Book Image

The Art of Data-Driven Business

By : Alan Bernardo Palacio
Book Image

The Art of Data-Driven Business

By: Alan Bernardo Palacio

Overview of this book

One of the most valuable contributions of data science is toward helping businesses make the right decisions. Understanding this complicated confluence of two disparate worlds, as well as a fiercely competitive market, calls for all the guidance you can get. The Art of Data-Driven Business is your invaluable guide to gaining a business-driven perspective, as well as leveraging the power of machine learning (ML) to guide decision-making in your business. This book provides a common ground of discussion for several profiles within a company. You’ll begin by looking at how to use Python and its many libraries for machine learning. Experienced data scientists may want to skip this short introduction, but you’ll soon get to the meat of the book and explore the many and varied ways ML with Python can be applied to the domain of business decisions through real-world business problems that you can tackle by yourself. As you advance, you’ll gain practical insights into the value that ML can provide to your business, as well as the technical ability to apply a wide variety of tried-and-tested ML methods. By the end of this Python book, you’ll have learned the value of basing your business decisions on data-driven methodologies and have developed the Python skills needed to apply what you’ve learned in the real world.
Table of Contents (17 chapters)
1
Part 1: Data Analytics and Forecasting with Python
4
Part 2: Market and Customer Insights
9
Part 3: Operation and Pricing Optimization

Using web analytics to improve business operations

By utilizing insights from digital analytics and user input, we can increase the performance of our websites and apps through conversion rate optimization. This is done by using the current traffic and maximizing it, with the intention of leading to a rise in sales, leads, or any other goal.

With the help of digital analytics dashboards and analysis, we can monitor user activity, including their source, where they go on our website or app, and how they move around the various pages. We can determine where there is the most potential and what needs to be changed to meet the specified aims and objectives thanks to the content and user behavior analysis.

Tagging for a business’s website or app has context thanks to the definition and execution of a measurement plan. This enables companies to perform a strengths, weakness, opportunities, and threats (SWOT) analysis, which will lead to fixing your goals and objectives and indicate...