Second Chance11
Second Chance11
Second Chance11
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that
making a false declaration is a form of malpractice.
Grading grid
P1 P2 M1 M2 D1 D2
1
❒ Summative Feedback: ❒ Resubmission Feedback:
IV Signature:
2
Tables of contents
I. INTRODUCTION...................................................................................................................................5
II. TABLE OF CONTENTS....................................................................................................................6
P1 Examine, using examples, the terms "Business Process" and "Supporting Processes".........................6
1. What is BI?.......................................................................................................................................6
1.1. Definition of BI............................................................................................................................6
1.2. Explain..........................................................................................................................................8
1.3. Benefits of Business Intelligence.................................................................................................8
2. Business processes.........................................................................................................................11
3. Decision support processes............................................................................................................17
P2 Compare the types of support available for business decision making at varying levels within an
organisation...............................................................................................................................................19
1. Some tools for BI...........................................................................................................................19
2. Data visualization...........................................................................................................................24
3. Type of decision operational, tactical and strategic.......................................................................29
4. Compare the types of support available for business in your scenario..........................................30
III. CONCLUSION.......................................................................................................................................32
V. REFERENCES........................................................................................................................................33
3
Tables of figure
Figure 1: Slide 1..............................................................................................................................................6
Figure 2: BI.....................................................................................................................................................7
Figure 3: Slide 4..............................................................................................................................................7
Figure 4: Slide 5..............................................................................................................................................8
Figure 5: Slide 6..............................................................................................................................................9
Figure 6: Slide 7............................................................................................................................................10
Figure 7: Slide 8............................................................................................................................................11
Figure 8: Business process............................................................................................................................11
Figure 9: Slide 9............................................................................................................................................12
Figure 10: Business Process Lifecycle.........................................................................................................13
Figure 11: Slide 10........................................................................................................................................13
Figure 12:Slide 11.........................................................................................................................................15
Figure 13:Slide 12.........................................................................................................................................15
Figure 14:Slide 13.........................................................................................................................................17
Figure 15: Decision support process.............................................................................................................17
Figure 16:Slide 14.........................................................................................................................................19
Figure 17: Microsoft Power BI.....................................................................................................................20
Figure 18: Tableau........................................................................................................................................21
Figure 19: Sisense.........................................................................................................................................23
Figure 20: Slide 16........................................................................................................................................24
Figure 21: Data visualization........................................................................................................................25
Figure 22: Slide 17........................................................................................................................................25
Figure 23: Benefits of data visualization......................................................................................................26
Figure 24: Slide 18........................................................................................................................................28
Figure 25: Slide 19........................................................................................................................................30
4
Figure 26:Slide 20.........................................................................................................................................31
I. INTRODUCTION
Our company has been working in an FPT shop for 2 years. FPT shop is an online sales platform. For a
new, young company, the competition in the market is very high. Therefore, the Board of Directors has
decided to apply Business Intelligence to improve the company business process by making better
decisions.
The Board of Directors tasked us with researching business processes and decision support processes
within the company and identifying data types (unstructured, semi-structured or structured). We will also
study current software used in business or decision support processes and evaluate these uses (including
benefits and drawbacks).
Next we will understand the types of support for decision-making at different levels (operational, tactical
and strategic) within the company and study which business intelligence features can help on that type of
support. Study the information systems or technologies (of BI) that can be used in this case, compare and
contrast them to conclude which should be used.
5
II.TABLE OF CONTENTS
P1 Examine, using examples, the terms "Business Process" and "Supporting Processes"
Here is the intro slide and table of contents:
Figure 1: Slide 1
1. What is BI?
1.1. Definition of BI
Business Intelligence refers to the process of collecting, analyzing, and transforming raw data into
meaningful insights and actionable information for businesses to make informed decisions. It involves
the use of technology, tools, and methodologies to gather data from various sources, organize it, and
present it in a format that can be easily understood and utilized by decision-makers.
6
The primary goal of business intelligence is to support data-driven decision-making at all levels of an
organization, from operational to strategic. By leveraging BI, companies can gain a comprehensive
understanding of their business operations, identify trends, patterns, and correlations in data, and
uncover valuable insights that can drive improvements, optimize performance, and achieve competitive
advantage.
Business Intelligence encompasses a range of activities and processes, including data collection, data
integration, data modeling, data analysis, and data visualization. It involves the use of advanced
analytics techniques, such as data mining, statistical analysis, predictive modeling, and machine
learning, to extract insights and discover meaningful patterns from large and complex datasets.
