Social BI

Management technique integrating group sharing

Improve existing projects, products and processes
Managed by third-party analytical software
Combines functions of traditional project management software with engagement techniques gleaned
from social media
Invites customer input and feedback at early points in the process rather than after a product is released

Ideal way take advantage of human capital both inside and outside
Within the business, the open management of resources and products helps employees give feedback &
provides more opportunities for recognition
Outside the business, customers can have an influence on shaping a company's products and services
New buzzword meaning will shift

Industrial BI
The manufacturing industry has undergone significant changes
Globalization
Traditional orthodox management systems are giving way to a more data-oriented structure.
Manufacturing data-intensive industries
From reaching out to customers to delivering products
Data often lie idle with the companies
BI can transform and simplify many core activities in the manufacturing firms in all spheres of businesses
by optimizing scarce resources.
Advantages:
Informed Decision Making:
Management and utilization of data from multiple sources
Access large, cumbersome database and transform into comprehensible structure
Helps the decision-makers take more informed and concise decision
Test ‘what if’ scenarios to project and analyze alternate strategies.
Increases Operational Efficiency:
Accelerates the pace of operational efficiency huge volumes of data readily accessible and
understandable
Analyzing team performances and suggesting remedial measures for proper allocation of scarce
resources
Product modeling through analytics reduce and correct errors during product development
Supply Chain and Logistics Management:
Manage the supply chain logistics by evaluating performance daily basis and analyzing data ensure
timely deliveries and quality service
Monitor freight costs by identifying changes in supply and demand.
Inventory Control:
Tracking and reducing inventory costs across location and time
Testing and simulating new manufacturing products easier
Reduced process flaws by pin-pointing defects
Analyze turnover rates and margins based on products, departments and sellers
Cloud BI
Implements expensive and complicated software on-site; it is accessible anywhere on any device SaaS
model
Doesn’t require additional hardware or software nor a strict restriction on space
Auto-select storage according to current computing needs making cloud-based BI so powerful
The analytics performed on the cloud platform will affect BI in the following ways:
1. Accelerating the adoption of BI services rising lucrative intents involved
2. Easier evaluation of the data and analytics
3. Increased short-term ad-hoc analysis
4. Avoidance of long-term business commitments
Benefits include:
1. Fast, easy and inexpensive deployment
2. No extra expenditure on hardware and software setup
3. Higher reliability against the threat of accidental data loss
4. Multi-tenancy environments resources exploited to their optimum usage
5. Free automated software upgrades and maintenance
6. Flexibility and scalability of the cloud reduction in a waste of cloud space saving both energy and
money
7. SaaS allow the consumers to pay for only what is used
8. Specific cloud solutions come with personalized needs for data handling
9. Easy cross-location data sharing and remote data access

Data Information Knowledge & Wisdom:

Data:
Data is unorganized or unprocessed facts
Main purpose to record activities
Qualitatively measured by timeliness, relevance, clarity
In computing terms it can be structured as records of transactions usually stored in some sort of
technology system.
Ex- It’s raining
Information:
Information is data that is processed to be useful
Comes from both current and historical sources
Aid in making decision or solving problems
Ex- The temperature dropped 15 degrees and then it started raining.
Knowledge:
Facts, information, skills acquired through experience or education
Derived from information
Purpose is to create or increase value of enterprise and stakeholders. Value creation
Ex- If the humidity is very high and the temperature drops substantially the atmospheres is often
unlikely to be able to hold the moisture so it rains.
Wisdom:
Ability to think and act on knowledge, experience, understanding, common sense and insight.
Mix of all.
Ex- It rains because it rains. And this encompasses an understanding of all the interactions that happen
between raining, evaporation, air currents, temperature gradients, changes, and raining

