Professional Documents
Culture Documents
CRM department is required to evaluate their performance and analyse their problems in the
Organisation and they rate themselves on the scale of 1-10.
It has been a few years since GST was implemented and its benefits can be seen when a poor person
opinion that because of GST prices of various items essential for him have come down, and
commodities have become cheaper. Doing business has become so much easier. And most important
of all, the trust of customers for the traders is increasing. The GST has impacted the transport and
logistics sector; how the movement of trucks has increased. The time required to cover distances has
come down drastically. Highways have become clutter-free. Earlier, because of multiple tax
structures, maximum resources of the transport and logistics sector were expended in maintaining
paperwork, and that also led to the need for construction of new warehouses in each state. GST Good
and Simple Tax. GST has produced a significant positive effect on our economy in a very short span.
The speed at which the smooth transition has taken place, along with rapid migration and new
registrations, has instilled a new sense of confidence in the entire country.
d. Identify the potential challenges/ problems related to current research. (CO2/L3)
a) Outline some of the analytics solutions that you would like to suggest the librarian. (4
marks)
b) What are the challenges you would face while implementing this solution? (6 marks)
a.) There are various types of analytics used at different stages of the flow of data. The
some of the analytics solutions that I will suggest to Librarian includes – Descriptive
analytics, Predictive analytics and Prescriptive analytics. These analytics solutions are
interrelated with each other. With the help of these analytical tools, Librarian can
draw insights about students and faculty members and track the borrowing of all the
learners.
i. Descriptive analytics-
Doing anything without the permission from its owner is not right and is technically termed
as non ethical. As the online users clicks, search behavior and personal data gets captured and
monitored by the analytics companies without consent is unethical but with permission can
be said to be ethical since the user must be knowing that his data is being recorded and
studied.
These companies get data from people's usage and store it for analysis and then create
strategies to target each individual with their data. It is basically hindering privacy of a
person and this is an illegal practice which is termed to be unethical. Web surfing activities
of individuals are logged by these companies such as which sites the individual has visited,
what time they have spent on these sites, what kind of materials they have downloaded and
all their activities are tracked and recorded.
Suppose any person working in a company uses his/her office laptop for yahoo searches and
his searches are being tracked by the company. He has been threatened to get fired because of
the searches he did as his details of surfing behavior have been saved from server logs. This
is said be a hindrance to privacy and unethical behavior.
Suppose a person visits any e-commerce sites to purchase something. He each and every
click is recorded by the analytics team. They look for what are the preferences of the
customer, his buying behavior, what he is buying over a period of time, his choices, age
group etc. Even if the customer doesn’t buy anything, he is being shown no. of times
advertisement of things he has viewed on their sites in order to persuade customers to
purchase those products.
The company stores data for people to do analysis over the pattern of buying behavior and
also they see if their site is getting sufficient traffic or not.
Suppose a person has some medical issues for which his company pays reimbursement. Later
he gets an opportunity to travel far for some work, he will not be allowed by the company
since they have track of his data. This is called unethical behavior in an organization or a
business.
Data Understanding:
This process involves the collection of
relevant data from the ABC Limited like total number of customer base, customer request
transactions processing units, number of employees who attend to customer requests on a
daily basis and how much requests are being processed by the company on an average. By
collecting the data, Global Tech can gain more insight into what are the solutions it can
provide and how to move about with solving the crisis for ABC Limited.
Data Preparation:
The data collected is not reliable as it may be tampered or disoriented. So, the gathered data
must be organised, integrated and variables that might affect one another are standardised to
give overall solutions, cleaned of any errors or noise such as data non-correlation problems,
analysed, interpreted for information and knowledge discovery. It is further dealt with
Missing value Analysis, data imputation, Outliers Detection and Treatment. Finally the data
is passed into decision support systems for outcomes.
Modeling:
What kind of analysis to use to study the
processed data, assumptions regarding the model in a cost and time effective methodology
are selected. Interpretations and outcomes from the methodology and model is done from the
business point of view of ABC Limited and the telecommunication sector.
