Traditional BI Vs. Business Data Lake – a Comparison the Need for New Thinking Around Data Storage and Analysis
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Relationship Between Business Intelligence and Supply Chain Management for Marketing Decisions
Universal Journal of Industrial and Business Management 2(2): 31-35, 2014 http://www.hrpub.org DOI: 10.13189/ ujibm.2014.020202 Relationship between Business Intelligence and Supply Chain Management for Marketing Decisions Neven Šerić1, *, Ante Rozga1, Ante Luetić2 1Faculty of Economics, University of Split, Cvite Fiskovića 5 2Split Shipyard,Put Supavla 21. *Corresponding Author: [email protected] Copyright © 2014 Horizon Research Publishing All rights reserved. Abstract The companies that apply the concept of to support marketing managers in making strategic and tactic business intelligence in their marketing decisions in some of decisions. The purpose of this study was to capture the the following ways were included in this study: at the level of companies that apply the concept of business intelligence in the entire system or specific marketing strategy of companies their business. While researching on the orientation on (e.g. marketing department, research development, supply chain and supply chain management, companies commercial, etc.), apply business intelligence only in certain selected were those which have been able to confirm that marketing processes or projects, used in business from the they have at least one link in the supply chain in order to be technology and platform for data warehouse, data mining, included in the sample. Also, they were supposed to be active OLAP tools, using advanced analytical techniques of when applying business intelligence for marketing function. simulation and visualization applications. Variables examined were categorized into four groups: business intelligence, supply chain management, information 2. Sample Selection and Questionnaire visibility and integration. Factor analysis was used to facilitate the connection of these groups of variables, i.e. -
Amazon Connect Data Lake Best Practices AWS Whitepaper Amazon Connect Data Lake Best Practices AWS Whitepaper
Amazon Connect Data Lake Best Practices AWS Whitepaper Amazon Connect Data Lake Best Practices AWS Whitepaper Amazon Connect Data Lake Best Practices : AWS Whitepaper Copyright © Amazon Web Services, Inc. and/or its affiliates. All rights reserved. Amazon's trademarks and trade dress may not be used in connection with any product or service that is not Amazon's, in any manner that is likely to cause confusion among customers, or in any manner that disparages or discredits Amazon. All other trademarks not owned by Amazon are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Amazon. Amazon Connect Data Lake Best Practices AWS Whitepaper Table of Contents Abstract and introduction .................................................................................................................... i Abstract .................................................................................................................................... 1 Are you Well-Architected? ........................................................................................................... 1 Introduction .............................................................................................................................. 1 Amazon Connect ................................................................................................................................ 4 Data lake design principles ................................................................................................................. -
LEVERAGING BUSINESS INTELLIGENCE in SECURITY STRATEGY Oday, Nothing Is More Critical to Security and HARNESS BIG DATA Loss Prevention Operations Than Meaningful Data
LEVERAGING BUSINESS INTELLIGENCE IN SECURITY STRATEGY oday, nothing is more critical to security and HARNESS BIG DATA loss prevention operations than meaningful data. Every department within the operation Today, the sources and volume of data collected have bears the responsibility to not only provide exploded. Security operations collect every event and T incident from every transaction from various sources useful data, but to continually improve the value of that data. Business Intelligence (BI) is used to help including telephone/radio calls, alarms, environmen- companies gain insight into their operations; segment tal sensors, intrusion-detection systems, and video and target information to improve customer security, surveillance. safety, and experience while finding anomalies in the The modern security department uses a set of pro- heaps of data to run more efficiently and effectively. cesses and supporting technologies for data manage- This white paper explores how to change the game ment to allow security practitioners greater flexibility for companies. Learn how to collect and leverage in cobbling together disparate systems into a unified data to achieve effective loss prevention, risk mitiga- security information system that enables Security Di- tion, efficient fraud detection, incident analysis, and rectors to know exactly what’s going on, in real-time monitoring. while providing analysis to generate actionable items that can give security operations the agility it needs CAPITALIZING ON BIG DATA: Strategies outperforming companies are taking to deliver results Leaders are And are % % 75 166 2.2x of Leaders cite more likely to more likely to growth as the make most have formal key source of decisions career path value from based on data for analytics analytics 80% 60% 85% Leaders measure Leaders have Leaders have the impact predictive some form of of analytics analytics shared analytics investments capabilities resources Leveraging Business Intelligence in Security Strategy in times of crises. -
