Today And Tomorrow

Business Intelligence

GROUP MEMBERS
VIVEK PARDESHI JAY RATHOD KAIWALYA DESHPANDE SUROJIT SAMANTA RAJESH HULE

WHAT IS BUSINESS INTELLIGENCE?

Business Intelligence is a broad array of applications or technologies designed for storing, gathering, analyzing, and processing information. BI refers to the information that is available for the enterprise to make decisions on. BI is bringing the right information at the right time to the right people in the right format. BI systems are applications and technologies that focus on gathering, storing, analyzing, and providing access to data from different source.

WHY DO WE NEED BI?

Make more informed business decisions:
 Competitive and location analysis  Customer behavior analysis  Targeted marketing and sales strategies  Business scenarios and forecasting  Business service management  Business planning and operation optimization  Financial management and compliance

WHO USES BI?

Business Intelligence software and applications are not easily affordable, therefore they are most commonly used in large corporations, rather then small business.Yet there are new companies on the rise that are providing Business Intelligence applications to mid-sized organizations for a some what affordable fee.

TECHNOLOGIES SUPPORTING BI
       

Database systems and database integration Data warehousing, data stores and data marts Enterprise resource planning (ERP) systems Query and report writing technologies (MS-Access, SQL) Data mining and analytics tools Decision support systems Customer relation management software (CRM) Product lifecycle and supply chain management systems (SCM).

LAYERS OF BI

HOW IT WORKS?

FOCUS OF BUSINESS INTELLIGENCE

 The Right Information - means ONLY that information that

is useful to the receiver, and that can be acted upon

 The Right Person - is the person who has the knowledge to

interpret the information and the mandate and processes to act upon it
 The Right Time - is appropriate to the period in which the

required action must be taken. If that means sending an email / mobile phone alert then ensure that time is of the essence.

KEY STAGES OF BI

Data Sourcing Data Analysis Situation Awareness Risk Analysis Decision Support

BI TOOLS
    

Excel Reporting tool Data mining tool Integrating Search and Business Intelligence Dashboards

MULTIDIMENSIONAL ANALYSIS
For rapid analysis and display of large amounts of data:  On-Line Analytical Processing (OLAP)  Multidimensional/ hyper cubes  OLAP operations: Slice, Dice, Drill Down/Up, Roll-up, Pivot  OLAP vendors and products

DATA WAREHOUSING
 Basics of data warehousing design and management  Data warehouse architectures  Data marts and data stores  Data structures and data flow  Dimensional modeling  Extract, clean, conform and deliver  Server management tools to package, backup and

restore  Database server activity monitoring and performance optimization

DATA MINING
The extraction of predictive information from large databases.  Data trend, connection and behavior pattern analysis  Data quality  Data mining tools  Predictive and business analytics  Descriptive and decision models  Statistical techniques and algorithms

DATA VISUALIZATION
 Data representations  Information graphics  Data representation techniques and tools  Visual representation trends and best practices  Interactivity in data representation  Tools and applications  The user perspective on information presentation

SIGNIFICANCE OF BIu
     To know about Customers To know about CompetitorsMarket For avoiding Guesswork For sharing of information For improving performance

BUSINESS INTELLIGENCE OLD DEFINITION

BUSINESS INTELLIGENCE TODAY

ADVANTAGES OF BI
 Authorize employees:  Unite people to access data competently and successfully:  Simplify teamwork and allocation:  Convey business intelligence to the entire firm:  Examine and increase insight:  Enhance association:  Lessen training requirements:  Transport refined investigation and reporting:

DISADVANTAGES OF BI
     

Piling of Historical Data Cost Complexity Muddling of commercial settings Limited use Time Consuming Implementation

EXAMPLES OF BI CAREERS
BI careers cross over all industries:  BI solution architects and integration specialists  Business and BI analysts  BI application developers and testers  Data warehouse specialists  Database analysts, developers and testers  Database support specialists

THE FUTURE OF BIu

BI users are beginning to demand [Real time BI] or near real time analysis relating to their business, particularly in front line operations. They will come to expect up to date and fresh information in the same fashion as they monitor stock quotes online. Monthly and even weekly analysis will not suffice