ANALYSING MULTIDIMENSIONAL DATABASES USING DATA MINING AND BUSINESS INTELLIGENCE TO PROVIDE DECISION SUPPORT

Author(s):  
Zsolt T. Kardkovács

Whenever decision makers find out that they want to know more about how the business works and progresses, or why customers do what they do, then data miners are summoned, and business intelligence is to be built or altered. Data mining aims at retrieving valid, interesting, explicable connection between key factors for either operative reporting or supporting strategic planning. While data mining discovers static connections between factors, business intelligence visualizes relevant data for decision makers in order to make them identify fast changes and analyze precisely business states. In this chapter, the authors give a short introduction for data oriented decision support systems with data mining and business intelligence in it. While these techniques are widely used in business processes, there are much more bad practices than good ones. We try to make an attempt to demystify and clear the myths about these technologies, and determine who should and how (not) to use them.


Author(s):  
Edilberto Casado

This chapter explores the opportunities to expand the forecasting and business understanding capabilities of Business Intelligence (BI) tools with the support of the system dynamics approach. System dynamics tools can enhance the insights provided by BI applications — specifically by using data-mining techniques, through simulation and modeling of real world under a “systems thinking” approach, improving forecasts, and contributing to a better understanding of the business dynamics of any organization. Since there is not enough diffusion and understanding in the business world about system dynamics concepts and advantages, this chapter is intended to motivate further research and the development of better and more powerful applications for BI.


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