6 Levels of Business Intelligence Value
6 Levels of Business Intelligence Value In today’s hyper-competitive market environment, business intelligence continues to be an area of investment and interest for businesses. The ability to turn raw data into meaningful and useful information that can impact business performance 6 Levels of is a powerful value proposition. And, with technology and ease-of-use advances, BI Value business intelligence solutions today are more accessible to everyone across an organization – from supply chain managers to the vice president of sales to the C-suite. Yet many businesses are only scratching the surface of what’s possible with business intelligence. To realize the potential of business intelligence and take its value to the next level in your organization, you need a solid understanding of where you are, what you want to achieve, and what’s possible. From generating reports and charts that depict business performance, to implementing a truly transformative solution that uses powerful advanced analytics to predict behaviors and outcomes, business intelligence can be a strategic weapon that significantly impacts your bottom-line. The following 6 Levels of Business Intelligence Value depict types of analytical capabilities and their related value. The potential is huge. What level of value is your organization achieving today? Where will you take it tomorrow? High • What will happen? Machine Learning Prescriptive • When will it happen? Potential outcomes based • Why will it happen? on complex interactions Predictive • Based on historical data, -
Pervasive Business Intelligence Techniques and Technologies to Deploy BI on an Enterprise Scale
THIRD QUArtER 2008 TDWI BEST PRACtiCES REPORT PERVASIVE BUSINESS INTELLIGENCE Techniques and Technologies to Deploy BI on an Enterprise Scale By Wayne W. Eckerson www.tdwi.org Research Sponsors Business Objects, an SAP company Corda Technologies InetSoft Technology Corp. LogiXML Microsoft MicroStrategy SAS Strategy Companion third QUArtER 2008 TDWI BEST PRACtiCES REPORT PERVASIVE BUSINESS INTELLIGENCE By Wayne W. Eckerson T echniques and Technologies to Deploy BI on an Enterprise Scale Table of Contents Research Methodology . 3 Executive Summary . 4 Introduction . 5 BI Tool Adoption and Usage Rates . 6 Role-Based Adoption . 6 Adoption Obstacles . 7 Impediments to Usage . 8 Systems Theory and Business Intelligence . 11 The BI Tipping Point . 11 “Limits to Growth” Archetype . 12 Leverage Points . 14 Usability . 17 Design . 17 Support . 23 Architecture . 25 Change Management . 27 Project Management . 29 Recommendations . 31 www.tdwi.org 1 PERVasiVE busiNEss INTElligENCE About the Author WAYNE ECKERSON is the director of TDWI Research at The Data Warehousing Institute. Eckerson is an industry analyst, consultant, and educator who has served the DW and BI community since 1995. Among his numerous published works, Eckerson is author of the bestselling book Performance Dashboards: Measuring, Monitoring, and Managing Your Business. He is also the author of TDWI’s BI Maturity Model and Assessment Service, which enables organizations to benchmark their BI programs against industry norms. Eckerson speaks frequently at industry events and works closely with BI teams to optimize the agility and value of their BI initiatives. He can be reached at [email protected]. About TDWI TDWI, a division of 1105 Media, Inc., is the premier provider of in-depth, high-quality education and research in the business intelligence and data warehousing industry. -
Evaluating Business Intelligence / Business Analytics Software for Use in the Information Systems Curriculum
Information Systems Education Journal (ISEDJ) 13 (1) ISSN: 1545-679X January 2015 Evaluating Business Intelligence / Business Analytics Software for Use in the Information Systems Curriculum Gary Alan Davis [email protected] Charles R. Woratschek [email protected] Computer and Information Systems Robert Morris University Moon Township, PA 15108 USA Abstract Business Intelligence (BI) and Business Analytics (BA) Software has been included in many Information Systems (IS) curricula. This study surveyed current and past undergraduate and graduate students to evaluate various BI/BA tools. Specifically, this study compared several software tools from two of the major software providers in the BI/BA field. The participants in the study evaluated each software tool according to three key criteria: 1) functionality, 2) ease of use, and 3) learning effectiveness. The “learning effectiveness” criterion was used to determine which BI/BA tools provided the most effective learning of BI/BA concepts in the IS classroom. The three criteria were used to develop recommendations for including specific BI/BA software tools in the IS curriculum. Based on the findings of the study, the authors recommend that colleges and universities consider the use of the IBM-Cognos suite of tools as a viable means for teaching BI/BA concepts in their Information Systems curricula. The results of the study are relevant to any college or university that currently includes (or is considering the inclusion of) Business Intelligence / Business Analytics concepts in its Information Systems curriculum. Keywords: Business Intelligence, Business Analytics, Software Evaluation, Information Systems Curriculum 1. INTRODUCTION students who are attending/have attended BI/BA-related courses. -
Building Big Data Storage Solutions (Data Lakes) for Maximum Flexibility
