Analyse the role of databases to media streaming businesses ensuring you discuss the impact and role that data warehouses play in the gathering of data
Assignment Title: The role of data in Business Intelligence
Description of the assignment:
Today, data is being used more and more by businesses to gain a strategic advantage against their competitors. One area that has seen a seismic shift in how it is used, is the media services industry with organisations like Netflix coming in and disrupting the industry with its technologically innovative approach. Using businesses from this industry as examples, demonstrate the impact and influence data can have on the business. You will need to cover the following
- Analyse the role of databases to media streaming businesses ensuring you discuss the impact and role that data warehouses play in the gathering of data
- Using example businesses from the industry (e.g. Netflix, Amazon Prime), discuss what sort of data is tracked and recorded and how it is used to gain strategic advantage
- Discuss what data mining is and the use of analytics within the data streaming industry using examples ensuring that you define, analyse and evaluate the use of descriptive, predictive and prescriptive analytics.
- Evaluate the role that data will play going forward ensuring you cover some of the issues associated with the collection, storage and use of consumer data.
e.g.
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Weighting
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Structure and format
Presented in a standard report structure with a title page (with module name and id and student id. No names to be recorded due to anonymous marking), table of contents (and figures if appropriate), numbered headings, footer with page numbers, 1.5 line spacing, academic writing style. Abides by the 2000 +/- 10% word count.
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10
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Harvard Referencing
Follows Harvard style for in-text citation & Reference List. Use a minimum of 15 different reliable and academically robust sources. Good business application and integration of literature.
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10
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Content and findings
Analyse the role of databases to media streaming businesses ensuring you discuss the impact and role that data warehouses play in the gathering of data
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20
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Business Application
Using example businesses from the industry (e.g. Netflix, Amazon Prime), discuss what sort of data is tracked and recorded and how it is used to gain strategic advantage
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25
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Analysis
Discuss what data mining is and the use of analytics within the data streaming industry using examples ensuring that you define, analyse and evaluate the use of descriptive, predictive and prescriptive analytics.
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25
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Evaluation
Evaluate the role that data will play going forward ensuring you cover some of the issues associated with the collection, storage and use of consumer data.
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10
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Total
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100
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