The Data Analytics Lifecycle is a structured approach to solving data-driven problems and generating insights. It consists of six key phases: Discovery, where business objectives are identified; Data Preparation, involving data collection and cleaning; Model Planning, to choose analytical techniques...
The Data Analytics Lifecycle is a structured approach to solving data-driven problems and generating insights. It consists of six key phases: Discovery, where business objectives are identified; Data Preparation, involving data collection and cleaning; Model Planning, to choose analytical techniques; Model Building, where models are developed and tested; Communicate Results, focusing on presenting findings; and Operationalize, where solutions are deployed for real-world use. This lifecycle ensures a systematic workflow that aligns data efforts with business goals, leading to informed decision-making.
Size: 2.6 MB
Language: en
Added: Apr 14, 2025
Slides: 11 pages
Slide Content
THE DATA ANALYTICS
LIFECYCLE
Overview of the
Lifecycle
Discovery
Data Preparation
Model Planning
Model Building
Communicate Results
Operationalize
Phase 2 – Data Preparation
Collect relevant data from multiple sources
Clean, format, and organize the data
Handle missing values, outliers
Phase 3 – Model Planning
Choose appropriate techniques (e.g., regression,
clustering)
Define data transformations
Visualize data to understand patterns
Split data into training and testing sets
Apply algorithms to train the model
Tune hyperparameters for performance
Phase 4 – Model Building
Visualize findings with dashboards/charts
Explain model results to stakeholders
Provide actionable insights
Phase 5 – Communicate
Results
PHASE 6 – OPERATIONALIZE
Deploy the model in a real environment
Monitor performance over time
Maintain and update models as needed
Data quality issues
Choosing the right model
Communicating to non-technical stakeholders
Best Practice: Always keep business goals in mind
Challenges & Best
Practices
Thank you very much!
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STRATEGIES
BORCELLE
Planning
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Competitive
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Analysis
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Execution
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Growth
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