Capstone Practicum in Business Analytics
General
- Undergraduate; 4th year, 3rd year, Capstone, Senior, Junior
- 4 learners; individual projects
- 15 hours per learner
- Dates set by experience
- Learners self-assign
Preferred companies
- 1/2 project matches
- Anywhere
- Academic experience
- Any
- Any industries
Categories
Skills
Project timeline
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February 4, 2022Experience start
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April 22, 2022Experience end
Overview
- Details
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The students will work on a collaborative group or individual project that enables them to:
1. Gain an understanding of all aspects of a live business problem and the experience of formulating it into a problem that can be addressed using analytical approaches.
2. Acquire hands-on familiarity with applying the basic techniques of data extraction, transformation, and preparation, as applied to big data in the context of a live business problem.
3. Acquire experience choosing and using analytical and visualization techniques and appropriate software to solve a live business problem.
4. Communicate using visualization tools the business problem that is being addressed through the data mining technique, its results, and its implications, including any ethical implications.
5. Acquire a strong understanding of data strategy and governance in a company and how it is communicated and implemented through the organization structure.
- Learner skills
- Business analytics, Business consulting, Business strategy, Market analyis, Data analysis
- Deliverables
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Benefit from authentic collaboration with students to breathe new life into your organization.
Final deliverables may include, but are not limited to:
- Requirements Analysis
- Market Research
- Business process and operations analytics
- Optimization of operations
- Governance Structure
- Pricing Analytics
- Demand forecasts
- Market Forecasts
- Development of dashboards and predictive models
- A final presentation
- An executive summary
- A report of recommendations
- Project Charter
- What can your company do in terms of the next steps and plans?
Project Examples
Beginning in the fall of 2021, student consultants will work with your organization to identify and formulate a business problem that can be addressed using the analytical approaches that have been covered in this degree program.
Potential topics, activities, and research projects may include:
- Organizing and leading an analysis project, including defining business objectives, scope, and metrics, aligning stakeholders, securing data, and other resources.
- Writing and winning approval for a project charter.
- Applying the basic techniques of data extraction, transformation, and preparation, as applied to large data sets in the context of a live business problem.
- Choosing and using analytical and visualization techniques and appropriate software in the solution of a live business problem.
- Communicating clearly using visualization tools to a business audience the business problem addressed through the data analytics technique, its results, and the implications of these results for your organization's different functions, including any ethical implications.
- Situating your project within a larger business context, data strategy, and governance process for the organization.
- Recommending plans and implementation that will benefit the organization.
- Articulating a business problem or challenge and translating it to an analytical framework.
- Managing and utilizing big data: sources, methods, challenges, and opportunities.
- Implement popular techniques (using appropriate software) to analyze structured and unstructured data and draw useful business inferences.
- Understanding the capabilities and limitations of analytical techniques and select the most appropriate technique for the business problem at hand.
- Applying analytical techniques to a live business situation and craft practical recommendations.
- Presenting analytical results that are clear, useful, visual, and appropriately framed for the problem.
- Understanding and communicating the business implications of their analysis to interested stakeholders and decision-makers.
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Be available for a phone call with the instructor to initiate your relationship and confirm that your project scope is appropriate for the course.
Provide a contact person who will be available to respond to periodic emails or phone calls throughout the project to answer students' questions.