ITECH7406- Business Intelligence and Data Warehousing Research Report Assignment Sem1-2019 Overview For this assignment, the students will work individually and create a written report that will...

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Can you finish it by Tuesday??Because I have a presentation on next Wednesday.


ITECH7406- Business Intelligence and Data Warehousing Research Report Assignment Sem1-2019 Overview For this assignment, the students will work individually and create a written report that will review the applications of business intelligence analytics and Data Mining in different industry domains in decision making contexts. The purpose of this assessment is to enable students to understand how business intelligence analytics and Data Mining techniques revolutionize businesses today. Percentage Value of Report: 15% Percentage Value of Presentation: 10% Assignment Details Background Business analytics and Data Mining techniques can help organizations make sense of -- and gain a competitive advantage from -- all the data that they have in their systems. Business analytics includes “decision management, content analytics, planning and forecasting, discovery and exploration, business intelligence, predictive analytics, data and content management, stream computing, data warehousing, information integration and governance” (IBM, 2013, p. 4). There are different types of business intelligence analytics that an organization can take advantage of, including predictive analytics, text analytics and text mining, sentiment analysis, customer analytics and business intelligence data mining. Data Mining is the process of analyzing large data-sets to identify trends and patterns in the data. The data can be generated through different sources such as social media, websites, transactions, mobile devices, sensors, etc. The information extracted from this data helps organizations to derive their real business value and generate new business opportunities. In the light of above information write a 3000 words research report on specific business analytics and Data Mining techniques applications that derive business value and generate new business opportunities in any of the following three (3) industry verticals. Illustrate the impact of these techniques on businesses with examples of application from the chosen domain. Choose only any THREE (3) domains from the following list: 1. Transportation industry – in this domain the business analytics help stakeholders in making effective decision in Traffic control, route planning, intelligent transport systems and congestion management (by predicting traffic conditions). Also, could be useful for route planning to save on fuel and time, for travel arrangements in tourism etc. revenue management, technological enhancements, logistics and for competitive advantage (by consolidating shipments and optimizing freight movement), etc. 2. Banking industry - Data mining techniques can be used to detect financial fraud, including credit card fraud, corporate fraud and money laundering. 3. Health Care industry - Health care applications include discovery of patterns in radiological images, analysis of microarray (gene-chip) experimental data to cluster genes. Moreover, chronic disease states and high-risk patients can be tracked. 4. Manufacturing industry - Large volumes of data from the manufacturing industry are untapped. The underutilization of this information prevents improved quality of products, energy efficiency, reliability, and better profit margins. Business analytics can be used in solving today’s manufacturing challenges and to gain competitive advantage among other benefits. 5. Education industry - Major challenge in the education industry is to incorporate big data from different sources and vendors and to utilize it. Business analytics can be used to measure teacher’s effectiveness, overall progress of a student over time and effectiveness of curriculum, etc. 6. Customer Relationship Management - Data mining and analytics provides efficient tools to analyze customer data for the purpose of decision-making. Moreover, data mining aids analysis of buying patterns, determination of marketing strategies, segmentation of customers, stores or products. Requirements In this assignment, the findings of your research study will be presented through: · A research report · Interactive presentation. The report The report will take the form of a well-researched academic report of approximately 3000 words. Diagrams or tables are encouraged to be used to support your statements. The report should be well supported with appropriate references from reliable sources. You should include academic journals, books, theses, trade magazines and well-respected sources of related Internet materials that you find relevant. Please note – Wikipedia is NOT considered a reliable source to quote in an academic document of this type, without backup from other well reputed sources. Your report should present as a collective effort, not a series of submissions. It is expected to FLOW as one document. Table of contents, reference list and contribution statements do not count towards the final words count. All reports must use the APA referencing style The Presentation Duration: 20 minutes For the presentation component of this assessment, you will focus on the following: 1. Business analytics and Data Mining techniques specific to the chosen domains 2. Illustration of applications of the above business analytics and Data Mining techniques within the chosen domains 3. Explanation on how these specific business analytics and Data Mining techniques added business value and generated new business opportunities within the chosen domains 4. Any Challenges that associated with the application of the above business analytics and Data Mining techniques for the chosen domains Submission Submit your report as either a word or PDF document via Moodle. Marking Criteria/Rubric Refer to the attached marking guide. Feedback Feedback will be supplied through Moodle. Authoritative marks will be published through FdlGrades. Plagiarism: Plagiarism is the presentation of the expressed thought or work of another person as though it is one's own without properly acknowledging that person. You must not allow other students to copy your work and must take care to safeguard against this happening. More information about the plagiarism policy and procedure for the university can be found at http://federation.edu.au/students/learning-and- study/online-help-with/plagiarism. ITECH7406- Business Intelligence and Data Warehousing Research Report Marking Guide Sem3-2018 Criteria Marks Significance of Business analytics and Data Mining applications for the chosen industry areas /5 Research findings on Business analytics and Data Mining techniques specific to the chosen domains /10 Discussion on how business analytics and Data Mining techniques added business value and generated new business opportunities within the chosen domains /15 Report challenges that associated with the application of the business analytics and Data Mining techniques in the chosen domains /5 Introduction and Conclusion - An interesting, well written summary of the main points. For conclusion, an excellent final comment on the subject, based on the information provided. /5 References - Correct referencing (APA). All quoted material in quotes and acknowledged. All paraphrased material acknowledged. Correctly set out reference list. /5 Report Presentation Style – Spelling &grammar, length, originality, report layout , (Points will be deducted for exceedingly long or short reports. /5 Total /50 Marks /15 General Comments: ITECH7406- Business Intelligence and Data Warehousing Research Presentation Marking Guide Sem3-2018 Criteria Marks Introduction - chosen industries and significance of analytics for the them /10 Industry specific Business analytics and Data Mining techniques /10 Applications of the business analytics and Data Mining techniques that added business value and generated new business opportunities within the chosen domains /15 Challenges that associated with the application of the above business analytics and Data Mining techniques for the chosen domains /5 Conclusion - an excellent final comment on the subject based on the research findings. /5 Presentation Style e.g. layout, clarity, engagement /5 Total /50 Marks /10 General Comments: 1 1 7
Answered Same DayMay 10, 2021ITECH7406

