Introduction To Business Intelligence And Decision Support System

Introduction To : Business Intelligence And Decision Support System MS 204/U 1/L 1/Ashima

What is Business Intelligence (BI) Definitions: Business Intelligence (BI) refers to skills, processes, technologies, applications and practices used to support decision making. Business Intelligence is a broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help clients make better business decisions. A system that collects, integrates, analyses and presents business information to support better business decision making. MS 204/U 1/L 1/Ashima

What is BI (continued) Business Intelligence enables the business to make intelligent, fact-based decisions. Aggregate Database, Data Mart, Data Warehouse, Present Data Reporting Tools, Dashboards, Static Reports, Mobile Reporting, Enrich Data Add Context to Create Information, Descriptive Statistics, Benchmarks, MS 204/U 1/L 1/Ashima Inform a Decisions are Fact-based and Data-driven

Data Warehouse • Large Database • Subject-Oriented • Integrated • Nonvolatile • User-Friendly Interface MS 204/U 1/L 1/Ashima

Data Marts • Mini data warehouses • Hold subsets of data from the data warehouse • Data focuses on a specific aspect of the company MS 204/U 1/L 1/Ashima

What is BI (continued) Improving organizations by providing business insights to all employees leading to better, faster, more relevant decisions MS 204/U 1/L 1/Ashima

Business Intelligence Expert Systems Reporting Knowledge Management Data Mining MS 204/U 1/L 1/Ashima

Reporting • Reporting means collecting and presenting data so that it can be analyzed Benefits of Reporting : • • • Collecting and presenting data ready to be analyzed, including historical data that can be tracked over time Empowering end-users with the knowledge to become experts in their area of business Having the underlying figures to back up actions, explain decisions MS 204/U 1/L 1/Ashima

Data Mining • software that searches through data • Search hidden information from data • Techniques : v Associations v Sequence MS 204/U 1/L 1/Ashima

Knowledge Management • KM is about making the right knowledge available to the right people. • Creating Value from Intellectual Property • Sharing Knowledge with Others MS 204/U 1/L 1/Ashima

Expert Systems • A computer application that performs a task that would otherwise be performed by a human expert. For example, there are expert systems that can diagnose human illnesses, make financial forecasts, and schedule routes for delivery vehicles. Some expert systems are designed to take the place of human experts, while others are designed to aid them. MS 204/U 1/L 1/Ashima

Expert Systems MS 204/U 1/L 1/Ashima

Thank you !! • Questions ? ? MS 204/U 1/L 1/Ashima