Business Environtments

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Definiton of Business Intelligence

BI is an umbrella term that refers to a variety of software applications used to analyze an organization’s raw data. BI as a discipline is made up of several related activities, including data mining, online analytical processing, querying and reporting.

BI’s major objective is to enable easy access to data (and models) to provide business managers with the ability to conduct analysis.

Decision and Support System

Business Intelligence    =>   Integrated Computerized    =>    Analysis Prediction

BI can be used for identify the big information for the development of business opportunities. By finding new business opportunities and implement an effective strategy, then a company can benefit from the competitiveness and long-term stability. BI technologies provide historical data, the data of the present and predictions of a business operation. Functions that are common in BI technologies are reporting, online analytical processing, data mining, process mining, process complex events, business performance management, text mining, predictive and prescriptive analysis, and others.

BI Capabilities

Data Warehouse

A large store of data accumulated from a wide range of sources within a company and used to guide management decisions.

Extract transform load (ETL)

The process of extraction, transformation and loading during database use, but particularly during data storage use. It includes the following sub-processes: Retrieving data from external data storage or transmission sources.

Data Mart

A data mart is the access layer of the data warehouse environment that is used to get data out to the users. The data mart is a subset of the data warehouse and is usually oriented to a specific business line or team.

Metadata

A set of data that describes and gives information about other data.

Query and Report

A database report is the formatted result of database queries and contains useful data for decision-making and analysis.

what a user of a search engine or database enters is sometimes called the query. Languages used to interact with databases are called query languages, of which the Structured Query Language (SQL) is the well-known standard.

Executive Information System (EIS)/Executive Support System (ESS)

An executive information system (EIS), also known as an executive support system (ESS), is a type of management information system that facilitates and supports senior executive information and decision-making needs. It provides easy access to internal and external information relevant to organizational goals.

Financial Reporting

Financial reporting includes the following: the external financial statements (balance sheet, income statement, statement of cash flows, and statement of stockholders’ equity) the notes to the financial statements. press releases and conference calls regarding quarterly earnings and related information.

OLAP

OLAP is an acronym for Online Analytical Processing. OLAP performs multidimensional analysis of business data and provides the capability for complex calculations, trend analysis, and sophisticated data modeling.

Digital Cockpits and Dashboard

Digital dashboard evolved from executive information system, which were information systems designed specifically for the information needs of top executives. A digital dashboard (also called an executive dashboard or a management cockpits) provides rapid access to timely information and direct access to management reports. It is very user friendly and is supported by graphics. Of special importance, it enables managers to examine exception reports and drill down reports.

Scorecards and Dashboard

Both dashboards and scorecards help organizations monitor and manage performance by measuring progress against set targets.  The way they are used, however, and how they achieve these goals differ.  When organizations choose a scorecard or dashboard, they should consider the purpose of use, types of information to be monitored, and the focus on long-term and strategic, versus more immediate goals.  Overall, certain visualizations and the development of key metrics can make it more difficult to distinguish between the two because both might look similar even though they aim to achieve different outcomes.

Workflow

the sequence of industrial, administrative, or other processes through which a piece of work passes from initiation to completion.

Alerts and Notification

An alert/notification is sent to the user currently on-call when an incident is triggered.

Data and Text Minning

Data minning the practice of examining large databases in order to generate new information. text data mining, roughly equivalent to text analytics, refers to the process of deriving high-quality information from text. High-quality information is typically derived through the devising of patterns and trends through means such as statistical pattern learning.

Predictive Analytics

The branch of the advanced analytics which is used to make predictions about unknown future events. Predictive analytics uses many techniques from data mining, statistics, modeling, machine learning, and artificial intelligence to analyze current data to make predictions about future.

Portal

Communicating part or area of an organism

Business Intelligence Architecture

A datawarehouse with its source data.

Business analytics a collection of tools for manipulating, minning, and analyzing performance.

Business performance management for monitoring and analyzing performance.

A user interface (e.g., Dashboard,etc)

High Level Architecture of Business Intelligence

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References : Google,Wikipedia,Course Material of BI from Mr.Valentinus

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