This report discusses the principles of data science for business and its application in Itineract Travel Co. It covers the company overview, use of SPSS for generating results, ethical and security considerations, and potential solutions. The report also recommends the use of Spark as a data science tool for future use.
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Principle for Data Science for business
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INTRODUCTION Data science refers to the study within which an information obtained could be turned into the valuable resources with respect to development of the IT strategies and the business in an efficient and effective manner. The present study is based on Itineract Travel company which is seen as the small scale and constantly growing travel company. Furthermore, the report highlights the company overview along with an application of the SPSS in order to generate results regarding the relationship in the two or more variables. Moreover, ethical aspects and methodology are also been presented for the purpose of making the study more reliable and valid. Assessment of Itineract Travel Co Itineract Travel Co is one of the small and a growing online socially and politically committed travel experience company. But now company is facing issue with regards to provide travel search option for the firm, though the company is specialize in offering people the opportunity in order to get best travel experience. Such that there are so many popular activities which a company provide to their customers such that wildfires in the Fornalit rainforest, cocktail evening and many more. Customer’s of the organization are quite heterogeneous i.e. none of the two customers are same. It is one of the main potential causes faced by them. They want to enhance their customer’s travelling experience and because of which they are strongly specific about this Cause. Event after that some of them feels contempt towards some of the offerings offered by the company related to some other causes. This one of the major issues which is faced by them because of which it has become important for them to enhance their user experience in a positive manner on Itineract platform. It is a delicate balancing act on which they need to focus more and more. In order to increase positive user experience of most of the customers it is important for the company to focus on bringing most suitable experiences of all the customers to foreground where it is clearly visible to the customers in a clear manner The main aim of Itineract Travel Co can be addressed with the help of data science using all the information that has been provided above, however there are few Ethical and security
considerations that are required to be dealt within the data science. Therefore, with the use of Data Science, company would try to determine the overall experience of customers and develop new system that will assist to provide best experience to their customers. Thus, the main aim of this report is to recommended the best and safe system to their users and for that there is a need to maintain and planned proper customer sensitivity with a different political cause. The report will provide a detail investigation and the tool which are used in this project that helps to meet the define aim and objectives of Itineract Travel Co. Further, report analyze and present the results using specific tools and techniques and also interpret the results as well. Along with this the study further, provide relevant information which is available for analyzing the data that is relating to other situation for e- commerce and travel experience. Then describe theethicalandsecurityconsiderationthroughwhichdatasciencedealandsuggestthe arrangement that may change if some large data is collected and lastly, it will recommend the best measures and tools which are used by the company as a data science tool in future. Along with this, it will also recommended the best measures along with its benefits, challenges and cost benefits for the company in its future. 2.2 Overview of an investigation From the investigation that has been carried out in Assessment of Itineract Travel Co briefing note it was found that one of the main problems which is faced by the company is searchability. They want to implement a recommended system that can help them to enhance their visitors on their website and increase user experience as well. This can be done with the help of data science, where only positive user experience will be displayed to the website visitors in the front end and all the negative or least positive user experience will be made almost invisible to the customer. Although, there are so many data science tools are available such that SPSS, MATLAB, Tableau, SAS, D3 and Excel etc. The data science tools are actually used in order to deliver the best products to their customers in the limited time period (Olson and et.al., 2016). For the current study, researcher uses SPSS because it is an advance analytical tool that is used in order to determine the exact results for the company. Thus, through SPSS researcher collect the information form the customers and determine their purchasing experience. Under
