scholarly journals Dashboard for performance monitoring of toll stations

2021 ◽  
Vol 67 (4) ◽  
pp. 9-16
Author(s):  
Gordana Radivojević ◽  
Gorana Šormaz ◽  
Bratislav Lazić

Business Intelligence (BI) is a modern approach to the processing of large amounts of data and their transformation into quality information. Dashboards are a type of BI application that improves the decision-making system by giving importance to cognitive and human perception abilities. The way of presenting and visualizing data and information on the dashboard provides better, more reliable and faster decision-making. The paper presents a dashboard for performance monitoring of toll stations on the highway, which allows the analysis of traffic flows and engaged resources at the level of one day. Performance includes various characteristics that describe the functioning of the process and activities and can be obtained for each station in the toll collection system. The designed dashboard enables the display of business performance, quality data visualization, fast and clear inference about the operation of the system, and a good basis for decision making.

2021 ◽  
Vol 67 (4) ◽  
pp. 9-16
Author(s):  
Gordana Radivojević ◽  
Gorana Šormaz ◽  
Bratislav Lazić

Business Intelligence (BI) is a modern approach to the processing of large amounts of data and their transformation into quality information. Dashboards are a type of BI application that improves the decision-making system by giving importance to cognitive and human perception abilities. The way of presenting and visualizing data and information on the dashboard provides better, more reliable and faster decision-making. The paper presents a dashboard for performance monitoring of toll stations on the highway, which allows the analysis of traffic flows and engaged resources at the level of one day. Performance includes various characteristics that describe the functioning of the process and activities and can be obtained for each station in the toll collection system. The designed dashboard enables the display of business performance, quality data visualization, fast and clear inference about the operation of the system, and a good basis for decision making.


2018 ◽  
Vol 28 (5) ◽  
pp. 1489-1496
Author(s):  
Branislav Stanisavljević

Research carried out in the last few years as the example of companies belonging to the category of medium-size enterprises has shown that, for example, typical enterprises, of the total number of data processed in information of importance for its business, seriously takes into consideration and process only 10% of the observed firms. It is justifiable to ask whether these 10% of the processed and analyzed business information can have an adequate potential or motive power to direct the organization to success that is measured by competitive advantages and on a sustainable basis? Or, the question can be formulated: what happens to the rest, mostly 90% of the information that the enterprise does not transform into a form suitable for business analysis and decision-making. It is precisely the task of business intelligence to find a way to utilize all the data collected and processed in the business decision-making process. In this regard, we can conclude that Business Intelligence is, in fact, the framework title for all tools and / or applications that will enable the collection, processing, analysis, distribution to decision-making bodies in the business system in order to derivate from this information valid business decisions - as the most important and / or most important task of the manager. Of course, from an economic point of view, the best decisions are management decisions that provide a lasting competitive advantage and achieve maximum financial performance. This means that business intelligence actually allows a more complete and / or comprehensive view of the overall business performance of all its parts and subsystems. But the system functions can be measured essential and positive economic and financial performance, as well as the position in the branch of the business to which it belongs, and wider, within the national economy. (Of course, today the boundaries of the national economy have become too crowded for many companies, bearing in mind globalization and competitiveness in the light of organization of work and business function). The advantage of business intelligence as a model, if accepted at the organization level, ensures that each subsystem in the organization receives precisely the information needed to make development decisions, but also decisions regarding operational activities. So, it should be born in mind that business intelligence does not imply that information is shared on some key words, on the contrary, the goal is to look at the context of the business, or in general, and that anyone in the further decision hierarchy can manage exactly the same information that is necessary for achieving excellent business performance. Because, if the insight into the information is not complete, the analysis is based on the description of individual parts, i.e. proving partial performance in the realization of individual information, which can certainly create a space for the loss of the expensive time and energy. Illustratively, if the view, or insight into the information, is not 100%, then all business decision-making is like the song of J.J. Zmaj "Elephant", about an elephant and a blindmen, where everyone feels and act only on the base of the experienced work, and brings judgment on what is what or what can be. As in this song for children, everyone thinks that he touches different animals and when they make claims about what they feel, everyone describes a completely different life. Therefore, business intelligence implies that information is fully considered and it is basically the basis or knowledge base, and therefore the basis of business excellence. In doing so, the main problem is how information is transformed into knowledge and based on it in business decision making. It is precisely in this segment that the main advantage of business intelligence is its contribution to the knowledge and business of the company based on power of knowledge. Therefore, for modern business conditions, it is characteristic that the management of the company is realized on the basis of partial knowledge about stakeholders (buyers, suppliers, competitors, shareholders, governments, institutional framework, legislation), and only a complete overview of managers at the highest level in all these partial interest groups allows managers to have a “boat” called the organization of labor leading a safe hand through the storm, Scile and Haribde threatens to endanger business, towards a calm sea and a safe harbor - called a sustainable competitive advantage based on power and knowledge.


