The scope of the course covers the complete decision-making cycle—from understanding different types of managerial decisions
The course "Data Driven Decision Making: AI and Excel in Statistical Analysis" aims to equip learners with the knowledge and practical skills necessary to make informed, evidence-based decisions in today’s data-driven business environment. The primary objective of the course is to help participants understand how data, statistics, and artificial intelligence can be effectively integrated into managerial and financial decision-making processes, moving beyond intuition-based judgments.
The scope of the course covers the complete decision-making cycle—from understanding different types of managerial decisions (strategic, tactical, and operational) to applying statistical techniques using Microsoft Excel and AI-enabled tools. Learners gain hands-on experience with data analysis, descriptive and inferential statistics, scenario analysis, and decision frameworks, as well as the application of AI features in Excel to enhance analytical efficiency. Ethical considerations, data privacy, and the limitations of AI are also addressed to ensure responsible use of technology.
Our curriculum matches modern standard practices to provide exceptional training milestones.
UG students of Commerce, Management, Economics, Finance, Data Analytics, or related disciplinesrnPostgraduate students and research scholars seeking analytical decision-making skillsrnWorking professionals, managers, and executives across industriesrnAspiring data analysts and decision-makers interested in Excel- and AI-based analytics
Expert guidance from acclaimed industry professional leaders.
Dr. Bhoomika Batra is an Assistant Professor specializing in Financial Management, GST, Business Laws, and Data Analytics. Integrating advanced Excel, statistical software, and AI into her teaching, she bridges theory and practice. An experienced workshop leader, Dr. Batra empowers learners with essential, real-world data skills for today’s analytical economy.
A meticulous, guided learning path engineered to transform your cloud engineering expertise.
Concept and significance of Data-Driven Decision Making (DDD).Types of managerial decisions: Strategic, Tactical, and Operational. Overview of business analytics: Descriptive, Predictive, and Prescriptive. Role of Artificial Intelligence in Organizational Decision-Making. Ethics, data privacy, and responsible use of data and AI
Types of data: Categorical and Numerical. Descriptive statistics: Mean, Median, Mode, Variance, and Standard Deviation Probability concepts and basic probability distributions. Correlation and causation in decision analysis. Sampling techniques, bias, and sampling errors. Statistical formulas and functions in Excel (SUM, AVERAGE, STDEV, CORREL, etc.) PivotTables for data summarization and aggregation. Charts, conditional formatting, and data visualization in Excel
Data Analysis Toolpak: Regression, t-tests, and ANOVA. Scenario analysis and data tables in Excel. AI-enabled tools in Excel (Power Query and AI add-ins).Decision-making frameworks: SWOT analysis, Cost–Benefit Analysis, and Decision Trees Limitations and interpretability of AI-based analysis. Communicating insights through dashboards and data storytelling.