this, regression analysis and descriptive analysis tool is used that will assist to determine the relationship with value of experience and pilot recommendations. Along with this, graphs and results are also used that will be used to analyses the results and determine the accurate position. These proposed initiatives can be used by the organization in order to overcome problems or issues that are being faced by them in terms of searchability. This analysis will also help in providing some recommendations to the organization that can be used by them to enhance their website visitors and use experience. Through this tools, most of the companies providethe best customer services and that is why, Itineract Travel Co also use this method in order to get best service to their customers when they find best travel experience. 2.3. Result and analysis Regression analysis- It is the set of the statistical procedure that allows for examination of the relationship between two and more variables that are of interest. This tool is used for identifying probable changes in the one variable for a given amount of the change in the other variable. It means value of an unknown variable could be anticipated from that of the known value of another variable. The degree or extent to which the variables correlate to each other mainly depends on regression line. It is stated as the line which best fits to the data that is all points plotted are been connected through line in a manner that distance from line to points is counted as smallest. This method tells about a relationship between more than two variables as compared the difference between correlation and the regression. It is the widely used technique in all scientific disciplines and plays a significant role in estimating relationship between economic variables. Descriptive statistics- It referred as the coefficients which summarize the given data set that could either be seen as representation of an entire sample or sample of the population. It includes computation of mean, median, standard deviation and mode that in turn act as the statistical tool and helps in finding out the average, mid and highly repeated value in the given data set. Pilot recommendation ParticularsCount of pilot% of responses Yes33433%
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No66667% Grand Total1000100% Gender ParticularsCount of gender% of responses Male38939% Female61161% Grand Total1000 Favorite cause Row LabelsCount of favourite cause% of responses Migrants26527% Environment Worker’s Rights162 16% Democracy14815% Gender Justice12813% Environment29730% Grand Total1000100% Hypothesis Null hypothesis (H0): There is no statistical significant difference takes place in the value of experience and pilot recommendation. Alternative hypothesis (H1): There is a statistical significant difference takes place in the value of experience and pilot recommendation. SUMMARY OUTPUT Regression Statistics Multiple R 0.0335 5
R Square 0.0011 26 AdjustedR Square 0.0001 25 Standard Error 0.4718 46 Observations1000 ANOVA dfSSMSF Significa nce F Regression10.250388 0.250 388 1.124 638 0.28917 8 Residual998222.1936 0.222 639 Total999222.444 Coeffic ients Standard Errort Stat P- value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 1.6789 30.019269 87.13 1860 1.64111 8 1.7167 42 1.64111 8 1.71674 2 experiences_p urchased - 0.0077 70.007327 - 1.060 49 0.289 178-0.02215 0.0066 08 - 0.02215 0.00660 8
Interpretation- The above results shows that the relationship between experience and pilot recommendation is low as the value of R resulted as 0.035 which indicates a positive but low relationship between the variables and it depicts the correlation among the variables. Moreover, value of R square reflects that due to change in one variable, the other variable changes with double. The value of R square equated to 0.001 which means change in one variable does not he results to change in other variable with doubled value. The significance value resulted as 0.28 which is lower than 0.05 that in turn means null hypotheses is accepted. This indicates that there is no significant relationship present between experience and the pilot recommendation. 2.4 Ethical and security consideration When a company deal with the data science, they faces lots of issue and the foremost issue is unfair discrimination which means while collecting information from the primary source, make sure that no human being is discriminated on any basis. On the other side, lack of transparency is another issue which may be face by the company because it affect the overall data parameters in opposite manner (Pruinelli and et.al., 2016). Moreover, the privacy is foremost ethical challenge that affect the overall data in opposite manner. Such that researcher should make sure that all the data are protected and maintain privacy which means no third party is involve during this stage so that the results are not affected in opposite manner. When large data are collected during the researcher, ensure that proper confidentiality is maintain so that it will not affect the results in opposite manner. Also, make sure that before in order to store data, the researcher should replace data user with patent technology and this will assist to get accurate results. Apart from this, they must be comply with the principle that assist to generate accurate results. Such that, Private customer data and identity should be remain private which means that all the legal requirement should be remain private and always take consent from the respondents.
