1BUSINESS DATA ANALYTICS Table of Contents Part-A: Case Study Analysis...........................................................................................................2 Big Data and Art..........................................................................................................................2 Amsterdam Fire Department.......................................................................................................2 Part-B: The role of Analytics in solving business problems...........................................................3 Part-C: Sourcing Analytics Professionals........................................................................................3 1. Data Visualization Analyst......................................................................................................3 2. Business Analyst......................................................................................................................4 3. Data Scientist...........................................................................................................................4 4. Analytics Translator.................................................................................................................4 Recommendations............................................................................................................................4 References........................................................................................................................................6
2BUSINESS DATA ANALYTICS Part-A: Case Study Analysis Big Data and Art The industry to which the analytics have been applied is art and architecture. The industry is associated with recapturing the artworks of the greats and create the same effects. The business problem to be solved in the case study is to recreate the works of the great Catalan architect Gaudi and his works (Big Data and Art2020). The idea is to create new artistic works by studying and applying the same techniques used by the original artist, in this case Gaudi. The type of analytics used was big data analytics. This was important as data needed to be gathered about the original architect’s work. The original works of Gaudi was fed into the big data system, which is called Watson and designed by IBM. The original works as well as the themes that inspired the great architect Gaudi are fed into the system. These include documents, song lyrics or even historical articles. The machine learning software then uses these aspects to study the various works of the artist and use it to create a knowledge base. Subsequently, the AI system is able to identify various relate themes, objects and ideas that can inspire the new age artists to create art or architecture that is inspired heavily from the works of Gaudi. This helps to recreate the beautiful imageries that were created by the actual person. There are some significant challenges that are related to the usage of this system. Firstly, the artificial system has still some time left before it can completely be aligned with human creativity. Secondly, the system can falter at times as it is very difficult to capture the original inspirations of Gaudi. Thirdly, it can limit the creative scope of the artists if not used judiciously. Some recommendations can be provided to the artists in relation to the usage of the analytics. The artist need to use it as a source of inspiration and not use it to plagiarize. Moreover, the artists have to collaborate together to make the system even more effective. The creative scope of the artists should always be utilized to its fullest. Amsterdam Fire Department The data analytics is being applied to the Fire Fighting Department of the city of Amsterdam. The business problem is the frequent fire outbreaks in the city that happen due to various forms of negligence or other significant causes. The fire department is focused on finding the major factors that lead to the fire outbreaks at the various parts of the city. The type of analytics used is linked data analytics. Firstly, the fire engines and the fire extinguishing devices are fitted with data collection devices. These devices help gather data about the fire incidences that the department has to control. The idea is to collect as much data as possible through these data collection devices. Secondly, these data are used to create a special fire fighting database. The databases are then provided to the public to view in readable form to create more awareness.These data bases are used to create a special fire fighting online library known as the Firebrary. The library would not only consist of the data in a readable form but at the same time it would consist of the various firefighting terms (Amsterdam Fire Department: The use of Big Data analytics in fighting fires2020). The departments can learn more about these terms to ensure that there is better knowledge sharing and management. Thirdly, the data can be used to create predictive models that can help to find the issues that can lead to fire incidents around the city. Some of the main challenges that are facing this type of analytics are proper integration of the technology and the fitting the data collection devices into the fire engines to collect more information. The challenge is that the database and predictive modelling
3BUSINESS DATA ANALYTICS needtobeoptimizedasperthefunctionalrequirementsofthedepartment.Itcanbe recommended in this case that IT teams are created to manage the fire oriented databases that are being created through the analytics. It is also recommended that the fire department integrates the other forms of analytics devices to optimize the performance factors of the organization. It is important that the major areas of functional weaknesses are identified through the study. Part-B: The role of Analytics in solving business problems Two important forms of data analytics are descriptive analytics and predictive analytics. Descriptive analytics refers to the description of the raw data that is collected from various sources. It is the conversion of raw data to information that can be more easily understood and interpreted by people. The data can concern various subject matters (Schüritzet al.2017). Another major form of data analytics is predictive analysis. In this form of analytics present data is used to forecast events and their possible timings. Predictive analytics can be used to forecast future trends in various industries. An important business problem that can be considered in this case is customer feedback. Customer feedbacks are important in the present day businesses as they can provide essential insights into customer behaviours and product value in the market. Organizations presently are facing issues that are related to understanding their customers (Collinge 2020). In rapidly changing corporate environments this is causing significant issues. In this case both descriptive and predictive analytics can be used effectively to solve the major issues. Descriptive analytics can help to find the most important information from a large number of customer feedback data that is gathered from the internet. Big data analytics can be utilized more effectively through this process. Large data sets collected from a host of different internet