MIS782 Value of Information Task 3 Assignment Help | Deakin University

MIS782 – Value of Information – Trimester 3 2024

Assessment Task 3 –Applying Emerging Technology for Competitive  Advantage – Individual

REPORT DUE DATE AND TIME: Week 12, 5th February 2025 Wednesday, by 8.00 PM (AEST) PERCENTAGE OF FINAL GRADE: 30%

WORD COUNT: 1500 words

Description

Purpose

In an increasingly dynamic and turbulent market environment, organizations need to sense and seize  opportunities with disruptive emerging technologies to sustain their competitiveness. You take the role of  an IS consultant in which you should provide recommendations about how an organization can sense and  seize the opportunities and threats of an emerging technology to gain further competitive advantage.  Your recommendation should be embedded in a ‘business use case brief’, which will outline the details of  one suggestion of a use case for the emerging technology investment for business purposes. For this  assessment task, the emerging technology is Quantum Computing. The industry choices are: 1)  Healthcare and Pharmaceuticals 2) Financial markets, portfolio and banks. Please note that you only need  to choose ONE industry from these two options.

Specific Requirements

Background

Organisations evolve to respond to market inertia, changing customer needs, regulatory changes, crisis and above all, advances in disruptive technologies. Emerging technologies appear to have rocked the very  foundation of many a domain of work.

Both the Resource-Based View (RBV) and Dynamic Capabilities theory (DCT) constitute an approach on  how firms can get competitive advantage in dynamic environments, where changes take place in a  continuous way. Firms that have deployed dynamic capabilities often are more successful as it enables  instant response and flexible innovation based on strong capabilities for sensing (e.g., detection), seizing (e.g., adaptation, absorption) and transforming/configuring (e.g., integration, innovation).

Emerging technology on focus

Quantum computing is an approach to data processing and computation that uses principles of quantum  mechanics to solve complex problems that traditional computers cannot handle. Building on common  images of quantum computing in the popular discourse, and using the ICIS 2024 panel discussion, we can  use five metaphors to describe quantum computing: a mirage, a crypto buster, a supercomputer, a silver  bullet, and a paradigm shift. Do you consider quantum computing a radical or incremental innovation?

In this assignment we aim to explore the potential of quantum technologies and their impact on the  selected industries mentioned above. Your role will be to speculate the outlook for the future, and how  quantum computing may either challenge or expand the current modus operandi of business and society  for the industry of your choice. Overall, in this assignment, we ask you to think about a business use case  for your chosen industry to predict the future discourse on quantum computing, to focus on information  systems that focuses on the application and commercial advancement of quantum computing for your  chosen industry (NOTE: no need to worry about the technical details as it is still at a conceptual level).1

Report structure

This report should be no more than 1500 words (excluding the references and appendices).  Below you can find a detailed description of the required sections for this report:

• Proposed title: Give your business case brief a title.

• Proposed business use case brief with the emerging technology (~400 words): In this section,  describe the business opportunity/problem that the proposed use case brief will address with the emerging technology and identify the potential outcomes of the investment that will return business  value for the industry (e.g., improved product or service, improve customer service, improve  communication, streamlining internal processes, sales and marketing, data collection and analysis,  create or strengthen relationships with suppliers, customers, or partners etc.). The proposed use case  should have a clearly defined purpose and must map to the goals and strategy of a typical organization within the chosen industry (use the contextual questions as a guide – what, why and  how). Build your argument based on an organization’s resources and capabilities from the Resource Based View (RBV) theory to identify potential areas where emerging technology can be applied for  competitive advantage. Support your arguments with reference whenever possible. to guide you to  find a use case, think “What is quantum computing, and what are its key affordances for your chosen  industry?”

