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Transcript of O BTAINING KEY PERFORMANCE INDICATORS BY USING DATA MINING TECHNIQUES Lucentia Research Group...
![Page 1: O BTAINING KEY PERFORMANCE INDICATORS BY USING DATA MINING TECHNIQUES Lucentia Research Group Department of Software and Computing Systems Roberto Tardío.](https://reader035.fdocuments.in/reader035/viewer/2022062520/5697c0211a28abf838cd3181/html5/thumbnails/1.jpg)
OBTAINING KEY PERFORMANCE INDICATORS BY USING DATA MINING TECHNIQUES
Lucentia Research Group
Department of Software and Computing Systems
Roberto Tardío & Jesús Peral
UNIVERSITY OF ALICANTE
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1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
OUTLINE
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1. INTRODUCTION
Dashboards and Scorecards (Kaplan et al., 1996) decision makers to quickly assess the status of an organization.
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
Dashboards the preferred tool across organizations to monitor business performance. Key Performance Indicators (KPIs) (Parmenter, 2015) play a crucial role, since they facilitate
quick and precise information by comparing current performance against a target required to fulfill business objectives.
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1. INTRODUCTION
KPIs are not always well known sometimes it is difficult to find an adequate KPI to associate
with each business objective (Angoss, 2011).
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
Organizations use existing lists of KPIs An organization performs an innovative activity
KPIs may be redundant (Rodríguez et al., 2009), misdirecting the effort and resources of the organization. people responsible for (wrong) KPIs develop a resistance to change once they have found how to maximize their value (Parmenter, 2015) . there is a tendency to focus on results themselves (Parmenter, 2015; Angoss, 2011 ) (e.g. Sales) rather than on the actual indicators that
can be worked on (e.g. Successful deliveries/Total deliveries) and lead to the results obtained.
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1. INTRODUCTION
There is a need for techniques and methods that improve the KPI elicitation process, providing decision makers with information about relationships between KPIs and their characteristics.
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
the implications of the data for the company are unknown, and, thus, eliciting their relationships with internal KPIs can make these data actionable, adding value to them.
Big Data
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1. INTRODUCTIONBig Data huge volume, complex and heterogeneous sources
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
Visualization.
What You See Is What You Get. Only when the analytical results are friendly displayed, it may be effectively utilized by users
KPIs elicitation
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1. INTRODUCTION Our approach combines these two aspects:
to drive data mining techniques. obtaining specific KPIs for business objectives in a semi-automatic way.
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
The main benefit of our approach organizations do not need to rely on existing KPI lists.
In order to show the applicability of our approach we apply our proposal to the novel field of MOOC (Massive
Open Online Course) courses in order to identify additional KPIs to the ones being currently used.
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2. BACKGROUND
(Kaplan et al., 1996) Balanced Scorecard, a tool that consists on a balanced list of KPIs associated with objectives covering different business perspectives.
(Kaplan et al., 2004) Strategy Map, describes the way that the organization intends to achieve its objectives, by capturing the relationships between them in an informal way.
(Horkoff et al., 2014) Business strategy models, combine KPIs, objectives, and their relationships all together in a single formal view. Are the KPIs adequate??
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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2. BACKGROUND
(Parmenter, 2015) the design and implementation of KPIs within Dashboards. The author differentiates between Key Result Indicators (KRIs) and KPIs
(Rodríguez et al., 2009) the QRPMS method to select KPIs and elicit relationships between them. The method starts from a pre-existing set of candidate KPIs, and performs a series of analysis steps. using data mining techniques
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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2. BACKGROUND
Big Data datasets that we can not manage with current
methodologies or data mining software tools principally due to their huge size and complexity.
Big Data mining is the capability of extracting useful information from these large datasets or streams of data. New mining techniques are necessary due to the volume,
variability, and velocity, of such data. The Big Data challenge is becoming one of the most exciting
opportunities for the years to come.
