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    BI Lecture 2ppt

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    Tushant Dagur
    ..........................

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    BI Lecture 2ppt

    Uploaded by

    Tushant Dagur
    10 views16 pages
    ..........................

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    Copyright:

    © All Rights Reserved
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    Download as pptx, pdf, or txt
    10 views16 pages

    BI Lecture 2ppt

    Uploaded by

    Tushant Dagur
    ..........................

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    University Institute of Computing

    Bachelor of Computer Applications/ Bachelor of Computer Science


    Subject Name: Business Intelligence
    Code: 20CAT-353/SCT-353

    Business Intelligence DISCOVER . LEARN . EMPOWER


    Contents
    This lecture is about Business Analytics, Business Analytics process and its
    advantages, and chanllenges

    Fig 1. Analytics 2
    Business Analytics
    • BA focuses on developing new insights and understanding of business
    performance based on data and statistical methods.
    • It is a field which combines data, information technique, statistical analysis,
    quantitative methods and computer based models into one.
    • These all are combined to provide decision makers all the possible scenarios to
    make a well thought and researched decision.

    3
    Meaning of Business Analytics
    • Business analytics (BA) is the practice of iterative, methodical exploration of an
    organization’s data with emphasis on statistical analysis.
    • Business analytics is used by companies committed to data-driven decision
    making.

    4
    Types of Business Analytics

    5
    Types of Analytics
    • Descriptive Analytics: What happened?

    • Diagnostic Analytics: Why it happen?

    • Predictive analytics: What might happen?

    • Prescriptive analytics: What should be done?

    6
    Business Analytics Process

    7
    Process of Analytics
    • Analysis refers to breaking a whole into its separate components for
    individual examination.
    • Data analysis is a process for obtaining raw data and converting it into
    information useful for decision-making by users.

    8
    Steps
    • Step 1: Address the Business Problems
    • Step 2: Identify Potential Interest from Data
    • Step 3: Inspect the data
    • Step 4: Interpretation and Evaluation by Experts
    • Step 5: Optimization of Best Possible Solution
    • Step 6: Decision Making and Estimate conclusions
    • Step 7: Upgrade performance system

    9
    Advantages of Business Analytics

    • Helps you monitor the progress of your mission


    • Helps increase efficiency
    • Helps you be updated

    10
    Disadvantages of Business Analytics

    • Lack of alignment, availability and trust


    • Lack of Commitment
    • Low quality of underlying transactional data

    11
    Users of Business Analytics
    • Students
    • Business man
    • Accountants
    • Organization
    • Companies
    • Group of industries
    • Small firm
    • Auditors

    12
    Challenges for Business Analytics
    • Business analytics depends on sufficient volumes of high quality data.
    • This type of data warehousing required a lot more storage space than it did speed.
    • Now business analytics is becoming a tool that can influence the outcome of
    customer interactions.

    13
    Tools for Business Analytics
    • SAP Business Objects
    • MS-EXCEL
    • Data pine
    • Micro Strategy
    • SAS Business Intelligence
    • Python
    • Apache Spark
    • Apache Storm

    14
    References
    Fig. 1-Ref. - https://www.callcentrehelper.com/images/stories/2017/02/Analytics-Laptop-Magifying-Glass-760.jpg
    Fig. 2-Ref. - https://www.webopedia.com/imagesvr_ce/1221/data-word-cloud-green.jpg
    Fig. 3-Ref. - https://www.123rf.com/photo_100258497research-information-analytic-report-and-strategy-.html
    Fig. 4-Ref. -https://miro.medium.com/max/3200/0*xz50V4u-Cvz0I30e.jpg
    Fig. 5-Ref. – https://www.scnsoft.com/blog/4-types-of-data-analytics
    Fig. 6-Ref. - https://blog.khatavahi.in/2019/08/29/8-best-free-business-intelligence-bi-software-options/
    Fig. 7-Ref. - https://study.com/cimages/multimages/16/ba_process_2.png

    15
    Thank You

    16

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