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business report:evaluate the implication of big data

Background
Mike Smith has recently been appointed as the new Chief Executive Officer (CEO)
of an Australian private electric utility company
that operates in New South Wales. The core of the business involves electricity
generation and retailing. Electricity is mainly coalgenerated, but there have been
discussions to expand its scope by including wind and solar. The previous CEO of
the company, Ana
Taylor, recently left the company so the Board of Directors had to appoint a new
CEO. The members of the Board are aware of current
and future technological changes in the electric utility industry and current trends in
Information and Communications Technology
(ICT) so they believe that the new CEO should be willing to innovate if necessary.
Regarding current trends in ICT, for example, the
company has barely embraced big data within its operations (they do not use big
data to guide the innovation of products or services
for instance). Before Ana left, there were discussions about business expansion so
one of the concerns of the members of the Board
under that scenario is whether existing IT infrastructure would be good enough to
meet future requirements.
Mike Smith was hired by the Board because of his managerial skills, but does not
have much knowledge about current trends in ICT.
Due to this fact, Mike decided to hire you as a consultant to provide him with
advice. Mike has heard about the importance of ‘big
data’ for businesses these days, but he does not know much about it. You are
commissioned to write a business report about the
current and future state of big data.
Required:
1. Read the following article: Kitner, K. R. and De Wet, T. (2015), “Big city, big
data”, Interactions, Vol. 22 No. 4, pp. 70-73
(available from the library – electronic version).
2. Watch the following video from Communications of the ACM on “Exascale
Computing and Big Data”:

3. Write a business report that will evaluate the implications of big data. The report
should include:
a) An analysis of the benefits and limitations of big data for individuals (analyse 2
benefits and 2 limitations).
b) An analysis of the benefits and limitations of big data for companies (analyse 2
benefits and 2 limitations).
c) An analysis of the benefits and limitations of big data for governments (analyse 2
benefits and 2 limitations).
d) A reflection on the effects that big data has/might have for companies that belong
to a particular industry
sector. There are 19 divisions or industry sectors identified in the Australian and
New Zealand Standard
Industrial Classification 2006 (ANZSIC) Industry Classification. Please choose one
division (excluding
“Information Media and Telecommunications” and “Other Services”) from the
ANZSIC
(http://www.ausstats.abs.gov.au/ausstats/subscriber.nsf/
0/5718D13F2E345B57CA257B9500176C8F/$File/129
20_2006.pdf).
? Please note that educational resources to assist with reflective writing can be
found at the following
websites:
i. http://www.port.ac.uk/media/contacts-and-departments/student-supportservices/
ask/downloads/Reflective-writing—a-basic-introduction.pdf
ii. http://www.humanities.manchester.ac.uk/studyskills/essentials/
reflective_learning/reflective_wr
iting.html
e) Three recommendations as to how companies should prepare for big data
(companies that have not embraced
big data yet). You need to provide valid and realistic options and justify your
recommendations
Instructions for the Business Report:
1. The report should be between 2000 to 2500 words (excluding reference list, table
of contents, figures, tables, and appendix)
and 12 point Font. The report should be written using a word processing software
such as Microsoft Word. The report
should have appropriate headings and subheadings and include an Introduction and
Conclusion. Even though it is important
to include an Executive Summary in all business reports, students are not required to
do so in this report.
2. The report must include at least 10 references out of which at least 5 of them must
be peer-reviewed journal articles. Please
follow the Harvard referencing style (see: http://libguides.mq.edu.au/Referencing).
3. Review the resources on iLearn for report writing skills including an appropriate
format and plagiarism (some educational
resources has been posted under ‘Assessment Information’).
4. Review the marking rubric so that you understand how you will receive feedback.
This is how we will mark you , read the table above carefully ,if you do not follow
these points you will fail the course because this assignment worth 60% of your total

Sample Answer

Compelling correspondence is essential to the achievement all things considered but since of the changing idea of the present working environments, successful correspondence turns out to be more troublesome, and because of the numerous impediments that will permit beneficiaries to acknowledge the plan of the sender It is restricted. Misguided judgments.In spite of the fact that correspondence inside the association is rarely completely open, numerous straightforward arrangements can be executed to advance the effect of these hindrances.

