The Impact of Data Quality Tagging on Decision Outcomes

Data quality tags provide information about the quality of data in databases to decision makers. This paper reports an experiment that examines the impact of data quality tagging about data accuracy on decision outcomes. Two decision strategies were explored: additive and elimination by attributes. The inclusion of data quality tagging information was found to impact decision outcomes for the elimination by attributes strategy but not for the additive strategy and had no impact on group consensus. This knowledge will be valuable for designers of data warehouses and decision support systems

A probabilistic approach for modeling and real-time filtering of freeway detector data

Traffic surveillance systems are a key component for providing information on traffic conditions and supporting traffic management functions. A large amount of data is currently collected from inductive loop detector systems in the form of three macroscopic traffic parameters (speed, volume and occupancy). Such information is vital to the successful implementation of transportation data warehouses and decision support systems. The quality of data is, however, affected by erroneous observations that result from malfunctioning or mis-calibration of detectors. The open literature shows that little effort has been made to establish procedures for screening traffic observations in real-time. This study presents a probabilistic approach for modeling and real-time screening of freeway traffic data. The study proposes a simple methodology to capture the probabilistic and dynamic relationships between the three traffic parameters using historical data collected from the I-4 corridor in Orlando, Florida. The developed models are then used to identify the probability that each traffic observation is partially or fully invalid

Business Intelligence for Small and Middle-Sized Entreprises

Data warehouses are the core of decision support sys- tems, which nowadays are used by all kind of enter- prises in the entire world. Although many studies have been conducted on the need of decision support systems (DSSs) for small businesses, most of them adopt ex- isting solutions and approaches, which are appropriate for large-scaled enterprises, but are inadequate for small and middle-sized enterprises. Small enterprises require cheap, lightweight architec- tures and tools (hardware and software) providing on- line data analysis. In order to ensure these features, we review web-based business intelligence approaches. For real-time analysis, the traditional OLAP architecture is cumbersome and storage-costly; therefore, we also re- view in-memory processing. Consequently, this paper discusses the existing approa- ches and tools working in main memory and/or with web interfaces (including freeware tools), relevant for small and middle-sized enterprises in decision making

Business intelligence in banking: A literature analysis from 2002 to 2013 using Text Mining and latent Dirichlet allocation

telligence applications for the banking industry. Searches were performed in relevant journals resulting in 219 articles published between 2002 and 2013. To analyze such a large number of manuscripts, text mining techniques were used in pursuit for relevant terms on both business intelligence and banking domains. Moreover, the latent Dirichlet allocation modeling was used in or- der to group articles in several relevant topics. The analysis was conducted using a dictionary of terms belonging to both banking and business intelli- gence domains. Such procedure allowed for the identification of relationships between terms and topics grouping articles, enabling to emerge hypotheses regarding research directions. To confirm such hypotheses, relevant articles were collected and scrutinized, allowing to validate the text mining proce- dure. The results show that credit in banking is clearly the main application trend, particularly predicting risk and thus supporting credit approval or de- nial. There is also a relevant interest in bankruptcy and fraud prediction. Customer retention seems to be associated, although weakly, with targeting, justifying bank offers to reduce churn. In addition, a large number of ar- ticles focused more on business intelligence techniques and its applications, using the banking industry just for evaluation, thus, not clearly acclaiming for benefits in the banking business. By identifying these current research topics, this study also highlights opportunities for future research

HOW TO CULTIVATE ANALYTICS CAPABILITIES WITHIN AN ORGANIZATION? – DESIGN AND TYPES OF ANALYTICS COMPETENCY CENTERS

Today, the ability to exploit big data using advanced analytics bears considerable potential to create competitive advantages. Therefore, business leaders need to make crucial design decisions on how to cultivate these capabilities within their organization. Analytics Competency Centers (ACCs) are an important organizational solution to spread analytics capabilities by providing leadership, expertise and infrastructure. In this paper, we analyze nine analytics competency centers of major global players across several industries - based on a series of interviews with executives, consultants and data scientists. We identify strategic and structural design options, common processes, best-practices, and potential future development paths. In particular, we distinguish between two generic types of centers that differ in their strategic orientation and their choice of design options. Our work contributes to organizational design theory addressing the question on how analytics capabilities can be nurtured for competitive advantage. It should provide concrete guidance to business leaders on how to design and apply ACCs as an organizational option

