Buy Making Data Driven Decisions

Buy Making Data Driven Decisions
To make sense of all the data available to them, business leaders work alongside data scientists who generate data visualizations to understand business questions via analytics. This process gives companies insight into what is working and what is not (e.g., whether the products or services offered are meeting expectations or whether a shift in strategy is necessary).
In this assignment, you will:
· analyze quantitative and qualitative data to assess the performance of a product since its launch,
· draw conclusions and communicate them in your assignment, and
· create data visualizations to provide evidence supporting your conclusion.
The purpose of this analysis is to better understand the cost, revenue, and profit associated with the new product launch. **Please review the attached excel spreadsheet before moving forward**
Directions
Describe your Role and Goal
Introduce the purpose of this assignment by answering these questions: What are you reporting on and what are you analyzing? Why is it important to analyze this information? (In 25-50 words)
Explain the importance of Data Visualization
Why is data analysis important? How can it help you understand whether the new product had a successful launch? (In 25-50 words)
Analyze Past Performance
In 200–400 words, summarize the general trends by answering these questions: How did COGS, profit, and profit as a percentage of COGS change over time? How close did your company come to meeting its goal?
Tell the story of your product’s launch through data visualizations. Keep your target audience in mind as you choose which data visualizations. Keep your target audience in mind as you choose which data visualization to use. Look for the visualizations that best highlight the trends and that will be easiest for your audience to interpret.
(Chart one) **Now you should create a graph or chart of the data visualizations and insert here**
In 15–30 words, answer these questions: What kind of graphic have you selected and why? What is the main point you would like to make with this visualization?
(Chart Two) Upload the next data visualization chart here
In 15–30 words, answer these questions: What kind of graphic have you selected and why? What is the main point you would like to make with this visualization?
Buy Making Data Driven Decisions
Predict Future Performance
In 60–120 words, answer this question and explain your reasoning: Based on past performance, do you expect that the company will be able to meet its goal of a profit that is equal to 25 percent of the COGS in the future?
(Chart Three)
Upload a data visualization that provides the strongest evidence to support your argument.
In 15–30 words, answer these questions: What kind of graphic have you selected and why? What is the main point you would like to make with this visualization?
Summarize Your Findings
In 50–100 words, describe the launch of this product and answer these questions: Has it been successful? What trends have you been able to illustrate with your visualizations? What do you hope your target audience has gained from viewing your data visualizations?