MITS6005 Big Data Case Study March 2020 MITS6005 Case Study Copyright © 2020 VIT, All Rights Reserved. 2 The purpose of assessment is to assess students on the following Learning Outcomes: LO1:...

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MITS6005 Big Data Case Study March 2020 MITS6005 Case Study Copyright © 2020 VIT, All Rights Reserved. 2 The purpose of assessment is to assess students on the following Learning Outcomes: LO1: Analyse the growth of big data and need for a scalable processing framework. Synthesize the fundamental characteristics, storage, analysis techniques and the relevant distributions. LO2: Expertly apply techniques to perform big data query manipulation, evaluate various data storage option and type of aggregated data modelling. Through a critical study, choose an appropriate storage model based on the application requirements for processing large amounts of structured and unstructured data. __________________________________________________________________________________ Objective In this assessment you will have to research a small case study and you will need to apply your knowledge to identify the main issues, prioritise, provide insights and to discuss alternatives. You must write a Case Study Report about your company discussing the strategic plan of an organization. To present a case study based on the selected organization’s current analytics strategy and your recommended strategy. Identify a key business initiative for your organization, something the business is trying to accomplish over the next 9 to 12 months. It might be something like improve customer retention, optimize customer acquisition, reduce customer churn, optimize predictive maintenance, reduce revenue theft, and so on. Brainstorm and write down what (1) customer, (2) product, and (3) operational insights your organization would like to uncover in order to support the targeted business initiative. Start by capturing the different types of descriptive, predictive, and prescriptive questions you'd like to answer about the targeted business initiative. Tip: Don't worry about whether or not you have the data sources you need to derive the insights you want (yet). Case Study Weightage: 10% Submission deadline: Session 5 MITS6005 Case Study Copyright © 2020 VIT, All Rights Reserved. 3 Write down data sources that might be useful in uncovering those key insights. Look both internally and externally for interesting data sources that might be useful. Tip: Think outside the box and imagine that you could access any data source in the world. Be analytical within your report and examine key terms and theoretical relationships in depth. ______________________________________________________________________________ General Instructions 1. Your writing should be clear and concise and be in your own words. 2. The Case Study report should be written in appropriate business language so that your analysis and discussion have an objective tone. 3. Use headings to guide the reader and include tables or diagrams that make the case clearer. 4. The Case Study report must be in the range of 1,500-2,500 words in length excluding references. 5. The referencing style must follow the IEEE referencing style. Submission Guidelines 1. Follow the links in Moodle to upload your report on or before the deadline. The report must be submitted on the LMS in the respective link i.e. MITS6005 Case Study- (Melbourne/Sydney) 2. A document that consists of introduction to the problem that you are working on with strategic plan and the resources that might help in the analysis should be mentioned. 3. Late penalty applies on late submission, 10% per day would be deducted. 4. Incidence of plagiarism will be penalized. ______________________________________________________________________________ Marking Guide: 50 Marks (scale to 10%) 1. Structure of the written report: Background information is relevant, issues are logically ordered, recommendations clearly relate to the issues. 2. Identify main issues: Prioritize choices, justify and prioritize issues chosen. 3. Analyze the issues: Each issue is discussed using relevant concepts and principles, insight MITS6005 Case Study Copyright © 2020 VIT, All Rights Reserved. 4 is shown in analyzing the information. 4. Discuss alternatives: Consider all viable short-term and long-term alternatives to potentially solve each issue, examine the advantages and disadvantages of each alternative. 5. Explain resources: Identify individuals from the case study, enumerate the time frame and monitoring processes required for the recommendations to be put into practice. 6. Write clearly and concisely: Arguments are explicit and succinct, appropriate headings are used, grammar and spelling are accurate. Rubrics for MITS6005 Case Study Task Description Marks Report Structure Relevant background information clearing relating the issue 10 Identify issue Proper identification of the issue related to the organization. The proposed issue is discussed with relevant concepts and principles. 10 Analysis Proper insight analysis is shown using appropriate charts/graphs found in the research. 10 Justify recommendation Each individual resource specified in the case study has properly justified the given analysis. 15 Conclusion Clear and explicit arguments with appropriate conclusion of the report 5 ______________________________________________________________________________ MITS6005 Big Data Case Study March 2020 MITS6005 Case Study Copyright © 2020 VIT, All Rights Reserved. 2 The purpose of assessment is to assess students on the following Learning Outcomes: LO1: Analyse the growth of big data and need for a scalable processing framework. Synthesize the fundamental characteristics, storage, analysis techniques and the relevant distributions. LO2: Expertly apply techniques to perform big data query manipulation, evaluate various data storage option and type of aggregated data modelling. Through a critical study, choose an appropriate storage model based on the application requirements for processing large amounts of structured and unstructured data. __________________________________________________________________________________ Objective In this assessment you will have to research a small case study and you will need to apply your knowledge to identify the main issues, prioritise, provide insights and to discuss alternatives. You must write a Case Study Report about your company discussing the strategic plan of an organization. To present a case study based on the selected organization’s current analytics strategy and your recommended strategy. Identify a key business initiative for your organization, something the business is trying to accomplish over the next 9 to 12 months. It might be something like improve customer retention, optimize customer acquisition, reduce customer churn, optimize predictive maintenance, reduce revenue theft, and so on. Brainstorm and write down what (1) customer, (2) product, and (3) operational insights your organization would like to uncover in order to support the targeted business initiative. Start by capturing the different types of descriptive, predictive, and prescriptive questions you'd like to answer about the targeted business initiative. Tip: Don't worry about whether or not you have the data sources you need to derive the insights you want (yet). Case Study Weightage: 10% Submission deadline: Session 5 MITS6005 Case Study Copyright © 2020 VIT, All Rights Reserved. 3 Write down data sources that might be useful in uncovering those key insights. Look both internally and externally for interesting data sources that might be useful. Tip: Think outside the box and imagine that you could access any data source in the world. Be analytical within your report and examine key terms and theoretical relationships in depth. ______________________________________________________________________________ General Instructions 1. Your writing should be clear and concise and be in your own words. 2. The Case Study report should be written in appropriate business language so that your analysis and discussion have an objective tone. 3. Use headings to guide the reader and include tables or diagrams that make the case clearer. 4. The Case Study report must be in the range of 1,500-2,500 words in length excluding references. 5. The referencing style must follow the IEEE referencing style. Submission Guidelines 1. Follow the links in Moodle to upload your report on or before the deadline. The report must be submitted on the LMS in the respective link i.e. MITS6005 Case Study- (Melbourne/Sydney) 2. A document that consists of introduction to the problem that you are working on with strategic plan and the resources that might help in the analysis should be mentioned. 3. Late penalty applies on late submission, 10% per day would be deducted. 4. Incidence of plagiarism will be penalized. ______________________________________________________________________________ Marking Guide: 50 Marks (scale to 10%) 1. Structure of the written report: Background information is relevant, issues are logically ordered, recommendations clearly relate to the issues. 2. Identify main issues: Prioritize choices, justify and prioritize issues chosen. 3. Analyze the issues: Each issue is discussed using relevant concepts and principles, insight MITS6005 Case Study Copyright © 2020 VIT, All Rights Reserved. 4 is shown in analyzing the information. 4. Discuss alternatives: Consider all viable short-term and long-term alternatives to potentially solve each issue, examine the advantages and disadvantages of each alternative. 5. Explain resources: Identify individuals from the case study, enumerate the time frame and monitoring processes required for the recommendations to be put into practice. 6. Write clearly and concisely: Arguments are explicit and succinct, appropriate headings are used, grammar and spelling are accurate. Rubrics for MITS6005 Case Study Task Description Marks Report Structure Relevant background information clearing relating the issue 10 Identify issue Proper identification of the issue related to the organization. The proposed issue is discussed with relevant concepts and principles. 10 Analysis Proper insight analysis is shown using appropriate charts/graphs found in the research. 10 Justify recommendation Each individual resource specified in the case study has properly justified the given analysis. 15 Conclusion Clear and explicit arguments with appropriate conclusion of the report 5 ______________________________________________________________________________
Answered Same DayMar 28, 2021MITS6005

