Course Structure and Content
The programme is organised into ten comprehensive chapters, building progressively from foundational concepts to advanced applications:- Introduction to Data-Driven Decision Making Understand the principles and importance of using data as a foundation for business decisions and the shift from intuition to evidence-based strategies.
- Data Collection and Integration for Decision Making Learn techniques for gathering reliable data from multiple sources and integrating it into coherent datasets that support effective decision-making.
- Data Analytics Techniques for Decision Making Explore statistical and analytical methods, including descriptive, diagnostic, predictive, and prescriptive analytics, tailored to decision-making contexts.
- Data Visualisation for Decision Making Discover how to present data insights clearly through visualisation techniques such as charts, dashboards, and infographics, enabling stakeholders to act with confidence.
- Decision Making Frameworks and Models Study established decision-making frameworks such as rational models, bounded rationality, and multi-criteria analysis, and learn how to apply them to real-world challenges.
- Real-Time Data and Decision Making Examine the role of real-time data in enhancing agility, responsiveness, and operational efficiency within organisations.
- Ethical Considerations in Data-Driven Decision Making Address the ethical and legal challenges of using data, including issues of bias, fairness, transparency, and compliance with data protection regulations.
- Predictive Analytics for Data-Driven Decision Making Learn how predictive models and techniques can forecast future outcomes and guide strategic planning and risk management.
- Machine Learning for Data-Driven Decision Making Explore how machine learning algorithms can automate analysis, uncover patterns, and support complex decisions in dynamic environments.
- Future Trends in Data-Driven Decision Making Gain insights into emerging technologies and trends shaping the future of decision-making, including AI, big data, and advanced analytics platforms.
Learning Outcomes
By the end of the course, learners will be able to:- Apply data-driven decision-making frameworks to enhance business outcomes.
- Use data analytics techniques to support strategic and operational decision-making.
- Present complex data insights effectively through visualisations and communication strategies.
- Assess the ethical implications of using data in decision-making processes.
- Explore emerging trends and technologies that are transforming the future of data-driven decision-making.
Learning Materials
To ensure a practical and engaging learning experience, the course includes:- Recorded video lectures to explain key theories and methods.
- Visual slides to support conceptual clarity and retention.
- Case examples demonstrating the application of data-driven decision-making in real-world scenarios.
- Practical exercises that allow learners to practise and refine their decision-making skills.