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Leveraging Analytics for Businesses February 2015

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  • Leveraging Analytics for Businesses

    February 2015

  • PwC

    Agenda

    Introduction

    Analytics: Future of Business Consulting

    Business Cases: Examples from PwC US Advisory

    How to enhance your analytical skills

    How to pitch your analytical skills

    Questions

    2

    February 2015

  • PwC

    Analytics: Future of Business Consulting

    3

    February 2015

  • PwC

    The Top 6 Tech Skills You Need in 2015

    The article appeared in the business magazine Inc. on 27th Jan

    Coding

    Big Data

    Cloud Computing

    Mobile

    Data Visualization

    UX Design Skills

    4 February 2015

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    The need of analytics

    5

    February 2015

    Method 1: India is a developing country

    Method 2: India is a developing country

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    Theoretical Analytics vs. Application Analytics Theoretical Analytics: Research in fields of topics like machine learning,

    optimization, text mining, data visualization, regression, PCA, regression,

    decision trees, linear programming etc.

    Application Analytics: Solving problems of clients

    Finding how many people are going to attrite from an organization in next 1 year: regression modeling

    Clustering products from an inventory to optimize their transportation on basis of size, volume, dimensions

    Finding sentiments of users about a particular bank from social platforms like Facebook: text mining and sentiment analysis

    6

    February 2015

    Analyst: Theoretical Analytics World: Application Analytics

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    Knowledge Transfer b/w The Two Domains

    People in Theoretical Analytics

    Professors

    Researchers

    IEOR

    Institutes (MIT, Stanford)

    People in Application Analytics

    PwC Diamond

    Fractal Analytics

    Google Analytics

    McKinsey & Co.

    Opera Solutions

    EXL Inductis

    7

    February 2015

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    Business Cases Case 1: HR Analytics Predicting Attrition for FY 14-15

    8

    February 2015

  • PwC 9

    Outcomes:

    Project plan with deadlines and responsibilities

    Hypotheses inventory and mapped data elements

    Area Hypotheses

    Current and Past Managers Current/past manager/coach attrition will lead to attrition

    Current and Past Managers Time under the same manager may affect attrition

    Current and Past Managers Number of employees churned under the manager will affect

    attrition

    Demographics Tenure will have a U curve for attrition

    Demographics International employees have higher attrition

    Education/ Credentials Part time education/MBA/credentials in last cycle will lead to

    attrition

    Education/ Credentials Specific academic background /institutes will have higher

    attrition

    Engagement Levels Low engagement score lead to attrition

    Engagement Levels Employee engaged in an industry vertical having higher growth

    will have higher attrition propensity (more job availability)

    Filters Attrition is higher for some particular vertical/ business unit

    Filters Some offices will have higher attrition

    Filters Smaller offices have higher attrition

    Hours worked and vacation time High one-off vacations compared to past may lead to churn

    Hours worked and vacation time Overall number of working hours would have higher attrition

    Hours worked and vacation time Change in working hours compared to past year would have

    impact on attrition

    Hours worked and vacation time Change in working hours compared to peers would have impact

    on attrition

    Hours worked and vacation time Change in health condition will lead to attribution

    Hours worked and vacation time Sabbatical will lead to higher attrition

    Hours worked and vacation time Leave utilization will affect attrition

    Area Hypotheses

    Current and Past Managers Current/past manager/coach attrition will lead to attrition

    Current and Past Managers Time under the same manager may affect attrition

    Current and Past Managers Number of employees churned under the manager will affect

    attrition

    Demographics Tenure will have a U curve for attrition

    Demographics International employees have higher attrition

    Education/ Credentials Part time education/MBA/credentials in last cycle will lead to

    attrition

    Education/ Credentials Specific academic background /institutes will have higher

    attrition

    Engagement Levels Low engagement score lead to attrition

    Engagement Levels Employee engaged in an industry vertical having higher growth

    will have higher attrition propensity (more job availability)

