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Thrombosis Prediction Dataset Insights

The document provides instructions for an open-ended data visualization and storytelling project using the Boston Condo Dataset. Students are asked to take on the role of a lead data analyst at a real estate company and explore the housing data to identify insights, create visualizations, and develop a storyboard presentation for senior management. The goal is for the storyboard to follow a logical flow in displaying an analysis that could help improve the company's current housing recommendation system. Students are encouraged to showcase different plots and features in the data to tell an open-ended story with a clear objective and recommendations.

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Charit Sharma
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50% found this document useful (2 votes)
247 views1 page

Thrombosis Prediction Dataset Insights

The document provides instructions for an open-ended data visualization and storytelling project using the Boston Condo Dataset. Students are asked to take on the role of a lead data analyst at a real estate company and explore the housing data to identify insights, create visualizations, and develop a storyboard presentation for senior management. The goal is for the storyboard to follow a logical flow in displaying an analysis that could help improve the company's current housing recommendation system. Students are encouraged to showcase different plots and features in the data to tell an open-ended story with a clear objective and recommendations.

Uploaded by

Charit Sharma
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
  • Introduction and Project Instructions

Dear Participants,

"Today many big organizations are sitting on large chunks of data, not knowing what to do with it.
They invite consultants & business analysts to have a look at data and come up with insights that
could help the organization run their business better. There is no clear set of instructions in such
open-ended problems and it is expected of the consultant to do a lot of exploration first and
formulate the problems themselves. This DVT project falls into the bucket of such open-ended
problems and a specific problem statement has not been given intentionally. It is expected of
students to explore the data and come up with good insights. There is no right and wrong answer
here. There should a clear logical story which should come out of their submission."

Please find below DVT Project instructions:

Note: Please upload the project on Tableau public and include the URL in a word doc and
upload it. 

 Any assignment found copied/ plagiarized with another person will not be graded and marked as
zero.
 Please ensure timely submission as a post-deadline assignment will not be accepted.

Please find the instructions here.

To learn how to publish your tableau file, click here .

Please use the following dataset - Boston Condo Dataset and [Link]

Problem Statement:

Consider that you are a Lead Data Analyst at a Real Estate company in Boston that has provided
you with the House Pricing dataset. You have been given a task to explore the data, create different
plots and interpret useful insights/findings. Your end goal here will be to create a storyboard that you
have to present to the Senior Management and the story has to have an end objective and should
follow a logical flow to display that you are heading towards achieving the end objective. This will
help the Senior Management in taking some decisive actions on the current House
Recommendation System in place. This storyboard will be an open-ended story for you to explore
various different features in the data and try to showcase different plots. Make sure to have minimum
clutter in the plots, follow a consistent color scheme across all the plots, and use proper colors to
highlight a specific insight. Moreover, your plots on all the dashboards should be interactive and
responsive. There should be 1 dashboard that should cover the summary of the story as well as
your recommendations.

Thanks

Program Office

Common questions

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A storyboard format benefits the presentation to senior management by structuring the data analysis in a narrative form that is both logical and persuasive. It links each data-driven insight to a part of the story, creating a coherent flow that builds upon each plot to guide the audience towards a conclusion. This format helps in retaining the viewer's attention and ensures that insights are framed within the context of broader business objectives, facilitating easier decision-making .

Interactive and responsive plots are crucial because they allow users to engage with the data dynamically, facilitating deeper understanding and exploration of the insights presented. In the context of the Boston Condo Dataset, this capability enables senior management to explore different facets of the data, such as filtering and examining trends according to specific criteria, thus leading to more informed and flexible decision-making .

Data exploration plays a critical role by allowing analysts to uncover patterns, identify anomalies, and generate hypotheses that form the foundation of the story presented to senior management. It involves dissecting the dataset to extract meaningful insights that align with strategic business objectives . Through exploration, analysts can tailor their focus on actionable insights that drive decision-making and support the implementation of a refined house recommendation system.

The open-ended nature of the DVT project requires data analysts to employ a range of skills similar to those needed in real-world scenarios, where analysts are expected to deal with large datasets without explicitly defined problems. Analysts must explore the data, identify patterns, and derive insights independently . This process demands critical thinking, problem-solving, and creativity as they formulate their problem statements, thus reflecting the dynamic and exploratory nature of data analysis in practice.

A data analyst should follow a logical structure that begins with the definition of a clear end objective. This includes identifying significant patterns and correlations within the dataset, followed by creating a narrative that connects these insights to actionable business outcomes. Each insight should be conveyed through visually clear and interactive plots in a storyboard format, ensuring consistent color schemes and minimal clutter to emphasize key findings . The presentation should culminate in a comprehensive dashboard summarizing the story and offering well-founded recommendations to support senior management's decision-making.

Minimizing clutter in data plots enhances their effectiveness by improving readability and ensuring that the insights are immediately evident without unnecessary distraction. Clutter-free visualizations help in maintaining attention on critical data elements, thus enabling a clearer focus on the relationships and trends that lead to actionable insights . This is particularly important when presenting to senior management, as it facilitates quicker comprehension and decision-making.

Highlighting specific insights rather than displaying extensive data detail is important because it allows the audience to quickly grasp the core findings and implications without being overwhelmed by extraneous information. This approach focuses attention on the most relevant data points that drive business decisions, aiding in more efficient communication and interpretation of insights . It ensures that senior management can prioritize key information for decision-making.

Using a consistent color scheme across data visualizations helps to maintain coherence and readability, making it easier for viewers to interpret and digest information. It reduces cognitive load by providing visual continuity, allowing viewers to focus more on the data's implications rather than being distracted by varying colors. This consistency supports clear communication of insights and contributes to an aesthetically pleasing presentation .

A dashboard summarizing the story and recommendations should include key insights derived from the data, visually represented through interactive charts and graphs. Essential elements include trend analyses, comparative statistics, and forecast models relating to the Boston Condo market. Additionally, concise textual explanations should contextualize each visual and guide interpretation. The dashboard should conclude with a clear set of recommendations that align with the senior management’s objectives, supported by the visual data and potential outcomes .

The absence of a specific problem statement encourages participants to engage in self-directed learning and independent exploration, which can enhance their problem-solving and critical thinking skills. By defining their own problems within the dataset, participants are forced to think creatively and strategically, simulating real-world challenges they might face as data analysts. This approach also fosters a deeper understanding of the data and its potential implications, as it requires participants to navigate uncertainty and ambiguity .

(https://olympus.mygreatlearning.com/courses/54973/files/4757286/download?wrap=1)Dear  (https://olympus.mygreatlearning.com/

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