundraising analysis.
● Stock tracking and inventory control. ● Budgeting and financial reporting.
● Order management. ● Program planning and evaluation.
● Demand forecasting.