    Filters Attrition is higher for some particular vertical/ business unit

    Filters Some offices will have higher attrition

    Filters Smaller offices have higher attrition

    Hours worked and vacation time High one-off vacations compared to past may lead to churn

    Hours worked and vacation time Overall number of working hours would have higher attrition

    Hours worked and vacation time Change in working hours compared to past year would have

    impact on attrition

    Hours worked and vacation time Change in working hours compared to peers would have impact

    on attrition

    Hours worked and vacation time Change in health condition will lead to attribution

    Hours worked and vacation time Sabbatical will lead to higher attrition

    Hours worked and vacation time Leave utilization will affect attrition

    Area Hypotheses

    Current and Past Managers Current/past manager/coach attrition will lead to attrition

    Current and Past Managers Time under the same manager may affect attrition

    Current and Past Managers Number of employees churned under the manager will affect

    attrition

    Demographics Tenure will have a U curve for attrition

    Demographics International employees have higher attrition

    Education/ Credentials Part time education/MBA/credentials in last cycle will lead to

    attrition

    Education/ Credentials Specific academic background /institutes will have higher

    attrition

    Engagement Levels Low engagement score lead to attrition

    Engagement Levels Employee engaged in an industry vertical having higher growth

    will have higher attrition propensity (more job availability)

    Filters Attrition is higher for some particular vertical/ business unit

    Filters Some offices will have higher attrition

    Filters Smaller offices have higher attrition

    Hours worked and vacation time High one-off vacations compared to past may lead to churn

    Hours worked and vacation time Overall number of working hours would have higher attrition

    Hours worked and vacation time Change in working hours compared to past year would have

    impact on attrition

    Hours worked and vacation time Change in working hours compared to peers would have impact

    on attrition

    Hours worked and vacation time Change in health condition will lead to attribution