• Rewards and risks of the proposed use case (~700 words): Identify a solution/way of implementing  the new emerging technology for the use case you are proposing. To guide you, think “What are the  economic (business) benefits/rewards and risks that may result from quantum computing for your  chosen industry?”.

o Conduct research on the available information sources for the proposed use case  including the types of the data that will be used and the algorithms and models that will  be employed. This could include data from internal and external sources, expert opinions,  and market research. Consider factors such as the reliability, relevance,

representativeness, and the dimensions of the information sources.

o Carry out a critical assessment for the impact of the use case on the decision-making  process or performance of the organisation. Consider factors such as benefits and  limitations, information asymmetry, risks including ethical implications.

• The role of Dynamic Capabilities (~400 words): To implement the emerging technology, the  organization in the selected industry would require developing several capabilities for sensing,  seizing, and transforming for the proposed business use case. In this section, identify the dynamic  capabilities that are needed in relation to materializing the strategies for the business use case and  consider how these capabilities would impact on the organization’s competitiveness and its  sustainability. To help you guide, think “Do you consider quantum computing a radical or incremental  innovation?”

• References: References and citations showing the source of all the information in the report need to  be provided (APA referencing style). The references used must demonstrate thorough research using  quality references such as journal articles, book sections, conference papers, and industry reports  with good evidence to support your arguments in the sections above. Details referencing can be  found at: (ensure to scroll  down!)

• Appendices: In this section, you should place figures or tables that illustrate or summarize your key  points from the recommendations section.

• Key article that introduces you to Quantum Computing for this assessment:

1 Avital, M., Chatterjee, S., Düdder, B., Langer, N., Leimeister, J. M., Levina, N., & Wareham, J.  (2024). Quantum Computing: Going Where No One Has Gone Before. In D. Vogel, H. Gewald, A.  Sapsomboon, A. Schwarz, C. Cheung, S. Laumer, & J. Thatcher (Eds.), Proceedings of the 45th  International Conference on Information Systems (ICIS 2024): Digital Platforms for Emerging  Societies Article 2034 Association for Information Systems. AIS Electronic Library

(AISeL).

• Further resources for research: Avital et al. (2024) has links to further resources. We expect you to do  further research on quantum computing using both academic and grey literature. MIS782 reading list has further useful readings on the theories relevant to this assignment.

What to include in your Business use case brief

Very high-level view of what the use case will be. Format – very brief, succinct, kept to bare minimum, only  details that are necessary to decide whether this is a worthwhile investment/project for the organization,  assisting decision making. Keep the problem separated from the solution, focusing on the business  process, no technical/infrastructure/architecture details are required – “what’s in it for the business  community?”. It is similar to user stories in agile development or project charter in project management.

o Define the Business area that the use case targets

o Purpose of the business use case

o Focus on the value to the business user

• What business need does it fulfill?

• Who are the stakeholders?

• What benefits results for its stakeholders and what metrics will you use to

measure business success?

o Align solutions with the business need (ask the contextual questions – what, why and  how)

• From RBV perspective, how it will achieve competitive advantage based on

core resources and capabilities

Watch the video – Introduction to Business Use Cases for Lean and Agile Environments – YouTube

Learning Outcomes

This task allows you to demonstrate your achievement towards the Unit Learning Outcomes (ULOs) which  have been aligned to the Deakin Graduate Learning Outcomes (GLOs). Deakin GLOs describe the knowledge  and capabilities graduates acquire and can demonstrate on completion of their course. This assessment task  is an important tool in determining your achievement of the ULOs. If you do not demonstrate achievement  of the ULOs you will not be successful in this unit. You are advised to familiarise yourself with these ULOs  and GLOs as they will inform you on what you are expected to demonstrate for successful completion of this unit. The learning outcomes that are aligned to this assessment task are:

Submission

You must submit your assignment in the Assignment Dropbox in the unit Cloud Deakin site on or before  the due date. When uploading your assignment, name your document using the following syntax:  <your surname_your first name_your GroupID_ number_[unitcode].doc (or ‘.docx’). For example,  ‘Jones_Barry_125456789_ABC125.doc’. Only one submission per group is required. A Group Contribution Form must also be attached as the last page of your assignment (Assessments without this  form will not be assessed).

Submitting a hard copy of this assignment is not required. You must keep a backup copy of every assignment  you submit until the marked assignment has been returned to you. In the unlikely event that one of your  assignments is misplaced you will need to submit your backup copy.

Any work you submit may be checked by electronic or other means for the purposes of detecting collusion  and/or plagiarism and for authenticating work.

When you submit an assignment through your Cloud Deakin unit site, you will receive an email to your  Deakin email address confirming that it has been submitted. You should check that you can see your  assignment in the Submissions view of the Assignment Dropbox folder after upload and check for, and keep, the email receipt for the submission.

Marking and feedback

The marking rubric indicates the assessment criteria for this task. It is available in the Cloud Deakin unit  site in the Assessment folder, under Assessment Resources. Criteria act as a boundary around the task  and help specify what assessors are looking for in your submission. The criteria are drawn from the  ULOs and align with the GLOs. You should familiarise yourself with the assessment criteria before  completing and submitting this task.

Students who submit their work by the due date will receive their marks and feedback on Cloud Deakin  15 working days after the submission date.

Extensions

Extensions can only be granted for exceptional and/or unavoidable circumstances outside of your control.  Requests for extensions must be made by 12 noon on the submission date using the online Extension

Request form under the Assessment tab on the unit Cloud Deakin site. All requests for extensions should be supported by appropriate evidence (e.g., a medical certificate in the case of ill health).

Applications for extensions after 12 noon on the submission date require University level special consideration and these applications must be submitted via Student Connect in your Deakin Sync site.

Late submission penalties

If you submit an assessment task after the due date without an approved extension or special consideration,  5% will be deducted from the available marks for each day after the due date up to seven days*. Work  submitted more than seven days after the due date will not be marked and will receive 0% for the task. The  Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the  task after the due date. *’Day’ means calendar day for electronic submissions and working day for paper  submissions.

An example of how the calculation of the late penalty based on an assignment being due on a Thursday at  8:00pm is as follows:

• 1 day late: submitted after Thursday 11:59 pm and before Friday 11:59 pm– 5% penalty.  • 2 days late: submitted after Friday 11:59 pm and before Saturday 11:59pm – 10% penalty.  • 5 days late: submitted after Saturday 11:59 pm and before Sunday 11:59pm – 15% penalty.  • 4 days late: submitted after Sunday 11:59 pm and before Monday 11:59 pm – 20% penalty.  • 5 days late: submitted after Monday 11:59 pm and before Tuesday 11:59 pm – 25% penalty.  • 6 days late: submitted after Tuesday 11:59 pm and before Wednesday 11:59pm – 50% penalty.  • 7 days late: submitted after Wednesday 11:59 pm and before Thursday 11:59 pm – 55% penalty.

The Dropbox closes the Thursday after 11:59pm AEST/AEDT time.

Support

The Division of Student Life provides a range of Study Support resources and services, available throughout  the academic year, including Writing Mentor and Maths Mentor online drop ins and the Smart Thinking 24  hour writing feedback service at this link. If you would prefer some more in depth and tailored support,  make an appointment online with a Language and Learning Adviser.

Referencing and Academic Integrity

Deakin takes academic integrity very seriously. It is important that you (and if a group task, your group)  complete your own work in every assessment task Any material used in this assignment that is not your  original work must be acknowledged as such and appropriately referenced. You can find information about  referencing (and avoiding breaching academic integrity) and other study support resources at the following  website:

Your rights and responsibilities as a student

As a student you have both rights and responsibilities. Please refer to the document Your rights and  responsibilities as a student in the Unit Guide & Information section in the Content area in the Cloud Deakin  unit site.

MIS782 – VALUED OF INFORMATION

ASSESSMENT 3 RUBRIC

MIS782 – VALUED OF INFORMATION

ASSESSMENT 3 RUBRIC