Business Intelligence and ToolsUnit 1 Sikkim Manipal UniversityPage No. 1Unit 1Introduction to BusinessIntelligence (BI) SystemsStructure1.1IntroductionObjectives1.2A Business Intelligence (BI) SystemSelf Assessment Question(s) (SAQs)1.3Delivering the Business Value through a BI SystemSelf Assessment Question(s) (SAQs)1.4The Business Dimensional Lifecycle1.4.1Project Planning1.4.2Project Management1.4.3Revising the Project PlanningSelf Assessment Question(s) (SAQs)1.5Roles in a BI Project1.5.1Future of BI SystemsSelf Assessment Question(s) (SAQs)1.6Summary1.7Terminal Questions (TQs)1.8Multiple Choice Questions (MCQs)1.9Answers to SAQs, TQs, and MCQs1.9.1Answers to Self Assessment Questions (SAQs)1.9.2Answers to Terminal Questions (TQs)1.9.3Answers to Multiple Choice Questions (MCQs)1.1 IntroductionDiscovering 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
has intentionally blurred sections.
Sign up to view the full version.
Business Intelligence and ToolsUnit 1 Sikkim Manipal UniversityPage No. 2outstanding 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.ObjectivesThe objectives of the Unit are:The purpose of a Business Intelligence system in an OrganizationThe process to deliver the business value through the BI SystemThe Business Dimensional Lifecycle approach to study a BI SystemRoles involved in implanting a BI projectThe future scenario of BI systems1.2 A Business Intelligence (BI) SystemBusiness 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
This is the end of the preview.
access the rest of the document.