    Hours worked and vacation time Sabbatical will lead to higher attrition

    Hours worked and vacation time Leave utilization will affect attrition

    44 All onboarding survey questions can be separate data file

    45 Date survey taken

    46 Company Company joined after leaving Client

    47 Company Location

    48 Company Industry

    49 Role

    50 Salary

    51 Level

    52 Function

    53 Left for competition? Yes/no

    54 Continued to work as a contractor? Yes/no

    55 Left for job in Federal sector? Yes/no

    56 Filters Role To be customized as per requirements

    57 Sub Role

    58 Line of Service

    59 Sub Level of Service

    60 Job Code

    61 Level

    62 Level Descr

    63 Role

    64 Role Descr

    65 Geo Market

    66 Region

    67 Country

    68 Identified as HIPO (yes/no)

    69 Identified as Pivotal employee (yes/no)

    70 Identified as HIPO previous years (yes/no) can be separate data file

    71 Identified as Pivotal employee previous years (yes/no) can be separate data file

    72 Total hours worked current year

    73 Total hours worked in previous years can be separate data file

    74 Client hours worked current year

    75 Client hours worked in previous years can be separate data file

    76 Biz development hours worked current year

    77 Biz development hours worked in previous years can be separate data file

    78 Vacation hours current year

    79 Vacation hours in previous years can be separate data file

    80 Parental Leave Hours current year

    81 Parental Leave Hours in previous years can be separate data file

    82 Sick Leave hours current year

    83 Sick leave hours in previous years can be separate data file

    84 Current Vacation Balance

    85 Vacation balance in previous years can be separate data file

    86 Hours over capacity (Month by Month) current year

    87 Hours over capacity (Month by Month) previous years

    88 Increase/decrease from previous years

    89 Current work zipcode

    90 Past work zipcodes can be separate data file

    91 Home zipcode

    92 Old home zipcodes can be separate data file

    93 Miles commute (if available)

    94 Miles commute past (if available) can be separate data file

    HIPO/ Pivotal

    identification

    can be separate data file

    Hours worked and

    vacation time

    Onboarding survey

    Commute distance

    Company joined

    Post Client status

    44 All onboarding survey questions can be separate data file

    45 Date survey taken

    46 Company Company joined after leaving Client

    47 Company Location

    48 Company Industry

    49 Role

    50 Salary

    51 Level

    52 Function

    53 Left for competition? Yes/no

    54 Continued to work as a contractor? Yes/no

    55 Left for job in Federal sector? Yes/no

    56 Filters Role To be customized as per requirements

    57 Sub Role

    58 Line of Service

    59 Sub Level of Service

    60 Job Code

    61 Level

    62 Level Descr

    63 Role

    64 Role Descr

    65 Geo Market

    66 Region

    67 Country

    68 Identified as HIPO (yes/no)

    69 Identified as Pivotal employee (yes/no)

    70 Identified as HIPO previous years (yes/no) can be separate data file

    71 Identified as Pivotal employee previous years (yes/no) can be separate data file

    72 Total hours worked current year

    73 Total hours worked in previous years can be separate data file

    74 Client hours worked current year

    75 Client hours worked in previous years can be separate data file

    76 Biz development hours worked current year

    77 Biz development hours worked in previous years can be separate data file

    78 Vacation hours current year

    79 Vacation hours in previous years can be separate data file

    80 Parental Leave Hours current year

    81 Parental Leave Hours in previous years can be separate data file

    82 Sick Leave hours current year

    83 Sick leave hours in previous years can be separate data file

    84 Current Vacation Balance

    85 Vacation balance in previous years can be separate data file

    86 Hours over capacity (Month by Month) current year

    87 Hours over capacity (Month by Month) previous years

    88 Increase/decrease from previous years

    89 Current work zipcode

    90 Past work zipcodes can be separate data file

    91 Home zipcode

    92 Old home zipcodes can be separate data file

    93 Miles commute (if available)

    94 Miles commute past (if available) can be separate data file

    HIPO/ Pivotal

    identification

    can be separate data file

    Hours worked and

    vacation time

    Onboarding survey

    Commute distance

    Company joined

    Post Client status

    List of variables from Datawarehouse/ HRIS

    Category Data Elements Comments

    1 ID EmplID

    2 ID Scrambled ID

    3 Job Title

    4 Sex

    5 Race

    6 Country of origin

    7 Age/Date of Birth

    8 Full/Part Time

    9 Function

    10 Function Descr

    11 Client facing role Yes/no

    12 Hire Date

    13 Status (active/departed)

    14 Termination Date

    15 Termination reason code

    16 Interviewer name

    17 Interviewer level

    18 Interviewer rating

    19 Starting pay

    20 Sign-on bonus

    21 Rehire (yes/no)

    22 Intern (yes/no)

    23 Hiring source Referral, campus, application, etc

    24 Previous Company Company where s/he worked before

    25 Direct from college (yes/no)

    26 Direct from grad school (yes/no)

    27 Worked as a contract employee for Client (yes/no)

    28 Years of experience in prior company

    29 Total years of experience prior to joining

    30 Previous company salary

    31 Previous company location

    32 Previous company Industry

    33 Previous company role

    34 Previous company function

    35 Referer

    36 Current Status of referrer

    37 If referer no longer with firm, reason for departure

    38 If referer no longer with firm, date of departure

    39 Hiring manager

    40 Years worked under hiring manager

    41 Current Status of hiring manager

    42 If hiring manager no longer with firm, reason for departure

    43 If hiring manager no longer with firm, date of departure

    Client to scramble original IDs

    Demographics

    Hiring/Termination

    information

    Interview

    Performance

    can be a separate file if multiple interviews

    per employee

    Previous company

    Referer

    Hiring Manager

    Hypotheses inventory Mapped data elements

    HR Analytics| Phase 1 - Program design

  • PwC

    Outcomes:

    Core analytic dataset containing essential data elements

    Data dictionary, data audit and hypotheses feasibility documents

    44 All onboarding survey questions can be separate data file

    45 Date survey taken

    46 Company Company joined after leaving Client

    47 Company Location

    48 Company Industry

    49 Role

    50 Salary

    51 Level

    52 Function

    53 Left for competition? Yes/no

    54 Continued to work as a contractor? Yes/no

    55 Left for job in Federal sector? Yes/no

    56 Filters Role To be customized as per requirements

    57 Sub Role

    58 Line of Service

    59 Sub Level of Service

    60 Job Code

    61 Level

    62 Level Descr

    63 Role

    64 Role Descr

    65 Geo Market

    66 Region

    67 Country

    68 Identified as HIPO (yes/no)

    69 Identified as Pivotal employee (yes/no)

    70 Identified as HIPO previous years (yes/no) can be separate data file

    71 Identified as Pivotal employee previous years (yes/no) can be separate data file

    72 Total hours worked current year

    73 Total hours worked in previous years can be separate data file

    74 Client hours worked current year

    75 Client hours worked in previous years can be separate data file

    76 Biz development hours worked current year

    77 Biz development hours worked in previous years can be separate data file

    78 Vacation hours current year

    79 Vacation hours in previous years can be separate data file

    80 Parental Leave Hours current year

    81 Parental Leave Hours in previous years can be separate data file

    82 Sick Leave hours current year

    83 Sick leave hours in previous years can be separate data file

    84 Current Vacation Balance

    85 Vacation balance in previous years can be separate data file

    86 Hours over capacity (Month by Month) current year

    87 Hours over capacity (Month by Month) previous years

    88 Increase/decrease from previous years

    89 Current work zipcode

    90 Past work zipcodes can be separate data file

    91 Home zipcode

    92 Old home zipcodes can be separate data file

    93 Miles commute (if available)

    94 Miles commute past (if available) can be separate data file

    HIPO/ Pivotal

    identification

    can be separate data file

    Hours worked and

    vacation time

    Onboarding survey

    Commute distance

    Company joined

    Post Client status

    44 All onboarding survey questions can be separate data file

    45 Date survey taken

    46 Company Company joined after leaving Client

    47 Company Location

    48 Company Industry

    49 Role

    50 Salary

    51 Level

    52 Function

    53 Left for competition? Yes/no

    54 Continued to work as a contractor? Yes/no

    55 Left for job in Federal sector? Yes/no

    56 Filters Role To be customized as per requirements

    57 Sub Role

    58 Line of Service

    59 Sub Level of Service

    60 Job Code

    61 Level

    62 Level Descr

    63 Role

    64 Role Descr

    65 Geo Market

    66 Region

    67 Country

    68 Identified as HIPO (yes/no)

    69 Identified as Pivotal employee (yes/no)

    70 Identified as HIPO previous years (yes/no) can be separate data file

    71 Identified as Pivotal employee previous years (yes/no) can be separate data file

    72 Total hours worked current year

    73 Total hours worked in previous years can be separate data file

    74 Client hours worked current year

    75 Client hours worked in previous years can be separate data file

    76 Biz development hours worked current year

    77 Biz development hours worked in previous years can be separate data file

    78 Vacation hours current year

    79 Vacation hours in previous years can be separate data file

    80 Parental Leave Hours current year

    81 Parental Leave Hours in previous years can be separate data file

    82 Sick Leave hours current year

    83 Sick leave hours in previous years can be separate data file

    84 Current Vacation Balance

    85 Vacation balance in previous years can be separate data file

    86 Hours over capacity (Month by Month) current year

    87 Hours over capacity (Month by Month) previous years

    88 Increase/decrease from previous years

    89 Current work zipcode

    90 Past work zipcodes can be separate data file

    91 Home zipcode

    92 Old home zipcodes can be separate data file

    93 Miles commute (if available)

