logo

FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics

56 Pages14758 Words43 Views
   

University of Queensland

   

Business improvement and data analytics (ENG 245)

   

Added on  2020-03-04

About This Document

We make a Final Project Report on Business improvement / Data analytics, finding its problem statement, related academic & commercial research, methodology, data collection & analysis, and discuss Artefact, limitations, and recommendations. This report is based on the research conducted on data analytics in business with special emphasis on the IBM Watson Analytics tool.

FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics

   

University of Queensland

   

Business improvement and data analytics (ENG 245)

   Added on 2020-03-04

ShareRelated Documents
Running Head: FINAL PROJECT REPORT
Final Project Report: Business Improvement Plan/Data Analytics
Name of the Student
Name of the University
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_1
1FINAL PROJECT REPORT
Executive Summary
Data analytics is an important aspect of any business that wants significant progress in today’s
market. Initially, the analytics operations were done manually and as a result, there were
numerous errors in the calculations. However, after the arrival of the software, this process has
now become much easier. The data analytics software can now efficiently carry out any analytics
operations within a matter of microseconds. The software data analytics tools must be
implemented by the business organizations in order to progress in the modern market. There are
a number of software tools available for data analytics including IBM Watson Analytics,
Pentaho, Clic Data, Tap Clicks and others. Most business organizations utilize these analytics
tools for business operations that are related to the use of numerous pieces of data and
information. This report is based on the research conducted on data analytics in business with
special emphasis on IBM Watson Analytics tool.
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_2
2FINAL PROJECT REPORT
TABLE OF CONTENTS
Executive Summary.............................................................................................................1
Chapter1: Introduction.........................................................................................................2
1.1 Motivation..............................................................................................................3
1.1.1 Current Situation..............................................................................................3
1.1.2 Reason For Driving Research Project..............................................................4
1.2 Problem Statement.....................................................................................................5
1.3 Definition of the Problems.........................................................................................7
1.4 Identification of the Stakeholders..............................................................................7
1.6 Project Objectives......................................................................................................8
Chapter 2: Related Academic and Commercial Research...................................................9
2.1 Analytics Information................................................................................................9
2.2. Vista Concept Dimension’s Analytics Operating Model Components..................11
2.3 Infusing Analytics into the Decision Making Process.............................................12
2.4 Prioritizing CPG Analytics Capabilities..................................................................13
2.5 Insight Driven Decisions.........................................................................................14
2.6 Organizing and Governing Analytics Capabilities Across the Organisation..........14
2.7 Companies Vary in Implementing Analytics Operating Model..............................15
2.8 Relevant Theories and Frameworks........................................................................16
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_3
3FINAL PROJECT REPORT
Chapter 3: Methodology....................................................................................................19
3.1 Research Methodology............................................................................................19
3.2 Theoretical Perspective............................................................................................19
3.3 Research Design......................................................................................................20
3.4 Detail Methods.........................................................................................................22
3.4.1 Preparation........................................................................................................23
3.4.2 Selecting Participants........................................................................................24
3.4.5 Data Collection.................................................................................................26
3.4.6 Data Analysis....................................................................................................29
3.4.7 Additions And Changes Since Progress Report...............................................32
Chapter 4: Data Collection and Analysis...........................................................................33
4.1 Data Collection........................................................................................................35
Chapter 5: Discussion of the Artefact (IBM Watson Analytics).......................................40
Chapter 6: Summary of Findings, Limitations, Recommendations..................................42
6.1 Summary of Findings..............................................................................................42
6.2 Limitations...............................................................................................................44
6.3 Recommendations....................................................................................................45
References..........................................................................................................................47
Appendix............................................................................................................................53
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_4
4FINAL PROJECT REPORT
Chapter1: Introduction
Vista Concept Dimension is working in a field of construction, presently which is
offering urban design buildings, 3D concepts of drawing and visualizing the council planning,
provides approvals for the construction approvals, development of streets, an extension of
management, the introduction of the drawings and transforming the paper media. There are huge
numbers of services which are availed by Vista Concept Dimension. Time is changing and so the
requirements of the market are also changing. People available in the market require that they
should get instant and up to date services. In this situation, it has become important for Vista
Concept Design to introduce and apply new and up to date technology at the workplace. Hence a
research is conducted which help Vista Concept Dimension in making appropriate will set of