Computer Algorithms that improve automatically through experience and improve without
requiring an external program is called Machine learning. It is a subset of Artificial
Intelligence and requires initial data input for automated learning and outcome generation. In
the case of ABC Limited, once the data is structured, cleaned of noise, treating of missing
values can be fed into the Machine Learning Neuron. The system will assist in the following
ways:
There are visualization capabilities to understand the upcoming traffic.
The resources can be planned well in advance, anticipating the estimated traffic.
Wastage of resources can be prevented, that is resources can be allocated intelligently based
on the traffic forecast provided with the help of ML.
Data can be used to understand the request patterns that can be essential to expand the
business.
It can be used to understand the spam request patterns.
The customer requests can be segmented to different customer response teams instead of
dealing with them from a central system.
Existing Solutions to the Big Data Challenges 3.1. Potential Solutions for Data Volume
Challenge [1] 3.1.1. Hadoop Tools like Hadoop are great for managing massive volumes of
structured, semi-structured and unstructured data. Being a new technology and many
professionals are unfamiliar with Hadoop. To use this technology, lots of resources are
required to learn and this eventually diverts the attention from solving the main problem
towards learning Hadoop. 3.1.2. Visualization Another way to perform analyses and report
but sometimes granularity of data increases the problem of accessing the detail level needed.
3.1.3. Robust Hardware It is also a good way to handle volume problems. It enables
increased memory and powerful parallel processing to chew high volumes of data swiftly.
3.1.4. Grid Computing Grid computing is represented by a number of servers that are
interconnected by a high speed network; each of the servers plays one or many roles. The two
main benefits of Grid computing
are the high storage capability and the processing power, which translates to the data and
computational grids. 3.1.5. Spark Platforms like Spark use model plus in-memory
computing to create huge performance gains for high volume and diversified data. All these
approaches allow firms and organizations to explore huge data volumes and get business
insights from it. There are two possible ways to deal with volume problem. We can either
shrink the data or invest in good infrastructure to solve the problem of data volume and based
on our cost budget and requirements we can select technologies and methods described
above. If we have resources with expertise in Hadoop, we can always use it.
Potential Solutions for Data Variety Problem [2] 3.2.1. OLAP Tools (On-line Analytical
Processing Tools) Data processing can be done using OLAP tools and it establishes
connection between information and It eventually assembles data into a logical way in order
to access it easily and OLAP tools specialists can achieve high speed and low lagging time
for processing high volume data, OLAP tools process all the data provided to them no matter
they are relevant or not so, this is one of the drawbacks of OLAP tools. 3.2.2. Apache
Hadoop It is open source software and its main purpose is to manage huge amounts of data
in a very short span of time with great ease. The functionality of Hadoop is to divide data
among multiple systems infrastructure for processing it. A map of the content is created in
Hadoop so it can be easily accessed and found. 3.2.3. SAP HANA SAP HANA is an in-
memory data platform that is deployable as an on-premise appliance, or in the cloud. It is a
revolutionary platform that's best suited for performing real-time analytics, and developing
and deploying real-time applications. New DB and indexing architectures make sense of
disparate data sources swiftly. 3.2.4. Redundant physical infrastructure The flawless IT
infrastructure greatly enhances Big Data implementation after determining and setting all the
requirements against each of the following criteria: Performance: System performance
and cost are directly proportional, as the system performance increases the cost of
infrastructure also increases. Availability: To keep the system running 24 hours for all the
days, we need availability of expensive infrastructure.
Scalability: We need to take care of the storage capacity and the computing power to
enhance scalability. We can resolve the variety of problems using ETL tools, visualization
tools, and OLAP tools and by having the robust infrastructure. It is hard to say just one
among them could solely resolve the problem or more than one is needed or there could be
some algorithm which could synchronize the data varieties in a uniform format, it depends on
particular case or problem. We can’t have a generalized solution for all.
Community-sourcing does not exclude commercial interests, but changes the fundamental
dynamics of the library market, allowing vendors and libraries to forge new relationships
around the support of software and the extension of that intellectual property for the best
interests of the community. Open development of a metrics framework insulates libraries
from a destabilizing reliance on vendors for product development and support, while also
building a knowledge base that strengthens intra- and inter-institutional cooperation around
strategic problems. Open development can also spur competency-building within the library
community, encouraging the acquisition of statistical skills and creating professional
opportunities around data modeling, metadata design, and data governance, in addition to
statistical methods and presentation
(Point no 2) MetriDoc provides simple tools to extract useful information from various data
sources, transform, resolve and consolidate that data, and finally store them in a repository.
