BUSINESS INTELLIGENCE

AN OVERVIEW:-

BI is any activity, tool, or process used to obtain the best information to support the process of making decisions.

Business intelligence is essentially timely, accurate, high-value, and actionable

business insights, and the work processes and technologies used to obtain them.

What is Business Intelligence?

Business Intelligence is the processes, technologies, and tools that help us change data into information, information into knowledge and knowledge into plans that guide organization

Technologies for gathering, storing,analyzing and providing access to data tohelp enterprise users make better businessDecisions Cont…

CONT….

business Intelligence typically refers to variety of software applications used to analyze heaps of raw data into legible and comprehensible information , to make better informed decisions

Understanding BI

The use of business intelligence tool is to make use of regular information, formatted just right up to the business requirements

Where do we normally find BI:- A cash machine receipt, or a mobile

phone bill, credit card statement etc… providing very structured template provided to end user

Why BI?

5

• What happened?• What is happening?• Why did it happen?• What will happen?• What do I want to happen?

Past

Present

Future

BI as using data about yesterday and today to make better decisions about tomorrow

Understand your Business

Understand your business in brand new ways by: Consolidating relevant data from multiple sources into

a single application Exploring the associations in your data Enabling social decision making through secure, real-

time collaboration Visualizing data with engaging, state-of-the-art

graphics Searching across all data—directly and indirectly Interacting with dynamic apps, dashboards and

analytics Accessing, analyzing and capturing data from mobile

devices

The characteristics of a Business intelligence solution

Single point of access to information Timely answers to Business questions Using BI in all Departments of an

organization

Key Stages of BI

Data SourcingData Analysis

Situation Awareness

Risk AnalysisDecision Support

BI applications and technologies can help companies analyze:

changing trends in market share

changes in customer behavior and spending

patterns

customers' preferences

company capabilities

market conditions

Significance of BI…

Companies need to have accurate, up-to-date information on customer preferences ,

So that company can quickly adapt to their changing demands

BI applications can also help managers to be better informed about actions that a company’s competitors are taking

It help analysts and managers to determine which adjustments are mostly likely to respond to changing trends

IT can help companies develop a more consistent,data-based decision,which can produce better results than making business decisions by “guesswork”

MODULES

Dashboards Key Performance Indicators Graphical OLAP Forecasting Graphical Reporting

MODULE DESCRIPTION Dashboards –

BI dashboards can provide a customized snapshot of daily operations, and assist the user in identifying problems and the source of those problems, as well as providing valuable, up-to-date information about financial results, sales and other critical information – all in one place

Main Six features

1. Executive dashboards:2. Location Intelligence:3. “What if” analysis:4. Interactive reports:5. Meta data layer:6. Ranking reports

Qlikview Dashboards

Location intelligence

What if Analysis Cont…

What if Analysis

What if” analysis allows businesses to assess the potential effects of critical business decision before they’re actually made. Using existing data, users can formulate strategies to achieve business targets and avoid the default “hit and miss” approach. This helps management undertake accurate strategic planning.

Interactive repots

Interactive reports help users convert data into knowledge. They allow users to better understand the analysis within reports, and the underlying data those reports are based on, to support better decision-making. User should be able to:

Drill down and through reports Conduct slice and dice OLAP analysis Apply analysis such as moving averages and

regression to highlight trends in data Use time-series zooming to scan large data sets to

understand anomalies in their data Use conditional formatting to set data alerts which

highlight data exceptions

Meta data layer

A meta data layer makes reporting easy and eliminates the need for coding and SQL, allowing users and report writers to see and access information in simple business language. Users solely interact with data at the meta data level without having to comprehend the complexities of the underlying data

Ranking reports

This feature allows you to create reports that order specific categories of information, from across multiple dimensions, by selecting specific criteria. Ranking reports let you view the best and worst performing aspects of your business. For example, you could create a report that ranks your 10 best selling products, regions or sales people.

Reports –

BI Reports delivers web-based BI reports to anyone (or everyone) in the organization within minutes! The BI suite is simple to use, practical to implement and affordable for every organization. With our BI reporting and performance reporting module, you just point-and-click and drag-and-drop and you can instantly create a report to summarize your performance metrics, or operational data

HANK YOU……….