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Business Intelligence (Project Hard Copy)
Business Intelligence (Project Hard Copy)
Business Intelligence (Project Hard Copy)
10 30 Summary
Introduction to Business Intelligence
2. Data analysis:
4. Risk Assessment:
5. Decision support:
2. Forecasting
Many of you have no doubt run into the needs for forecasting,
and all of you would agree that forecasting is both a science and
an art. It is an art because one can never be sure what the future
holds. What if competitors decide to spend a large amount of
money in advertising? What if the price of oil shoots up to $80 a
barrel? At the same time, it is also a science because one can
extrapolate from historical data, so it's not a total guess.
3. Dashboard
4. Multidimensional analysis
Multidimensional analysis is the "slicing and dicing" of the data.
It offers good insight into the numbers at a more granular level.
This requires a solid data warehousing / data mart backend, as
well as business-savvy analysts to get to the necessary data.
4. Minimum Training:
Robust, flexible with integrated enterprise reporting,
analysis and query eliminate the need to learn multiple
products.
Less training requirements resulting in better user take up
and participation across all levels in the organisation
Attributes of enterprise-scale Business
Intelligence architecture
Usability:
To reach the broadest possible audience, a BI solution has
to recognize and accommodate different types of users
through a common user experience, across all BI capabilities
and on the full range of technology, including mobile devices.
It must be
highly searchable so that users can leverage BI information
that the organization has already created.
Reliability:
For most organizations, business intelligence is core to the
running of the business or department. A BI system has to
operate on a 24x7 basis, with redundancy for all capabilities
and services.
Openness:
Businesses intelligence has to be open—in terms of the data
you can access, and for integration with existing and new
applications, portals, security systems, and more.
Manageability:
IT must be able to administer efficiently and proactively,
ensuring that potential problems are identified early and
avoided, and keeping the system operating effectively.
Security:
A BI solution has to work with existing security providers
to ensure that access to both the BI system and the
information in that system is always secured as required.
The Benefits of Business Intelligence
Empower employees.
When analytical data is readily available and
understandable, your employees can more easily act
in ways that improve performance and support the
overall business strategy. Business Intelligence
includes robust, dynamic business score carding,
analysis, and reporting tools so everyone throughout
the company can make better decisions, faster.
Improve alignment.