Explain different phases in development of business intelligence system. Answer: Phases in the development of Business Intelligence System: Analysis :
During the first phase, the needs of the organization relative to the development
of a business intelligence system should be carefully identified.
This preliminary phase is generally conducted through a series of interviews of
knowledge workers performing different roles and activities within the
organization. It is necessary to clearly describe the general objectives and
priorities of the project, as well as to set out the costs and benefits deriving from
the development of the business intelligence system.
Design :
The second phase includes two sub-phases and is aimed at deriving a provisional
plan of the overall architecture, taking into account any development in the near
future and the evolution of the system in the mid-term. First, it is necessary to
make an assessment of the existing information infrastructure...
What is bi cycle These four stages are the “business intelligence cycle.” It starts with defining objectives, proceeds to gathering and organizing information, analyzing it, and setting parameters for measuring and monitoring business performance going forward. Phase 1: Setting Clear Objectives The effective use of BI begins with an awareness that BI is fundamentally different from reporting and has strategic implications if it is used to its full potential. At the outset of a BI project (and on a periodic basis thereafter), business leaders should define the playing field in which they mean to operate. In many organizations, the initial focus for BI is on understanding the company’s existing customers, especially with respect to their buying behavior. Others may choose to zero in on sales performanc Phase 2: Gathering and Organizing Data Whatever your company’s top priorities may be, it’s helpful to brainstorm a list of potential questions around those topics. Ultimately, ...
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