Expert answer:mega-vendors and BAN520_Discussion, computer scien

Answer & Explanation:Select any one of the four ‘‘mega-vendors’’ or one of the six independent vendors from the PPT presentation. Use the Web to obtain additional information about this vendor and its BI tools. Prepare a review of this vendor and its BI tools, highlighting the strengths and weaknesses of this vendor.wks_5_6_bi_solutions_and_vendors__1_.pptx
wks_5_6_bi_solutions_and_vendors__1_.pptx

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Weeks 5&6
Outline
• Capabilities of BI Solutions
•
Organizational Memory Capability
• Information Integration
• Insight Creation
• Presentation
• BI Vendors
4 Key Capabilities of BI Solutions
Organizational Memory Capability
• The ability to store information and knowledge
Information Integration
• The ability to link structured and unstructured data from a
variety of sources
Insight Creation
• The ability to develop new insights and use them in the shortterm or long-term to make better decisions
Presentation
• The ability to use appropriate reporting and balanced
scorecards tools, and thereby make BI more valuable to users
Technologies Enabling Organizational
Memory Capability
Enterprise Resource Planning (ERP)
• Refers to transactional systems that capture organizational memory
related to all business processes that the organization engages in
• Example: Order to cash captures all the transactions in an organization
Transactional Systems
• Capture all the relevant information for one accounting period (i.e.
month/quarter/year/etc.)
Data Warehouse
• Provides the source of data and information for business intelligence (BI)
analysis
Why Information Integration
Capability?
• Mutually disconnected, incompatible transactional
systems exist within an organization
• Data exists outside of transactional systems such
as e-mail, audio and video files, etc.
• A lot of relevant external data is available, such as
web sites, industry reports, expert opinions
• More complex decision making due to an increase
in the diversity of factors to consider
Technologies Enabling Insight Creation
Capabilities
Data mining
• Describe what happened or predict what will happen
Business analytics
• Discovery by using existing information
• Discovery by finding useful patterns in observations
Knowledge-modeling tool
• Decision trees, rule induction
Real time decision support
Why Insight Creation Capabilities?
• Need quick reflexes
•
Decisions must be made quickly to be competitive
• Domain complexity is increasing
•
Must consider information from diverse arenas
Why Presentation Capability?
Content and format needs differ
• Role
• Ex. Top executive interest in firm-level performance vs. customersupport personnel interest in aids that support real-time
responses to customers
• Task
• Ex. Customer-support specialist uses different information for
each task
• Preference
• Ex. Individuals differ: Big picture view vs details first
Technologies That Enable Presentation
Capability
Online Analytical Processing (OLAP)
• OLAP is used essentially to query the data warehouse
Visual Analytics
• Refers to the use of computer graphics to create a visual representation of
large collections of information
Performance Dashboards
• Measure performance
• Used for forecasting
Inputs and Outputs of the Four Business Intelligence
Capabilities
Users
Information presented in
user-friendly fashion and in
ways most appropriate for
the specific role, task, and
situation
Roles, tasks, and users’ inputs
regarding preferred nature of
presentation
Users’ inputs about the
analyses that may be
appropriate
Real-time data,
Unstructured Information,
External Information
Data, information, explicit
knowledge (mainly internal,
structured) stored in systems
as events occur
Presentation
Insight Creation
New insights and
information to support
learning and real-time
decision making
Synthesized information
about the past and present
(structured and
unstructured, external and
internal)
Information Integration
Organizational Memory
Historical information and
explicit knowledge
accumulated over time
(mainly structured and
internal)
Four BI Mega-Vendors
• Oracle (including Hyperion)
• SAP (including Business Objects)
• IBM (including Cognos and SPSS)
• Microsoft
Six Major Independent BI Vendors
• SAS
• Micro Strategy
• Information Builders
• TIBCO (including Spotfire)
• Qliktech
• Actuate
…
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