Concerning specific contextual analysis, two significant correspondence standards, correspondence channel determination and commotion are self-evident. This course presents the standards of correspondence, the act of general correspondence, and different speculations to all the more likely comprehend the correspondence exchanges experienced in regular daily existence. The standards and practices that you learn in this course give the premise to additionally learning and correspondence.

This course starts with an outline of the correspondence cycle, the method of reasoning and hypothesis. In resulting modules of the course, we will look at explicit use of relational connections in close to home and expert life. These incorporate relational correspondence, bunch correspondence and dynamic, authoritative correspondence in the work environment or relational correspondence. Rule of Business Communication In request to make correspondence viable, it is important to follow a few rules and standards. Seven of them are fundamental and applicable, and these are clear, finished, brief, obliging, right, thought to be, concrete. These standards are frequently called 7C for business correspondence. The subtleties of these correspondence standards are examined underneath: Politeness Principle: When conveying, we should build up a cordial relationship with every individual who sends data to us.

To be inviting and polite is indistinguishable, and politeness requires an insightful and amicable activity against others. Axioms are notable that gracious “pay of graciousness is the main thing to win everything”. Correspondence staff ought to consistently remember this. The accompanying standards may assist with improving courtesy:Preliminary considering correspondence with family All glad families have the mystery of progress. This achievement originates from a strong establishment of closeness and closeness. Indeed, through private correspondence these cozy family connections become all the more intently. Correspondence is the foundation of different affiliations, building solid partners of obedient devotion, improving family way of life, and assisting with accomplishing satisfaction (Gosche, p. 1). In any case, so as to keep up an amicable relationship, a few families experienced tumultuous encounters. Correspondence in the family is an intricate and alluring marvel. Correspondence between families isn’t restricted to single messages between families or verbal correspondence.

It is a unique cycle that oversees force, closeness and limits, cohesiveness and flexibility of route frameworks, and makes pictures, topics, stories, ceremonies, rules, jobs, making implications, making a feeling of family life An intelligent cycle that makes a model. This model has passed ages. Notwithstanding the view as a family and family automatic framework, one of the greatest exploration establishments in between family correspondence centers around a family correspondence model. Family correspondence model (FCP) hypothesis clarifies why families impart in their own specific manner dependent on one another ‘s psychological direction. Early FCP research established in media research is keen on how families handle broad communications data. Family correspondence was perceived as an exceptional scholastic exploration field by the National Communications Association in 1989. Family correspondence researchers were at first impacted by family research, social brain science, and relational hypothesis, before long built up the hypothesis and began research in a family framework zeroed in on a significant job. Until 2001, the primary issue of the Family Communication Research Journal, Family Communication Magazine, was given. Family correspondence is more than the field of correspondence analysts in the family. Examination on family correspondence is normally done by individuals in brain science, humanism, and family research, to give some examples models. However, as the popular family correspondence researcher Leslie Baxter stated, it is the focal point of this intelligent semantic creation measure making the grant of family correspondence special. In the field of in-home correspondence, correspondence is normally not founded on autonomous messages from one sender to one beneficiary, yet dependent on the dynamic interdependency of data shared among families It is conceptualized. The focal point of this methodology is on the shared trait of semantic development inside family frameworks. As such, producing doesn’t happen in vacuum, however it happens in a wide scope of ages and social exchange.

Standards are rules end up being followed when performing work to agree to a given objective. Hierarchical achievement relies significantly upon compelling correspondence. So as to successfully impart, it is important to follow a few standards and rules. Coming up next are rules to guarantee powerful correspondence: clearness: lucidity of data is a significant guideline of correspondence. For beneficiaries to know the message plainly, the messages ought to be sorted out in a basic language. To guarantee that beneficiaries can without much of a stretch comprehend the importance of the message, the sender needs to impart unmistakably and unhesitatingly so the beneficiary can plainly and unquestionably comprehend the data.>

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