Figure 2: BI
7
Figure 3: Slide 4
1.2. Explain
The role of business intelligence is to improve an organization's business through the use of relevant
data. Companies that effectively use BI tools and techniques can translate their collected data into
valuable insights into their business processes and strategies. Such insights can then be used to make
better business decisions that increase productivity and revenue, leading to faster business growth and
higher profits.
Without BI, organizations cannot easily take advantage of data-driven decision making. Instead,
executives and workers are essentially making key business decisions based on other factors, such as
8
accumulated knowledge, previous experience, intuition, and feelings. flesh contact. Although such
methods can lead to sound decisions, they are also prone to errors and confusion due to lack of data on
which to base them.
9
Figure 5: Slide 6
Example in company:
Applying Business Intelligence (BI) on an online sales platform can bring many benefits and provide
important information to optimize business operations. Here is an example of applying BI on an online
sales platform:
- User Behavior Analysis: Using BI tools, you can collect, analyze, and better understand customer
behavior on an online sales platform. By tracking data like visits, time on site, frequency of purchases,
and other activities, you can identify buying trends, preferred products, and target audiences.
- Website Routing and Optimization: Based on collected data, BI can help identify areas for
improvement on an online sales website. For example, by analyzing the steps in the buying process
and identifying drop points, you can optimize your web masquerade to improve conversion rates and
user experience.
- Inventory management and forecasting: Using BI, you can effectively track and manage your
inventory online. By analyzing information about inventory levels, sales trends, and forecasting
models, you can make decisions about inventory loading, manage orders, and optimize delivery
processes.
- Customer and interaction analysis: BI provides detailed analysis of customers and interactions with
them on the online sales platform. By reviewing purchase history, customer information, and customer
feedback, you can create personalized marketing campaigns, increase customer engagement, and
enhance customer engagement your branded goods.
10
Figure 6: Slide 7
Figure 7: Slide 8
11
2. Business processes
12
Business procedures are created to help organizations achieve their goals. The consistent and repetitive
execution of business processes is critical to the success of corporate operations and growth. Depending
on the factors included in the process, business process structures can be simple or complicated. A
company seeks to attain particular objectives with each business process.
Step 1 - Define Your Goals: What is the purpose of the process? Why was it created? How will you know
if it is successful?
Step 2 - Plan and Map Your Process: What are the strategies needed to achieve the goals? This is the
broad roadmap for the process.
Step 3 - Set Actions and Assign Stakeholders: Identify the individual tasks your teams and machines need
to do in order to execute the plan.
Step 4 - Test the Process: Run the process on a small scale to see how it performs. Observe any gaps and
make adjustments.
Step 5 - Implement the Process: Start running the process in a live environment. Properly communicate
and train all stakeholders.
Step 6 - Monitor the Results: Review the process and analyze its patterns. Document the process history.
Step 7 – Repeat: If the process is able to achieve the goals set for it, replicate it for future processes.
13
2.2. Business processes explanation
Business processes refer to a series of interrelated activities and tasks performed within an
organization to achieve a specific goal or outcome. They represent the systematic way in which work
is carried out to deliver products, services, or achieve desired results. Business processes typically
involve the flow of inputs, information, and resources through various stages or steps, leading to the
production of outputs.
Business processes can vary widely depending on the nature of the organization and its industry. They
can be simple or complex, involving a few steps or spanning across multiple departments or functions.
Examples of business processes include sales and marketing processes, customer support processes,
procurement processes, financial processes, and production processes.
- Inputs: Business processes start with inputs, which can be physical materials, data, information, or
resources required to initiate and execute the process. Inputs serve as the starting point for the
process.
- Activities and Tasks: Business processes consist of a series of activities and tasks that need to be
performed in a specific sequence to achieve the desired outcome. These activities can be manual,
automated, or a combination of both.
- Workflow and Sequencing: The activities within a business process are typically organized in a
logical sequence or workflow. Each activity may depend on the completion of previous activities
and contribute to the successful completion of subsequent activities.
- Roles and Responsibilities: Business processes involve the participation of individuals or roles
responsible for performing specific tasks. Each role has defined responsibilities and contributes to
the overall execution of the process.
- Outputs: The outputs of a business process are the desired results or deliverables produced as a
result of completing the process. Outputs can be physical products, services, reports, documents, or
any other tangible or intangible outcomes.
- Performance Measurement: Business processes are often measured and evaluated to assess their
effectiveness, efficiency, and quality. Key performance indicators (KPIs) are used to monitor and
evaluate process performance and identify areas for improvement.
