How do I track my progress in this subject?
\nOngoing feedback from the lecturer and your peers will occur throughout the subject. Students will
\nreceive formal and informal feedback throughout the course of the subject. Workshop and tutorial
\nquestions and quizzes provide students with feedback to indicate how their learning is progressing.
\nMore formal feedback will be provided with respect to the quizzes and assignment.
\n2.3 AccessAbility Services and Support
\nReasonable adjustments may be made to assist you to manage additional circumstances impacting on
\nyour studies provided these do not change the academic integrity of a degree. Reasonable adjustments
\ndo not alter the need to be able to demonstrate the inherent requirements of the course.
\nIf you believe you will experience challenges completing your degree or course because of a disability,
\nhealth condition or other reason, you should discuss your concerns with AccessAbility Services.
\n2.4 Assessment items
\nASSESSMENT TASK 1: CASE STUDY ANALYSIS (BUSINESS ANALYTICS)
\nAligned subject learning
\noutcomes
\n\u2022 Explain the importance of information as an organisational resource and to
\ndevelop an appreciation for issues in managing data\/information\/knowledge;
\n\u2022 Apply graphical and numerical tools for organising, analysing, interpreting, and
\npresenting data.
\nAligned professional
\nstandards\/ competencies
\nhttps:\/\/www.cpaaustralia.com.au\/cpa-program\/professional-accreditation guidelines\/section-3-professional-skills-competency-areas-and-learning-outcomes.
\nGroup or individual Individual
\nWeighting 20%
\nDue date Tuesday, 20\/06\/2023 11:59pm
\nASSESSMENT TASK 1: DESCRIPTION
\nThe aim of this assessment is to report on the analysis and evaluation of organisation\u2019s business data via a SWOT
\nanalysis, and recommend enhancements for business success.
\nInstructions
\nYou are the business analyst of your business. The management team has requested you to perform a business
\noverview to:
\n1. Identify, analyse and evaluate the use of business data and level of analytics applies within your business.
\n2. Conduct a SWOT analysis to summarise the strengths, weaknesses, opportunities, and threats (SWOT) in
\nregards to the use of business analytics in your business.
\n3. Base on your SWOT analysis provide recommendations on how your business can better use of business
\nanalytics to provide insights and create value for your business.
\nWrite a 1000 word report summarising your analysis, findings and recommendations to the management.
\nPage 8 of 28
\nSubmission
\nUpload your report (in word document of pdf) to the assessment task 1 dropbox on your LearnJCU subject
\nsite.
\nUseful Information
\n\u2022 Week 1 and week 2 learning materials
\nSWOT Reference
\nhttps:\/\/www.business.qld.gov.au\/starting-business\/planning\/market-customer-research\/swot-analysis\/example
\nhttps:\/\/www.thebalancesmb.com\/swot-example-strengths-weaknesses-opportunities-threats-2947985
\nReturn of assessment:
\nThe marked assessment and feedback will be available online through LearnJCU no later than 12 University
\nworking days after the due date.
\nASSESSMENT TASK 1 RUBRIC: See Appendix 1<\/p>\n
___________________________<\/p>\n
Strengths<\/p>\n
Your business has a strong data collection and storage infrastructure.
\nYour business has a team of experienced data analysts.
\nYour business has a culture of data-driven decision-making.<\/p>\n
Weaknesses<\/p>\n
Your business does not have a centralized data repository.
\nYour business does not have a comprehensive data analytics platform.
\nYour business does not have a clear strategy for using business analytics to improve performance.<\/p>\n
Opportunities<\/p>\n
The use of business analytics is becoming increasingly important in all industries.
\nThe availability of big data is creating new opportunities for businesses to gain insights into their customers and operations.
\nThe cost of data analytics tools and services is declining.<\/p>\n
Threats<\/p>\n
Your competitors may be using business analytics to gain a competitive advantage.
\nThe regulatory environment for data privacy and security is becoming more complex.
\nThe skills shortage in data analytics is making it difficult to find and retain qualified data analysts.<\/p>\n
Based on this SWOT analysis, I recommend that your business take the following steps to improve its use of business analytics:<\/p>\n
Create a centralized data repository. This will make it easier for your data analysts to access and analyze data from across your business.
\nInvest in a comprehensive data analytics platform. This will provide your data analysts with the tools they need to perform complex data analysis and visualization.
\nDevelop a clear strategy for using business analytics to improve performance. This strategy should identify the key areas where business analytics can be used to improve customer service, increase sales, reduce costs, and improve decision-making.<\/p>\n
By taking these steps, your business can improve its use of business analytics to gain a competitive advantage.<\/p>\n
In addition to the above, here are some other specific recommendations that you may want to consider:<\/p>\n
Train your employees on how to use data analytics tools and techniques. This will help them to understand how to use data to improve their work.
\nCreate a culture of data-driven decision-making. This will encourage employees to use data to make decisions, rather than relying on gut instinct or intuition.
\nRegularly review your data analytics strategy to ensure that it is still aligned with your business goals. As your business changes, so too will your needs for data analytics. By regularly reviewing your strategy, you can ensure that you are using business analytics to its full potential.<\/p>\n","protected":false},"excerpt":{"rendered":"
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