SampleProblemStatement Data Analytics

The document outlines the significance of Data Analytics and AI in enhancing business performance and decision-making through the analysis of large datasets. It presents sample problem statements where these technologies can be applied, including smart projects in IoT, healthcare applications, education data management, social scheme optimization, tax evasion prevention, and cyber security. The integration of AI with data analytics is emphasized as a means to derive deeper insights and improve operational efficiencies across various sectors.

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SampleProblemStatement Data Analytics

Uploaded by

Shawn Eye

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Download as PDF, TXT or read online on Scribd

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Sample Problem Statement for CoE in Data Analytics & AI

Data Analytics is the discovery, interpretation, and communication of meaningful patterns in

data. Especially valuable in areas rich with recorded information, analytics relies on the
simultaneous application of statistics, computer programming and operations research to
quantify performance. AI or Artificial Intelligence is technology designed to emulate the human
mind, particularly in areas such as analysis and learning. AI is designed to draw conclusions on
data, understand concepts, become self-learning and even interact with humans. AI and data
analytics are connected because the former boosts the capabilities of the latter to deliver deeper
and better insights beyond what human analysts can do.

Organizations may apply AI with analytics to business data to describe, predict, and improve
business performance. Since analytics with AI can require extensive computation, the algorithms
and software used for the purpose harness the most current methods in computer science,
statistics, and mathematics.

Some of the sample problem statements where Data Analytics and AI can make a difference are
given below.

1. Smart projects in the IoT enabled world

With the introduction of concept of smart cities, smart agriculture and smart health care and
application of IoT in various sectors, huge amount of data will be generated. Long term success
of these project will depend on the underlying data analytics capability. Data transmitted by the
various sensor, needs to be continuously processed, creating alarms and triggers in immediate
term and intelligence/insights in long term.

2. Market Potential for Data Analytics CoE at Tripura

a) The public sectors across the state generate a huge amount of data in transactions,
employment, education, manufacturing and agriculture, to name a few. Data analytics
applications can significantly help the State government to achieve efficiencies, combat fraud,
bring transparency, foster the economy, and spike productivity and growth. These applications in
collaboration with private organizations can enable government and public-sector organizations
to offer effective services and respond more quickly and accurately to the citizens' need.

b) The healthcare Application-e-Hospital within the state has a unique opportunity to leverage
data analytics to conduct scientific research, clinical trials, develop personalized and genetic
medicine, and use medical data to chart out public policies. Data in healthcare comes from
various sources such as biometric, patient records, prescription, and machines. Big data analytics
can be used on the data emanating from all these sources to generate actionable insights, predict
outcomes, and plan treatment protocols for effective public health.
c) The department of education within the state having large volume of student's data which
includes their performance, demographics, and other academic information, the government of
Tripura would be able to monitor and predict state/district-wise figures, plan and allocate budget
with the help of data analytics.

3. Social schemes and budget allocation

India’s budget allocation for various social schemes like NREGA, MUDRA schemes, Ayushman
Bharat and various others are not properly designed. Linking of the AADHAR to various
services like finance, healthcare etc. is expected to create a gigantic pool of data which will need
to convert the raw data into meaningful information and facilitate analysis. These insights can
help design social schemes and budget allocation more efficient.

4. Tax evasion and money laundering

Tax evasion and money laundering is a growing menace in our society. Demonetization in India
has brought about an attitudinal shift in the minds of the Indian people with more individuals
now migrating towards digital payment mediums and this increasing digitization of transactions
is a positively correlating factor for the Big Data Analytics demand in the country. The CoE can
work on solutions to fight corruption and money laundering through Data Analytics.

5. Cybercrimes and cyber security

Cybercrimes and cyber security are threatening India’s most secured servers and Government
websites. According to Cisco, India faces the highest number of cyber security threats in the
Asia-Pacific region with over 500,000 alerts daily, which is nearly thrice the number of alerts at
global companies. These threats can be mitigated with expert Data Analysts and Data Science
experts.