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What are organizations always looking for
competitive advantage
comprehensive and integrated decision support framework within organizations
Business intelligence
how do organizations grow and prosper
They gain a better understanding of their environment. Tracking daily transactions and analyzing company data
How do orgs address multilevel decisions support needs
creating autonomous applications for particular groups of users
What is growing that makes us need in depth data analysis
data
how do we define business intelligence
an umbrella term that includes many things
applications
Infrastructure
Tools
Best practices
Business intelligence
enables access to an analysis of information to improve and optimize decisions nad performance
business intelligence offers a framework that allows a business to transform
data to information
Information to knowledge
Knowledge to wisdom
B.I. Architectural components
ETL tools
Data store
Query and reporting
Data visualization
Data monitoring and alerting
Data analytics
how is data generated
from every action taken on every internet enabled device, its only growing
how old is 90% of our data
2 years old
what is there a growing demand of
fluency in areas like data analytics across entire companies and industries
forms of unstructured data
documents
Audio files
Image files
Online and offline
how is the effectiveness of BI determined
the quality of data gathered at the operational level
what level is BI used in orgs?
strategic and tactical managerial levels
is operational data used to support decision tasks?
seldomly
operational data is used for
capturing daily business and transactions
Decision support data gives
tactical and strategic business meaning to the operational data
how does decision support data differ from operational data
time span
Granularity (level of aggregation)
Dimensionality
database scheme
must support complex nonnormalized data representations
Data must be aggregated and summarized
Queries must be able to extract multidimensional time slices
data extraction and filtering
allow batch and scheduled data extraction
Support different data sources and check for inconsistent data or data validation rules
Encourage advanced integration, aggregation, and classification
database size
very large databases
Advanced storage technologies
Multiple processor technologies
decision support database requirements
database schema
Data extraction and filtering
Database size
data mart difference from data warehouse
small single subject data warehouse subset
Provides decision support to a small group of people
what do relational databases use to map decision support data
star schema
star schemas representation
facts and dimensions represented by physical tables in data warehouse database
what is the technology behind many BI applications
online analytical processing (OLAP)
what can olap do
Multidimensional analysis of business data, provides the ability forComplex calculations, trend analysis, and sophisticated data modeling
OLAP characteristics
Multidimensional data analysis techniques
Advanced database support
Easy-to-use end-user interfaces
LAP Architecture has 3 main components
GUI
Analytical processing
Data processing
SQL OLAP Extensions
ROLLUO
CUBE
GROUPING
RANKING
WINDOWING
STATISTICAL
ROLLUP
used with group by clauses to generate aggregates by different dimensions
How does data analytics component perform data analysis and store data
using the data in the data store
data store
encompasses a wide range of mathematician statistical and modeling techniques with the purpose of extracting knowledge from data
Explanation analytics
focus on discovering and explaining data characteristics and relationships based on existing data
Predictive analytics
focuses on predicting future data outcomes with high degree of Accuracy
data mining
focuses on analyzing massive amounts of data to uncover hidden trends pattterns and relationship
data visualization component
presents data to the end users in a variety of meaningful and innovative ways
roots in cognitive science
how the human brain eceives, interprets, organizes, and processes information - Pattern recognition, Spatial awareness, Aesthetics