BUSINESS INTELLIGENCE BI MRS .VIJINI MEKALA JAYATHILAKE LECTURER IT COMPARE DATA VS INFORMATION NOW THAT WE CAPTURE ALL THIS INFO…. WHAT DO WE DO WITH IT? Managers have three basic roles Interpersonal roles Informational roles Decisional roles Source: Media Bakery Why do managers need IT support? WHY MANAGERS NEED IT SUPPORT DECISIONProblem ANALYSIS Structure: Highly structured Semistructured Order entry Loan approval Nature of Decision: Operational control Management control Strategic planning Highly unstructured Determining a new Store location WHAT IS BUSINESS INTELLIGENCE? BI BI solution is a combination of strategy and technology for gathering, analyzing, and interpreting data from internal and external sources, with the end result of providing information about the past, present, and future state of the subject being examined. BUSINESS INTELLIGENCE & BUSINESS ANALYTICS The terms business intelligence and business analytics are often used interchangeably. The term business analytics refers to examining data to find trends and insights. When used together, business intelligence and business analytics has a broader meaning and includes every aspect of gathering, analyzing, and interpreting data. HOW BUSINESS INTELLIGENCE WORKS? ERP CRM Data Warehouse SCM “Getting data in” “Getting data out” THE SCOPE OF BUSINESS INTELLIGENCE Smaller organizations: Excel spreadsheets Larger organizations: Data mining, predictive analytics, dashboards CURRENT BUSINESS INTELLIGENCE/BUSINESS ANALYTICS SOLUTIONS offer applications to help the user at every stage of the process to gain actionable information. This includes applications for data preparation, analysis, data visualization, reporting, and collaboration for use on premises, at the desktop, in the cloud, and away from the office with mobile capability. PRESENTING BI RESULTS: DIGITAL DASHBOARDS Digital Dashboards PRESENTING BI RESULTS: DATA VISUALIZATION Data Visualization Technologies Geographic Information Systems Hans Rosling Ted Talk and Data Visualization