- Continuous Improvement: Business processes are subject to continuous improvement efforts to
optimize efficiency, reduce waste, and enhance overall performance. Techniques such as process
mapping, analysis, and reengineering are commonly employed to identify bottlenecks, streamline
operations, and enhance process effectiveness.
14
By effectively managing and improving business processes, organizations can enhance operational
efficiency, customer satisfaction, and overall performance. Various methodologies and frameworks,
such as Business Process Management (BPM) and Lean Six Sigma, are used to analyze, design,
implement, and optimize business processes to drive organizational success.
Figure 12:Slide 11
15
Figure 13:Slide 12
2.3. Business processes examples.
Processes vary depending on the kind, industry, location, and so on of a business, however there are a
handful that are applied globally across all of these business divisions. To assist you comprehend, we
shall look at examples of such operations.
These are repeating steps, and the workflow and structure of the process are business-dependent.
b. Customer care:
Customer service is another critical component of global business operations. It entails the following
steps:
- Recruitment process
- Invoicing process
- Order processing
- Customer onboarding process
- Accounting process
16
Figure 14:Slide 13
17
A decision making process is a series of steps taken by an individual to determine the best option or
course of action to meet their needs. In a business context, it is a set of steps taken by managers in an
enterprise to determine the planned path for business initiatives and to set specific actions in motion.
Ideally, business decisions are based on an analysis of objective facts, aided by the use of business
intelligence (BI) and analytics tools. Managers usually make decisions by following a four-step process
(a.k.a. the scientific approach), which includes:
A decision support system is a software system that interacts and collects all relevant information from a
variety of sources such as operations, income, costs, markets, trends, business models. Then, DSS sifts
and analyzes this data, synthesizing it into comprehensive information that can be used to aid in decision
making. DSS can be controlled manually by humans or fully computerized. In some cases, DSS may
combine both methods. The ideal DSS system will analyze data and synthesize information to increase
accuracy and speed in decision making. The three common components in decision support systems are
database, models and UI:
Database: The database is usually the primary aspect of the decision support system that makes it useful
for an organization, as the program can examine large stores of data when supporting decisions much
faster than a single person or team could. The database's information depends on the category of system
and industry the system is for. Some databases may contain statistics, while others may be more
document-focused.
Models: Decision support systems also create models to support professionals in taking action that
positively affects their situation. The models within the decision support system are the predictions or
trajectories the program determines are plausible. These models inform the professionals about how their
decisions can impact their situation, client or organization. The decision support system relies on the
database to produce accurate models. These models can represent variables within the organization's
business plan, competitor's actions or professional relationships.
User interface: The user interface is the access point for those who use the decision support system.
Successful decision support systems use flexible and intuitive user interfaces that allow professionals to
access the information they need and operate the system without extensive technological knowledge.
- Industry: Organizations specialize their decision support systems to support their specific standards
and operations. Example: For the healthcare industry, this may mean accessing previous medical
records to examine the results of previous decisions, and for marketing, it may mean creating
predictions based on current market trends.
18
- Support: Depending on the needs of the company, decision support systems can offer varying levels of
support. Some decision support systems offer predictions and trajectories, while others provide
specific details for decisions, planning and implementation.
- Intelligence: The information within a decision support system varies in structure depending on the
company using it. In some industries, a decision support system relies on document and case files,
while in others, vast databases of individual figures are more useful.
- Category: There are many types of decision support systems, from communication systems to model-
focused versions. The specific structure of the system depends on the company using it.
Figure 16:Slide 14
P2 Compare the types of support available for business decision making at varying levels within an
organisation
Business intelligence tools collect, process, and analyze large amounts of structured and unstructured data
from both internal and external systems. Data sources might include documents, images, email, videos,
journals, books, social media posts, files, and more. BI tools employ queries to retrieve this data, which
can then be shown as reports, dashboards, charts, and graphs for ease of use.
The tools are capable of carrying out many different tasks, including text mining, predictive analytics,
performance management, analytics, and reporting. So that employees can harness this information to
make better decisions based on predictions, market trends, and key performance indicators.
19
Currently, there are many BI tools aimed at assisting people in many activities. Here, I will mention 3 BI
tools: Microsoft Power BI, Tableau and Dundas BI.
20
- Provide ready-made reports, dashboards and dashboards that are always updated in real-time.
- High security, easy connection of data sources and high security
- Natural language queries in data mining
- Enhance visualization by integrating Python and R code
- Make it easier for users to use and compact data
- Easily create schedules to update data automatically instead of wasting time manually
- Although connected in real-time, the data source with reports and dashboards is quite small.
- Files larger than 250MB or compressed data will not be accepted.
