Professional Documents
Culture Documents
Data in Action: Ejemplo de Como María llegó 1. What do I need to figure out how to
al Target en la promoción. solve this problem?
Prepare:
Questions to ask yourself in this step: Questions to ask yourself in this step:
1. What story is my data telling me? 1. How can I use the feedback I
received during the share phase
2. How will my data help me solve this (step 5) to actually meet the
problem? stakeholder’s needs and
3. Who needs my company’s product expectations?
or service? What type of person is These six steps can help you to break the
most likely to use it? data analysis process into smaller,
manageable parts, which is called structured
thinking. This process involves four basic
Share: activities:
Everyone shares their results differently so 1. Recognizing the current problem or
be sure to summarize your results with clear situation
and enticing visuals of your analysis using
data via tools like graphs or dashboards. This 2. Organizing available information
is your chance to show the stakeholders you 3. Revealing gaps and opportunities
have solved their problem and how you got
there. Sharing will certainly help your team: 4. Identifying your options
Make better decisions When you are starting out in your career as a
data analyst, it is normal to feel pulled in a
Make more informed decisions few different directions with your role and
Lead to stronger outcomes expectations. Following processes like the
ones outlined here and using structured
Successfully communicate your thinking skills can help get you back on track,
findings fill in any gaps and let you know exactly what
Questions to ask yourself in this step: you need.
Ejemplo: How to determine the best Questions that are too vague and lack
advertising method for a target audience. context….
What would happen if we advertise in Know the difference between effective and
different places? Problem Type: Making ineffective questions.
Predictions
PepsiCo
Since the days of the New Coke launch, Qualitative and quantitative data
things have changed dramatically for
Different questions maked diferente type of
beverage and other consumer packaged
data.
goods (CPG) companies.
Quantitative Data: Specific and objetive
PepsiCo "hired analytical talent and
measures of numerical facts.
established cross-functional workflows
around an infrastructure designed to put The what?
consumers’ needs first. Then [they] set up
How many?
the right processes to make critical decisions
based on data and technology use cases. How often?
Finally, [they] invested in the right
technology stack and platforms so that data Qualitative data: Subjective or explonatory
could flow into a central cloud-based hub. measures of qualities and characteristics.
This is critical. When data comes together, Charts
[they] develop a holistic understanding of
the consumer and their journeys." Graphs
Profitability of the concession stand Your analysis of the historical data shows
that the 7:30 PM showtime was the most
Evening audience preferences
popular and had the greatest attendance,
In our scenario, we assume quantitative data followed by the 7:15 PM and 9:00 PM
already exists to monitor all three trends. showtimes. You may suggest replacing the
current 8:00 PM showtime that has lower
Movie attendance over time attendance with an 8:30 PM showtime. But
Starting with the historical data the theater you need more data to back up your hunch
has through its loyalty and rewards program, that people would be more likely to attend
your first step is to investigate what insights the later show.
you can gain from that data. You look at Evening movie-goers are the largest source
attendance over the last 3 months. But, of revenue for the theater. Therefore, you
because the last 3 months didn’t include a also decide to include a question in your
major holiday, you decide it is better to look online survey to gain more insight.
at a full year’s worth of data. As you
suspected, the quantitative data confirmed Qualitative data for all three trends plus
that average attendance was 550 per month ticket pricing
but then rose to an average of 1,600 per
Since you know that the theater is planning
month for the months with holidays.
to raise ticket prices for evening showtimes
The historical data serves your needs for the in a few months, you will also include a
project, but you also decide that you will question in the survey to get an idea of
resume the analysis again in a few months customers’ price sensitivity.
after the theater increases ticket prices for
Your final online survey might include these
evening showtimes.
questions for qualitative data:
Profitability of the concession stand
1. What went into your decision to see
Profit is calculated by subtracting cost from a movie in our theater today? (movie
sales revenue. The historical data shows that attendance)
while the concession stand was profitable,
2. What do you think about the quality
profit margins were razor thin at less than
and value of your purchases at the
5%. You saw that average purchases totaled
concession stand? (concession stand
$20 or less. You decide that you will keep
profitability)
monitoring this on an ongoing basis.
3. Which showtime do you prefer, 8:00
Based on your understanding of data
PM or 8:30 PM, and why do you
collection tools, you will suggest an online
prefer that time? (evening movie-
survey of customers so they can comment on
goer preferences)
the food at the concession stand. This will
enable you to gather even more quantitative 4. Under what circumstances would
you choose a matinee over a
nighttime showing? (ticket price The following table summarizes the benefits
increase) of using a dashboard for both data analysts
and their stakeholders.
Summing it up
Benefits For Data Analysts For Stakeholders
For more samples of area charts, As a data analyst, you will work with data
column charts, and other both big and small. Both kinds of data are
visualizations, visit Tableau’s Viz valuable, but they play very different roles.
Gallery. This gallery is full of great
examples that were created using
real data; explore this resource on
your own to get some inspiration.