| Analytical Value Chain |
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Description |
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Global Delivery Location |
| Define Business Objectives
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- Assess the business situation
- Develop clear statement of objectives and performance metrics
- Establish the current levels of business performance
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Onsite |
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| Select Relevant Data
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- Identify sources of data for modeling with an objective of relating to business performance drivers
- Develop hypotheses of variable relationships and use it to select data
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Onsite / Offshore |
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| Data Quality Analysis |
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- Explore data for accuracy and consistency
- Establish filters for handling outliers and errors
- Validate data through statistical and visual techniques
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Offshore |
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| Clean and Transform Data |
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- Correct misclassified data and missing data
- Convert data to a standard format and develop metadata
- Construct new variables or transform variables as needed
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Offshore |
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| Modeling and Analysis |
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- Explore different model alternatives to solve the business problem
- Choose a modeling technique and establish assumptions
- Determine the decision variables of the model
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Offshore |
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| Acquire Knowledge |
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- Develop validation protocols for model performance and results
- Iterate over the results to improve the model
- Determine the optimal values for the decision variables
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Onsite / Offshore |
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| Evaluate Results |
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- Determine model accuracy
- Evaluate and interpret the model results into tangible decisions
- Conduct tests for external validation of the models if necessary
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Onsite |
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| Deploy Results |
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- Develop process changes required for model deployment for the client
- Incorporate model into the client decision-making process
- Monitor results and retest on a periodic basis
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Onsite |
