Chapter 2 Decision Making Decision Support Systems For Business Intelligence.

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Presentation transcript:

Chapter 2 Decision Making Decision Support Systems For Business Intelligence

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.1: Nature of Decision Making

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.2: Forms of Rationality

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.3: Causes of Satisficing Behavior

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.4: Perception is Not Always Obvious

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.5: Is This a Car or a Truck?

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.6: Attributes of Information

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.7: Using Data to Challenge Assumptions

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.8: Using Data to Challenge Assumptions

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.9: An Early View of BI

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Table 2.1: Measures of Success of BI Projects Measures of Success of BI Projects* Improved Business Performance70% Better Access to Data68% Support of Key Stakeholders53% User Perception that it is Mission Critical50% ROI43% % of Active Users31% Cost Savings31% Number of Defined Users17% Other measures of success included: Number of BI Applications Number of New Requests for BI Applications Number of Standard ad hoc Reports Elimination of independent (shadow) spreadsheets Increased Employee Satisfaction Increased Customer Service Time Reduced *Adapted from Howson, C., Successful Business Intelligence: Secrets to making BI a Killer Application, New York: McGraw Hill, 2008.

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Table 2.2: Necessary Features of Successful BI Necessary Features of Successful BI High data quality and “clean” data Reliability of the system Availability of relevant subject areas Appropriate and effective BI tools Fast query response time BI being continually improved (both data and tools) Integration of BI into organizational processes Near real time updates to the data warehouse

Sauter, V.L., Decision Support Systems for Business Intelligence, John Wiley, 2010 Figure 2.10: Demonstration of Microsoft’s Tool, Pivot