Determining what insights industry wants and sourcing data

Reference no: EM133682473

Activity

Your Task

Task 1: All students present in-class (to a partner) their plan for the below steps of the final project:
Determining what insights industry wants and sourcing data
Data processing and management
Data analytics techniques used

Task 2: Students write a feedback report for their partner

Task 3: Students read the feedback from their partner and complete a short survey on how useful it was

Activity Description

This activity will enable students to provide actionable and constructive feedback to clarify their partner's project, data and methodology.

Activity Instructions

Task 1: Presentations

Each student will present for 8-10 minutes outlining their plan to their partner for the below parts of their research project:
Determining what insights industry wants and sourcing data
What industry are you looking at? What business question do you want to answer? Is the project feasible given the amount of time you have (12 weeks). Provide some feedback.

Where will you source your data? How do you anticipate that the data will help answer your business question?

Is the data able to be analysed? (or are you going down the rabbit hole?)

Data processing and management
How will you store and manage the data?
How much cleaning and filtering do you anticipate the data will require?

Will the data sources require some effort to integrate?

Data analytics techniques used
What techniques will you apply to the data? Have the techniques been used successfully on other data previously?

How will these techniques provide insights to address the business problem?
What software will enable you to easily apply the analytics and visualize the data?

Task 2: Feedback Report

Students will individually write a brief feedback report (can be dot points as long as you use appropriate headings) for their partner based on the below points and send it to their partne. Please be respectful in your feedback and address the below.

Summary Section (100 words) **
A brief introduction to what questions the student is addressing, their proposed data set and methodology

Constructive Feedback (400 words) ** Provide one positive and one constructive piece of feedback about:
The student's business question and explanation of the industry
Their data source. Refer to lecture 3 for potential pitfalls and suggest where the student may face problems.
The methodology the student plans to use. Suggest alternatives if relevant and identify any issues they may face given their data and business question.
Recommendations (250 words)
Provide a holistic recommendation regarding the next steps that the student could take. For example, more data sources, looking at different methodologies, going back to the subject material from previous subjects etc.

Activity 3: Survey

Provide a one-paragraph response to each of the following and send it to your lecturer via email.

How well did your partner understand the direction of their project?

How useful was the feedback for framing your business question, finding data and selecting a methodology?

How constructive and respectful was the feedback?

Did the feedback provide you with any new ideas?

Did the feedback help you feel more confident about taking the next steps?

Note: this activity is performed after your in-class presentation to your partner.

Reference no: EM133682473

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