Information system for the supply chain management

Supply chain management SCM is the integration and management of supply chain organizations and activities through collaboration, effective business processes and high levels of information sharing. The supply chain concept has become a concern due to global competition and increasing customer demand for value. Thus, the information must be available in real time across the supply chain and this can not be achieved without an integrated software system for supply chain management. Supply chain members have to collaborate, sharing information for improving customers satisfaction. Web technologies enable enterprises to become more effective, to trade with suppliers and customers over the Internet in real time. For this, businesses have to integrate their information systems and applications with those of their suppliers and customers. First, companies have to redesign their supply chain to create an integrated value system and afterwards, companies can develop business to business applications across supply chain structure for the optimization of the supply chain . The implementation of the supply chain information systems in companies facilitates an increase in their competitiveness and their profits.supply chain management, logistics, information system, Web technology, e-commerce, collaboration, information visibility

Data Warehouse and Business Intelligence: Comparative Analysis of Olap tools

Data Warehouse applications are designed basically to provide the business communities with accurate and consolidated information. The objective of Data Warehousing applications are not just for collecting data and reporting, but rather for analyzing, it requires technical and business expertise tools. To achieve business intelligence it requires proper tools to be selected. The most commonly used Business intelligence (BI) technologies are Online Analytical Processing (OLAP) and Reporting tools for analyzing the data and to make tactical decision for the better performance of the organization, and more over to provide quick and fast access to end user request. This study will review data warehouse environment and architecture, business intelligence concepts, OLAP and the related theories involved on it. As well as the concept of data warehouse and OLAP, this study will also present comparative analysis of commonly used OLAP tools in Organization

Data Mining; A Conceptual Overview

This tutorial provides an overview of the data mining process. The tutorial also provides a basic understanding of how to plan, evaluate and successfully refine a data mining project, particularly in terms of model building and model evaluation. Methodological considerations are discussed and illustrated. After explaining the nature of data mining and its importance in business, the tutorial describes the underlying machine learning and statistical techniques involved. It describes the CRISP-DM standard now being used in industry as the standard for a technology-neutral data mining process model. The paper concludes with a major illustration of the data mining process methodology and the unsolved problems that offer opportunities for research. The approach is both practical and conceptually sound in order to be useful to both academics and practitioners

A probabilistic multidimensional data model and its applications in business management

This dissertation develops a conceptual data model that can efficiently handle huge volumes of data containing uncertainty and are subject to frequent changes. This model can be used to build Decision Support Systems to improve decision-making process. Business intelligence and decision-making in today\u27s business world require extensive use of huge volumes of data. Real world data contain uncertainty and change over time. Business leaders should have access to Decision Support Systems that can efficiently handle voluminous data, uncertainty, and modifications to uncertain data. Database product vendors provide several extensions and features to support these requirements; however, these extensions lack support of standard conceptual models. Standardization generally creates more competition and leads to lower prices and improved standards of living. Results from this study could become a data model standard in the area of applied decisions sciences. The conceptual data model developed in this dissertation uses a mathematical concept based on set theory, probability axioms, and the Bayesian framework. Conceptual data model, algebra to manipulate data, a framework and an algorithm to modify the data are presented. The data modification algorithm is analyzed for time and space efficiency. Formal mathematical proof is provided to support identified properties of model, algebra, and the modification framework. Decision-making ability of this model was investigated using sample data. Advantages of this model and improvements in inventory management through its application are described. Comparison and contrast between this model and Bayesian belief networks are presented. Finally, scope and topics for further research are described