+1 862 207 3288 Computer sciences and Information technology
Why Quants Don’t Know Everything
Project description
In the second task, you should carefully study the “Frugal Innovation” presentation posted on
Blackboard, and conduct your own research on the topic of technology innovation with limited
resources. Write a report on the topic of frugal innovation, addressing the following main issues:
?? How would you define “frugal innovation”? Identify four unique characteristics of frugal
innovation that distinguish it from traditional technology innovation;
?? Briefly describe two cases of frugal innovation that you researched;
?? Do you think frugal innovation would be a significant phenomenon for the global
economy? Why or why not? What impacts do you see it would have on the individual
business organizations implementing the frugal innovation, to the nations fostering the
frugal innovation environment, and to the global society as a whole?
?? Describe in words the Integrated Framework for Frugal Innovation (IFFI), as presented in
the presentation. Provide your own opinions regarding any additional factors that
should be included in IFFI, and/or the factors currently included in IFFI that should be
eliminated. Justify your opinions.
Your report should be an Word document of 2-3 pages, using font size 12 and single line
spacing. .
The third task requires you to carefully read the “Why Quants Don’t know Everything” article
posted on Blackboard, and conduct your own research, and then write an analysis report that
addresses the following issues:
a. What are the four stages, as identified in the article, of data analytics significantly
influencing the traditional business operations / decision makings in specific industry?
b. Based on the explanation in the article, which discipline/industry do you think will be
ripe for the next break through in big data analytics? Why?
c. In your own word, explain what potential disadvantages over-relying on data analytics
would bring to decision making. Give some specific examples.
Your answers should be in one single document of 3 pages. Use font size 12, and single line
spacing in the document.
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