Fundamentals of Big Data & Business Analytics
April 2022 Examination
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Fundamentals of Big Data & Business Analytics
Internal Assignment Applicable for April 2022 Examination
1. On the path towards industrial and social progress Tata Power-DDL has always been a front runner in introducing reformative solutions such as Smart Grid Operations, Automatic Meter Reading, etc. to the power segment in North & North-West Delhi. Among other challenges, revenue leakage and power theft were causing a roadblock in Tata Power-DDL’s goal to optimize the power supply for consumers at reduced tariffs.
By digitalizing the power distribution systems, Tata Power – DDL opened the doorway to a vast amount of information that was heterogenous and unstructured. With an aim to enhance decision-making and optimize entire utility ecosystem, Tata Power-DDL’s outlook was to employ advanced digital technology like Big Data analytics.
Tata Power-DDL partnered with Hitachi Systems Micro Clinic to leverage their IT X OT expertise for social enhancement. Collaborating with Tata Power-DDL, Hitachi designed a holistic blueprint for the implementation of end-to-end advanced data analysis solutions; deploying world-class technologies to streamline data ingestion from diverse platforms, systematize scheduling of data and execute data engineering on big data along with swift advanced analytics.
By creating an advanced and reliable system architecture for big data analytics using IT X OT, Hitachi provided Tata Power-DDL with an operational advantage by focusing on:
IT integration objectives
Solution modifications
Speedy execution by using efficient operation technology and result optimization
Power Operation Technology
Thus, improving operational efficiency and accelerating the delivery of true value to the society by curbing power losses and reducing tariffs for consumers.
a. In this case, how Big data analytics will enable prevention of revenue leakage in power sector. Which tools can be leveraged for data ingestion, scheduling as well as final
b. How is distributed computing different from parallel computing? Use this context to explain the difference.
c. Which analytics methodologies can be used to analyse the business problems mentioned in the case? Which business metrics will be useful to track the possible fallacy in meter reading? (10 Marks)
2. State 3 use-cases of business analytics within the banking industry, highlighting usage of descriptive, predictive, and prescriptive analytics. Give an example of how mobile analytics is relevant for the industry and the resultant impact vs. the traditional banking systems. (10 Marks)
3.a. Explain how prescriptive analytics has increasingly been adopted along with big data in the companies. You can also mention the relevant stakeholders in the business who are needed to make this a success. (5 Marks)
3.b. Mention 2 business examples of prescriptive analytics which are fueled by the Big data and Mobile Analytics revolution with the necessary context and methodology. (5 Marks)
Complete Solved Assignment is available here
NMIMS Complete Solved Assignments
Available for the session April 2022
The deadline is March 25th, 2022
With our affordable and reliable service, we are here to help
Contact No – 8791514139 (WhatsApp)
OR
Mail us- [email protected]
Our website – www.assignmentsupport.in