Comprehensive BI System Review and Learning Path
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Explore the fundamentals of Business Intelligence (BI) systems, from understanding data processing to making informed decisions. Learn about BI tools, algorithms, and techniques to convert data into knowledge.
Comprehensive BI System Review and Learning Path
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Presentation Transcript
Business Intelligence (BI) • INPUT: Acxiom Corporation collects 300 million individual demographic records. • OUTPUT: Who is going to default on a loan. • Q: How do you process this input to output?
Business Intelligence (BI) • INPUT: Disney crowd estimates for 4 parks and 365 days of data. • OUTPUT: Best time to visit, best sequence of parks to visit. • Q: How do you process this input to output?
Business Intelligence (BI) System • BI Systems use information technology (hardware, software, but even algorithms) to find patterns, relationships, and trends. • Data (MIS) Information • Information (DSS) Good Decisions • Information (BI systems) Knowledge
BI Systems includes • Reporting Tools • Examples: Pivot Charts & Online Analytical Processing • Data Mining Algorithms • Examples:AprioriAlgorithm for finding association rules • Knowledge Management Tools • Examples: IBM’s email knowledge bank
Recall • TPS – Transaction Processing Systems • PCS – Process Control Systems • MIS – Management Information Systems • DSS – Decision Support Systems • EIS – Executive Information Systems • ECS – Enterprise Collaboration Systems
Background People/Machines (TPS) Data People/Machines (PCS) Data & Routine Decisions Data (MIS) Info. & Routine Decisions Information (DSS) Complex Decisions Information (BI) Knowledge Information (EIS) Strategic Decisions Data & Info (ECS) Data & Info.
The Big Problem • Old problem: Too much data • figured out some solutions • New problem: Too much information • Moving from info. to knowledge is a bigger problem • Where humans are still needed
What we will learning soon • Pivot Chart Lab & Logic • We will learn how to make accurate predictions (knowledge) given raw data about behavior • Excel will be our tool • Market Basket Lab • We will find the strongest product associations (knowledge) given millions of possibilities (raw data) • Access with be our tool • Large companies pay $millions for sophisticate tools to do these things
What we have done (review part) • Intro Lab • Getting to know the procedures • CMCC Lab • Word is just a document maker • Google Docs is more of an Information System • GIS Lab • First DSS example • Data Information • Tables Maps Reports • Excel Lab • More than just an accounting calculator • A tool for automation and information processing • Searching (vlookup) and logic (if statements)
Things to study • Reading is listed on the schedule • Review the lab