CHS_withFigures - Chapter S THE ESSENTIALS OF BUSINESS...

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Chapter S THE ESSENTIALS OF BUSINESS INTELLIGENCE
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Origins and Drivers of Business Intelligence Organizations are being compelled to capture, understand, and harness their data to support decision making in order to improve business operations Business cycle times are now extremely compressed; faster, more informed, and better decision making is therefore a competitive imperative Managers need the right information at the right time and in the right place
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General Process of Intelligence Creation and Use To be successful in today’s business environment, enterprises must: Assess their readiness for meeting the challenges posed by these new business realities Take a holistic approach to BI functionality Leverage best practices and anticipate hidden costs
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General Process of Intelligence Creation and Use Key questions as a framework for BI analysis: How can enterprises maximize their BI investments? What BI functionality do enterprises need, and what are they using today? What are some of the hidden costs associated with BI initiatives?
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General Process of Intelligence Creation and Use
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General Process of Intelligence Creation and Use Intelligence creation and use and BI governance BI governance Project prioritization process Issues for the BI governance team is to address the following: Creating categories of projects Defining criteria for project selection Determining and setting a framework for managing project risk Managing and leveraging project interdependencies Continually monitoring and adjusting the composition of the portfolio
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Major Characteristics of Business Intelligence Business intelligence is NOT transaction processing Online analytical processing (OLAP) An information system that enables the user, while at a PC, to query the system, conduct an analysis, and so on. The result is generated in seconds
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of Business Intelligence The information factory view Enterprise information factory as a way to describe how companies conduct and organize BI efforts. A cornerstone component of that factory
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CHS_withFigures - Chapter S THE ESSENTIALS OF BUSINESS...

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