    94 Miles commute past (if available) can be separate data file

    HIPO/ Pivotal

    identification

    can be separate data file

    Hours worked and

    vacation time

    Onboarding survey

    Commute distance

    Company joined

    Post Client status

    List of variables from Datawarehouse/ HRIS

    Category Data Elements Comments

    1 ID EmplID

    2 ID Scrambled ID

    3 Job Title

    4 Sex

    5 Race

    6 Country of origin

    7 Age/Date of Birth

    8 Full/Part Time

    9 Function

    10 Function Descr

    11 Client facing role Yes/no

    12 Hire Date

    13 Status (active/departed)

    14 Termination Date

    15 Termination reason code

    16 Interviewer name

    17 Interviewer level

    18 Interviewer rating

    19 Starting pay

    20 Sign-on bonus

    21 Rehire (yes/no)

    22 Intern (yes/no)

    23 Hiring source Referral, campus, application, etc

    24 Previous Company Company where s/he worked before

    25 Direct from college (yes/no)

    26 Direct from grad school (yes/no)

    27 Worked as a contract employee for Client (yes/no)

    28 Years of experience in prior company

    29 Total years of experience prior to joining

    30 Previous company salary

    31 Previous company location

    32 Previous company Industry

    33 Previous company role

    34 Previous company function

    35 Referer

    36 Current Status of referrer

    37 If referer no longer with firm, reason for departure

    38 If referer no longer with firm, date of departure

    39 Hiring manager

    40 Years worked under hiring manager

    41 Current Status of hiring manager

    42 If hiring manager no longer with firm, reason for departure

    43 If hiring manager no longer with firm, date of departure

    Client to scramble original IDs

    Demographics

    Hiring/Termination

    information

    Interview

    Performance

    can be a separate file if multiple interviews

    per employee

    Previous company

    Referer

    Hiring Manager

    Computed Predictors

    Macroeconomic/Industry data

    Raw Analytic Dataset

    Core Analytic Dataset

    Recruitment System

    Learning Management System

    HR Information System- PeopleSoft

    ERP Finance & Operations

    910 data fields

    Historic Data from 2006

    Data extracted from different databases/surveys

    71 individual data files

    652 total predictors

    Including 246 derived predictors

    Core analytic dataset created

    Employee

    Survey

    Data

    10

    HR Analytics| Phase II Data extraction

  • PwC

    Methodology Phase III Model development

    1. Core analytics dataset 2. Variable Treatments

    Missing value

    imputation Capping

    Flooring

    3. Modeling dataset

    Modeling dataset

    4. Data segmentation analysis

    Outcomes:

    Predictors identified, refined and validated

    Final predictive model

    Core Analytic Dataset

    5. Visualization and transformation

    6. Variables clustering 7. Iterative multivariate analysis

    8. Model fine-tuning 9. Final model

    10. Model validation

    22.2%20.0%

    5.6% 5.2% 4.4% 4.8%

    0.0%

    5.0%

    10.0%

    15.0%

    20.0%

    25.0%

    Att

    riti

    on ra

    te

    Attrition pattern by performance based award in the current year

    Multivariate visualization

    Variable interpretation

    Multicollinearity checks

    Predictor Category Attrition Predictors

    Demographics Age at the time of hiring

    Tier Tier at the end of the year

    Awards Performance award during the current year

    Training Average hours per training

    % Cumulative Attrite

    % Cumulative Non Attrite

    Lift from the model (ROC Curve) KS value

    % Population

    % Cumulative Percentage

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    0% 20% 40% 60% 80% 100%

    %Culmulative Attrite %Culmulative Non-Attrite

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

    % Cumulative Attrite % Cumulative Non-Attrite

    Maximum KS of

    41.55% indicate that the model is able to

    discriminate between attrites and

    non-attrites

    Area under the curve

    is 72.5%

    X12 X7 X14 X1 X6 X9 X3 X2

    X5 X16 X4 X8 X13 X11 X10 X15

    Set of all

    variables

    Cluster 1

    Cluster 2

    Cluster 3

    Param eter DF Estim ate Standard Error Wald Chi-Square Pr > ChiSq

    Intercept 1 -2.17 85 0.3284 44.0166

  • PwC 12

    Outcomes:

    Final summary report of key insights

    Heat maps depicting attrition risk

    Individual employee level scoring

    22,474 employees scored*

    Employee profiles created using departure probability deciles

    Current Employee Dataset

    Final Predictive Model

    Where

    Three logistic regression models for the three different segments of the population

    Though model formulation is same across the three models, coefficients and predictors are different

    *We have scored all active firm employees with tenure greater than 1 year

    HR Analytics| Phase IV Model deployment

  • PwC

    Business Cases Case 2: Trade Area Mapping and Retail Store Positioning

    13

    February 2015

  • PwC

    Retail Store Positioning

    Define the trade area map

    Identify the impact of retail store on digital

    Identify the target customer profile

    1

    2

    3

    Identify the recommended locations and the associated trade area for given customer profiles

    Define the future state of retail-network and the expected market-coverage / revenue impact

    Analyze and quantify the relationship between retail locations and online transactions

    Identify potential areas of overlap with the trade-area map

    Identify key attributes of the customers that are part of the target market for respective client products sold via retail channel

  • PwC

    Defining the trade area is dependent on target customer market Target Customer footprint around a store Category A[1] Market

    Low High

    Traditional PC Users Family Fortunes Heavy buyers of PC/

    Laptop/ Software Online channel

    preferred Power Couples More preference

    towards PC/Laptop High preference for

    tablets

    Heavy Gamers Family Sprawl Large family

    size(4+) High PC preference

    as well School Daze High propensity for

    game systems Medium Online

    preference Demand + Sales Index

    client Store (current)

    25 mile radius: no incremental

    benefit from trend fit curve

    Core market area Low competition

    effect and high

    incremental benefit (540 customers/mi)

    [1] Category A : High Demand, High Competition 1+ client stores [2] Refer ence : There is a slight decrease in trade area radius due to competition

    18 mi

    Incremental benefit : 100 customers / mi

    Slide 15

  • PwC

    0

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    0 10 20 30 40 50

    # C

    us

    tom

    er

    s

    Sales vs distance

    Gaming

    Tablets

    Software

    PC/Laptops/Tablets

    Sales

    Poly. (Sales)

    How do we optimize the trade area..

    Absolute distance threshold is around 13 miles after which the

    increment is marginal

    Force fitting gives an optimum trade area radius of 25 miles around the store

    Boundaries of trade area are defined based on the projected revenue / customer growth per incremental zip code from the stores location

    Data used : sanitized sales data (mocked up from a different project) by zipcode

    Slide 16

  • PwC

    0

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    Distance from store

    Competition Analysis

    Sales

    Capturing the impact of competition and x-channels Comparison analysis of scenarios with and without competition (including alternative retail channels), to quantify the projected impact of competition on the total revenue attributable to the store

    Data used : sanitized sales data (mocked up from a different project) by zip code

    Slight decrease in the trade area radius due to competition

    Without competition

    With competition

    Sales volume decreases due to competition

    Slide 17

  • PwC

    Low High

    Demand + Sales Index

    client Store

    Within the defined trade area measure the baseline

    for online sales and channel preferences

    18 mi

    Incremental benefit : 100 customers / mi

    Quantifying the impact of stores location on customers propensity to buy online

    Segments defined by propensity to use digital channel but wander stores for checking out new products are the ones whose buying behavior is affected by presence of a store.

