25.8.20
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Understanding and Analysing Data

The current business landscape is heavily driven by data-based decisions, and the ability to translate data into valuable insights and information is essential in corporate success. Done correctly, data analysis is a process that can elevate any of your operational activities to the next level.

Understanding how to perform data analysis in a business context allows employees to draw meaningful and actionable insights and make better informed decisions. Knowing the process of reading, cleaning, transforming, and modelling data is majorly beneficial personally, and organisation wide. Improving process inefficiencies, identifying new opportunities, and minimising risk are vital elements that can enrich the business in all disciplines.

Successful completion of this Microcredential will result in the Statement of Attainment of BSBDAT501 Analyse Data.

Skills / Knowledge

  • Evaluate the reliability of your data
  • Select methods of data analysis according to task requirements and industry best practice
  • Categorise, analyse, and synthesise data
  • Conduct statistical analysis to confirm the accuracy of your data analysis

Issued on

August 3, 2024

Expires on

Does not expire