NMIMS Fundamentals of Big Data & Business Analytic June 2023

50% Off

NMIMS Fundamentals of Big Data & Business Analytic June 2023

249.00499.00

Clear

Description

NMIMS Fundamentals of Big Data & Business Analytic

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Fundamentals of Big Data & Business Analytics
Internal Assignment Applicable for June 2023 Examination

1. There are different types of business analytics procedures that can be performed based
on the problem statement. Assume you’re working for the government of India as the
analytics advisor. Provide 3 different use cases that can be used for the government
where you could take advantage of the different types of business analytics procedures
and create or add value to the government, country, and the economy. Mention briefly
For Theoretical Answer
Assessment Parameter Weightage
Introduction 20%
Concepts and Application
related to the question
60%
Conclusion 20%
For Numerical Answer
Assessment Parameter Weightage
Understanding and usage
of the formula
20%
Procedure / Steps 50%
Correct Answer &
Interpretation
30%
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Fundamentals of Big Data & Business Analytics
Internal Assignment Applicable for June 2023 Examination
about how those different types of business analytics could be used for each of the use
cases. (10 Marks)
2. An established private financial institution in India is planning to launch an IPO to raise
funds for expansion into other markets nationally and internationally where they have low
to nil market share. But potential investors are concerned about the rising cases of
fraudulent claims in the cross-border transactions and the companies’ inability to identify
fraud and minimize them. The firm consults and gives you the information they have about
the agents, hospitals, offices, employees, past claims, diseases, costs, customers, policies
etc., all are in different data systems currently. They don’t have historical data on identified
fraudulent claims.
How do you approach this problem holistically using both big data and business analytics
concepts? Explain the big data component for storage and processing, and analytics
component of approaching this use case and what would you do in each of them. Goal is
to help company identify and narrow down the fraudulent claims. And suggest other ways
in which they can use the data available with them and that in public domain to prove to
potential investors that the growth potential and the vision of the company is strong and
in right direction. (10 Marks)
3. Natural disasters such as earthquakes in Turkey and Syria and wildfires in Australia and
USA have been wreaking havoc. Assuming the Indian government is preparing for one
such situation concerning floods in north-eastern states of India, executives at largest
NGOs, who provide relief materials, medicines, relocation of affected people, decided that
the situation warrants the use of their newest data-driven solution, something that the
company calls predictive technology. A week ahead of the predicted floods, Mr Focus,
NGO’s head, pressed his staff to come up with forecasts based on what had happened
when floods struck the region in the recent past.
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Fundamentals of Big Data & Business Analytics
Internal Assignment Applicable for June 2023 Examination
a. Which type of analytics will be best suited to solve this problem and maximise the
effectiveness of the support provided by the NGO to the people and minimize the human
and economic losses? Explain the data needed to solve this problem. (5 Marks)
b. Explain the difference between BI and BA as to how can they help optimize supply chain
in this case? Illustrate the possible outcome achieved in each case (BI vs. BA) and how
they enable NGOs objectives. You can make certain assumptions but highlight them
clearly.

Additional information

Solution Type

Normal, Customize

Reviews

There are no reviews yet.


Be the first to review “NMIMS Fundamentals of Big Data & Business Analytic June 2023”

Beware of other fake website similar to our website name

X
Need Help? Chat with us