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Unit 12: Business Intelligence




          Self Assessment                                                                       Notes

          Fill in the blanks:
          6.   Business intelligence tools are a type of .................................. that is designed to retrieve,
               analyse and report data.

          7.   A .................................. tool is software setup for users to ask questions about the data. The
               user can search for patterns or details.
          8.   A .................................. tool is software that is automated to search data, seeking out ways
               that the data correlates to other data.
          9.   A .................................. tool, also called Online Analytical Processing (OLAP), is software
               that allows the user to view the same data from different aspects.
          10.  ..................................  are  popular business  intelligence  tools,  especially  among  top
               management because they are visual and easy to read.
          11.  .................................. tools bring in data from outside sources, transform it to meet your
               specified operational needs, and then load the results into your company database.

          12.  .................................. tools gather and analyse metadata, helping to increase data quality.
          12.4 Business Process Management


          Business Performance Management (BPM) can be considered as being the final component of
          business intelligence. Business performance management allows companies to more efficiently
          collect data from their various sources, analyse it and take appropriate action. Through continuous
          and real-time reviews, BPM provides the data to help companies monitor efficiency of projects
          and employees against operational targets. Problems can be identified before they grow and
          forecasting can become more reliable and predictable. BPM also can be used to analyse risk and
          predict outcomes of various scenarios, including mergers and acquisitions.
          Business Performance Management produces actionable results through business intelligence.
          Business intelligence  is the  key to enterprise performance  success.  Business performance
          management software can help you harness business intelligence, and use it to your advantage.
          Now more than ever, businesses need timely and accurate information to improve performance,
          increase revenue, reduce costs and optimise resources. Business intelligence (BI) provides the
          purposeful information necessary to help you improve your decision-making and  business
          processes.
          Typical reasons organisations struggle with business performance management and BI projects
          include:
              Lack of planning—Failing to set reasonable goals and objectives up front or not establishing
               proper controls to signal the business has strayed off course

              Limited access to data—Business users find it difficult and overly complex to properly
               assess information from disparate data sources across the organisation
              Lack of adoption—The sooner a business intelligence solution delivers value, the faster it
               will be adopted throughout the organisation
          Business Performance Management is the next phase in the evolution of decision support systems,
          enterprise information systems and business intelligence. If BPM is an outgrowth of BI and
          incorporates many of its technologies, applications and techniques, than why BI itself  can’t





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