Author(s):  
Jorge Bernardino ◽  
Pedro Caldeira Neves

The importance of supporting decision making for improving business performance is a crucial, yet challenging task in enterprise management. The amount of data in our world has been exploding and Big Data represents a fundamental shift in business decision-making. Analyzing such so-called Big Data is becoming a keystone of competition and the success of organizations depends on fast and well-founded decisions taken by relevant people in their specific area of responsibility. Business Intelligence (BI) is a collection of decision support technologies for enterprises aimed at enabling knowledge workers such as executives, managers, and analysts to make better and faster decisions. We review the concept of BI as an open innovation strategy and address the importance of BI in revolutionizing knowledge towards economics and business sustainability. Using Big Data with Open Source Business Intelligence Systems will generate the biggest opportunities to increase competitiveness and differentiation in organizations. In this chapter, we describe and analyze four popular open source BI systems - Jaspersoft, Jedox, Pentaho and Actuate/BIRT.


Web Services ◽  
2019 ◽  
pp. 431-458 ◽  
Author(s):  
Jorge Bernardino ◽  
Pedro Caldeira Neves

The importance of supporting decision making for improving business performance is a crucial, yet challenging task in enterprise management. The amount of data in our world has been exploding and Big Data represents a fundamental shift in business decision-making. Analyzing such so-called Big Data is becoming a keystone of competition and the success of organizations depends on fast and well-founded decisions taken by relevant people in their specific area of responsibility. Business Intelligence (BI) is a collection of decision support technologies for enterprises aimed at enabling knowledge workers such as executives, managers, and analysts to make better and faster decisions. We review the concept of BI as an open innovation strategy and address the importance of BI in revolutionizing knowledge towards economics and business sustainability. Using Big Data with Open Source Business Intelligence Systems will generate the biggest opportunities to increase competitiveness and differentiation in organizations. In this chapter, we describe and analyze four popular open source BI systems - Jaspersoft, Jedox, Pentaho and Actuate/BIRT.


2020 ◽  
Vol 2 (4) ◽  
pp. 15
Author(s):  
Sergio Henrique Monte Santo Andrade

In a digital era, traditional areas like Human Resources have to adapt themselves to stay alive and competitive. The processes have been drasticallychanging from paper and talks into systems and workflows. Data is now morethan ever in the spotlight and have become an essential asset to ensure delivery, performance, quality and predictability. But first, data has to be organized, combined, verified, treated and transformed to become meaningful information, not forgetting automatized to be delivered in time and supporting decision making in a daily basis. Business Intelligence (BI) is the tool capable to do it and we are the minds to pull it off.


Author(s):  
Richard T. Herschel

Big data is driving new forms of competition, new waves of productivity growth, innovation, and providing unique ways to interact with customers. Big data is comprised of a wealth of unstructured data that is being transmitted and captured by organizations to enhance business intelligence efforts. The forms that big data takes include text, video, voice, location data, social media, and its growth is exponential. Big data encompasses multiple dimensions, including volume, variety, velocity, veracity, variability, and complexity. Despite the opportunities that big data presents, organizations are having difficulty managing it, especially in the areas of data management and data governance. Executive involvement is critical to ensuring quality data for business intelligence as well as to ensure that their firms will be able to attract the necessary talent to effectively engage in BI analytics. It is recommended that management take a common-sense approach to dealing with big data to ensure that data-driven decision making is not compromised.


