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Analyzing Data Flows and Sources for Improved Decision Making

Task 1

Task 1

Analyse the key sources and flows of data that are collected, processed, stored and taken into account in the organisation’s decision-making process. Your analysis must include:

A statement of all the current financial and non-financial data the organisation uses in its decision making;

An analysis of data integrity and identified gaps;

A map between business functions and data sources.

Task 2

Based on the outcomes of your response to Question 1, propose how decision making in the organisation can be streamlined and better informed based on (a) additional analysis of the currently observed data, and (b) any extra types of data that can be retrieved, stored and processed for augmenting the currently available information. Your response must include:

Description of data flows between the organisation and all of its stakeholders identified and ranked in terms of their relevance to strategic, tactical, and operational decision making;

An approach to the improvement in data integrity of the proposed data analytics framework;

Data protection and ethical assurance requirements.

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