platforms can be interpreted to understand what the customers actually want. Predictive analytics can help to understand the customer demands that can be present in the future. Large number of customer reactions and feedbacks can be collected. On the basis of the same predictive analytics can be used to find out what the demand for certain commodities can be in the future. It would make product design and marketing easier for organizations. Demand is mostly controlled by customer preferences. Predictive analytics can analyse the current feedback databases of the customers to create a knowledgebase that can help to understand future trends in customer behaviours. Part-C: Sourcing Analytics Professionals 1. Data Visualization Analyst The job of a data visualization analyst is to make raw data easier to understand. However, it does not only concern with the better presentation of raw data. Data visualization analysts are concerned with the better representation of data. The form of analytics that would be best suitable for this job position is descriptive analysis (skills and careers 2017).Descriptive analytics refers to the description of the raw data that is collected from various sources. It is the conversion of raw data to information that can be more easily understood and interpreted by people. Hence, the data visualization analyst can utilize this form of analytics to make it more presentable to the target audiences. Descriptive analytics also enhance the presentation forms for
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4BUSINESS DATA ANALYTICS various data types. Figures, stats and various forms of diagrams can be used to present data that can help analysis and decision making processes easier. The data visualization analyst can make data presentation easier through descriptive data analysis. 2. Business Analyst The job of a business analyst is to provide solutions to business problems in ways that are more cost effective. Business analysts need to develop effective technological solutions to the variousbusinessproblems.Itismoreconcernedwiththedevelopmentofeffective implementation plans to resolve the business problems (Villanovau.com2020). Considering this, prescriptive analysis would be the most effective analytics form that can be used. Prescriptive analytics help to create the best courses of actions, depending on the analysis of any business problem. This can help to ensure that more effective courses of actions are prescribed to the organization by the business analyst. Prescriptive analysis is best suited for jobs that require assisting individuals or businesses. This form of analysis utilizes a range of data to examine the prospects for the success of any business decisions or strategies. Planning can be done more effectively as a host of different business information are analysed to provide effective guidance. 3. Data Scientist A data scientist is a person who engages in identifying the best data sets that can help to lead organizations towards success. Data scientists are more concerned with finding the data that would be most useful in analysing a business problem. The most effective form of business analytics that can be used in this case is diagnostic analysis (University of Wisconsin Data Science2020). Diagnostic analysis is concerned with digging deeper in to the data sets that are available to gain more meaningful outcomes from them. This is also an analytics type that go well with descriptive analysis. Hence, diagnostic analysis can make things much easier for the data scientist. The idea is to dig deeper into the data that is available to understand data sets that would be the most effective in understanding the business problem. For example- a six months old data might be more important in terms of understanding a business problem that can be traced back to events that took place six months ago. Similar, forms of data can be used to present businesses with the best possible analytics information. 4. Analytics Translator Analytics translator that is job role that is difficult to understand but very important. Analytics translators help to capture the data provided by data engineers to create a technically implementable process considering the same (Analytics translator 2020). The translators help businesses to understand how certain data can be implemented more effectively within the business processes. The business analytics type that can be most effective in this case is predictive analytics.Predictive analytics can help to understand the customer demands that can be present in the future. Large number of customer reactions and feedbacks can be collected. On the basis of the same predictive analytics can be used to find out the best ways in which the data can be implemented. Hence, the data translator can translate the data to predict what this would mean for the processes that are at plat in the business. It is important that the AI technologies are utilized to streamline or optimize the operational factors of the given business. The business problems that can pose the greatest threats for businesses can be predicted. Subsequently, the best courses of actions can be taken.
5BUSINESS DATA ANALYTICS Recommendations The job description that would be the most important in regard to the case study discussed in part A would be that of adata scientist. In both the business problems that were considered, finding the correct data sets and using them for actionable insights are much important. Firstly, the art oriented data can be more efficiently collected to create the best works that can preserve the originality value of Gaudi. Secondly, the fire department’s data can be more effectively analysed and utilized with the help of a data scientist to create better awareness.
6BUSINESS DATA ANALYTICS References Amsterdam Fire Department: The use of Big Data analytics in fighting fires(2020). Available at: https://www.bernardmarr.com/default.asp?contentID=1082 (Accessed: 17 April 2020). Analyticstranslator:Thenewmust-haverole(2020).Availableat: https://www.mckinsey.com/business-functions/mckinsey-analytics/our-insights/analytics- translator (Accessed: 17 April 2020). Big Data and Art: Can machine learning technology recreate the work of Gaudi?(2020). Availableat:https://www.bernardmarr.com/default.asp?contentID=715(Accessed:17April 2020). Collinge,R.(2020)HowtoGatherandUseCustomerInsightstoImprove Experience,Blog.hubspot.com.Availableat:https://blog.hubspot.com/service/how-to-use- customer-feedback (Accessed: 17 April 2020). Schüritz, R., Brand, E., Satzger, G. and Bischhoffshausen, J., 2017. How to cultivate analytics capabilities within an organization?–design and types of analytics competency centers. skills,C. andcareers,J. (2017)Datavisualisationanalyst:jobdescription,TARGETjobs. Available at: https://targetjobs.co.uk/careers-advice/job-descriptions/454283-data-visualisation- analyst-job-description (Accessed: 17 April 2020). Villanovau.com(2020)Villanovau.com.Availableat: https://www.villanovau.com/resources/business-analysis/business-analyst-job-description/ #.W2g1vvZuJjo (Accessed: 17 April 2020). What Do Data Scientists Do? | University of Wisconsin Data Science(2020). Available at: https://datasciencedegree.wisconsin.edu/data-science/what-do-data-scientists-do/(Accessed:17 April 2020).