- To be able to share dashboards and reports with each other you must use the same email domain.
1.2. Tableau:
Tableau is a software that supports Data Analyst and Data Visualization. Tableau is based on a
combination of business analytics, data mining, data analytics, and the tools and infrastructure to help
organizations make decisions based on real data. It helps synthesize data from a series of numbers into
visual images, charts, build dashboards and analytics.
21
Some salient features of Tableau:
- Manage metadata
- Support data analysis with Big Data
- Easily build Business Dashboards
- Build operational data documents (Data Stories)
- Data visualization feature
- Social network data analysis
- Integration with the R language
Advantages of Tableau:
Disadvantages of Tableau:
22
1.3. Sisense
Sisense has an intuitive interface, operating according to the drag-and-drop mechanism. The online
community is large, although not as crowded as Tableau, the resources here are enough for newcomers
to get acquainted and use.
Advantages of Sisense:
- Fast Speed: Ask any question and get instant answers without going back to the drawing board for
new queries thanks to the in-chip engine software
- Flexible Integration: Easily integrates with third-party applications such as Google Adwords,
Excel, Zendesk, and Salesforce.
Disadvantages of Sisense:
- Limited number of charts: The reporting and visualization features are somewhat basic compared
to other tools
- Inconvenience for teamwork: Admins cannot currently edit dashboards, only the owners of the
folders and dashboards can publish changes.
23
Figure 20: Slide 16
2. Data visualization
2.1. Definition of Data visualization
Data Visualization is translated as data visualization, which is a way of representing data under visual
images, charts, and tables.
Data visualization also presents data to the general public or specific audience without technical
knowledge in an accessible manner. For example, a health agency within a government (in the US, that
would be the CDC) can provide a histogram of the population with the highest number of COVID-19
cases or a map of a country colored in different colors. vaccinated area.
24
Figure 21: Data visualization
25
2.2. Benefits of data visualization
26
Salesforce acquired Tableau. It helps users create different charts, graphs, maps, dashboards, and
stories for visualizing and analyzing data, to help in making business decisions.
Tableau Features: Firstly, Tableau supports powerful data discovery and exploration that enables users
to answer important questions in seconds. Next, no prior programming knowledge is needed; users
without relevant experience can start immediately with creating visualizations using Tableau. Thirdly,
it can connect to several data sources that other BI tools do not support. Tableau enables users to
create reports by joining and blending different datasets. Finally, Tableau Server supports a centralized
location to manage all published data sources within an organization.
- Google Charts
Google Charts is a pure JavaScript based charting library meant to enhance web applications by
adding interactive charting capability. It supports a wide range of charts. Charts are drawn using SVG
in standard browsers like Chrome, Firefox, Safari, Internet Explorer (IE). In legacy IE 6, VML is used
to draw the graphics. Following are the salient features of Google Charts library:
Compatability − Works seemlessly on all major browsers and mobile platforms like android
and iOS.
Multitouch Support − Supports multitouch on touch screen based platforms like android and
iOS. Ideal for iPhone/iPad and android based smart phones/ tablets.
Free to Use − Open source and is free to use for non-commercial purpose.
Lightweight − loader.js core library, is extremely lightweight library.
Simple Configurations − Uses json to define various configuration of the charts and very easy
to learn and use.
Dynamic − Allows to modify chart even after chart generation.
Multiple axes − Not restricted to x, y axis. Supports multiple axis on the charts.
Configurable tooltips − Tooltip comes when a user hover over any point on a charts.
Googlecharts provides tooltip inbuilt formatter or callback formatter to control the tooltip
programmatically.
In addition to the tools mentioned above, there are some other useful tools that can be mentioned are:
- Dundas BI
- Power BI
- JupyteR
- Infogram
- ChartBlocks
- D3.js
- FusionCharts
- Grafana
27
Figure 24: Slide 18
28
Visualizing data can be as simple as a bar graph or scatter plot but become powerful when analyzing,
for example, the median age of the United States Congress vis-a-vis the median age of Americans.
Here are some common types of data visualizations:
- Table: A table is data displayed in rows and columns, which can be easily created in a word
document or Excel spreadsheet.
- Chart or graph: Information is presented in tabular form with data displayed along an x and y
axis, usually with bars, points, or lines, to represent data in comparison. An infographic is a
special type of chart that combines visuals and words to illustrate the data.
Gantt chart: A Gantt chart is a bar chart that portrays a timeline and tasks specifically used
in project management.
Pie chart: A pie chart divides data into percentages featured in “slices” of a pie, all adding
up to 100%.
