Assessment 3 Machine Learning/AI for a Business Problem
Your Task
Develop a real-world Machine Learning or AI project plan/proposal based on the learnings from the course.
Assessment Description
This assessment seeks to simulate a real-world task that you may have to undertake in the future. Therefore, the assignment is non-prescriptive and requires you to pose a relevant, small, creative and significant problem to solve that could result in benefits to the organisation of choice.
In this assessment, you need to consider an organisation in an industry of your choice and articulate the steps this organisation needs to take to enable Machine Learning and/or AI for data-driven decision making. You are required to analyse a sample data set to demonstrate expected AI/ML outcomes.
You need to be familiar with the organisation and industry (e.g., where you have worked or are working, a future start-up company), NOT an organisation such as Amazon/Boeing/Qantas etc.
The report should address:
o Why AI would help this organisation given their current operations
o What Machine Learning techniques you would recommend
o An example of the predictive model using sample data
o Deployment considerations for the model
o The benefits for the organisation clearly articulated with estimates of expected
revenue/profits or Return on Investment
Assessment Instructions
• By Week 9 identify a company and industry you are familiar with that would benefit from Machine Learning/AI. Note:
o The application needs to be based on Machine Learning/AI (not some other aspect of analytics).
o Focus on a single, well defined (small) application.
o Sample datasets maybe sourced from:
an organisation if you work there
public repositories such as kaggle.com and
https://archive.ics.uci.edu/ml/datasets.php,
Open government data such as abs.gov.au
• By Week 12 draft some preliminary points pertaining to the report in class. You are
encouraged to consider the current mode of operation, possible inefficiencies, available data and how this data may be used to provide efficiencies based on the concepts and techniques covered in the subject. Think of yourself as a consultant or a founder.
• Your facilitator will advise on the appropriateness of your choice and proposed
methodology with regard to the requirements for the assessment.
