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a quick intro how BI works
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BUSINESS INTELLIGENCE
AN OVERVIEW:-
BI is any activity, tool, or process used to obtain the best information to support the process of making decisions.
Business intelligence is essentially timely, accurate, high-value, and actionable
business insights, and the work processes and technologies used to obtain them.
What is Business Intelligence?
Business Intelligence is the processes, technologies, and tools that help us change data into information, information into knowledge and knowledge into plans that guide organization
Technologies for gathering, storing,analyzing and providing access to data tohelp enterprise users make better businessDecisions Cont…
CONT….
business Intelligence typically refers to variety of software applications used to analyze heaps of raw data into legible and comprehensible information , to make better informed decisions
Understanding BI
The use of business intelligence tool is to make use of regular information, formatted just right up to the business requirements
Where do we normally find BI:- A cash machine receipt, or a mobile
phone bill, credit card statement etc… providing very structured template provided to end user
Why BI?
5
• What happened?• What is happening?• Why did it happen?• What will happen?• What do I want to happen?
Past
Present
Future
BI as using data about yesterday and today to make better decisions about tomorrow
Understand your Business
Understand your business in brand new ways by: Consolidating relevant data from multiple sources into
a single application Exploring the associations in your data Enabling social decision making through secure, real-
time collaboration Visualizing data with engaging, state-of-the-art
graphics Searching across all data—directly and indirectly Interacting with dynamic apps, dashboards and
analytics Accessing, analyzing and capturing data from mobile
devices
The characteristics of a Business intelligence solution
Single point of access to information Timely answers to Business questions Using BI in all Departments of an
organization
Key Stages of BI
Data SourcingData Analysis
Situation Awareness
Risk AnalysisDecision Support
BI applications and technologies can help companies analyze:
changing trends in market share
changes in customer behavior and spending
patterns
customers' preferences
company capabilities
market conditions
Significance of BI…
Companies need to have accurate, up-to-date information on customer preferences ,
So that company can quickly adapt to their changing demands
BI applications can also help managers to be better informed about actions that a company’s competitors are taking
It help analysts and managers to determine which adjustments are mostly likely to respond to changing trends
IT can help companies develop a more consistent,data-based decision,which can produce better results than making business decisions by “guesswork”
MODULES
Dashboards Key Performance Indicators Graphical OLAP Forecasting Graphical Reporting
MODULE DESCRIPTION Dashboards –
BI dashboards can provide a customized snapshot of daily operations, and assist the user in identifying problems and the source of those problems, as well as providing valuable, up-to-date information about financial results, sales and other critical information – all in one place
Main Six features
1. Executive dashboards:2. Location Intelligence:3. “What if” analysis:4. Interactive reports:5. Meta data layer:6. Ranking reports
Qlikview Dashboards
Location intelligence
What if Analysis Cont…
What if Analysis
What if” analysis allows businesses to assess the potential effects of critical business decision before they’re actually made. Using existing data, users can formulate strategies to achieve business targets and avoid the default “hit and miss” approach. This helps management undertake accurate strategic planning.
Interactive repots
Interactive reports help users convert data into knowledge. They allow users to better understand the analysis within reports, and the underlying data those reports are based on, to support better decision-making. User should be able to:
Drill down and through reports Conduct slice and dice OLAP analysis Apply analysis such as moving averages and
regression to highlight trends in data Use time-series zooming to scan large data sets to
understand anomalies in their data Use conditional formatting to set data alerts which
highlight data exceptions
Meta data layer
A meta data layer makes reporting easy and eliminates the need for coding and SQL, allowing users and report writers to see and access information in simple business language. Users solely interact with data at the meta data level without having to comprehend the complexities of the underlying data
Ranking reports
This feature allows you to create reports that order specific categories of information, from across multiple dimensions, by selecting specific criteria. Ranking reports let you view the best and worst performing aspects of your business. For example, you could create a report that ranks your 10 best selling products, regions or sales people.
Reports –
BI Reports delivers web-based BI reports to anyone (or everyone) in the organization within minutes! The BI suite is simple to use, practical to implement and affordable for every organization. With our BI reporting and performance reporting module, you just point-and-click and drag-and-drop and you can instantly create a report to summarize your performance metrics, or operational data
HANK YOU……….