Efficient BI Solution Presented by: Leo Khaskin, PowerCubes Lab Value of Information as Business...
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![Page 1: Efficient BI Solution Presented by: Leo Khaskin, PowerCubes Lab Value of Information as Business Asset.](https://reader031.fdocuments.in/reader031/viewer/2022032312/56649e155503460f94afff5b/html5/thumbnails/1.jpg)
Efficient BI Solution
Presented by: Leo Khaskin, PowerCubes Lab
Value of Information as Business Asset
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BI Definition
A broad category of applications and technologies for gathering, storing, analyzing, and providing access to data to help
enterprise users make better business decisions. BI applications include the activities of executive information systems (EIS), decision support systems (DSS), query and reporting, online analytical processing (OLAP), statistical
analysis, forecasting, scenario modeling (“what-if” analysis), and data mining.
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Justification for BI
Support objectives set up by Management:
•Strategic•Identify new opportunities•Competitive Advantage•Tactical•Customer profitability•Market Segmentation, etc.•Operational•Business Process Control & Optimization•Improve bottom-line
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BI Assessment & Roadmap
Considerations:•Request turn-around time?•Self-service capabilities?•Advanced Analytics?
Milestones:•Implementation Methodology•Unified Modeling Environment•Single BI Metadata Repository•Sound Solution Architecture
To what rate existing BI supports your needs?
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Efficient BI Solution• Specific to the business needs: focused on
providing the most valuable informational assets, resolving most important issues
• Comprehensive: laying solid foundation for fact-based decision making
• FSM (Flexible, Scalable, Maintainable): adherent to proven practices and best industry standards
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Solution Components (Milestones)
• Solution Architecture• Dimensional Model to support business• Best of breed tools – IBM Cognos Suite
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Milestone 1: Implementation Methodology
Every phase generates an asset
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Configurability vs ProgrammabilityA business rules engine is a software system that executes one or more business rules in a runtime production environment. The rules might come from legal regulation ("An employee can be fired for any reason or no reason but not for an illegal reason"), company policy ("All customers that spend more than $100 at one time will receive a 10% discount"), or other sources. A business rule system enables these company policies and other operational decisions to be defined, tested, executed and maintained separately from application code.
Milestone 2: Business Rules Engine (BRE)
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BRE Functions
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BRE Management Challenge
• BR Repository• Visualization• Accessibility by applications• Governance• Change Management• Ownership• Configurability
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BRE Management Challenge - continued
Utilizing in-memory database
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IBM Cognos 8 Controller - Financial consolidation, reporting and analytics to drive performance and compliance
IBM Cognos Controller
Standard Reports
IBM Cognos® Planning is enterprise planning software that helps you develop budgets and forecasts faster and more efficiently
Cognos EP Cognos TM1 High-performance enterprise planning software for budgeting, forecasting and analysis
IBM Cognos TM1
Milestone 3: Cognos – best tool on market
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Delivery Model 1 - Traditional BI Architecture
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Delivery Model 3 – Managed Services
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BI Metadata Management
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BI Metadata Lifecycle
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Architecture Consideration Triage
The growth each of the components increases the necessity of persistent semantic layer.Real-time requirements stipulates the use of in-memory tools.
Baseline – the need of sound dimensional model
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Areas of Expertise
RDBMS (Relational Database Management System)
BI
Extract/Transform/Load (ETL)
Data Warehouse / ODS
Analytical ApplicationsOperationalReportingData MiningData Mart / OLAP
CFO Services Applications
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BI Applications
Purchasing($14M savings)
Inventory Analysis($5M savings)
Pricing(increase in wholesale margins)
Customer Insight(17% ROI in one year)
Profitability Analysis(20% ROI in 9 months)
Budgeting, Consolidation & Analysis(80% less time to publish monthly financials)
Theft & Fraud Detection(From discovery to deterrence)
Predictive Analytics
Sales Analysis
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BI Applications (cont)
VendorPerformanceAnalysis
Balanced Scorecard
EnterprisePerformanceManagement
HR CompensationPlanning
Ops / IT AllocationAnalysis
Government TaxData Warehouse(1000% ROI in two years)
Business Activity monitoring(Reduce loss prevention)
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Questions/Inquiries
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