Answer To: ITECH7406- Business Intelligence and Data Warehousing Research Report Assignment Sem1-2019 Overview...

Archana answered on May 12 2021
140 Votes
Assignment
Contents
Introduction    1
Significance data mining and business analytics in the chosen fields    1
Research findings based on data mining and business analytics    4
Values added by business analytics and data mining processes for new opportunities in business organizations    5
Challenges    7
Conclusion    8
Reference    9
Introduction
The basis of business analytics can be understood from the explanations of skill implementation and use of Technology in these practices. This utilizes the use and understanding of various business strategies relevant to the organization as well as the use of various technologies to analyze these business strategies and use the strategies
for improvement and progress of the work culture within the organization. The investigation and analysis of business strategies in the field of business analytics enables organization to improve as well as the business plans to develop allowing better profits. Several techniques which can be used to follow this procedure and help in the improvement of business tactics include affinity grouping, descriptive analytics, clustering along with predictive analytics among others. With the help of data analytic tools and data mining, large number of companies have come up who use these techniques to help in the collection and organization of data from various different sources and thereafter accumulate this information in the best possible manner to help in the progress of the organization allowing better strategic marketing (Duan & Xiong, 2015). The following report will talk about the various uses and implications of Data analytics and data mining in three major industries – Healthcare, education and banking sectors. Use of these tools of data mining has cost betterment of these sectors in all respect, by allowing better data integration and data tabulation.
Significance data mining and business analytics in the chosen fields
With continuous advancement of technological means to better organizational, various industries undertake and implement newest tools and techniques to allow business trends to emerge and adopt these trends. The use of various data mining and Data analytics technologies have better the chances of following these emerging trends and causing a significant improvement with respect to the expected end results. In the fields of Healthcare, education and banking industries, the significance of adoption of business intelligence techniques along with data mining has proved to be a word the value because of the high level of impact (Dutt et al., 2017). The significance is will be discussed:
Healthcare sector: the health care sector requires tabulation and analysis of a large number of data on a daily basis because of the continuous inflow of personal information with regard to the patients involved in the Healthcare industry. The importance of data mining in the chosen industry can be understood from the fact that patients and family members require confidentiality as well as maintenance of satisfaction to allow growth of the industry (Jothi & Husain, 2015). Until the tabulation of all relevant data is made in a structured manner, the health industry cannot flourish because the confidence of the patient party is not received. Various important information need to be stored in this industry such as personal information of the patient like medical history and expected disease process along with other relevant information of allergic or drug history which has high value in the medical field along with personal information, cost tabulation as well as treatment procedure on a daily basis need to be stored by the healthcare department to ensure that no data is leaked or lost and all data can be accessed at a later period (Rojas et al., 2016). Maintenance of confidentiality which respect to these information is a Paramount importance because of the sensitive nature and data mining techniques guarantee the maintenance of confidentiality and storage of all data without loss. The most important technique used in the Healthcare sector for storage and retrieval of data or predictive tools and descriptive data mining models because of their application process and easy interface (Laursen & Thorlund, 2016).
Education sector: the education industry depends on data mining tools to a certain extent but this field is still not widely understood and researched which respect to the chosen industry. Because of the various kinds of students and staff that are present in educational industry, data mining procedures are highly anticipated and required so that the activities undertaken in these setups can be better understood and improved if necessary (Koedinger et al.,2015). The educational sector requires a large number of tools to extract data from different record books and store them for future reference because of their continuous used throughout the educational span of an individual student. This data categories range from student records including personal files, records of success or failure in an examination with individual reports, attendance records and other student files as well as several online logs to refer to add any period of time without facing major issues. EDM, which is the educational data mining sector which really helps in gaining a good understanding off the data required in these factors that may vary from large scale information to small scale mining data which are as important as the large scale data (Sin & Muthu, 2015). The use of these tools in the educational sector guarantees the involvement of students in various curricular and extracurricular activities because of the continuous possibility of assessment and improvement in the learning patterns. Business analytics as well as data mining technology in this field was not primarily used to a large extent in the past, but has gained a lot of popularity because of the various positive effects that have been found as a result of their usage. Several techniques such as association, classification as well as clustering, which fall under civil procedure, have enabled a better usage of this tool. The techniques which are most commonly used in educational sector are various, ranging from Impressive Association, Bayesian Classification, Partitioning Methods, among others.
Banking sector: the banking sector requires the use of data mining and analytics because of the wide number of data collection and data storage that is required from all individual employees and each banking organization (Aggarwal, 2015). With the use of data mining, assured techniques of storing and extracting personal data of consumers of this industry can be maintained without any issues of confidentiality threats or risks. The large number of details that need to be stored in the banking...
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