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COIT20253 Business Intelligence Using Big Data

tag 2 Downloads 13 Pages / 3,189 Words tag 08-07-2021

Question:

The ability of Business Intelligence (BI) technologies to provide historical, current, and predictive views of business
operations based on the collection, extraction, and analysis of business data to improve decision has been the basis
of several studies. More recently, “Big Data” and “Big Data Analytics” have further stirred the interest of researchers and practitioners alike. You have been requested to prepare a report focusing on one of the following
topics:

1. Big Data for Supply Chain and Operations Management
2. Sports Analytics
3. Agricultural Analytics
4. Fraud Detection in Banking Sector
5. Big Data for Sentiment Analysis

Your target audience is executive business people, who have extensive business experience but limited ICT knowledge. They would like to be informed as to how new Big Data technologies may be beneficial to their business. Please note that standard report structure, including an executive summary, must be adhered to.
 
The main body of the report should include the following topics.
Executive Summary: You are required to provide brief but comprehensive synopsis of your proposal, which highlights its key points.
Introduction: You are required to introduce the topic of the report in an extremely engaging manner which arouses
the reader's interest. You are required to give a detailed general background that indicates the overall “plan” of the
report.
 
Discussion of topics: You are required to discuss the following topics in depth. Your discussion should display deep analysis of issues with no irrelevant info.
Task 1. Data Collection and Storage
• Data collection system (what kind of data should be collected and how)
• Storage system (what are the requirements to the storage and how to achieve them)
Task 2. Data in Action
• Consumer-centric product design (what is it and how to do it)
• Recommendation system (what is it and how to do it)
Task 3. Business continuity
• How online business can survive in case of power outage or other disasters?
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Total 13 pages

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