Answer To: MITS6005 Big Data Case Study March 2020 MITS6005 Case Study Copyright © 2020 VIT, All Rights...

Akriti answered on Apr 01 2021
163 Votes
Big data analysis
Introduction
Big data itself means generating data at large scale as the things a person can do at big scale is the one cannot do at a smaller scale, to take the initiative to create and extract the modern insights and for creating different forms of the value in such a way that greatly impacts the changes in the present potential market, the current organizations, the existing re
lationships among the government and public, and many more. From the recent surveys it has been observed that about 50 million devices connected to the internet of things are expectedly generating data having a significant impact on the economy.it is argued by the professionals that the organization making use of big data and making detailed analysis on the same are posted on a beneficial position than others, which is directly indirectly enhancing the performance of the organization and is always provided with the competitive advantage in the market. In the future, the big data will be served as the engine for the consumers to be more informed and with the most significant and tailored strategies for the market and will ultimately provide the organizations and government with efficient and effective operations and outcomes. from the recent reports, it has been observed that big data have helped and fuelled the emergence and existence of new companies entering the market, having their major focus on data and analysis of the data and one such company or organization is BigQuery.
The concept behind the big data analysis is the analysis which requires theoretical positioning of the data and conceptualizing the same for the purpose of developing the understanding and analyzing the information, to gain the potential knowledge and intelligence-related matter which can be optimally gathered, used and managed by the requisite organization and can extract best from the same. In addition to the same various frameworks were being implemented to ascertain and understand the logic that how the big data is being transformed in the effective operational models. For the big organizations like BigQuery, big data have been proved to be the advantage based on the technology, which is helping the organizations and its members to integrate their decision-making process and then the extracted information is used as a guidance note to the management and also to the other affected sectors [5].
Significance of big data
As there is a considerable increase in the use of big data as it is making the change in the data to day operations of the business and is playing a key role in the transformation of the activities and have completely modified the way of thinking, living and working of the people, yet apart from this there are numerous significant perspectives,
Significance to national development
Nowadays, almost every part of the world has entered the period of the information age. The excessive use of so many available internets of things, cloud computing, and numerous IT technologies have resulted in making the form and structure of the data more complex. Detailed analysis and making use of big data are playing a significant role in enhancing the sustainable growth of the economy of the various affected countries and will foster competition among the countries.
Significance to scientific research
Big data have compelled the scientific communities to radically rethink and re-examine its techniques and methods used in scientific research and have triggered a boost in the scientific techniques and methodologies.it is a very well-known common fact that earlier studies in the science community were simply based on experiments and tests. The introduction of big data has proved to be a new paradigm to the research’s and studies or to put the same in other words with the help of big data the researchers are provided with all the requisite information and knowledge and need not waste their precious time on experimenting and then gathering the information for the same.
Significance to...
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