= Computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes.
- BI is not a an information system but rather a tool.
BI consists of:
- Architectures
- Tools
- Database
- Applications
- Methodologies
Common functions of BI:
- reporting
- online analytical processing
- analytics
- data mining
- business performance management
- benchmarking
- text mining
- predictive analytics
Dashboard
- Tend to Balance Scorecard as a tool to help analyzing business' performance.
- KPI (Key Performance Indicator) is needed.
- Monitoring is required in all 3 levels.
- Operational dashboard
- Tactical dashboard
- Strategic dashboard
Business Performance Management (BPM)
= A set of management and analytic processes that enable the management of an organisation's performance to achieve one or more pre-selected goals.
- If data is in a form of multi-dimentional data or "Data cube", it will be possible to slice-and-dice.
Main activities:
- selection of goals
- consolidation of measurement information relevant to an organisation’s progress against these goals
- interventions made by managers in light of this information with a view to improving future performance against these goals
Online Analytical Processing (OLTP)
= a methodology to provide end users with access to large amounts of data in an intuitive and rapid manner to assist with deductions based on investigative reasoning.
Data Mining
= the process of analyzing data from different perspectives and summarizing it into useful information - information that can be used to increase revenue, cuts costs, or both.
Yield from data mining:
- Clustering
- Classification
- Association
- Sequence discovery
- Prediction
By... Pornpitra Sithiprasasana 5302115224