The repository is comprised of various storage mechanisms to make it easy to extract data for
reports and statistical processes. With this in mind, the Penn Libraries are designing
MetriDoc to meet the following requirements:
create a simple framework that handles the complexities of extracting, resolving and storing
data
provide hooks into the framework so non-enterprise programmers can use Metridoc with a
combination of scripting languages, XML and project schemas
create reusable solutions specific to the library space, such as extracting data from popular
ILS systems, handling COUNTER data, resolving EZproxy logs, etc.
follow best practices when storing and curating data in the repository to enable the widest
possible distribution of decision-support information so that data analysis can become a
routine and continuous facet of organizational administration and culture.
B.
The unique identifying number should contain other details, including a rack number that will
assist in finding the book physically. But if someone takes the book from one rack manually
and places it in another rack without knowledge, the books location cannot be detected by the
system. The librarian will then have to manually search for the same book.
More than one edition of the same item in the library the Unique Number must be different
and they should be able to track which book was borrowed by which person accordingly.
Librarian who Primarily responsible for books, book objects, and users being introduced and
updated. Manual operations should also be made available to the librarian in case of any
system crash.
The machine should be able to collect information from a single library member, such as who
took a particular book or what books are checked-out.
After the due date, the system should be allowed to recover fines on books returned. It should
be possible for members to reserve books which are not actually eligible. Whenever the
reserved books become available, and when the book is not returned within the due date, the
device should be able to submit reminders.
There will be a special barcode in each book and member pass. The machine would be able to
read barcodes from library cards for books and members.
OLAP and OLTP data analysis can be done only if the entire system is in a RDBMS format,
the manual entry has to stop and every transaction(In this case borrowing, renewing, etc) has
to be computerised.
Additional Problems faced is the Library management system
Deriving meaning
File formats
Classification/
Taxonomy
Interpretation
Tags
Indexing
But these can be overcome by some measures like Tags
Text mining
Application
platforms
Classification
taxonomy
Naming conventions
Introduction:
The case portrays the protagonist Diana, setting out to
buy herself a suit for the interview she is about to take up in the coming days. She first surfs
online to get an idea of dresses for interviews and then decides to go to a retail store in order
to check the dress for herself to be in the right fit and the fabric she expects. She is said to
have taken her highly fashion quotient friend Veneela, along with her for shopping. Diana
visits a mall nearby on remembering an Ad from the Times of India Newspaper and tries out
3 of the clothes her friend and she along with the suggestions of the salesperson had given.
She buys one of the 3 dresses after trial and along the way to the billing is manipulated to buy
a scarf by the salesperson that she is least aware of.
From the above case, Analyze the stages in the consumer buying process.
Identify the Need:
Any purchase process begins predominantly with
identifying the need for the buying. In this context, Diana tries on her 3 year old coat and
finds it worn out and not fashionable. She identifies the need to buy a suit for herself so that
she is adorable and presentable to her interview for the banking job she has been called for.
She is convinced that a good attire will make the first impression right for her.
Search for Information and Evaluation of Alternatives:
After identifying the need to buy, Diana begins to
search for information on where she can get a perfect suit for her interview. She first surfs
online in order to get an idea about what are the best suits to be worn for an impressionable
interview. She later decides to go to The Central Mall nearby on remembering an ad about
women’s suits from the Show offs in the Times of India Newspaper, so that she can buy a
dress at the right fit and the most preferred fabric she wants.
Point of Incidence:
The purchase place where Diana and her friend come into contact with the products, they
have been gathering information about is termed as the “Point of Incidence.” The customers
usually try out the products for better insight about them and also are influenced by
salesperson and comments from other customers into buying something that they never
would have intended to, like Diana was manipulated into buying the second dress she tried
out among the 3 and a scarf for her suit, based on compliments from her friend, the
salesperson and another passerby.
