ANLY482 AY2017-18T2 Group08 : Project Overview
| Description | Data | Methodology |
0.0 Disclaimer
To protect the confidentiality of the sponsor, this actual name of the bike-sharing company will be represented by "ABC bike-sharing company".
1.0 Business Problem
In recent months, Singapore’s Land and Transport Authority (LTA) has issued new rules and regulations, requiring bicycles to be parked in designated yellow boxes around the island. LTA enforcers survey the island, and issue tickets to bike-sharing companies in the event where bicycles are found to be outside of these yellow boxes. In other words, the bicycles are said to be illegally parked. From the time a ticket is issued, ABC bike-sharing company has a mere four hours to move their illegally-parked bicycles. Failure to do so will incur hefty fines. Consequently, ABC bike-sharing company's current challenge is to manage illegal parking of their bicycles.
2.0 Project Motivation
2.1 Sponsor Motivation
Currently, ABC bike-sharing company has full-time employees as well as third-party contractor to manage these illegal parking cases. When issued with a new ticket, it is the job of these employees to record the case details into a spreadsheet. Due to the overwhelming number of illegal parking cases occurring each day, ABC bike-sharing company has not yet been able to take a closer look at their data. As such, they have agreed to collaborate with us in the hopes of using analytics and its related tools to clean, analyse and make sense of the data that they have. In doing so, they hope to be able to better manage their illegal parking cases.
2.2 Team Motivation
As Albert Einstein had once said, “Education is what remains after one has forgotten what one has learnt in school.” Keeping in mind this mantra, we understand the importance of applying what we have learnt in the world of business. Further, as final-year students with a second major in Analytics, this module serves as a platform for us to develop our analytical skills and to gain legitimate hands-on experience. It gives us a taste of what analytics has to offer, thereby preparing us for the real world.
In today’s world, environmental degradation, climate change and sustainability issues pose a great problem to businesses and individuals alike. ABC bike-sharing company's seeks to build a sustainable mode of transportation for public masses and to achieve energy savings and reduce carbon dioxide emissions globally. As we strongly resonate with their mission and values, we have decided to collaborate with ABC bike-sharing company to value-add to their business via analytics. The scope of this project also challenges us to take the initiative to acquire greater knowledge and develop new skills above and beyond what we have learnt in school. As individuals with a zest to learn more, this project will definitely be an eye-opening experience.
3.0 Project Objective
3.1 General Objectives
Keeping in mind ABC bike-sharing company's current business problem, this practicum ultimately seeks to help them tackle it via the following objectives:
(i) Identify hotspots for illegal parking cases
(ii) Project the illegal parking patterns by analysing historical data
(iii) Determine suitable areas for yellow boxes to be painted
3.2 Intermediary Objectives
Having reviewed the sample data provided by our sponsor, we arranged a consultation with our supervisor. Following that, our team has come up with additional interim goals to ensure that the aforementioned objectives are achievable. These include:
(i) Developing a better understanding of ABC bike-sharing company's third-party contractor’s operations
(ii) Perform exploratory data analysis to obtain a rough understanding draw a summary of the data
(iii) Properly define terminologies i.e. what constitutes ‘high-risk’ by determining a suitable criteria (e.g. fines issued more than x times per day)
This project scope is focused entirely on Singapore, due to limitations in the data available.
4.0 Scope of Work
The following section will discuss the scope of work we hope to cover during the course of this practicum. However, as we are still in the infancy stages of this collaboration, the true scope of work and methods to be used may (or will be) subject to changes.
4.1 Project Discovery
To begin with, we developed an understanding of ABC bike-sharing company's business domain so as to discover business goals, requirements and problems the client is currently facing. This was done via a face-to-face meeting with a client where we had an initial understanding of the illegal bike parking problem that they faced, as well as the hefty fines issued by LTA. In addition, secondary research was done to better understand ABC bike-sharing company's competitors, LTA regulations as well as the bike-sharing industry as a whole.
4.2 Data Preparation
Data has been collected from ABC bike-sharing company in the form of CSV files. Following which, data preparation and cleaning will be carried out. After, exploratory data analysis (EDA) will be conducted to develop a better understanding of the data set. Summary statistics will enable us to get a higher-level view of the data while dashboards will be created to help us to visualize characteristics of the data.
4.3 Model Planning and Building
Results from the EDA phase shall then be used for model planning and development. The model should be validated before being used for analysis and the generation of insightful findings for ABC bike-sharing company. We plan to use a 3-step process to fulfil the client's objectives as follows:
(i) Descriptive analytics – Use of data mining techniques such as geospatial analysis and data visualisation to develop an in-depth understanding of current illegal bike parking patterns
(ii) Predictive analytics – Use of statistical models and forecasting techniques such as time series forecasting to predict future illegal bike parking trends, for development of a preventive approach.
(iii) Prescriptive analytics – Use of existing data and forecasted trends to suggest optimal locations for additional yellow boxes to be painted by bike-sharing companies to reduce illegal parking problems.
4.4 Communication of Insights
Throughout the duration of this project, the project progress will be communicated to the client via weekly updates. Finalised insights obtained from the model would then be communicated to the client via a presentation. These findings will also be shared via an analytics practicum conference and submitted in the form of a final paper.