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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2. BACKGROUND
There are a number of works focused on monitoring performance by means of KPIs However, most of the works that tackle the problem of KPI
selection require a pre-existing set of KPIs.
Obtaining this set of KPIs can be a tough task in already established organizations (Angoss,
2011), becomes a challenge when the business activity is developed in an
innovative environment.
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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3. METHODOLOGYSTAGES 1 & 2
First of all, we start by focusing on modeling the business strategy and known KPIs (if any) to guide the process.
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
Business strategy model includes: The relationships between the different business objectives to be
achieved (optionally) The processes that support them (the objectives).
The dependencies are modeled in a semiautomatic mode.
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1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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3. METHODOLOGY1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
The aim of this step is to relate business objectives with entities and measures that are related to their performance.
a set of candidate KPIs for each objective is defined.
Analysis to merge the information
multidimensional model for analysis
STAGES 3 & 4Decision makers provide the required information to fulfill the objectives.By interviewing these decision makers we can create new user requirement views in order to implement the DW.
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3. METHODOLOGYSTAGES 5 & 6
The multidimensional model allows the mapping from the indicators to DW elements DW schema is generated automatically.
1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
The following step is to analyze the candidate KPIs through data mining techniques to ensure that they reflect the relationships identified during business strategy modeling.
Finally, we define or update the analysis views for different roles, materialized in dashboards that will allow decision makers to access and monitor the new KPIs.
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4. CASE STUDY1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
The effect of the globalization along with the proliferation of open online courses has radically changed the traditional sectors of education.
New technologies symbolise a big opportunity it is also required to face significant challenges to take full advantages of them.
Massive Open Online Course (MOOC) an online course with the objective of interacting and promoting participation and
open access via the web. slides, video lectures (off-line and on-line), user forums…
gain popularity: number of students has increased exponentially during the last years.
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4. CASE STUDY1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
We present the process followed to elicit and model the critical information from the MOOC named UniMOOC (Platform Courses for Entrepreneurs of the University of Alicante).
UniMOOC is a MOOC currently has over unique 20,000 students registered and focuses
on entrepreneurship. the course includes several units and modules as well as links to
social networks for students to interchange opinions.
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4. CASE STUDY1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
STAGES 1 & 2
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4. CASE STUDY1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
STAGES 3 & 4Interviews with the organizers of this course.A first set of indicators were obtained in a generic way:
increment in number of students, dropout ratio, recovery ratio of students, % Of active students, % Of students who fail the course, etc.
An initial version of the multidimensional model for analysis. two analysis cubes: Enrollment and Activity. Enrollment, allows us to analyze if the characteristics of the
students, such as country, interests and expectations present certain patterns.
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1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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4. CASE STUDY1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
STAGES 5 & 6We have started by applying the classical data mining techniques to the database of the course.
Due to the big amount of data of this course these techniques are not very suitable because they are difficult to interpret: they produce a lot of rules in association rules and decision trees. they also produce many hidden neural connections in the artificial neural
networks. The best way to analyse these data is by using visualization methods.
the visualization techniques allow to see how the graphical grow dynamically.
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1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
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5. DISCUSSION1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
Dashboards are the preferred tool across organizations to monitor business performance.
Different data visualization techniques Key Performance Indicators (KPIs) play a crucial role in facilitating
quick and precise information by comparing current performance against a target required to fulfill business objectives.
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5. DISCUSSION1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
Very often it is difficult to find an adequate KPI to associate with each business objective.
The main objective is to obtain specific KPIs for business objectives in a semi-automatic way.
This approach is illustrated with a case study, a MOOC course, which is a very novel area and therefore very suitable for their purpose.
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5. FUTURE WORK1. Introduction
2. Background
3. Methodology
4. Case study
5. Discussion
Automatic extraction of KPIs from Business strategy model. Student interviews and feedbacks.
Data Mining techniques (supervised, unsupervised, hybrid) to check the correlation.
Big Data environments extract KPIs from data. visualization methods.
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