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Chapter 6: Technologies Enabling Presentation Chapter 6: Technologies Enabling Presentation

Chapter 6: Technologies Enabling Presentation - PowerPoint Presentation

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Chapter 6: Technologies Enabling Presentation - PPT Presentation

Introduction Importance of presentation capability of BI Technologies that support decision making Tactical decisions Strategic decisions Online analytical processing OLAP Visual analytics Performance dashboards ID: 438710

business performance organization dashboards performance business dashboards organization faculty programs quality information balanced vis visual professional real data scorecards

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Slide1

Chapter 6: Technologies Enabling PresentationSlide2

Introduction

Importance of presentation capability of BI

Technologies that support decision making

Tactical decisions

Strategic decisions

Online analytical processing (OLAP)

Visual analytics

Performance dashboardsSlide3

Online Analytical Processing

Transactional databases are accessed by online transaction processing (OLTP) applications

OLAP was coined by Edgar Codd [1970 ]

OLAP is used essentially to query the DW

OLAP supports the presentation of data in a multi-dimensional format called a cube

The numeric facts in the DW known as the measures Slide4

OLAP

Cubes

OLAP offers the ability to have more than three dimensions (hypercube)

Pivot

Table – A data summarization tool

OLAP

cubes enable slicing and dicing the dataSlide5

OLAP Cube, Data Slice and Dice Slide6

Visual Analytics

Visual analytics refers to the use of computer graphics to create a visual representation of large collections of information

Purpose of visualization is to

enable

knowledge discovery

Importance: visualization helps users see patterns

Example: study of a hurricaneSlide7

BI in

Practice

: The

N

eed

for BI for Visual Analytics in Emergency Response

National Visualization and Analytics Center, located at the Pacific Northwest National

Lab

,

supports the US Dept. of Homeland Security

The

science

of

analytical

r

easoning

Visual

representation

and

interaction technologies

Data

representations

and

t

ransformations

Production,

presentation

, and

dissemination

Privacy and

security

issues that are based on an interoperable architecture Slide8

BI in Practice: Improving Sales Performance via Visual Business Intelligence

Field sales representatives’ organizational structures

Example:

for those working in pharmaceutical and healthcare businesses

Visual information mapping tools are helpful to build these sales structures

Using color coding to map the sales territories offers several advantages

Visual information mapping tools may also allow combining and integrating different values associated with operational parameters to create ‘balanced’ territories Slide9

Performance Dashboards

Performance dashboards are designed to be similar to a car dashboard

Performance dashboards serve as an

“organization

magnifying

glass

Measure performance, reward positive contributions and align efforts

Used for forecasting, inventory,

production

and sales

Organizational performance

- “Three

Threes”Slide10

Performance Dashboards

Three applications: a monitoring application, an analysis application, and a management application

Three layers: integrates a monitoring layer, an analysis layer, and a detailed information layer

Three types: support operational, tactical or strategic decision-making Slide11

Performance DashboardSlide12

Balanced Scorecards

Monitor and show performance by focusing on certain outcome metrics and comparing them to a target

Monitor tactical and strategic goals

Balanced Scorecard

Focuses on four organizational perspectives:

Financial

Customer

Internal business process

Learning and growth Slide13

Balanced Scorecards

Approach for organizational assessment developed by Kaplan and Norton

Firm’s competitiveness

Quantify the intangible assets of an organization

Measure past performance

Internal processes and

intangible

assets

Measures value creation for the organization Slide14

Balanced Scorecards

Organizations can use the balanced scorecard as a means to link their long-term strategic objectives with their short term actions through four management

processes.

Translating the vision

Communicating and linking

Business planning

Feedback and learning Slide15

Balanced ScorecardsSlide16

Vision Statement

Our vision is to be internationally-recognized for providing a high-quality, technology-enabled educational experience rooted in our Miami location and focused on the unique requirements of doing business in a global and interconnected market.

Core Values

Excellence:

We

pursue excellence in all we do and nurture this pursuit in others

.

Ethics:

We

are committed to doing the right thing in both our words and deeds.

Professionalism:

We

hold ourselves to the highest standards of expertise and of professional conduct.

Innovation:

We

embrace change, uncommon thinking, creativity, and the entrepreneurial spirit.

