Business Science 

Problem Framework 
View  Uncover  Report 
Understand  Measure  Encode  Measure
Business  Problems & Financial 
the Drivers the Drivers Algorithms Results
as a Machine Opportunities Impact

Step 1: Step 1: Step 1: Step 1: Step 1: Step 1:  Step 1:

Isolate business unit Investigate if objectives Collect Data Evaluate performance vs Develop algorithms to Capture outcomes after Measure actual results.
are being met KPIs predict and explain decision making system
Step 2:  Step 2:  problem is implemented Step 2:
Define objectives.  Step 2:  Develop KPIs Step 2: Tie to financial benefits
Define machine in terms Synthesize outcomes Highlight potential Step 2:  Step 2:
of people and processes problem areas Tie financial value of Synthesize results in Step 3:
Step 3: individual decisions to terms of good and bad Report financial benefit of
Step 3: Hypothesize drivers Step 3: optimize for profit outcomes identifying algorithms to key
Collect outcomes in Review process and what was done and what stakeholders
terms of feedback. consider what could be Step 3: happened
Feedback identifies missed or needed to Use recommendation
problems.  answer questions algorithms to improve Step 3:
decisions Visualize outcomes over
time to determine
progress

CRISP Phase 1: Business Understanding

CRISP Phase 2: Data Understanding

CRISP Phase 3: Data Preparation

CRISP Phase 4: Modeling

CRISP Phase 5: Evaluation

CRISP-DM                                                   CRISP Phase 6: Deployment

Learn more at www.business-science.io