Making Better Decisions with Data for Small Business Owners

Overview

Discover how to leverage data collection, analysis, and visualization to gain business insights and competitive advantages for your small business in just 9 minutes.

Syllabus

- Introduction to Data-Driven Decision Making -- Importance of data in business decisions -- Overview of data-driven strategy for small businesses - Basics of Data Collection and Management -- Identifying key data sources -- Using AWS services for data collection -- Storing and managing data efficiently - Understanding Data Analysis -- Types of data analysis: Descriptive, Predictive, and Prescriptive -- Data visualization techniques -- Using AWS tools for data analysis (e.g., Amazon QuickSight, AWS Glue) - Leveraging AWS Machine Learning for Small Businesses -- Introduction to machine learning concepts -- Overview of AWS machine learning services (e.g., Amazon SageMaker) -- Identifying machine learning opportunities in your business - Making Informed Decisions with Predictive Analytics -- Developing predictive models using AWS services -- Interpreting predictive analytics results -- Case studies: Successful applications in small businesses - Implementing Data-Driven Strategies -- Developing a data-driven business plan -- Aligning business goals with data insights -- Building a culture of data-driven decision-making - Ethical Considerations and Data Privacy -- Understanding data privacy laws and regulations -- Implementing data security best practices -- Ethical considerations in data usage - Hands-On Workshop -- Setting up a small data project using AWS -- Applying data analysis tools in real business scenarios -- Group case study analysis and presentations - Conclusion and Next Steps -- Key takeaways and recommendations -- Continuous learning resources -- Q&A session - Assessment and Certification -- Final project submission -- Course certification based on project outcomes and participation

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