Building Big Data Storage Solutions (Data Lakes) for Maximum Flexibility July 2017 © 2017, Amazon Web Services, Inc. or its affiliates. All rights reserved. Notices This document is provided for informational purposes only. It represents AWS’s current product offerings and practices as of the date of issue of this document, which are subject to change without notice. Customers are responsible for making their own independent assessment of the information in this document and any use of AWS’s products or services, each of which is provided “as is” without warranty of any kind, whether express or implied. This document does not create any warranties, representations, contractual commitments, conditions or assurances from AWS, its affiliates, suppliers or licensors. The responsibilities and liabilities of AWS to its customers are controlled by AWS agreements, and this document is not part of, nor does it modify, any agreement between AWS and its customers. Contents Introduction 1 Amazon S3 as the Data Lake Storage Platform 2 Data Ingestion Methods 3 Amazon Kinesis Firehose 4 AWS Snowball 5 AWS Storage Gateway 5 Data Cataloging 6 Comprehensive Data Catalog 6 HCatalog with AWS Glue 7 Securing, Protecting, and Managing Data 8 Access Policy Options and AWS IAM 9 Data Encryption with Amazon S3 and AWS KMS 10 Protecting Data with Amazon S3 11 Managing Data with Object Tagging 12 Monitoring and Optimizing the Data Lake Environment 13 Data Lake Monitoring 13 Data Lake Optimization 15 Transforming Data Assets 18 In-Place Querying 19 Amazon Athena 20 Amazon Redshift Spectrum 20 The Broader Analytics Portfolio 21 Amazon EMR 21 Amazon Machine Learning 22 Amazon QuickSight 22 Amazon Rekognition 23 Future Proofing the Data Lake 23 Contributors 24 Document Revisions 24 Abstract Organizations are collecting and analyzing increasing amounts of data making it difficult for traditional on-premises solutions for data storage, data management, and analytics to keep pace. -
A Model to Manage Cooperative Project Risks to Create Knowledge and Drive Sustainable Business
sustainability Article A Model to Manage Cooperative Project Risks to Create Knowledge and Drive Sustainable Business Marco Nunes 1,* , António Abreu 2,3,* and Célia Saraiva 4 1 Department of Industrial Engineering, University of Beira Interior, 6201-001 Covilhã, Portugal 2 Department of Mechanical Engineering, Polytechnic Institute of Lisbon, 1959-007 Lisbon, Portugal 3 CTS Uninova, Centre of Technology and Systems, 2829-516 Caparica, Portugal 4 Department of Science and Technology, Universidade de Trás-os-Montes e Alto Douro, Quinta de Prados, 5000-801 Vila Real, Portugal; [email protected] * Correspondence: [email protected] or [email protected] (M.N.); [email protected] (A.A.) Abstract: Efficient cooperation between organizations across all the phases of a project lifecycle is a critical factor to increase the chances of project success and drive sustainable business. However, and according to research, despite the large benefits that efficient organizational cooperation provides to organizations, they are still often reluctant to engage in cooperative partnerships. The reviewed literature argues that the major reason for such a trend is due to the lack of efficient and actionable supportive models to manage organizational cooperative risks. In this work we propose a model to efficiently support the management of organizational cooperative risks in project environments. The model, MCPx (management of cooperative projects), was developed based on four critical scientific pillars, (1) project risk management, (2) cooperative networks, (3) social network analysis, and (4) business intelligence architecture, and will analyze in a quantitative way how project cooperative behaviors evolve across a bounded time period, and to which extent they can turn into a cooperative Citation: Nunes, M.; Abreu, A.; project risk (essentially potential threats). -
Cost Modeling Data Lakes for Beginners How to Start Your Journey Into Data Analytics
Cost Modeling Data Lakes for Beginners How to start your journey into data analytics November 2020 Notices Customers are responsible for making their own independent assessment of the information in this document. This document: (a) is for informational purposes only, (b) represents current AWS product offerings and practices, which are subject to change without notice, and (c) does not create any commitments or assurances from AWS and its affiliates, suppliers or licensors. AWS products or services are provided “as is” without warranties, representations, or conditions of any kind, whether express or implied. The responsibilities and liabilities of AWS to its customers are controlled by AWS agreements, and this document is not part of, nor does it modify, any agreement between AWS and its customers. © 2020 Amazon Web Services, Inc. or its affiliates. All rights reserved. Contents Introduction .......................................................................................................................... 1 What should the business team focus on?...................................................................... 2 Defining the approach to cost modeling data lakes ........................................................... 2 Measuring business value ................................................................................................... 4 Establishing an agile delivery process ................................................................................ 5 Building data lakes ............................................................................................................. -
