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Despite all the interest and investments, not all BI initiatives live up to management’s
expectations. We submit that failures occur when organizations make BI adoption
decisions without a clear understanding of the critical BI capabilities that define the
success of BI applications. BI capabilities are critical functionalities that help an
organization improve its performance and adapt to environmental change This range
from data reliability to the flexibility of the BI in decision making support. As
organizations take advantage of these capabilities, their BI use increases, as does the
value derived from BI applications .In this study, we examine the relationship between
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various BI capabilities and user satisfaction with BI to provide a snapshot of the role of
BI capabilities in BI success.
Content Analysis
The term Business Intelligence (BI) alludes to advances, applications, and hones
collection, integration, examination, and introduction of business data. The reason for
Commerce Insights is to bolster superior trade choice making. Trade Insights
frameworks are data-driven Decision Support Systems (DSS). Business Intelligence is
now and then utilized traded with briefing books, reports and inquiry instruments, and
official data frameworks.
Business Intelligence frameworks give authentic, current, and prescient sees of
commercial operations, most frequently utilizing information that has been assembled
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into an information stockroom or an information shop and sometimes working from
operational information.
Data analytics:
Data analytics (DA) is that the strategy of analyzing information sets to conclude the
data they contain, continuously with the assistance of particular frameworks and
computer program bundle. Information Analytics strategies are generally utilized in IT
Companies to improve the associations to make more-information organization
choices and by researchers and analysts to test or diverse logical models, standards,
and information.
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BUSINESS INTELLIGENCE DATA ANALYTICS
Key skills for business intelligence are Key skills for a data analysis A tall level of
Data collection and Management, Data scientific ability, Programming languages,
Stockroom concepts, Understanding of such as SQL, Oracle, and Python, The
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BUSINESS INTELLIGENCE DATA ANALYTICS
Q2. EXPLAIN ANY FIVE (5) POPULAR BUSINESS INTELLIGENCE (BL) TOOLS
USED BY BUSINESS ANALYSTS.
3. Micro Strategy is an enterprise business intelligence tool that offers powerful (and
high speed) dash boarding and data analytics, cloud solutions and hyperactive
intelligence. With this solution, users can identify trends, recognize new opportunities,
and improve productivity and more. Users can also connect to one or various sources,
whether the incoming data is from a spreadsheet, cloud-based or enterprise data
software. It can be accessed from your desktop or via mobile. Setup, however can
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involve multiple parties and some rather extensive knowledge of the application in order
to get started.
4. While SAS’ most popular offering is its advanced predictive analytics; it also
provides a great business intelligence platform. This well-seasoned self-service tool,
which was founded back in the 1970s, allows users to leverage data and metrics to
make informed decisions about their business. Using their set of APIs, users are
provided with lots of customization options, and SAS ensures high-level data integration
and advanced analytics & reporting. They also have a great text analytics feature to
give you more contextual insights into your data.
Data Mining is used to extract useful information and patterns from data. The data
mining can be carried with any traditional database, but since a data warehouse
contains quality data, it is good to have data mining over the data warehouse system.
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Data Mining supports knowledge discovery by finding hidden patterns and associations,
constructing analytical models, performing classification and prediction.
Let us understand the Difference between Data Warehousing and Data Mining in
detailed
Key Features
1. Data Warehouse:
Data Mining:
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The key features of Data mining are discussed below:
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Extraction:
The first step of the ETL process is extraction. In this step, data from various source
systems is extracted which can be in various formats like relational databases, No
SQL, XML, and flat files into the staging area. It is important to extract the data from
various source systems and store it into the staging area first and not directly into the
data warehouse because the extracted data is in various formats and can be
corrupted. Hence loading it directly into the data warehouse may damage it and
rollback will be much more difficult. Therefore, this is one
Transformation:
The second step of the ETL process is transformation. In this step, a set of rules or
functions are applied on the extracted data to convert it into a single standard format.
It may involve following processes/tasks:
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Sorting – sorting tuples on the basis of some attribute (generally key-attribute)
Of the most important steps of ETL process
Loading:
The third and final step of the ETL process is loading. In this step, the transformed
data is finally loaded into the data warehouse. Sometimes the data is updated by
loading into the data warehouse very frequently and sometimes it is done after
longer but regular intervals. The rate and period of loading solely depends on the
requirements and varies from system to system.
Note
ETL process can also use the pipelining concept i.e. as soon as some data is
extracted, it can transformed and during that period, some new data can be
extracted. In addition, while the transformed data is being loaded into the data
warehouse, the already extracted data can be transformed. The block diagram of the
pipelining of ETL process is shown below:
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Powerful transaction-oriented information systems are now commonplace in every
major industry, effectively leveling the playing field for corporations around the world.
To remain competitive, however, now requires analytically oriented systems that can
revolutionize a company’s ability to rediscover and utilize information they already own.
The business intelligence (BI) has evolved over the past decade to rely increasingly on
real time data. The BI systems auto-initiate actions to systems based on rules and
context to support several business processes. These analytical systems derive insight
from the wealth of data available, delivering information that’s conclusive, fact based,
and actionable. Enterprises today demand quick results. It is becoming essential
nowadays that not only is the business analysis done, but also actions in response to
analysis of results can be performed and instantaneously changes parameters of
business processes. The paper explored the concepts of BI, its components, benefits of
BI, technology requirements, designing and implementing business intelligence, and
various BI techniques.
Recommendation
To be useful, BI must seek to increase the accuracy, timeliness, and amount of data.
These requirements mean finding more ways to capture information that is not already
being recorded, checking the information for errors, and structuring the information in a
way that makes broad analysis possible.
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Some of the insights emerging from big data have companies scrambling to capture
everything,
Data analysts can usually filter out sources to find a selection of data points that can
represent the health of a process or business area as a whole. This can reduce the need
to capture and reformat everything for analysis, saving analytical time and increasing
the reporting speed.
Reference
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