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01-Unit1 - Business Intelligence and Tools Unit 1 Unit 1...

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Business Intelligence and Tools Unit 1 Sikkim Manipal University Page No. 1 Unit 1 Introduction to Business Intelligence (BI) Systems Structure 1.1 Introduction Objectives 1.2 A Business Intelligence (BI) System Self Assessment Question(s) (SAQs) 1.3 Delivering the Business Value through a BI System Self Assessment Question(s) (SAQs) 1.4 The Business Dimensional Lifecycle 1.4.1 Project Planning 1.4.2 Project Management 1.4.3 Revising the Project Planning Self Assessment Question(s) (SAQs) 1.5 Roles in a BI Project 1.5.1 Future of BI Systems Self Assessment Question(s) (SAQs) 1.6 Summary 1.7 Terminal Questions (TQs) 1.8 Multiple Choice Questions (MCQs) 1.9 Answers to SAQs, TQs, and MCQs 1.9.1 Answers to Self Assessment Questions (SAQs) 1.9.2 Answers to Terminal Questions (TQs) 1.9.3 Answers to Multiple Choice Questions (MCQs) 1.1 Introduction Discovering the patterns and trends in massive data available within the organization is one of the grand challenges of the organizations in the current information age. In the book, “Business @ the Speed of Thought: Using a Digital Nervous System,” Bill Gates states that the most meaningful way to differentiate one’s organization from its competitors is to do an
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Business Intelligence and Tools Unit 1 Sikkim Manipal University Page No. 2 outstanding job with information. In the 1990s, organizations around the globe made huge investments in legacy systems that resulted in the accumulation of large amounts of data with the organizations. But these systems were mainly concentrated on producing the traditional type ‘row- column reports'. These are the “track and trace” type reports and so organizations find it difficult to generate reports across different functional areas. Manager’s lack of multidimensional perspective and the difficulty to gain access to the organizational information paved the way for the development of Business Intelligence tools. In this scenario, organizations are now focusing on designing and building the Business Intelligence systems with an objective to effectively manage the organization’s data, information and enable the organization to gain competitive advantage over its competitors. Objectives The objectives of the Unit are: The purpose of a Business Intelligence system in an Organization The process to deliver the business value through the BI System The Business Dimensional Lifecycle approach to study a BI System Roles involved in implanting a BI project The future scenario of BI systems 1.2 A Business Intelligence (BI) System Business Intelligence (BI) is a generic term used to describe leveraging the organizational internal and external data, information for making the best possible business decisions. The field of Business intelligence is very diverse and comprises the tools and technologies used to access and analyze various types of business information. These tools gather and store the data and allow the user to view and analyze the information from a wide variety of dimensions and thereby assist the decision-makers make better business decisions. Thus the Business Intelligence (BI) systems and tools
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