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12 Business Analytics
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Explain different ways in which IT supports decision making.
Provide examples of different ways that organizations make use of business intelligence (BI). Explain the value that different BI applications provide to large and small businesses. Offer examples of how businesses and government agencies can use different BI applications to analyze data. Explain how your university could use CPM to effect solution to two campus problems.
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Managers and Decision Making
What Is Business Intelligence? Business Intelligence Applications for Data Analysis Business Intelligence Applications for Presenting Results Business Intelligence in Action: Corporate Performance Management
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[ Opening Case Developing Smarter Cities through Analytics ]
The Problem The Solution The Results What We Learned from This Case
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Analytics Helps Farmers
12.1 Analytics Helps Farmers
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Managers and Decision Makers
12.1 Managers and Decision Makers The Manager’s Job and Decision Making Why Managers Need IT Support What Information Technologies Are Available to Support Managers? A Framework for Computerized Decision Analysis
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The Manager’s Job and Decision Making
Three basic roles of a manager Interpersonal Informational Decisional
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Why Managers Need IT Support
Decision making is difficult due to the following trends: Number of alternatives is constantly increasing Most decisions must be made under time pressure Increased uncertainty in the decision environment Often necessary to rapidly access remote information, consult with experts, or conduct a group decision-making session
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What Information Technologies are Available to Support Managers?
Business Intelligence (BI)
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A Framework for Computerized Decision Analysis
Problem Structure Structured Semi-structure Unstructured Decisions Nature of Decisions Three broad categories of managerial decisions Operational control Management control Strategic planning The Decision Matrix Computer Support for Structured Decisions
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Problem Structure Structured Semi-structure Unstructured Decisions
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Nature of Decision Three broad categories of managerial control in decision making Operational control Management control Strategic planning
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What is Business Intelligence?
12.2 What is Business Intelligence? The Scope of Business Intelligence The Development of One or a Few Related BI Applications The Development of Infrastructure to Support Enterprise-wide BI Support for Organizational Transformation
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Can We Predict the Weather?
12.2 Can We Predict the Weather?
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Predicting Customer Behavior
12.3 Predicting Customer Behavior
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Business Intelligence Applications for Data Analysis
12.3 Business Intelligence Applications for Data Analysis Multidimensional Analysis or Online Analytical Processing (OLAP) (aka, multidimensional analysis) Data Mining Decision Support Systems (DSS)
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Data Mining is Used in: Retailing and sales Banking
Manufacturing and production Insurance Police work Healthcare Marketing
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Decision Support Systems (DSS)
Sensitivity Analysis What-if Analysis Goal-Seeking Analysis
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Analytics Helps to Reduce Injuries to Rugby Players
12.4 Analytics Helps to Reduce Injuries to Rugby Players
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Business Intelligence Applications for Presenting Results
12.4 Business Intelligence Applications for Presenting Results Dashboards Data Visualization Technologies Real-Time BI
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Dashboards Capabilities of Dashboards Drill-down
Critical Success Factors (CSF) Key Performance Indicators (KPI) Status Access Trend Analysis Exception Reporting
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Data Visualization Technologies
Geographical Information Systems Geocoding Reality Mining Example New York City Singapore Other Major Cities
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Business in Action: Corporate Performance Management
12.5 Business in Action: Corporate Performance Management Key Performance Indicators (KPI) Corporate Performance Management (CPM) Example VAASAN Group
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[ Closing Case Santa Cruz Police Department (SCPD) ]
The Problem The IT Solution The Results
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