IBM Project Presentation

on
“The Business Value of the
Data Platform”

By

Group ID: G23

Team Members Name & Enrollment No:

Deep Shah - 18162101006
Ajmeri Azhar - 18162121001
Jyotn Joshi - 18162171008

Institute of Computer Technology, Ganpat University

Date: December 27, 2021

 Table of Contents
● Problem Statement
➔ Scope
➔ Goals/ Objectives
● Background
● Feasibility Study
● Recommended Approach
● Recommended Tools & Technology
● Doubts/ Query
 Problem Statement
The Business Value of the Data Platform
● Scope
○ Increase Conversions and revenue
○ Improve Customer Experience
○ Optimize sales leads
○ Manage Risks
○ Measure ROI[Return of Investment] on data

● Goals/ Objective
○ Increase net sales by forecasting demand and stocking high-
demand articles beforehand.
○ Decrease time to delivery and thus increase customer
satisfaction.
○ Increase operational efficiency by automating processes.
Background
● Data Platform is a technology that allows data to be
collected, transformed, unified, and be delivered to users,
applications.
● Also can be used for other business intelligence purposes
like running recommendation engines.
● In more formal terms, it enables data access, governance,
delivery, and security.
 Feasibility Study
● Technical Feasibility
○ As the market is relying on data and automation,
therefore Technical research will have a higher priority.
● Market Feasibility
○ As IT and Software markets are on boom we can target
consumers who want to change from traditional to
Automation and grow their Business.
● Overall Risk assessment
○ Security Threats and Bug Fixing.
 Recommended Approach
1. Understanding and identifying the business vision
● The first step is to understand what problem the business needs to
solve..

1. Gather necessary data and develop insights

● Once the business data are clear, next categorize business value
buckets, such as revenue gains, cost savings, and customer
satisfaction, and identify which data points would affect these
buckets.

1. Articulate business value for stakeholders

● The last step is presenting the business value. A key aspect in
articulating business value is understanding what is valuable for the
business upgrowth.
 Tools & Technology
● Frontend
○ Django
○ HTML
○ CSS
● Backend
○ Data Analytics
○ Machine Learning Models
○ Cloud Services
 Doubt/ Query
● Which dataset would be more suitable in following
scenario?
● Do we have to work on frontend structure or Data Analytics
part only?
● How can we merge different datasets and who should be
our data sources?
● Do we need to follow all the steps used in data platform?
 References
● https://www.explorium.ai/blog/the-business-value-and-be
nefits-of-an-external-data-platform/

● https://www.record-evolution.de/en/how-to-evaluate-data
-platforms-for-your-organization/

● https://aws.amazon.com/blogs/enterprise-strategy/unlocki
ng-the-business-value-of-machine-learning-with-organizati
onal-learning/
Thank You !!