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Business Analytics

Caprivi Consultancy

Business Analysis

The purpose of analysis is to help understand the fundamental issues concerning competitive advatage, customer needs, organisational capabilities, basis of competition and the analytic techniques such as frameworks identify, classify and clarify the principal factors.

Assessments  is a way to evaluate an organisation’s successful execution of processes and standards. For OPM3 the tools to assess organisational project management maturity include the self-assessment method and a comprehensive assessment. (Organisational Project Management Maturity Model – OPM3, 2008)

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Business Analytics

Business Analytics involves decision-making based on historical but also use current data to leverage analysis and model outcomes to make predictions that inform business decisions with predictive intelligence.

Business analytics also involve risk measurement to identify risk events and measure the business performance against the defined risk thresholds to predict, prepare, and deploy proactive intervention strategies.

Business Analytics further involves business process analytics & optimization to improve productivity and process efficiency through an analytical environment where relevant, actionable, accurate, and timely information is available. In order to solve problems faster and make intelligent decisions more quickly, analytics should be embedded into the key areas of operations.

Performance management involve detailed analytical modelling activities that focus on the operational performance, sophisticated cost, and profit planning analysis.

The business analysis provides decision-makers with a business-wide visibility into multiple scenarios and forecasts in formats that decision makers can use to optimize performance.

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Business Analytics – Tools

1] IBM Business Analytics

http://www-142.ibm.com/software/products/gb/en/category/SWQ00?lnk=mprSO-buan-uken

Business analytics helps your organization recognize subtle trends and patterns so you can anticipate and shape events and improve outcomes. Not only can you drive more top-line growth and control costs, you can also identify risks that could derail your plans – and take timely corrective action.

IBM business analytics software uniquely enables your organization to apply analytics to decision-making, anytime, anywhere. You can:

  • Tap into all types of information
  • Empower people in all roles to explore and interact with information and deliver insights to others
  • Optimize all types of decisions – whether they’re made by individuals or are embedded in automated systems — using insights based on analytics
  • Provide insights from all perspectives and time horizons – from historic reporting to real-time analysis to predictive modeling
  • Improve business outcomes and manage risk, now and in the future

Business Analytics Capabilities

Business intelligence

Harness the data explosion, meet your organization’s needs for flexible business intelligence deployment options and satisfy user expectations with powerfully simple analytics you can’t outgrow.

Financial performance and strategy management

Guide management strategy in the most profitable directions with timely, reliable insights, scenario modeling and transparent and timely reporting.

Predictive and advanced analytics

Discover subtle patterns and associations and develop and deploy predictive models to optimize decision-making.

Governance, risk and compliance

Gain deep insight into all aspects of risk management, including governance, risk and compliance, with an integrated solution that adapts to your organization’s unique risk profile and methodologies.

Analytic applications

Provide line-of-business managers with actionable insights through packaged analysis and reporting solutions.

All products – Analytic applications

Cognos Analytic Applications

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2] Tbc

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Business Intelligence

work in progress

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Business Intelligence – Tools

Business Intelligence from IBM

http://www-142.ibm.com/software/products/gb/en/subcategory/SWQ20

Make better business decisions faster with IBM solutions that take business intelligence to a whole new level. IBM innovations in business intelligence are designed to enable more people with broader analytics capabilities so that everyone has the relevant information needed to drive your business forward.

With business intelligence software from IBM, you can:

Equip users with what they need to explore information freely, analyze key facts, collaborate to gain alignment with key stakeholders and make decisions with confidence for better business outcomes.

  • Provide quick access to facts with reports, analysis, dashboards, scorecards, planning and budgets, real-time information, statistics and the flexibility to manage information for more informed decisions.
  • Integrate the results of “what-if” analysis modeling and predictive analytics into your unified workspace to view possible future outcomes alongside current and historical data.
  • Support where users need to work with business intelligence capabilities for the office and desktop, on mobile devices, online and offline.
  • Meet different analytics needs throughout your business with solutions that are integrated and right-sized for individuals, workgroups or midsize businesses and large organizations or enterprises.
  • Implement a highly scalable and extensible solution that can adapt to the changing needs of IT and the business with flexible deployment options that include the cloud, mainframes and data warehousing appliances.
  • Start addressing your most pressing needs with the confidence that you can grow your solution over time to meet future requirements with the integrated Cognos family of products.

Business Intelligence capabilities

Reporting

Use comprehensive reports to make smarter decisions.

Analysis

Drive better, smarter business decisions with “what-if” analysis, modeling and more.

Scorecards

Successfully link strategy to operations with scorecard capabilities.

Dashboards

Monitor, measure and manage corporate performance at a glance with dashboards.

Mobile

Experience insight wherever you are, at the office or on the road.

Statistics

Support key organizational decisions with facts and statistics.

Collaborative business intelligence

Fuel the exchange of ideas and knowledge

Planning and budgets

Plan and forecast effectively

Real-time monitoring

Stay on top of business operations

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See also; CRM

See also; ERP

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Operations Management

Operational Management; The ongoing organisational activities associated with supporting functional elements, as opposed to project elements. Operational management also includes support products that the organisation has created through project activity. (The Standard for Programme Management, 2008). The activities, decisions and responsibilities of managing the production and delivery of products and services. (Slack et al, 2007)

Operational Efficiency; Helps improve supply chain performance. (Slack et al, 2007)

Importance-Performance Matrix; A technique that brings together scores that indicate the relative importance and relative performance of different competitive factors in order to prioritise them as candidates for improvement. (Slack et al, 2007)

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Business Analytics Blogs

work in progress

 www

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See Also Blog; Business Strategy

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