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Unit information: Data Analytics and Artificial Intelligence for Business in 2021/22

Unit name Data Analytics and Artificial Intelligence for Business
Unit code EFIM30051
Credit points 20
Level of study H/6
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Bernardi
Open unit status Not open
Pre-requisites

Quantitative Analysis in Management (EFIM10014) or Mathematical and Statistical Methods (EFIM10008)

Co-requisites

None

School/department School of Management
Faculty Faculty of Social Sciences and Law

Description

Unit Directors: Dr Roberta Bernardi and Andrew Rogers

With the rise of data analytics and Artificial Intelligence (AI) applications in the company, many companies are increasingly looking for digitally savvy graduates with analytic skills. The aim of this course is to provide students with a basic practical understanding of predictive models and their application in AI systems. It will also equip students with a critical understanding of how to interpret data to make sound business decisions and how to integrate AI to increase productivity in the workplace. The specific aims of this unit are:

1. to provide an insight into the main predictive analytics techniques and their business applications in relation to AI;

2. to teach basic predictive analytic techniques (e.g., linear modelling);

3. to provide an in-depth understanding of how predictive modelling should be used in making sound business decisions;

4. to explore areas of applications of AI in various business contexts and provide a critical understanding of its benefits and risks;

5. to provide a critical understanding of the ethical and societal issues concerning the use of AI in the workplace.

Intended learning outcomes

On completion of this unit, students will be able to:

1. demonstrate a systematic and critical understanding of the areas of application of predictive models in organisations and their use in Artificial Intelligence;

2. analyse a business problem and identify and apply appropriate predictive analytic techniques to provide solutions;

3. critically evaluate the impact of AI on businesses and in the workplace;

4. provide a reasoned analysis and evaluation of the main ethical and societal implications of AI;

5. critically evaluate a case for the adoption of AI to solve a business problem.

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities.

Assessment Details

Summative (TB1): 3,000-word report (100%) split into two parts: A) 1,000-word numerical/problem solving exercise; B) 2,000 word essay.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM30051).

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