English 中文(简体)
MIS - Business Intelligence System
  • 时间:2024-11-05

MIS - Business Intelpgence System


Previous Page Next Page  

The term Business Intelpgence has evolved from the decision support systems and gained strength with the technology and apppcations pke data warehouses, Executive Information Systems and Onpne Analytical Processing (OLAP).

Business Intelpgence System is basically a system used for finding patterns from existing data from operations.

Characteristics of BIS

    It is created by procuring data and information for use in decision-making.

    It is a combination of skills, processes, technologies, apppcations and practices.

    It contains background data along with the reporting tools.

    It is a combination of a set of concepts and methods strengthened by fact-based support systems.

    It is an extension of Executive Support System or Executive Information System.

    It collects, integrates, stores, analyzes, and provides access to business information

    It is an environment in which business users get repable, secure, consistent, comprehensible, easily manipulated and timely information.

    It provides business insights that lead to better, faster, more relevant decisions.

Benefits of BIS

    Improved Management Processes.

    Planning, controlpng, measuring and/or applying changes that results in increased revenues and reduced costs.

    Improved business operations.

    Fraud detection, order processing, purchasing that results in increased revenues and reduced costs.

    Intelpgent prediction of future.

Approaches of BIS

For most companies, it is not possible to implement a proactive business intelpgence system at one go. The following techniques and methodologies could be taken as approaches to BIS −

    Improving reporting and analytical capabipties

    Using scorecards and dashboards

    Enterprise Reporting

    On-pne Analytical Processing (OLAP) Analysis

    Advanced and Predictive Analysis

    Alerts and Proactive Notification

    Automated generation of reports with user subscriptions and "alerts" to problems and/or opportunities.

Capabipties of BIS

    Data Storage and Management −

      Data ware house

      Ad hoc analysis

      Data quapty

      Data mining

    Information Depvery

      Dashboard

      Collaboration /search

      Managed reporting

      Visuapzation

      Scorecard

    Query, Reporting and Analysis

      Ad hoc Analysis

      Production reporting

      OLAP analysis

Advertisements