BICoE:
A permanent, cross-functional team that:
 Enables enterprise to coordinate / complement all BI projects
 Ensures BI environment is optimally constructed, performing, and used throughout the
enterprise
 Establish enterprise-wide definitions, calculations, business rules, etc.
 Encourage “self-service” reporting for business
No all organizations don’t. Need if:
 Multiple uncoordinated BI projects running
 Lacks formal BI processes for creation, maintenance & usage of analytics environment
 Myriad BI technology but don’t know uses
 Can’t align BI initiatives to business objective
 Huge log of BI requests
 Too much spending on BI
Skills:
Business Skills: business needs, organization & process
Technical Skills: business needs, Statistical & process skills
IT skills: governance & administration, tools infrastructure application & data
BI Maturity Model:

OLAP Cube:
Multidimensional database, optimized for data warehouse & online analytical processing
Method to store data in multidimensional form
Data is categorized by dimensions

Types:
Relational OLAP: star schema based
Multidimensional OLAP: cube based
Hybrid OLAP: combination
Operations possible:
 Roll up
 Drill down
 Slice & dice
 Pivot create

Business Intelligence:
Four steps:
Current BI needs baseline analysis:
 Identify business models across line of business
 Role based business perspective
 Expected impact along the LOB
BI strategy & execution baseline:
 Access existence of BI strategy
 Completeness of execution
 Impact if completed
Gap analysis:
 Prioritize gaps of existing BI needs & non-existent or poorly executed strategy components
BI strategy foundation:
 Promote the benefits of addressing gaps
 Map capabilities to solve the business pain
Challenges:
Strategy-
Significant investment to address gaps
Loose definition of tactics to accomplish goals leads to diminished results, lack of collaboration
Key Metrics:
Choosing metrics is tricky and getting agreement from upper management is challenging
Data integrity:
Accuracy of data, ensuring clean current and consistent data
User adoption:
Fail without successful rollout & training program
RoI:
Lack of clarity or focus can derail your success and lead to results that don’t measure up to expectation

What is BI? Block Diagram and Benefits of BI

Business Intelligence comprises the strategies and technologies used by enterprises for the analysis of
business information
Provides current, historical & predictive views of business operations
Common functions include:
 Reporting
 Online analytical processing
 Data, text & process mining
  Predictive & prescriptive analytics
 Complex event processing
 Benchmarking
Handle large amounts of structured & unstructured data
Identify, develop & create new strategic business opportunities
Complete picture from different data sources
Empower organizations to gain insight into new markets, to assess demand and suitability of products
and services for different market segments and to gauge the impact of marketing efforts
Benefits:
 Removes guesswork
 Quicker responses
 Obtain important business metric reports whenever needed
 Valuable insight into customer behavior
 Knack of streamlining operations
 Develop efficiently
 Better inventory
 Better understanding of business past, present & future

Data Warehousing:
Technique for collecting and managing data from varied sources to provide greater business intelligence
Blend of technologies and components which allows the strategic use of data.
Electronic storage of a large amount of information by a business which is designed for query and
analysis instead of transaction processing. The information gathered in a warehouse can be used in any
of the following domains −
• Tuning Production Strategies
• Customer Analysis
• Operations Analysis
OLTP OLAP
Operational data; OLTPs are the Consolidation data; OLAP data comes from
Source of data original source of the data. the various OLTP Databases

Purpose of To control and run fundamental To help with planning, problem solving, and
data business tasks decision support

Reveals a snapshot of ongoing Multi-dimensional views of various kinds of

What the data business processes business activities

Inserts and Short and fast inserts and updates Periodic long-running batch jobs refresh the
Updates initiated by end users data

Relatively standardized and simple

queries Returning relatively few
Queries records Often complex queries involving aggregations

Depends on the amount of data involved;

batch data refreshes and complex queries
Processing may take many hours; query speed can be
Speed Typically very fast improved by creating indexes

Larger due to the existence of aggregation

Space Can be relatively small if historical structures and history data; requires more
Requirements data is archived indexes than OLTP

Database Typically de-normalized with fewer tables; use

Design Highly normalized with many tables of star and/or snowflake schemas

Backup religiously; operational data is

critical to run the business, data loss Instead of regular backups, some
Backup and is likely to entail significant monetary environments may consider simply reloading
Recovery loss and legal liability the OLTP data as a recovery method