Analytics in Action I

Module overview

Companies nowadays have collected a large volume of data from various sources. This module aims to introduce the key concepts of using ‘Big Data’ to support organisations in making decision. The module will start by defining the concept of data analytics. We will then focuses on the use of predictive (e.g. regression and classification) and descriptive (e.g. clustering, association and sequence rules) techniques. The module will illustrate how data analytics can be successfully used to develop different application areas such as marketing, retail credit risk, healthcare, fraud detection, etc. The theoretical concepts will be illustrated using real-life application cases and world-class commercial software.

Linked modules

Prerequisites: MANG1019 or MANG1007

Aims and Objectives

Learning Outcomes

Transferable and Generic Skills

Having successfully completed this module you will be able to:

communicate effectively.
produce an integrated written report at an appropriate intellectual and practical level;
plan and control effectively for successful completion of a personal workload;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

plan the resources needed to evaluate and analyse data, critically apply findings, and disseminate the outcomes;
explain and evaluate concepts and tools needed to evaluate, analyse, and interpret large volume of data in different industries;
interpret the output of statistical techniques used for the main data analytics applications.

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

the use of advanced analytics methods on large volume of data to derive actionable insights in different industries.

Learning and Teaching

Teaching and learning methods

Teaching methods include: The basic principle of the teaching and learning strategy for this module is to encourage you to actively engage in the subject matter through guided self-discovery of the material which will include: Reading; lecture slides; practical classes/computer lab sessions; exercises; discussion and debate. As with all programmes in the Faculty, student learning will also be supported by published course materials and the University's virtual learning environment (VLE).

Study time
Type	Hours
Independent Study	116
Teaching	34
Total study time	150

Resources & Reading list

Textbooks

Provost, F. and Fawcett, T. (2013). Data science for business. O’Reilly.

Witten, I.H., Frank, E., Hall, M. and Pal, C.J. (2016). Data mining: practical machine learning tools and techniques (4th Ed). Morgan Kaufmann..

Baesens, B. (2014). Analytics in a big data world. Wiley.

Assessment

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

Class participation

Assessment Type: Formative
Feedback: There will be exercises and computer laboratories/class sessions for this module. The lecturer will provide verbal feedback during all sessions as well as during office hours.
Final Assessment: No
Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Breakdown
Method	Percentage contribution
Project	100%

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Breakdown
Method	Percentage contribution
Project	100%

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Breakdown
Method	Percentage contribution
Project	100%

Repeat Information

Repeat type: Internal & External