Business and Data Understanding

Type of course:

Digital learning, Lesson

Language:

Duration:

10 minutes

Workload:

2 hours

Proficiency:

Beginner

Target:

Professionals

This nugget dives into the stages of “Business Understanding” and “Data Understanding” in the CRISP-DM methodology. It comprises the initial work associated with one of the most widely adopted methodologies for data mining projects. Formative assessment is presented in the end to support the student’s comprehension of the materials.

Learning outcomes

The student will recognize that "Business Understanding", as the first stage of the CRISP-DM methodology, involves gaining a clear understanding of the business problem or objective.
The student will recognize that "Data Understanding" is the second stage of the CRISP-DM methodology and focuses on getting to know the data relevant to the business problem.
The student will identify that mastering the Business and Data Understanding stages lays the foundation for effective data-driven decision-making, and they will understand this with a real-life manufacturing example.