Purchase Decision and Purchase:
If the product (in this case the suit) is satisfactory for
the price, the customer (Diana) decides to purchase the product keeping in mind the outcomes
from all the other alternatives they had seen before coming to this particular point of
incidence. If this seemed to be of best interest and value for money, the product is bought and
the transactional side of the purchase is complete.
Post-Purchase Experience:
It is very natural for Diana to expect a service like dry
cleaning from the shop after the purchase she had made from them. The purchase cycle is
complete only after feedback and post purchase services. This is very important in customer
retention strategies. Also, if Diana made the right impression in her interview, she would
definitely recommend the shop and the suit to her friends. If she found the fabric had some
defects, she would register a negative feedback about the same and would expect money back
from the store.
Analyzing the marketing environment for the cosmetic products industry or skincare industry
in India.
The cosmetics industry in India is worth Rs. 1197.495 crores, but the market for skincare
products is at a nascent stage. The business is expanding at very high growth rates and it
includes increasing progress in technology, awareness amongst consumers and price,
promotion concepts too. With the adoption of high lifestyles, availability of a greater number
of choices in the market, and an increase in incomes the general population and many social
media platforms where there can now follow their favorite celebrities and idols more closely
and are taking an interest in personal grooming. Therefore, the cosmetic market is booming.
SWOT ANALYSIS MARKETING helps us to learn the industry’s internal and external
factors.
Strengths:
Opportunities:
Having a product with many variations that can be for any segment of customers.
Threats:
TAX POLICY: the companies have to pay a tax rate of 30%, which is the highest amongst all
the corporate tax rate. This leads to a reduction in the profits of the company.
TRADE RESTRICTIONS& TARIFFS: the companies have to pay charges for crossing the
state borders for the delivery of the finished products and purchase of raw materials
ECONOMIC FACTORS
INFLATION RATE: the inflationary period is affecting the companies as the raw materials,
equipment, etc. has been purchased at a higher price.
INTEREST RATES: the company has to pay a tax of 60 lakhs per year as tax and the rate of
interest on the corporate loan is 12%.
SOCIAL FACTORS
Demographic and cultural aspects form a part of the social factors.
ENVIRONMENT NORMS: following the environmental norms in mind, the company has
converted 30% of its land into a green area and also used eco-friendly paper for the purpose
of packaging.
TECHNOLOGICAL FACTORS
Technological factors include ecological and environmental aspects.
RESEARCH AND DEVELOPMENT: the company will have to spend a lot on the research
and development of the product to be chemical-free and have a competitive advantage in the
market. Thus, the company will have to continue investing in R&D activities to keep a firm
hold in the market.
However, the penetration of markets in urban and rural is relatively low.
The Main Reason being that People’s home-made and traditional products are still preferred
by people to cure skin ailments in India.
The other reasons being
1) culture; 2) language; 3) religion; 4) level of education, 5) customer preferences, and
6) the attitude of the society towards foreign goods and services.
Indian railways was facing a huge problem of funding which they were not able to get from
FDI. The main problem was that FDI did not allow to build infrastructure and safety features.
But in August 2018, cabinet cleared FDI provision in the Indian Railways and key areas were
notified to the general public. The main target of Indian Railways will be to build Bio-toilets
in passenger trains, automated laundry system at every stations, appropriate fooding facility.
After the funding from FDI, Tejas Express was managed to run by Private entity using Indian
Railways Infrastructure. Thus, Indian Indian Railways is gearing up for the government’s
route to remodelling of trains and railway station through a “first-of-its-kind” public-private
partnership (PPP).
Pinacle, Inc., an organization that markets painless hypodermic needles to hospitals, would
like to decrease its inventory cost by determining the optimal number of hypodermic needles
to obtain per order. The annual demand is 1,000 units; the setup or ordering cost is $10 per
order; and the holding cost per unit per year is $.50. Additionally, Pinacle, Inc. has a 250-day
working year.
a. Determine the Optimal Order Size (3 marks)
b. Determine the number of orders and the expected time between orders. (3 marks)
(CO3/ RBT L4)
c. Determine the combined annual ordering and holding costs (4 marks)