decision regarding the aspects of the software. Therefore to formulate the content for the
research a survey will be conducted. The target audiences of the survey were different
organizational leaders for small-scale organizations and organizational management staff for the
large-scale ones. The interview was conducted in form of direct interviews (if possible), video
calls and online distribution of questionnaire copy.
This report is based on the research conducted on data analytics in business with special
emphasis on IBM Watson Analytics tool.
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_5
5FINAL PROJECT REPORT
1.1 Motivation
1.1.1 Current Situation
Vista Concept Dimension is working in a field of construction, presently which is offering urban
design buildings, 3D concepts of drawing and visualizing the council planning, provides
approvals for the construction approvals, development of streets, extension of management,
introduction of the drawings and transforming the paper media (Tsoi, et. al., 2017). Presently
Vista Concept Dimensions is dependent more upon manual work, to design a 3D concept
technology is used by Vista Concept Design otherwise in all its functions company prefers to use
manual designs and concepts to process the work. But with the change in the market
requirements, it has become important that Vista Concept Dimension should apply a various set
of changes at the workplace (Zadrozny, et. al., 2015). There are a various set of issues which are
being faced by the company like the company is facing issues in developing proper designs of
the building, manual designs do not provide accuracy as with the passing time people having
refined skills in managing the construction and design work have got reduced. In this situation, it
has become important for Vista Concept Dimension to introduce new and improved technology
at the workplace so that quality could be brought to the business process.
In this situation, it has become important for Vista Concept Dimension to indulge in the market
survey with which it could gain a proper and relevant set of information related to the application
of new techniques in the workplace (Mao, et. al., 2017). The market research will include
gathering information related to the new software and techniques which could help in making an
effective set of decision regarding the application of the new and appropriate technology and
software at the workplace. Indulging in the market survey will help the company in managing its
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_6
6FINAL PROJECT REPORT
work and bringing quality with the effect of which it will be able to acquire more contracts
related to the building and construction site designs. Applying new technology in the workplace
will also help Vista Concept Dimension in processing the work in the more frequent way and
availing the new and innovative designs which will attract contracts with the company and will
help in attaining competitive advantage in the market (Speziale & Carpenter, 2011).
Hence, it could be evaluated that the changes in the demand for the market as well as technology
are the main aspects of motivation because of which Vista Concept Dimension is indulging in a
market research. The research will help in evaluating all the aspects related to the new
technology. Both qualitative, as well as quantitative information, will be provided by the
researcher with the effect of which more appropriate decision will be made by the company in
relation to the application of new technology at the workplace.
1.1.2 Reason For Driving Research Project
The demand for computer building designs is increasing day by day in the market. Due to this
change in demand owner of Vista Concept Dimension is anticipating the need to expand its
business so that the purpose of making the business process more efficient and to manage the
changing requirements of the customers available in the market. Owner of Vista Concept
Dimension feels that without applying new and innovative technology at the workplace it is not
possible that the requirements of the people available in the market could be managed and new
as well as innovative designs of the buildings could be provided. Owner of the company knows
that without introducing any new and innovative technology at the workplace will make the work
process typical and hard to manage (Skonieczny, et. al., 2017). Hence, the owner of the company
is seeking to apply innovation at the workplace so as to bring more quality to the work and to
manage the time and productivity of the organization. For instance, the owner is planning to
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_7
7FINAL PROJECT REPORT
apply either IBM Watson or Pentaho. These are the software which will upgrade the company
systems and will help in developing more appropriate designs of the buildings and construction
sites.
Therefore, a research will be conducted in which information related with both the software will
be gathered. The research will also help in making the comparison between both the software
with the effect of which company will be able to make an effective set of the decision in
choosing the most appropriate software for the further work processes. This way of the
investigation will provide a set direction to the company with the effect of which it will be able
to manage its work process and will be able to attract more orders towards the company.
Evaluation of all the risks factors and beneficial factors attached with the project will also be
done with the effect which accuracy to the decision will be developed (Ellis & Levy, 2017). The
project will work as a solution to the issues of the company with the effect of which it will be
able to manage all the work-related processes and will be able to manage the things in a more
subtle and effective way. The research will also help the company in making appropriate
investment decisions with the effect of which sustainability will be obtained.
1.2 Problem Statement
In project 1 there were a certain set of problems which were discovered by the researcher in
relation to the growth aspects as well as with the working culture it has (Kothari & Garg, 2016).
The company was working on the traditional methods in which all set of designs were being
developed manually only. The technology which was used by the staff members working in the
company were not so effective, which was affecting the workflow in a negative way also the
quality of the work process was getting affected. In respect to the work, Process Company was
finding it necessary to introduce new technologies at work with the help of which instant action
FINAL PROJECT REPORT 56 Running Head: Business Improvement Plan/Data Analytics_8

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Business Improvement Plan and Data Analytics
|27
|5958
|128

Predicting the Impact of Rainfall on Paddy Harvest and Agricultural Loans in Sri Lanka
|94
|33895
|82

Occasion Software: A Business Plan for Event Management
|40
|14384
|217

BUSINESS RESEARCH PROJECT CHAPTER 1 INTRODUCTION 3 1.1 Research proposal 3 1. Research project specification 3 3. Research approach 4 4. Activities & time scale4 CHAPTER 1 INTRODUCTION 3 2.1 Literatur
|33
|7324
|482

ACC508 - Informatics and Financial Applications Assignment
|14
|1672
|89

Data Analysis Research Paper 2022
|38
|11003
|26