This document discusses business intelligence (BI), defining it as a set of rules to transform raw data into meaningful and useful business information. It outlines some common BI functions like querying, reporting, and analytics. It also discusses key aspects of implementing a successful BI solution like ensuring business sponsorship, accurately assessing business needs, and having sufficient high quality data available. Finally, it touches on challenges of dealing with unstructured or semi-structured data which makes up over 85% of business information.
This document discusses business intelligence (BI), defining it as a set of rules to transform raw data into meaningful and useful business information. It outlines some common BI functions like querying, reporting, and analytics. It also discusses key aspects of implementing a successful BI solution like ensuring business sponsorship, accurately assessing business needs, and having sufficient high quality data available. Finally, it touches on challenges of dealing with unstructured or semi-structured data which makes up over 85% of business information.
This document discusses business intelligence (BI), defining it as a set of rules to transform raw data into meaningful and useful business information. It outlines some common BI functions like querying, reporting, and analytics. It also discusses key aspects of implementing a successful BI solution like ensuring business sponsorship, accurately assessing business needs, and having sufficient high quality data available. Finally, it touches on challenges of dealing with unstructured or semi-structured data which makes up over 85% of business information.
WHAT IS BUSINESS INTELLIGENCE? It is a set of rules to transform raw data into meaningful and useful information for business purposes. Some of its common functions are: Querying Reporting Online Analytic Processing (OLAP) Business Analytics
COMMON FUNCTIONS OF BI APPLICATIONS Measurement- Helps to create performance metrics and standards to estimate progress towards stated objectives Analytics- Builds quantitative processes to arrive at optimal decisions Reporting- Helps in building infrastructure for strategic management Collaboration- Through data sharing it sets a common platform to enable different areas to work together Knowledge Management- Establishes strategies and practices to drive company data
BI HIERARCHY Business Sponsorship This defines the extent of commitment and sponsorship of senior management. The Management sponsor should be able to take accountability in case of a failure. Multiple Managers increase efficiency but also steer the project in different directions. Business Needs To evaluate the exact depth of Business need and the extent of Business benefit from the implementation . Companies that implement BI are often large, multinational organizations with diverse subsidiaries. A well-designed BI solution provides a consolidated view of key business data not available anywhere else in the organization Amount and quality of available data Access to high quality data is mandatory for the proper implementation of BI. This should be done as early as possible in the process and if the analysis shows that data is lacking, put the project on the shelf temporarily while the IT department figures out how to properly collect data. BI SOLUTIONS ARCHITECTURE Meaning:
Primary access interface for Data Warehouse and Business Intelligence applications
Browser application which the user uses to access all the individual services of the DW/BI system FEATURES OF GOOD BI PORTAL A navigation system of the DW/BI application, should provide an access to all the functions of DW/BI Customized as per the requirements of the business so that the customer requirements are met Easy to use and understand Should be content rich and should contain more functionality such as advice, help, support information and documentation Should be updated regularly. Should provide value to the user SEMI STRUCTURED OR UNSTRUCTURED DATA
These are valuable information in the form of e-mails, memos, notes from call-centers, news, user groups, chats, reports, web-pages, presentations, image-files, video-files, and marketing material and news.
More than 85% of all business information exists in these forms. PROBLEM WITH UNSTRUCTURED DATA Because of the difficulty of properly searching, and accessing unstructured or semi-structured data, organizations may ignore these vast reservoirs of information while taking important decisions.
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