A Comprehensive Study of Recent Metadata Models for Data Lake
DATA ANALYTICS 2020 : The Ninth International Conference on Data Analytics A Comprehensive Study of Recent Metadata Models for Data Lake Redha Benaissa∗yz, Omar Boussaidy, Aicha Mokhtariz, and Farid Benhammadix ∗x DBE Laboratory, Ecole Militaire Polytechnique, Bordj el Bahri, Algiers, Algeria y ERIC, Universite de Lyon, Lyon 2, France z RIIMA Laboratory, USTHB University, Algiers, Algeria Email: ∗[email protected], [email protected], [email protected], [email protected] Data Source Abstract—In the era of Big Data, an un amount of 1 precedented Data Discovery Data Source heterogeneous and unstructured data is generated every day, 2 which needs to be stored, managed, and processed to create new services and applications. This has brought new concepts in data Data Source n Construction of Data Storage management such as Data Lakes (DL) where the raw data is Catalog stored without any transformation. Successful DL systems deploy efficient metadata techniques in order to organize the DL. This paper presents a comprehensive study of recent metadata models for Data Lake that points out their rationales, strengths, and Query Tools weaknesses. More precisely, we provide a layered taxonomy of recent metadata models and their specifications. This is followed Figure 1. Data management process in a Data Lake. by a survey of recent works dealing with metadata management in DL, which can be categorized into level, typology, and content extraction of the right metadata to build the catalog remains a metadata. Based on such a study, an in-depth analysis of key challenging issue. features, strengths, and missing points is conducted. This, in turn, allowed to find the gap in the literature and identify open research This paper presents a comprehensive study of recent meta- issues that require the attention of the community. -
Conversational BI: an Ontology-Driven Conversation System for Business Intelligence Applications
Conversational BI: An Ontology-Driven Conversation System for Business Intelligence Applications Abdul Quamar1, Fatma Ozcan¨ 1, Dorian Miller2, Robert J Moore1, Rebecca Niehus2, Jeffrey Kreulen2 1IBM Research AI, 2IBM Watson Health 1ahquamar|fozcan|[email protected], 2millerbd|rniehus|[email protected] ABSTRACT Business intelligence (BI) applications play an important role in the enterprise to make critical business decisions. Conversational interfaces enable non-technical enterprise us- ers to explore their data, democratizing access to data signif- icantly. In this paper, we describe an ontology-based frame- Business Model work for creating a conversation system for BI applications (Cube Definition) termed as Conversational BI. We create an ontology from a business model underlying the BI application, and use this ontology to automatically generate various artifacts of the conversation system. These include the intents, entities, as well as the training samples for each intent. Our approach builds upon our earlier work, and exploits common BI ac- RDBMS cess patterns to generate intents, their training examples Figure 1: Traditional BI System Architecture and adapt the dialog structure to support typical BI op- erations. We have implemented our techniques in Health etc. Figure 1 shows a typical architecture of a BI stack. Insights (HI), an IBM Watson Healthcare offering, provid- The underlying data resides in a traditional RDBMS, and ing analysis over insurance data on claims. Our user study a business model is created in terms of an OLAP cube def- demonstrates that our system is quite intuitive for gaining inition [13] that describes the underlying data in terms of business insights from data. -
Harness the Power of Your Data
Harness the power of your data: Why Financial Services institutions are building data lakes on AWS What is a data lake? A data lake is a centralized repository that allows you to store all structured and unstructured data at scale and run flexible analytics Financial institutions are collecting such as dashboards, visualizations, big data processing, real-time analytics, and machine learning, to guide better decisions. and storing massive amounts of data Machine The Financial Services industry has relied on traditional data infrastructures Learning Analytics for decades, but traditional data solutions can’t keep up with the volumes and variety of data financial institutions are collecting today. A cloud-based data lake helps financial institutions store all of their data in one central repository, making it easy to support compliance priorities, realize cost efficiencies, perform forecasts, execute risk assessments, better understand customer behavior, and drive innovation. AWS delivers an integrated suite of services that provides the capabilities needed to quickly build and manage a secure data lake that is ready for analysis and the application of machine learning. In this overview, learn how financial institutions are unlocking the value of their data by building data lakes on AWS. On-Premises Real-Time Data Movement Data Movement © 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved. | 2 There are many benefits to building adata lake on AWS Compliance & Security Scalability Agility Innovation Cost effective Encrypt highly sensitive Amazon S3 data lakes allow any Perform ad-hoc and Aggregated and normalized Pay-as-you-go pricing data and enable controls type of data to be stored at any cost-effective analytics on a data sets provide a foundation for compute, storage, for data access, auditability, scale, making it easy to meet per-query basis without moving for advanced analytics and and analytics.