    Top Segments Midlife Highlife Power Couples Online Living Family Fortunes

    Slide 18

    Online Sales analysis for Category A market

  • PwC

    0

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    0 10 20 30 40 50 60

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    tom

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    s

    Distance

    Sales vs Distance

    Sales

    Competition Presence

    Poly. (Sales)

    Poly. (Competition Presence)

    Effect of store on online sales

    Quantifying the channel preferences and influence of store wandering on transaction volume and value will help us quantify the impact of retail store on digital-transactions

    Data used : sanitized sales data (mocked up from a different project) by zip code

    Online sales+ Retail PoS

    Retail PoS

    Sales volume increased due to presence of store

    Effectively, marginal increase in trade area observed due to

    online sales

    Slide 19

  • PwC

    Business Cases Case 3: Exploring consumer demand and preference for bundled services

    20

    February 2015

  • PwC

    Market Overview : High Speed Internet Demand Penetration of Client

    *Product mix is calculated using Mock Data

    **Demand & Penetration is derived from Claritas survey data 21

    November 2014

    Demand

    Product A* Product B* Product C*

    Low High

    Downtown and northern suburb of Dallas have higher penetration and product mix along with having a high demand

    These regions have high demand for only one product type

    Suburbs of Dallas show a higher demand for High speed Internet as compared to regions around Downtown

    Size : Penetration

    Market Overview - Dallas

  • PwC

    Market Overview : Competition Analysis

    22

    November 2014

    Low High

    Demand

    Low Medium High

    This region has high demand and low competition with decent population base

    Size : Population

    This region has high demand and low competition with decent population base

    These regions have high demand and low competition with a decent population base which suggest Client should focus on entering these zips

    Majority of the zips show low competition in the high speed internet space. However, these regions are dominated by two of the competitors

    **Demand & Competition is derived from Claritas survey data

    Market Overview - Dallas

  • PwC

    Selected Zips based on certain profile attributes

    23

    November 2014

    Market Segmentation can be done by choosing from the different scenarios. Similar markets can be focused with similar strategies. After selecting markets with such filters , strategies should be created on the basis of customer profile and preferences.

    Customer Profiles Selection - Dallas

  • PwC

    Customer Profile

    24

    The following segment Economizers dominates the Dallas area. This segment consists of the poorest financial groups. Consists of racially mixed singles and single-parent families, watching wresting and listening to gospel radio

    Customer Profile Details - Dallas

  • PwC

    How to enhance your analytical skills

    25

    February 2015

  • PwC

    Gain expertise or working knowledge of theoretical analytics

    Coursera: Data Scientist Toolbox

    MIT Courseware (courses offered under Sloan School of Management): http://ocw.mit.edu/courses/sloan-school-of-management/

    MA 106: Linear Algebra

    IC 102: Probability and Statistics for Engineers, Sheldon Ross

    Kaggle: For problems in the domain of business analytics

    Visualization super awesome website: d3js.org

    26

    February 2015

    http://ocw.mit.edu/courses/sloan-school-of-management/http://ocw.mit.edu/courses/sloan-school-of-management/http://ocw.mit.edu/courses/sloan-school-of-management/http://ocw.mit.edu/courses/sloan-school-of-management/http://ocw.mit.edu/courses/sloan-school-of-management/http://ocw.mit.edu/courses/sloan-school-of-management/http://ocw.mit.edu/courses/sloan-school-of-management/http://ocw.mit.edu/courses/sloan-school-of-management/

  • PwC

    How to pitch your analytical skills

    27

    February 2015

  • PwC

    Process flow for a good problem solving

    Step 1: Understand the problem (without the bias that you have to solve it analytically)

    Step 2: Put yourself in the client shoes and realize what you would have wanted as a solution if you would have been the client. Nobody is asking you to achieve a correlation coefficient of 0.999 but rather a probably lower value of 0.7 and an implementable solution.

    Step 3: Give the first try to solving the problem imagining that you know nothing about analytics, putting business sense to it

    Step 4: Attack! Attack! Attack! Put all your analytical skills, techniques you have learned into solving the problem. Go in pure analyst mode

    Step 5: Now rephrase the analytical solution found out by you in a layman interpretable form: graphs, charts, numbers, comparisons

    28

    February 2015

  • Questions...

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