Solved assignments NMIMS Dec 2022 - Explain the difference between BI and BA as to how can they help optimize supply cha

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Fundamentals of Big Data & Business Analytics

1. There are different types of business analytics procedures that can be performed based on the problem statement. Assume you’re working for a private commercial bank in India. Provide 3 different use cases that can be used at your organization where you could take advantage of the different types of business analytics procedures and create or add value to the organization you work for. Mention briefly about how those different types of business analytics could be used for each of the use cases. (10 Marks)

2. An established health insurance company 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 health insurance industry and the companies’ inability to identify fraud and reduce the amount pay-outs. 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.

• 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. WHO (World Health Organization) has declared monkey pox as a new health emergency, which is wreaking havoc in many countries. Assuming the Indian government is preparing for another covid lockdown like situation, executives at D-Mart Stores decided that the situation offered a great opportunity for one of their newest data-driven weapons, something that the company calls predictive technology. A week ahead of the lockdown announcement, Mr Damani, D-Mart’s head, pressed his staff to come up with forecasts based on what had happened when covid struck in 2020.

a. Which type of analytics will be best suited to solve this problem and which technique will you apply in this case? 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 business objectives. You can make certain assumptions but highlight them clearly. (5 Marks)


For Nmims Dec 2022 answersheets contact
[email protected]
+91 95030-94040

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