MSG Team's other articles

9050 The Economic Effect of the American Deep Freeze

In the beginning of 2019, America has been hit by a weather phenomenon known as the Polar Vortex. This phenomenon has brought chilly winds and freezing temperatures to the United States. In many parts of the country like Chicago, the temperatures have hit historic lows and were close to -50 degrees! The daily life of […]

12587 Business Process Reengineering and Best Practices

Enterprise Resource Planning (ERP) and Business Process Re-engineering (BPR) evolved almost at the same time i.e. 1st half of 1990. Both relates to radical redesign of an organization at a relatively short period. Both are having the primary intend to optimize workflow and improve productivity. But, the chicken and egg question remained, whether an organization […]

9368 Introduction to Flow Chart as BPI Tool

Business Process Improvement programs have become the major tools for Organizations to keep working on their internal operations to enhance the operational efficiencies, to implement new processes in line with business requirement and to eliminate redundancies and wastage. When the Organizations used to be managed and run based on hierarchy and centralized decision making, the […]

10064 Japanese View on Business Process Management

While Fredrick Taylor’s scientific management had help create huge American corporations that were quick to adopt the viewpoint, the 1970’s saw the emergence of Japanese corporations. These corporations were very small at the end of World War-2 when Japan had been economically devastated. However within two decades, a group of Japanese companies completely turned the […]

11601 The Trade Deal between America and Mexico

American President Donald Trump had been holding his guns against the Mexican government for a very long time. In fact ever since Trump was a Presidential candidate, he has accused Mexico of being a parasite and has threatened aggressive measures against the southern neighbours. These threats issued by America were met with an equally rude […]

Search with tags

  • No tags available.

Introduction

Business intelligence is an important to ensure the following:

  • Various decision-makers and analyst have a direct and un-interrupted access to data. The data been used across the organization should be non-disputable.
  • Decision makers spend their time analyzing the data rather than collecting and formatting them.
  • Decision makers are able to focus their energy in improving the business process rather than searching for data across systems.
  • Decision makers can instantaneously carry out what if analysis without much manual intervention.
  • Data management is done from enterprise perspective rather than at a departmental level.
  • Data is considered as a strategic resource rather than as an input for business intelligence process.
  • Business forecast is used supply and demand side of business users.
  • Majority of the decision-making process is done through an automated process.
  • Data is shared effortlessly within the company.
  • Reports generated utilize primary and secondary data without any additional efforts.

For business intelligence to ensure the above it is necessary that it has a robust architecture. Business intelligence architecture is divided into six critical elements’ data management, transformation tools and processes, data repositories, application tools for analysis, presentation tools and operational processes.

  1. Data Management

    For to achieve data integrity following points need to be addressed. The 1st major point organization is the need of the data. The organization must come to agreement that a particular analytics will provide competitive advantage and enhance business performance.

    The next question which needs to be addressed is the source of the information. This sourcing of data can be from enterprise itself, or it may be from the external sources. If the source is within the organization than it is essential there is a common platform for all flow of information.

    The next question is the quantity of the data. Since there is large volume of data available, based on the required company should gather data to have a normalized business behavior.

    The next question is to make data valuable, once that is determined data management comes from the picture, i.e. acquisition of data to retirement of data.

  2. Transformation Tools

    The required data needs to undergo ETL process. ETL process consists of extracting data, transforming the data and loading the data. The process extracting data from the repository is a straight-forward process. However, validation and cleansing of data is a difficult task. This validation and cleansing of data is done through various well established business rules. Transformation of data involves converting the data to standardized form.

  3. Data Repositories

    Organization can store data through data warehouses. Data warehouse sometime has data mart, which is a partition to handle single business function. A metadata repository is used to store data definition and technical information.

  4. Analytical Tools and Presentation

    There are several business tools available on the market, but it is essential to identify what it intends to do with the data and then choose the tool.

  5. Presentation Tools and Applications

    Business intelligence can only work if end users are able to make sense out of that data. Presentation tools should allow the users to manipulate complex data into to ad hoc reports for company-wide distribution.

  6. Operational Process

    Operational Process determines how data management and business intelligence is to be implemented within the organization. It deals with the question how the organization creates manages data and different applications.

Article Written by

MSG Team

An insightful writer passionate about sharing expertise, trends, and tips, dedicated to inspiring and informing readers through engaging and thoughtful content.

Leave a reply

Your email address will not be published. Required fields are marked *

Related Articles

Components of Commercial Value Chain

MSG Team

The Changing Face of Business Environment

MSG Team