Learning outcome 1
Understand how organisations use data to support decision making
- 1.1
Explain different sources of data used by organisations
What this covers: Different sources: internal (customer databases, sales records, financial reports) and external (supplier/partner data, government statistics, market research reports).
- 1.2
Explain how different organisations use different types of data
Evidence requirement: ), at least two different types of data (from range in ) and at least two explanations.
What this covers: Different organisations: public, private and third sector/not for profit; and different types: qualitative, quantitative, structured, unstructured.
- 1.3
Identify key characteristics of reliable data
Evidence requirement: Evidence must include at least four key characteristics.
- 1.4
Describe different approaches used to collate and analyse data
Evidence requirement: Evidence must include at least two qualitative and two quantitative approaches.
What this covers: Approaches: qualitative and quantitative.
- 1.5
Outline types of formats used for presenting data
What this covers: Formats: visual formats, text-based summaries, digital tools.
- 1.6
Outline the process of how data flows through an organisation
What this covers: Evidence should include the common data lifecycles. Acceptable forms of evidence may include: • annotated data extracts (eg spreadsheets, graphs, charts) • screenshots of digital work (eg presentation slides, dashboards) • observation records • annotated case studies • data analysis projects • comparative data summaries.
- 1.7
Explain ways in which data supports decision making within organisations
Evidence requirement: Evidence must include at least two different organisations (from range in