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Efficient BI Solution Value of Information as Business Asset Presented by: Leo Khaskin, PowerCubes Lab 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. 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 BI Assessment & Roadmap To what rate existing BI supports your needs? Considerations: • Request turn-around time? • Self-service capabilities? • Advanced Analytics? Milestones: • • • • Implementation Methodology Unified Modeling Environment Single BI Metadata Repository Sound Solution Architecture 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 Solution Components (Milestones) • Solution Architecture • Dimensional Model to support business • Best of breed tools – IBM Cognos Suite Milestone 1: Implementation Methodology Every phase generates an asset Milestone 2: Business Rules Engine (BRE) Configurability vs Programmability A 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. BRE Functions BRE Management Challenge • • • • • • • BR Repository Visualization Accessibility by applications Governance Change Management Ownership Configurability BRE Management Challenge - continued Utilizing in-memory database Milestone 3: Cognos – best tool on market IBM Cognos 8 Controller - Financial consolidation, reporting and analytics to drive performance and compliance IBM Cognos® Planning is enterprise planning software that helps you develop budgets and forecasts faster and more efficiently Cognos TM1 High-performance enterprise planning software for budgeting, forecasting and analysis Delivery Model 1 - Traditional BI Architecture Delivery Model 3 – Managed Services BI Metadata Management BI Metadata Lifecycle 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 Areas of Expertise CFO Services Applications Analytical Applications Data Mart / OLAP Operational Reporting Data Mining Data Warehouse / ODS Extract/Transform/Load (ETL) RDBMS (Relational Database Management System) BI BI Applications Theft & Fraud Detection (From discovery to deterrence) Profitability Analysis (20% ROI in 9 months) Inventory Analysis ($5M savings) Predictive Analytics Pricing (increase in wholesale margins) Customer Insight (17% ROI in one year) Sales Analysis Budgeting, Consolidation & Analysis (80% less time to publish monthly financials) Purchasing ($14M savings) BI Applications (cont) Enterprise Performance Management Government Tax Data Warehouse (1000% ROI in two years) Ops / IT Allocation Analysis HR Compensation Planning Vendor Performance Analysis Balanced Scorecard Business Activity monitoring (Reduce loss prevention) Questions/Inquiries Phone: Email: Address: