Description
just need to finish the part 1 in introduction.
Industry Analysis
Overview and Rationale
As you complete this course and begin your program it is important to have a clear idea of the industry you want to work in and the role you want to prepare for. You have already done some initial research on a role within data analytics. In this assignment, you will research an industry to learn how big data analytics has changed the industry and what place you would like to play, as a data scientist, in the industry.
Course Outcomes
This assignment is directly linked to the following key learning outcomes from the course syllabus:
- Articulate the value data analytics provides to a business’ goals and strategies based with respect to the business’ industry.
- Verbalize ethical issues in the field of data analytics with respect to the ethical use of data; the tradeoffs between privacy and utility; and regulation and innovation.
Assignment Summary
There are two parts to this assignment. In Part 1 you will research and write about the impact Big Data analytics has had on a specific industry. In Part 2, you will present your findings in a presentation to classmates. If this is an online course, you will record yourself making the presentation and post it to the Industry Analysis discussion board.
Begin by selecting one of the industries discussed in this course (i.e., medical, energy, insurance, criminal justice, transportation, etc.) or an industry have an interest in. You are to research the scale, effects, impacts, and disruptions that Big Data analytics have had on the industry.
Part 1
Write a paper that demonstrates an understanding of the concepts presented in this course by discussing how a specific industry has been effected by big data analytics and the role you are interested in playing within the industry.
Begin by presenting your findings about this industry and answer the following questions:
- How has data analytics evolved specifically in the industry?
- Are there any ways in which big data has disrupted the industry?
- How do you see analytics changing the industry in the future?
Then provide insights into data analytics within the industry by answering the following questions:
- What are the organizational roles associated with data analytics? Are there any that are unique to the industry?
- What is the current demand for data analytics talent in the industry?
Finally, if you are interested in working within the industry, discuss:
- What makes it your ideal career? What specific role would you like to play? Is there a position you aspire to? Why?
- If this is not an industry you wish to work, explain why. Include a discussion of why the available roles do not interest you.
- Excel charts (pie chart, bar chart, histogram, etc.)
- PowerPoint slides
- Infographics
- Prezi Presentation
Part 1 Submission Requirements
You will submit a 4-6 page paper that is supported by a minimum of 4 scholarly references. Properly cite all sources you decide to use for your analysis using APA citation rules.
Part 2
Display your findings in a visually appealing and data rich presentation to your classmate. You may choose a preferred presentation method such as:
Additional tools for data visualization can be found in The 38 best APA for data visualization article at Creative Bloq.
Submission Requirements
You will submit a presentation that is supported by a minimum of 4 scholarly references. Properly cite all sources you decide to use for your analysis using APA citation rules.
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Explanation & Answer
Attached.
Running head: INDUSTRY ANALYSIS
1
Industry Analysis
Students Name
Institution Affiliation
Instructor
Date
INDUSTRY ANALYSIS
2
Data Analysis in the Medical Industry
Big data, which is the vast quantity of information, has significantly changed how data is
managed, analyzed and leveraged in any industry. One of the areas where it can be used to
impact change is in the healthcare industry by improving the quality of healthcare. Primarily,
data analytics is transforming the medical industry to another level from computerizing the
medical records to the discovery of drugs and exploration of genetic diseases. Therefore when
applied to the medical industry, detailed health data is used to prevent epidemics, reduce the
costs and also cure diseases.
Data Evolving in the Medical Industry
According to international data corporation, the healthcare industry has gone through a
significant transformation due to the evolution of data analytics. Typically, health professionals
have been introduced to the new era of advanced analytics. It is evident that healthcare analytics
are focused on the industry’s most significant achievements in the past decade (Raghupathi &
Raghupathi, 2015). Initially, when big data was evolving, it was defined by the terms volume
velocity and variety; hence it constitutes of tremendous amounts of data in varying file formats.
However, for the big data to be essential, the organizations should be in a position to utilize it
quickly. Relatively, this leads to education on the introduction of healthcare analytics. Similarly,
there have also been programs like clinical documentation improvement programs, which have
to lead to a significant role in the welcoming of the new technology.
Ways In Which Big Data Has Disrupted The Medical Industry
Big data has significantly disrupted the medical industry in various ways. For instance,
according to a global technology research firm, the use of devices like electronic...