Data-Guided Simulations for Business Strategy

We will be exploring the transformative power of data-guided simulations in shaping strategic decision-making. This topic is of importance as it not only offers a perspective into this innovative field in data science but also addresses its lack of female representation. Our purpose is to discuss the need for simulations in providing data-backed decisions and optimizing systems. After the presentation, participants will understand the benefits and applications of simulations, enabling them to determine if it aligns with their aspirations as we provide advice on how to break into this field. We will begin by demystifying simulations, providing a clear definition and highlighting its relevance in non-academic spaces. Next, we will delve into real-world examples, showcasing how simulations are utilized to guide strategy in various industries. Additionally, we will discuss the different types of simulations and their specific applications, imparting practical insights that attendees can immediately apply in their own domains.