Unlock the Power of Intelligent Business Analytics

Table of Contents

1. Introduction
2. Understanding the Need for Business Intelligence
3. The Benefits of Business Intelligence
4. Real-Time Analytics and Dashboards
5. Demand Forecasting and Planning
6. Building and Deploying OLAP Cubes
7. The Difference Between Queries and Cubes
8. Selecting the Right Business Intelligence Solution
9. Native BI Tools for IBM i Enterprise
10. Conclusion

Introduction

Welcome to the Intelligent Business webinar for VR/IBM professionals. In this webinar, we will dive into the world of business intelligence for IBM i. We will explore the need for business intelligence and its benefits, along with practical demonstrations. Get ready to enhance your analytical capabilities and improve decision-making within your organization.

Understanding the Need for Business Intelligence

As the amount of information available grows rapidly, organizations need effective ways to manage and make this information actionable. However, viewing and dissecting this overwhelming amount of information can be a challenge. The problem lies in finding a Meaningful format that allows us to effectively use the information. In this section, we will explore the concept of information overload and the importance of Timely and Relevant data in decision-making.

The Benefits of Business Intelligence

Business intelligence offers numerous benefits to organizations. It provides deeper insights, streamlines budgets, supports planning, optimizes cash flow, and increases profitability. Additionally, a robust business intelligence system aids in making better decisions, fostering collaboration, and improving customer service and satisfaction. By connecting information about customers and understanding their needs, organizations can predict customer requirements and provide better service. We will Delve into these benefits in Detail in this section.

Real-Time Analytics and Dashboards

Real-time or near-time access to analytics is crucial for understanding the ebb and flow of business information. It enables better decision-making in an increasingly competitive world. Business intelligence portals and dashboards allow executives and stakeholders to access pertinent information on their mobile devices and laptops, fostering stronger relationships and driving profitability. In this section, we will explore the power of real-time analytics and demonstrate how analytics can be accessed through native IBM I tools.

Demand Forecasting and Planning

Demand forecasting and planning are essential business processes that involve predicting future demand for products and services and aligning production and distribution capabilities accordingly. Accurate forecasting helps companies set appropriate inventory levels, avoid stockouts, and maintain optimal service levels. In this section, we will discuss the significance of demand forecasting and planning and showcase how it can be efficiently achieved through visual analysis and interaction.

Building and Deploying OLAP Cubes

OLAP cubes play a pivotal role in business intelligence. They serve as a multidimensional database for analyzing business data. Building and deploying OLAP cubes can be a complex task, but with the right tools and approach, it becomes simple and powerful. In this section, we will guide You through the process of creating OLAP cubes, showcasing automated steps and the flexibility to override parameters. We will demonstrate how these cubes can be seamlessly integrated into interactive dashboards.

The Difference Between Queries and Cubes

While queries provide static information retrieved from a database, cubes offer dynamic and interactive analysis. Cubes facilitate drill-down capabilities, allowing users to explore data from different angles and Dimensions. In this section, we will compare the two methodologies and highlight the advantages of using cube-Based analytics for real-time reporting and decision-making.

Selecting the Right Business Intelligence Solution

Choosing the right business intelligence solution is crucial for maximizing the benefits of data analysis. There are various factors to consider, such as real-time analytics, browser-based compatibility, unlimited user access, and customizable dashboards. In this section, we will provide a checklist of essential criteria to guide you in selecting the most suitable business intelligence solution for your organization.

Native BI Tools for IBM i Enterprise

Native IBM I tools offer a powerful and efficient way to harness business intelligence within your enterprise. These tools provide real-time analytics, eliminate the need for data warehouses, and offer unlimited user access. With intuitive web portals and customizable dashboards, you can Visualize and analyze data effectively. In this section, we will showcase the native BI tools available for IBM i enterprise and how they empower organizations to make data-driven decisions.

Conclusion

Business intelligence is no longer a luxury, but a necessity for organizations striving for success. By harnessing the power of data, organizations can gain deeper insights, optimize decision-making, and foster profitable relationships. In this webinar, we have explored the need for business intelligence, its benefits, and the tools available for IBM i enterprise. By leveraging these tools, you can unlock the true potential of your data and drive your organization towards intelligent business practices.

Highlights

• Understand the need for business intelligence in the era of information overload
• Explore the benefits of real-time analytics and dashboards for better decision-making
• Learn the significance of demand forecasting and planning in optimizing inventory levels
• Discover how to build and deploy OLAP cubes for efficient data analysis
• Understand the advantages of cube-based analytics over traditional queries
• Select the right business intelligence solution to meet your organization's needs
• Harness native IBM I tools for real-time analytics and customizable dashboards
• Unlock the power of data to drive intelligent business practices

FAQ

Q: What is the difference between business intelligence and data analytics?
A: Business intelligence focuses on providing actionable insights and facilitating decision-making within an organization, while data analytics involves the exploration and interpretation of data to uncover patterns, trends, and insights.

Q: Can business intelligence tools integrate with existing enterprise systems?
A: Yes, modern business intelligence tools are designed to integrate seamlessly with various enterprise systems, including ERP systems, CRM systems, and data warehouses. This integration allows for efficient data extraction and analysis.

Q: How can business intelligence help improve customer service and satisfaction?
A: Business intelligence enables organizations to gain a better understanding of customer needs and preferences. By analyzing customer data, organizations can personalize their offerings, anticipate customer requirements, and provide more efficient and effective customer service.

Q: Are real-time analytics only beneficial for large organizations?
A: Real-time analytics can benefit organizations of all sizes. Having access to up-to-date information enables organizations to make timely decisions, identify emerging trends, and respond quickly to changing market conditions. Small and medium-sized businesses can also leverage real-time analytics to gain a competitive edge.

Q: What are the key considerations when selecting a business intelligence solution?
A: When selecting a business intelligence solution, consider factors such as ease of use, scalability, integration capabilities, real-time analytics, customizable dashboards, and user access. It is essential to choose a solution that aligns with your organization's specific needs and goals.