Professional Documents
Culture Documents
&
Data Analytics (DA)
What is Business Intelligence (BI)
Business Intelligence (BI) refers to skills, processes, technologies, applications and
practices used to support decision making.
Systems that provide directed background data and reporting tools to support and
improve the decision-making process.
What is Business Intelligence (BI) ?
• Business Intelligence is a broad category of applications and technologies for
gathering, storing, analysing, and providing access to data to help clients make better
business decisions.
Database, Data Mart, Data Reporting Tools, Add Context to Create Decisions are Fact-based
Warehouse, ETL Tools, Dashboards, Static Information, Descriptive and Data-driven
Integration Tools Reports, Mobile Reporting, Statistics, Benchmarks,
OLAP Cubes Variance to Plan
What is BI (continued)
Improving organizations by providing
business insights to all employees leading to
better, faster, more relevant decisions
Performance
Usability
1. Cloud computing
2. Virtualization
3. Mobile technologies
4. IT Management
5. Business Intelligence
6. Networking, voice and data communications
7. Enterprise applications
8. Collaboration technologies
9. Infrastructure
10. Web 2.0
Source: Gartner’s 2011 CIO Agenda (aka “Reimagining IT: The 2011 CIO Agenda”).
Why is Business Intelligence So Important?
Time
Data Opinion
(Best Professional
Judgment)
Making Business
Decisions is a Balance
In the absence of data, business decisions are often made by the HiPPO.
With Business Intelligence, we can get data to you in a timely manner.
Major BI Trends
Mobile
Cloud
Social Media
Advanced Analytics
What BI technologies are the most important to your organization?
1. Predictive Analytics
2. Visualization/Dashboards
3. Master Data Management
4. The Cloud
5. Analytic Databases
6. Mobile BI
7. Open Source
8. Text Analytics
BI Today vs Tomorrow
“BI today is like reading the newspaper”
BI reporting tool on top of a data warehouse that loads nightly and produces
historical reporting
Text Analytics
Customer Segmentation/Clustering
Inventory Forecasting
Amazon.com and NetFlix
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What Is Text Analytics?
Text Analytics is :
… a set of linguistic, statistical, and machine learning
techniques that model and structure the information
content of textual sources for business intelligence,
exploratory data analysis, research, or investigation
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Unstructured Text Processing
Facebook
Page
Twitter
Page Customer’s
Survey
Comments
Call
Center Services
Notes,
Quality Cost Friendliness
Voice
Competitors’
Facebook
Public Web Sites,
Pages
Discussion Boards,
Email
Product Reviews
Blogs Alerts,
Adhoc Real-time
Feedback Action
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BI Technologies
Analytic Databases
For example, a user can request that data be analyzed to display a spreadsheet
showing all of a company's beach ball products sold in Florida in the month of July,
compare revenue figures with those for the same products in September, and then
see a comparison of other product sales in Florida in the same time period.
OLAP software can locate the intersection of dimensions (all products sold in the
Eastern region above a certain price during a certain time period) and display them.
Data Warehouse
physical or logical.
Data Mining
Data mining is sorting through data to identify patterns and establish
relationships.
Data mining parameters include:
Association - looking for patterns where one event is connected to another
event
Sequence or path analysis - looking for patterns where one event leads to
another later event
Classification - looking for new patterns (May result in a change in the way
the data is organized but that's ok)
Clustering - finding and visually documenting groups of facts not previously
known
Forecasting - discovering patterns in data that can lead to reasonable
predictions about the future (This area of data mining is known
as predictive analytics.
What is Big Data?
Data Analytics
Data Analytics
Data analytics (DA) is the science of examining raw data with the
purpose of drawing conclusions about that information. Data
analytics is used in many industries to allow companies and
organization to make better business decisions and in the sciences to
verify or disprove existing models or theories.
Differences between Business Intelligence and Advanced Analytics
Types of Business Intelligence Tools
Spreadsheets
Reporting and querying software
OLAP: Online analytical processing
Digital dashboards
Data mining
Process Visualization
Data warehousing
Local information systems
Link for latest tools available in market
http://bigdata-madesimple.com/top-business-intelligence-bi-tools-in-the-
market/
Assignment # 01
How BI and DA are helpful to minimize Supply
Chain Risks?