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Also, the data must be collected and stored in the application which are specifically designed in order to get the results that assist business growth (Grappiolo and et.al., 2019). Also, they may be used some projective techniques that are actually help to collect large data and by using Tableau they may analyze the best result that did not cause any wrong impact. 2.5 Data science in next step and potential solutions In order to generate the best results, SPSS as a data science tool is used that will assist to determine the outcomes at great accuracy. Also, this tool optimize less time as compared to other tool because through this model, the professionals are able to focus on the statistical and analyse the methodologies and also spend the less time while writing codes. On the other hand, utility is also become another important issue for this which affect the task in negative manner. Itineract Travel Co this methods that helps to overcome the issue and minimize the error as well. Moreover, through the data science method, company also explore historical and also make comparison to its competitors in order to analyze the market and then assist to recommend the best products and services which they have to sell in a market. Also, using data science tool in Itineract Travel Co will assist to make decision in the welfare of the company and provide data driven evidence that assist to get accurate results. Also, machine learning and big data are some another tool that is also used in order to stores and collect the information that cannot be affect the entire data in opposite manner (Castellanoand Vessio, 2020). In addition to this, it is also recommended to the company that they may use Apache Spark because it use most of the data science tool and this is specifically designed in order to handle the batch processing and stream processing. This tool assist to 100 times faster than MapReduce and make powerful prediction by using specified description. In the same way, for Itineract Travel Co, it is more beneficial to use Spark because it easily handle the streaming data and it also process the real time data as compared to other historical data science tools. In addition to this, it is also necessary for the company to use Spark because it handle the streaming data and also consider highly efficient in cluster management that makes it better than Hadoop as this is used for storage mainly. The features of Spark, is to enhance the speed of the new data, this tool also assist to store all the important data within the memory and enhance the
speed in order to get the accurate results (Logar and et.al., 2020). On the other side, this tool is used by company in future so that they get accurate results and company minimizes the issue of searchability too. Moreover, using Spark as a science tool will help to make proper prediction in their future and also get determine the purchasing experience of customers as well.In addition to this, CCO is also used to let every member of the company know about the new system and the problem through which a company face issue. In order to overcome the problem, it is recommended to the quoted firm that they may also use secondary data source collection in order to determine the exact information about rival firm. Also, through secondary method, data are collected and help to analyze the methods or data science tools which are used by the company in order to provide best customer experience to their customers. On the other side, through primary data collection method, they may use questionnaire and also get the feedback in order to generate the best results which may assist to examine the bets outcomes as well. On the other side, scaling the amount and increasing the range of source is essential because it will provide a way tothe company which further assist to minimize the issue that a company will face (Johnson, 2020). In the same way , Itineract Travel Co also uses some of the advance techniques that will assist to minimize the problem which a company face. Also, enhancing the range of source is more beneficial so that it cannot leads to wrong information. 2.2.6 Statistics and Methodology Methodology isseenasthespecificprocessor thetoolsthatare beenusedfor determining, processing, selecting and assessing an information regarding a particular research problem. It includes employing different techniques of statistics in order to make the study reliable and valid. In order to minimize the issue of searchability, researcher uses quantitative data analysis method in which SPSS tool is used that will assist to determine the exact relationship between two variables. SPSS is seen as the statistical software that is been used for the analyzing the complex data. In this study SPSS is used by developing hypotheses with regards to both the variables and applied regression analysis for showing the relationship present or exist between the two variables.
As per the above, it has been analysed that descriptive and regression statistics is used that will assist to determine the relationship between the difference takes place in the value of experience and pilot recommendation. Moreover, through this method, exact findings are determine which in turn assist to generate the best results for Itineract Travel Co. the results state that if the person are highly experienced then they will easily recommended to others and determine their experience as well. Moreover, it is also analysed that through descriptive analysis, the mean, mode and median is analyzed and this in turn assist to determine the results as well. As most of the respondents are state that they should recommend to others so that they will get better results and this in turn assist to help financial performance of the company (Saltz,Shamshurin and Connors, 2017). Regression analysis referred as the method that sorts out which variable might be having an impact. This technique helps in assessing the relationship between two or more variables by developing results and the hypotheses. It helps in showing the significant relationship between the variables and shows that extent to which such variables are inter-related. It facilitates a powerful statistical technique which allows the company for examining relationship between two and more of the variables. It allows for better decision making for the business in the present and the future conditions. Regression analysis enables in predicting the sales for a longer term and in understanding level of inventory along with the supply and the demand analysis. It helps in reviewing and understanding various variables which impacts all these things.In addition to this, it is also analyzed that by using regression analysis, a research determine the correlation between two factor and also predict the value of a variable which is based upon the value of another variable in order to determine the dependent variable. In this, experience is depending upon the recommendation and thus, it will assist to get the best outcome as well. CONCLUSION By summing up the above report it has been analyzed that there does not exist any kind of significant relationship between experience and pilot recommendation because the p value resulted as lower than 0.05. Moreover, data science methods could explore the historical, make the comparison, analyze market, competition and provide recommendations accordingly. This could help the business in understanding the way in which their respective products helps or
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enables the other company. By this study it has been reflected that pilot recommendation and the experience are counted as unrelated which that change in the one does not result to change in another variable. Thus, different statistical techniques like regression, SPSS are been used as the methodology for drawing reliable inferences and the results with respect to the hypotheses.
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