Business Intelligence Trends •†¥­™…§è¶¨‹¢

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Management Decision Support System and Business Intelligence 管理決策支援系統與商業智慧. Business Intelligence Trends 商業智慧趨勢. 1012BIT02 MIS MBA Mon 6, 7 (13:10-15:00) Q407. Min-Yuh Day 戴敏育 Assistant Professor 專任助理教授 Dept. of Information Management , Tamkang University 淡江大學 資訊管理學系 - PowerPoint PPT Presentation

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  • Business Intelligence Trends*1012BIT02MIS MBA Mon 6, 7 (13:10-15:00) Q407Management Decision Support System and Business Intelligence Min-Yuh DayAssistant Professor Dept. of Information Management, Tamkang University

    http://mail. tku.edu.tw/myday/2013-02-25

  • Subject/Topics1 102/02/18 (Course Orientation for Business Intelligence Trends)2 102/02/25 (Management Decision Support System and Business Intelligence)3 102/03/04 (Business Performance Management)4 102/03/11 (Data Warehousing)5 102/03/18 (Data Mining for Business Intelligence)6 102/03/25 (Data Mining for Business Intelligence)7 102/04/01 (Off-campus study)8 102/04/08 (SAS EM ) Banking Segmentation (Cluster Analysis KMeans using SAS EM)9 102/04/15 (SAS EM ) Web Site Usage Associations ( Association Analysis using SAS EM)

    (Syllabus)*

  • Subject/Topics10 102/04/22 (Midterm Presentation)11 102/04/29 (SAS EM ) Enrollment Management Case Study (Decision Tree, Model Evaluation using SAS EM)12 102/05/06 (SAS EM ) Credit Risk Case Study (Regression Analysis, Artificial Neural Network using SAS EM)13 102/05/13 (Text and Web Mining)14 102/05/20 (Opinion Mining and Sentiment Analysis)15 102/05/27 (Business Intelligence Implementation and Trends)16 102/06/03 (Business Intelligence Implementation and Trends)17 102/06/10 1 (Term Project Presentation 1)18 102/06/17 2 (Term Project Presentation 2) (Syllabus)*

  • Top 10 CIO Technology Priorities in 2013*Source: Gartner Executive Programs (January 2013) http://www.gartner.com/newsroom/id/2304615

    Top 10 Technology PrioritiesRankingAnalytics and business intelligence1Mobile technologies2Cloud computing (SaaS, IaaS, PaaS)3Collaboration technologies (workflow)4Legacy modernization5IT management6CRM7Virtualization8Security9ERP Applications10

  • Top 10 CIO Business Priorities in 2013*Source: Gartner Executive Programs (January 2013) http://www.gartner.com/newsroom/id/2304615

    Top 10 Business PrioritiesRankingIncreasing enterprise growth1Delivering operational results2Reducing enterprise costs3Attracting and retaining new customers4Improving IT applications and infrastructure5Creating new products and services (innovation)6Improving efficiency7Attracting and retaining the workforce8Implementing analytics and big data9Expanding into new markets and geographies10

  • Decision Support and Business Intelligence SystemsChapter 1:Decision Support Systems and Business IntelligenceSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Changing Business EnvironmentCompanies are moving aggressively to computerized support of their operations => Business IntelligenceBusiness PressuresResponsesSupport ModelBusiness pressures result of today's competitive business climateResponses to counter the pressures Support to better facilitate the process Source: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Business PressuresResponsesSupport ModelSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • The Business Environment The environment in which organizations operate today is becoming more and more complex, creating: opportunities, andproblemsExample: globalizationBusiness environment factors: markets, consumer demands, technology, and societal Source: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Business Environment FactorsFACTORDESCRIPTIONMarketsStrong competitionExpanding global marketsBlooming electronic markets on the InternetInnovative marketing methodsOpportunities for outsourcing with IT support Need for real-time, on-demand transactionsConsumer Desire for customization demandDesire for quality, diversity of products, and speed of delivery Customers getting powerful and less loyal TechnologyMore innovations, new products, and new servicesIncreasing obsolescence rateIncreasing information overload Social networking, Web 2.0 and beyondSocietalGrowing government regulations and deregulationWorkforce more diversified, older, and composed of more womenPrime concerns of homeland security and terrorist attacksNecessity of Sarbanes-Oxley Act and other reporting-related legislationIncreasing social responsibility of companiesGreater emphasis on sustainabilitySource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Organizational ResponsesBe Reactive, Anticipative, Adaptive, and ProactiveManagers may take actions, such asEmploy strategic planningUse new and innovative business modelsRestructure business processesParticipate in business alliancesImprove corporate information systemsImprove partnership relationshipsEncourage innovation and creativity cont>Source: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Managers actions, continuedImprove customer service and relationshipsMove to electronic commerce (e-commerce)Move to make-to-order production and on-demand manufacturing and servicesUse new IT to improve communication, data access (discovery of information), and collaborationRespond quickly to competitors' actions (e.g., in pricing, promotions, new products and services)Automate many tasks of white-collar employeesAutomate certain decision processesImprove decision making by employing analyticsSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Closing the Strategy Gap One of the major objectives of computerized decision support is to facilitate closing the gap between the current performance of an organization and its desired performance, as expressed in its mission, objectives, and goals, and the strategy to achieve themSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Managerial Decision MakingManagement is a process by which organizational goals are achieved by using resourcesInputs: resourcesOutput: attainment of goals Measure of success: outputs / inputsManagement Decision MakingDecision making: selecting the best solution from two or more alternativesSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Mintzberg's 10 Managerial RolesInterpersonal1. Figurehead2. Leader3. Liaison

    Informational4. Monitor5. Disseminator6. SpokespersonDecisional7. Entrepreneur8. Disturbance handler9. Resource allocator10. NegotiatorSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Decision Making ProcessManagers usually make decisions by following a four-step process (a.k.a. the scientific approach) Define the problem (or opportunity) Construct a model that describes the real-world problemIdentify possible solutions to the modeled problem and evaluate the solutionsCompare, choose, and recommend a potential solution to the problemSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Decision making is difficult, becauseTechnology, information systems, advanced search engines, and globalization result in more and more alternatives from which to chooseGovernment regulations and the need for compliance, political instability and terrorism, competition, and changing consumer demands produce more uncertainty, making it more difficult to predict consequences and the futureOther factors are the need to make rapid decisions, the frequent and unpredictable changes that make trial-and-error learning difficult, and the potential costs of making mistakesSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Why Use Computerized DSSComputerized DSS can facilitate decision via:Speedy computationsImproved communication and collaborationIncreased productivity of group membersImproved data managementOvercoming cognitive limits Quality support; agility supportUsing Web; anywhere, anytime supportSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • A Decision Support Framework (by Gory and Scott-Morten, 1971)Source: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • A Decision Support Framework cont.Degree of Structuredness (Simon, 1977)Decision are classified as Highly structured (a.k.a. programmed)Semi-structuredHighly unstructured (i.e., non-programmed) Types of Control (Anthony, 1965)Strategic planning (top-level, long-range)Management control (tactical planning)Operational controlSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Simons Decision-Making ProcessSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Computer Support for Structured DecisionsStructured problems: encountered repeatedly, have a high level of structureIt is possible to abstract, analyze, and classify them into specific categoriese.g., make-or-buy decisions, capital budgeting, resource allocation, distribution, procurement, and inventory control For each category a solution approach is developed => Management ScienceSource: Turban et al. (2011), Decision Support and Business Intelligence Systems*

  • Management Science ApproachAlso referred to as Operation ResearchIn solving problems, managers should follow the five-step MS approachDefine the problem Classify the problem int