Requirements Template for Analytics Projects

Abstract

Data analytics projects have become a common accomplishment in many enterprises. However, establishing a data analytics project requires consideration of many factors that are not always recognized at the very beginning of the project. This study seeks to identify what generic requirements must be defined for data analytics projects and what analytics project attributes need to be addressed by these requirements. It proposes a requirements template for the generic requirements of the analytics projects. The template is intended to be used to reduce the complexity of starting the analytics projects by providing a checklist of requirements to be considered at the beginning of the project. The template is derived from analyzing 16 data analytics project reports for descriptive, diagnostic, predictive, and prescriptive analytics tasks. The template is then validated by analyzing its compliance with 20 analytics projects within the real estate domain using the corresponding research articles.