Author(s):  
Richard T. Herschel

Big data is driving new forms of competition, new waves of productivity growth, innovation, and providing unique ways to interact with customers. Big data is comprised of a wealth of unstructured data that is being transmitted and captured by organizations to enhance business intelligence efforts. The forms that big data takes include text, video, voice, location data, social media, and its growth is exponential. Big data encompasses multiple dimensions, including volume, variety, velocity, veracity, variability, and complexity. Despite the opportunities that big data presents, organizations are having difficulty managing it, especially in the areas of data management and data governance. Executive involvement is critical to insuring quality data for business intelligence as well as to insure that their firms will be able to attract the necessary talent to effectively engage in BI analytics. It is recommended that management take a common sense approach to dealing with big data to insure that data-driven decision-making is not compromised.


2016 ◽  
Vol 14 (2) ◽  
pp. 27-35
Author(s):  
Dinko Herman Boikanyo ◽  
Ronnie Lotriet ◽  
Pieter W. Buys

The main objective of this research study is to investigate the extent to which business intelligence, competitive intelligence and marketing intelligence are used within the mining industry. Business intelligence, competitive intelligence and marketing intelligence are the management tools used to mine information to produce up-to-date intelligence and knowledge for operative and strategic decision making. A structured questionnaire is used for the study. A total of 300 mines are randomly selected from a research population of mining organizations in South Africa, Africa and globally. The respondents are all part of senior management. A response rate of 64% is achieved. The results indicat that more than half of the respondents do not have real-time intelligence and proper data mining tools to identify patterns and relationships within a data warehouse. Although a large proportion agrees that their organizations have systematic ways of gathering these different types of intelligence and use them for strategic decision making, there is a significant proportion that did not have any systems. Statistically and practically significant positive relationships with a large effect are found among the dimensions of business intelligence, marketing intelligence, competitive intelligence and perceived business performance


2019 ◽  
Vol 8 (4) ◽  
pp. 12365-12372

In the modern era, technology plays a vital role by contributing in the development of business by providing various tools and techniques to enhance the business decision-making process. Data warehouse is an important entity that contributes to the decision-making process, which can be seen in the literature available over the years. Data warehouse provides the basis for quality analysis of available data by deriving accurate information from data. Like many other industries, banking sector is also facing challenges due to various reasons like large over-dues, non-performing assets, changing customer demographics, matching customer expectation levels, increased competition from financial technological companies and banking competitors, etc. Thus data warehouse system serves to be the best solution for the banks to overcome challenges as data warehouse system integrates all the data at one place and provides a consolidated view of the past transactions which can be used for report generation and performing analytical analysis in order to help the management to maximize business performance. In addition to making strategic decisions, data warehouse also assist in helping the banks to improve customer retention, optimize discounting, market segmentation, business performance, customer deposits, etc. Thus, a data warehouse system provides a solution to all data management problem and generate patterns and reports for analytical end users for enhancing decision making processes. In this research paper, we shall be representing a bank model that focuses on the loan department of a bank data warehouse and shall be explaining how business intelligence plays a role in improving the loan analysis for the banks. Loan analysis may include summarizing the classified loans, analyzing loans within and exceeding the threshold limits of Loan-To-Value (LTV) ratio, analysis of loan rejections and other analysis pertaining to loans.


2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Abdul Hamid Arribathi ◽  
Maimunah Maimunah ◽  
Devi Nurfitriani

This study aims to determine the stages that must be implemented in building a Business Intelligence System structured and appropriate in building Business Intelligence Systems in an organization, and understand the important aspects that must be considered for investment development Business Intelligence System is increasing. Business must be based on the conditions and needs of the organization in achieving the desired goals. If these conditions occur, then the decision-making process will be better and more accurate. The purpose of this study is to determine the important aspects that must be understood and prepared in using the Business Intelligence System in an organization. The method used is the explanation as well as the research library of several books, articles and other literature.


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