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Chapter 7 IS OER PowerPoint Slides

Business Intelligence (BI) encompasses technologies and practices for collecting and analyzing business data to enhance decision-making and performance. Key components include data warehousing, data mining, reporting, and analytics, while benefits range from improved decision-making to enhanced customer satisfaction. Challenges in implementing BI systems include data integration, quality, user adoption, security, and costs, with future trends leaning towards AI, big data, and mobile accessibility.

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16 views8 pages

Chapter 7 IS OER PowerPoint Slides

Business Intelligence (BI) encompasses technologies and practices for collecting and analyzing business data to enhance decision-making and performance. Key components include data warehousing, data mining, reporting, and analytics, while benefits range from improved decision-making to enhanced customer satisfaction. Challenges in implementing BI systems include data integration, quality, user adoption, security, and costs, with future trends leaning towards AI, big data, and mobile accessibility.

Uploaded by

wfarouk
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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BUSINESS INTELLIGENCE AND

ANALYTICS SYSTEMS
WHAT IS BUSINESS INTELLIGENCE?

• Business Intelligence (BI) refers to the


technologies, applications, and practices for the
collection, integration, analysis, and presentation
of business information.
• It provides organizations with valuable insights to
make informed decisions and improve performance
KEY COMPONENTS OF BI SYSTEMS

• Data Warehouse – A central repository of integrated data from various sources.


• Data Mining – The process of discovering patterns and trends in large datasets.
• Reporting and Visualization – Presenting data in a meaningful and interactive way.
• Analytics – Using statistical and mathematical techniques to analyze data and
generate insights.
• Dashboard – A visual display of key performance indicators (KPIs) and metrics.
• ETL (Extract, Transform, Load) – The process of extracting data from multiple
sources, transforming it into a consistent format, and loading it into a data
warehouse
BENEFITS OF BI SYSTEMS

• Improved Decision Making – BI systems provide timely and accurate information, enabling better
decision making.
• Increased Efficiency – Automation of data integration and analysis processes saves time and
resources.
• Enhanced Data Quality – BI systems ensure data consistency and accuracy through data cleansing
and validation.
• Competitive Advantage – Insights from BI systems help organizations identify market trends and
opportunities.
• Risk Management – BI systems enable organizations to identify and mitigate risks through data
analysis.
• Improved Customer Satisfaction – BI systems help organizations understand customer behavior and
preferences, leading to better customer service
CHALLENGES IN IMPLEMENTING BI SYSTEMS

• Data Integration – Integrating data from different sources can be complex and
time-consuming.

• Data Quality – Ensuring data accuracy and consistency across multiple


systems can be challenging.

• User Adoption – Encouraging employees to use BI systems and interpret data


correctly can be a challenge.

• Security and Privacy – Protecting sensitive business information and complying


with data privacy regulations.

• Costs – Implementing and maintaining BI systems can be expensive, especially


for small businesses
REAL-WORLD APPLICATIONS OF BI SYSTEMS

• Sales and Marketing – Analyzing customer data to identify target markets and improve marketing
campaigns.
• Supply Chain Management – Optimizing inventory levels, reducing costs, and improving delivery
times.
• Financial Analysis – Analyzing financial data to identify trends, forecast revenue, and manage
budgets.
• Human Resources – Analyzing employee data to identify performance trends, manage workforce
planning, and improve recruitment and retention.
• Customer Relationship Management – Analyzing customer data to improve customer satisfaction and
loyalty.
• Operations Management – Analyzing operational data to identify bottlenecks, improve efficiency,
and reduce costs
FUTURE TRENDS IN BI AND ANALYTICS

• Artificial Intelligence (AI) – AI-powered analytics systems can automate data analysis and provide
real-time insights.

• Big Data – Handling and analyzing large volumes of data from various sources will become more
important.

• Predictive Analytics – Using statistical models and machine learning algorithms to forecast future
trends and outcomes.

• Data Visualization – Interactive and intuitive visualizations will enhance data exploration and
understanding.

• Cloud-Based BI – Moving BI systems to the cloud will provide scalability, flexibility, and cost savings.

• Mobile BI – Accessing and analyzing data on mobile devices will become more prevalent
ANY QUESTIONS?

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