Collegiality:

In

working together, we respect each other and welcome diverse viewpoints.

Mission Statement

Our mission is to create enduring educational value for our students, for our alumni, and for the business, professional, and academic communities we serve:

For our students-

whom we prepare to succeed in a rapidly changing, technology-driven global business environment; •For our alumni-to whom we provide opportunities for continuing professional development and a legacy that appreciates as our excellence grows; •For the business and professional communities-to whom we offer knowledgeable graduates, educational programs, research, and collaborative projects; •For the academic community-to whom we bring new knowledge by creating an environment that nurtures high-quality research and the development of future scholars.

Goals and ObjectivesStrategic Priorities1. Maintenance of Accreditation2. Focus - Build excellence and international recognition through investments in programs and faculty in the areas of international business, entrepreneurship, and professional services – accounting, finance, real estate, and insurance.3. Program Portfolio – Continually evaluate portfolios of programs to ensure excellence in teaching and learning and market need.4. Growth and Quality - Increase quality of undergraduate students while maintaining current enrollment, grow graduate enrollment by 50% over next 5 years while increasing quality of admitted students.5. Faculty – Recruit, develop and support an outstanding faculty.6. Funding – Acquire needed funds to support the college’s mission.7. Space – Complete construction of Phase II of the Business School Complex. Strategic Initiatives 2008-20091.Maintenance of Accreditation: Implement review recommendations.2.Undergraduate Programs: Continue implementation of Assurance of Learning System and enhanced undergraduate career services. 3.Graduate Programs: Complete scheduled program reviews and implement recommended changes.4.Faculty: Recruit replacements for faculty members who resign or retire and recruit new incremental faculty members.5.External Relations: Expand membership on our advisory boards and our community involvement.6.External Visibility: Maintain rankings.7.Internal Processes: Maintain technology for new School of Business Complex.8.Revenue Generation: Secure private funding for faculty support, student support, and the building; grow executive and professional education program; and plan for new value-added programs.Core Competencies and Definition of Metrics(L)earning, Instruction, and Student Services - Provide educational programs and learning experiences that prepare individuals to make sustained contributions to organizations and society in a global environment and are recognized for excellence. Deliver outstanding student services.(R)search and Scholarship - Identify and address important business and economic issues through discovery, application, and dissemination of knowledge.(S)ervice and Outreach - Offer expertise to government agencies, business and professional organizations, and others, to promote economic development and to provide value-added educational and professional programs.(E)xternal Relations and Development - Enhance opportunities for mutually beneficial collaboration between the College and its constituents and grow private investments in the College.(P)eople - Attract, develop, and retain highly qualified faculty and staff.(I)nternal Operations - Cultivate an efficient and effective operation that enables faculty and staff to achieve the mission of the College.

Key Metrics

Undergraduate Programs

L1

.

Assurance of Learning Outcomes

L2.

Use and Manage Technology Outcome

L3.

Quality of Students

L4.

Student Recognitions

L5.

Head Count - # of Graduates

L6.

FTE enrollment - % of Enrollment Targets Met

L7.

Placement – Satisfaction and Outcomes

L8.

Satisfaction with Advising

L9.

Quality of Instruction

L10.

Expectations Met

L11.

Rankings

Graduate Programs

L12.

Assurance of Learning

L13.

Quality of Students

L14.

FTE enrollment - % Enrollment Target Met

L15.

Placement – Satisfaction and Outcomes

L16.

Expectations Met

L17.

Rankings

_____________________________________________

R1

.

Publications in Premier Journals

R2

.

Citations in Social Service Index

R3.

Editorial Board Membership

R4.

Recognition and Awards

_____________________________________________

S1

. Revenues from EPE Programs

S2

. Participation on Boards

_____________________________________________

E1

.

Corporate Community Participating in Advisory

Boards

E2.

Membership in Business Alumni Chapter

E3.

New Private and Corporate Donations

________________________________________

P1

.

Adequacy and Quality of Faculty

P2

.

Professional Development Support of Faculty and Staff

_____________________________________________

I1

.

Technology Availability and Quality

I2

.