- Geospatial visualization: Data is depicted in map form with shapes and colors that illustrate the
relationship between specific locations, such as a choropleth or heat map.
- Dashboard: Data and visualizations are displayed, usually for business purposes, to help
analysts understand and present data.
They may involve major departures from practices and procedures being followed earlier. Generally,
strategic decision is unstructured and thus, a manager has to apply his business judgment, evaluation,
and intuition to the definition of the problem. These decisions are based on partial knowledge of the
29
environmental factors which are uncertain and dynamic. Such decisions are taken at the higher level of
management.
Data-driven DSS:
30
- Examples: Chatbots, virtual assistants, recommendation engines, and predictive analytics
platforms.
Document-driven DSS:
- Focus: Document-driven DSS provide decision support through documents and knowledge
management.
- Information Retrieval: These systems organize, store, and retrieve relevant documents, reports, and
knowledge bases.
- Examples: Content management systems, document repositories, and knowledge bases.
Comparison:
- Data Usage: Data-driven DSS focus on data analysis, Model-driven DSS use mathematical
models, Intelligent DSS incorporate advanced technologies like AI, and Document-driven DSS
rely on organizing and retrieving relevant documents.
- Decision Support: Data-driven DSS provide insights from data analysis, Model-driven DSS
simulate and predict outcomes, Intelligent DSS offer intelligent recommendations, and Document-
driven DSS provide access to relevant documents and knowledge.
- Complexity: Data-driven DSS involve data analysis and visualization, Model-driven DSS use
complex mathematical models, Intelligent DSS leverage AI algorithms, and Document-driven DSS
focus on organizing and retrieving documents.
- Decision Types: Data-driven DSS are suitable for operational and tactical decisions, Model-driven
DSS support tactical and strategic decisions, Intelligent DSS assist in various decision levels, and
Document-driven DSS provide support across decision levels through knowledge management.
It's important to note that these types of DSS are not mutually exclusive, and organizations may combine
different approaches to create a comprehensive decision support system that meets their specific needs and
requirements.
31
Figure 26:Slide 20
III. CONCLUSION
Overall, we have provided all the necessary information in this report. We have provided information on
BI, with explanations and examples of how it is applied in the company and other areas. Not only that, we
have also provided explanations and examples of Business Process as well as knowledge of Decision
support process. We also provide necessary information about the definition, benefits and some tools in
Data visualization. In this report, we also introduced the strengths and weaknesses of some tools for BI.
Finally, we introduced the type of decision operational, tactical, strategic and compared the types of
support available for business in our company.
32
V. REFERENCES
Business process 101: Definition, steps and example [guide for 2023] Kissflow. Available at:
https://kissflow.com/workflow/bpm/business-process/ (Accessed: 06 June 2023).
Stedman, C. and Burns, E. (2023) What is Business Intelligence (BI)?: Definition from TechTarget,
Business Analytics. Available at: https://www.techtarget.com/searchbusinessanalytics/definition/business-
intelligence-BI#:~:text=Business%20intelligence%20(BI)%20is%20a,workers%20make%20informed
%20business%20decisions. (Accessed: 06 June 2023).
Calzon, B. (2023a) Types of dashboards: Strategic, operational & analytical, datapine. Available at:
https://www.datapine.com/blog/strategic-operational-analytical-tactical-dashboards/ (Accessed: 07 June
2023).
Bhat, A. (2023) Business intelligence: Definition, methods, types and examples, QuestionPro. Available
at: https://www.questionpro.com/blog/business-intelligence/ (Accessed: 06 June 2023).
(No date) Decision support system (DDS): Definition, benefits and types. Available at:
https://www.indeed.com/career-advice/career-development/decision-support-system (Accessed: 06 June
2023).
Burns, E. and Brush, K. (2023) What is a decision-making process?, Business Analytics. Available at:
https://www.techtarget.com/searchbusinessanalytics/definition/decision-making-process (Accessed: 06
June 2023).
Công ty Thương mại và Xuất Nhập khẩu Viettel (no date) Power bi là gì? ưu, nhược điểm Của Power bi,
ViettelStore.vn. Available at: https://viettelstore.vn/tin-tuc/power-bi-la-gi (Accessed: 07 June 2023).
Pum (2022) Data Visualization LÀ GÌ? Ví DỤ minh họa data visualization, 200Lab Blog. Available at:
https://200lab.io/blog/data-visualization-la-gi/ (Accessed: 07 June 2023).
Slide:
https://docs.google.com/presentation/d/1AjhBpQfB0kmSLyy4laef8VA7F_cSbMy_oMwWJrbV8iE/edit?
usp=sharing
33