Apex Institute of Engineering

DEPARTMENT OF AIT - CSE

B.E. CSE with Specialization in BDA
21CST290- Business Intelligence
By: Dr. Amit Vajpayee (E14118)

Lecture -7 & 8
Lecture 7 Real-time Business Intelligence
DISCOVER . LEARN . EMPOWER
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Lecture 8 Real time Business Intelligence - Examples and Overview
Chapter Course Objectives

The course aims to:

Understand the concept of business intelligence.
1. Understand the importance of data visualization.
Design and develop a micro strategy in intelligence.

Chapter Course Outcomes

CO1: Comprehend business intelligence
CO2: Analyse datasets using data visualization tool
CO3: Design strategic approaches in business
CO4: Explain different BI Tools
1. CO5: Apply various BI Tools in Real-Time Problem Solution

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Real-time Business Intelligence
• Real time business intelligence is the use of analytics and
other data processing tools to give companies access to the
most recent, relevant data and visualizations. More than
anything, this up-to-the-minute information lets
organizations make smarter decisions and better understand
their operations. To provide real-time data, these platforms
use smart data storage solutions such as 
Redshift data warehouses, visualizations, and ad hoc analytics
tools.

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Real-time Business Intelligence

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Why is Real-Time BI Crucial for
Organizations?
• At its core, real-time business intelligence is about understanding data
faster and using it to make wise snap decisions.
• For organizations which produce gigabytes—and even terabytes, in
some cases—much of this information loses its relevance once it’s
sitting in storage. Information about inventory levels, customer needs,
ongoing services, and more can all be incredibly useful, but more so if
it’s analyzed as soon as it’s generated.

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Who Uses Real-Time BI?

• Customer relationship management suites (CRMs)

• Logistics organizations
• Inventory managers
• Manufacturers can collect real-time data from machinery and
production chains
• Risk analysts can take advantage of incoming data to continuously
modify their risk models

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What are the Real-Time BI Best Practices?
• Understand the value of your data
• Have a strong infrastructure built for your data
• Collect the right data

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Real time Business Intelligence - Examples
and Overview
• Case Studies: Real-World Examples of Business Intelligence at Work
• Lotte.com: BI Increases Company Revenue 
• Cementos Argos: BI Improves Financial Efficiency
• Baylis & Harding: BI Provides Decision Making Process Support
• Sabre Airline Solutions: BI Accelerates Business Insights

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Text Books:- 
Sherman, Rick.(2015).Business Intelligence Guidebook: From Data Integration to Analytics, Morgan
Kauffman.
Maheshwari, Anish, K. (2015). Business Intelligence and Data Mining, Business Expert Press.

Reference:
Moss, Larissa, T( 2020). Business Intelligence Roadmap: The Complete Project Lifecycle for
Decision-Support Applications, Addison-Wesley Information Technology Series
Howson, Cind, (2020). Successful Business Intelligence, Mc Graw Hill.

Research Papers:-
1) Negash, Solomon, and Paul Gray. "Business intelligence." Handbook on decision support systems
2. Springer, Berlin, Heidelberg, 2008. 175-193.
2) Luhn, Hans Peter. "A business intelligence system." IBM Journal of research and development 2.4
(1958): 314-319. 

Video Link:-
https://www.youtube.com/watch?v=hDJdkcdG1iA
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THANK YOU

For queries
Email: amit.e14118@cumail.in
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