Question

You and your team are now ready to preset to the executive team of the company including the president. The general purpose of the presentation is to convey strategies for using data analytics to help drive the marketing and sales of the company. Essentially, the president wants to use data analytics to improve the company's bottom line and establish competitive advantage.

1. Describe the methods for identifying stakeholders for projects.
2. Describe the internal and external strategies for securing data, including the legal implications for any breaches to security.
3. Identify strategies for effectively presenting data across an organization.

4. Identify the method(s) that will be utilized for measuring success once the plan is implemented.

Answer 1

• Describe the methods for identifying stakeholders for projects.
  • These are some of the individuals who can be identified as the stakeholders in the project:
    • People directly involved ( ex. employees )
    • People indirectly involved ( ex. advisors )
    • People affected by project's outcome ( ex. customers )
    • People who gain / lose based on project's success ( ex investors )
    • People who supply data / raw material ( ex. suppliers )
    • Competitiors
• Describe the internal and external strategies for securing data, including the legal implications for any breaches to security :
  • Know about data vulnerabilities
    • Adopt penetrations testing and use intrusion detection systems to quickly know about data breaches, if any.

  • FInd Risk Scores

    • Common Vulnerability Scoring System is used to score a system based on its resistance to intrusion. Get yourself evaluated on the benchmarks to know where you stand.

  • Workforce Training

    • Invest in training your workforce to identify and prevent security threats.

  • excessive privileges

    • Most of the vulnurabilities are from inside the organization. Restrict the access of employees to a minimum of only what they need.

  • Cloud

    • Moving to cloud based developement is the best choice if you want to do away with the hassle of maintaining security.

  • Encrypt

    • Always encrypt sensetive data before archiving or storing on a drive.

• Identify strategies for effectively presenting data across an organization.
  • Frame the contect in simple words, but the meaning should be felt loud and deep.
  • Structure your presentation in an intuitive way
  • Be unexpected. Surprize your audience.
  • Tell a story, human minds respond better to stories than lectures.

• Identify the method(s) that will be utilized for measuring success once the plan is implemented.

  • Measure customer satisfaction through surveys/calling.

  • Evalutate your the metrics like percent growth in revenue/users/active users.

  • See if the project will be able to sustain in long term.