User Satisfaction and Use of Technology ResourcesSlide17

IT Governance

IT governance refers to “specifying the decision rights and accountability framework to encourage desirable behavior in the use of

IT”

Goal: determine who makes the key IT decisions in the organization and how

Effective IT governance is the single most important predictor of value an organization generates from IT

IT Principles –

a related

set of high-level statements about how IT is used in business Slide18

IT Governance

IT Architecture

IT Infrastructure

Business Applications Needs

IT Investment and Prioritization

Communications

Mechanisms Slide19

BI in Practice: Achieving IT

Value Through

B

alanced Scorecards

Implementing the use of Balanced Scorecards in the organization

Important steps to ensure their success are:

Preparing the organization for change

Devising the right metrics

Getting buy-in from employees at all levels

Following through the implementation plan Slide20

BI in Practice: Achieving IT

Value Through

B

alanced Scorecards

Identifying four or five value drivers

Organization should appoint a champion, someone who typically oversees the IT budget

Companies that have been able to capitalize on their successful

balanced

s

corecard

deployments include Exxon Mobil

and

Cigna

Insurance.Slide21

The Role of BI on IT Governance

[Adapted from [

Busco

et. al, 2005], [COBIT, 2000]]

 Slide22

Impact of BI on Corporate Performance

Infrastructure for members of the organization to measure, monitor, and manage the key activities and processes that the organization must pursue in order to meet their goals, or their key performance indicators (KPIs)

The goal

– to provide decision

-makers with the following

capabilities:

Detect events

Prompt managers

Analyze data in real time

Collect data Slide23

Impact of BI on Corporate Performance

When designing performance dashboards for the organization it’s important to avoid ten common

mistakes:

Failure

to apply the “Three-Threes

”,

of three applications, three layers, and three types

Overrating

the importance of dashboards and scorecards

Failing to deliver three applications:

Access, Analyze

, and Management

Failing

to deliver three layers

Failing to create the right type of performance

dashboard:

Operational metrics

Tactical

metrics

Strategic

metrics Slide24

Impact of BI on Corporate Performance

Falling

prey to glitz

Building a dashboard with a lightweight architecture

Delivering real-time data without context

Failing to design effective KPIs

Failing to apply KPIs correctly Slide25

Impact of BI on Corporate Performance

BI can support the implementation of dashboards and scorecards for the creation of KPIs that enable the organization to:

Communicate and refine their business strategy

Increase visibility of the organization’s strategic goals

Increase

enterprise-wide

coordination of activities

Increased

motivation

,

morale and empowered users

Provide a consistent view of the business Slide26

Impact of BI on Corporate Performance

 Slide27

Case Study: Designing Vigilant Information Systems with Real-Time Dashboards

Western Digital (WD), a US $3 Billion designer and manufacturer of high-performance hard drives

WD relied on multiple sources of data, ERP reports often produced different results

Essence management lacked the necessary information to quickly respond to the business needs

Vigilant Information Systems

(VIS)

- system initiates the process (versus the user), and the database is active (versus passive)

VIS must fulfill the following four capabilities, known as the OODA loop :

Observing

Orienting

Deciding

Acting Slide28

Architecture of

WD’s

Vigilant Information Systems Slide29

Yield Dashboard [Source: Houghton et al, 2004]Slide30

Case Study: Designing Vigilant Information Systems with Real-Time Dashboards

The implementation of the VIS at WD demonstrated seven lessons :

Design the VIS as the ‘nerve-center’ for managing the enterprise

The VIS can serve as the basis for team coordination across the enterprise

The VIS ‘OODA’ loops can foster organizational learning across the enterprise

Real-time in the VIS should match the organization’s ability to respond, zero latency is not always the goal

VIS can provide the infrastructure for an organization’s ability to sense-and-respond

Investment in VIS should be justified not only by return-on-

investment,

but also on the impact of not having them

VIS implementations should not be a technology initiative, but instead a management initiative supported by the leadership of the enterprise Slide31

Case Study: Designing Vigilant Information Systems with Real-Time Dashboards

Real-time management performance dashboards can fall into one of the four categories shown in Figure

EIS Business Performance Dashboards

Operations Control Dashboards

Business Process Dashboards

Collaborative Dashboards

Slide32

Four Types of Real-Time Management Dashboards