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MI0027

MI0027

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Published by: chitradeepd09 on Dec 12, 2010
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01/03/2011

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 Assignment: MBA – SEM IIISubject Code: MI0027Business Intelligence and ToolsSet I
 
Question 1
: (i) What do you understand by Business Intelligence System? Whatare the different steps in order to deliver the Business Value through a BISystem?(ii) Discuss the characteristics of a Data warehouse and analyze how thedevelopment of a Data warehouse helps you in managing various functions inyour organizations.
Answer: (i)
Business Intelligence (BI)
is a generic term used to describeleveraging the organizational internal and external data, information for makingthe best possible business decisions. The field of Business Intelligence is verydiverse and comprises the tools and technologies used to access and analyzevarious types of business information. These tools gather and store the data andallow the user to view and analyze the information from a wide variety of dimensions and thereby assist the decision-makers make better businessdecisions.In simple terms, Business Intelligence is an environment in which business usersreceive reliable, consistent, meaningful and timely information. This dataenables the business users conduct analyses that yield overall understanding of how the business has been, how it is now and how it will be in the near future.Also, the BI tools monitor the financial and operational health of the organizationthrough generation of various types of reports, alerts, alarms, key performanceindicators and dashboards. Some examples of BI systems include
DecisionSupport Systems (DSS), Executive Information Systems (EIS),Multidimensional Analysis Software or OLAP (On-Line AnalyticalProcessing) tools and Data Mining tools.
 The manager of a BI system has to take care of the following steps in order todeliver the intendedbusiness value:
Step 1: Ensuring strong business partnership
Developing a strong business sponsorship is the first step to start a BI project. Your business sponsors will take a lead role in determining the purpose, contentand priorities of the system and so the business sponsors are expected to havethe following skills:
Visionary
Resourceful
ReasonableStep 2: Defining organizational-level business requirements
 The long-term goal of a BI system is to build an organizational-wide informationinfrastructure. This cannot be done unless the BI system developing teamunderstands the business requirements at an organizational level. Thus theprocess of understanding the organizational-level business requirementsincludes the following steps:
Establishing the initial project scope
Interviewing the BI system stakeholders
Gathering the organizational level business requirements
Preparation of an overall Requirements document

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