The Globalization of Supply Chains and its Implications for Trade and Commerce
Globalization of Supply Chains and its Implications We have discussed how the globalization of the world economy has made the globe more integrated and interconnected. While this has both positive and negative effects on the way global trade and commerce takes place, there is one critical aspect that needs our attention. That is to do […]
Tips for Writing Effective Problem and Goals Statement
Although the Six Sigma process has tried to make the process of developing problem and goal statements into a science, however in reality it still remains an art. This combined with the fact that goal and problem statements go a long way into the execution of the project make it important to understand what are […]
Introduction to Tally Software and Its Features
Introduction Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine. It is easy to use software and is designed to simply complex day to day activities associated in an enterprise. Tally provides comprehensive solution around accounting principles, inventory and data integrity. Tally also has feature encompassing global […]
Different types of Data and its Importance
Data can be described as the backbone of any six sigma project. This is because the whole idea of six sigma and operations is to use statistics to manage operations in the factory workshop. Hence, for a six sigma team to understand the types of data and when and how to use them is of […]
Role of a Project Coach in a Six Sigma Project
The Project Coach is the person concerned who is responsible to make sure that the team understand Six Sigma tools and methodologies. Six Sigma is a complex methodology encompassing multiple stages. There will be different people who will be working at different stages of the Six Sigma project. All of them do not need to […]
Business intelligence is an important to ensure the following:
For business intelligence to ensure the above it is necessary that it has a robust architecture. Business intelligence architecture is divided into six critical elements’ data management, transformation tools and processes, data repositories, application tools for analysis, presentation tools and operational processes.
For to achieve data integrity following points need to be addressed. The 1st major point organization is the need of the data. The organization must come to agreement that a particular analytics will provide competitive advantage and enhance business performance.
The next question which needs to be addressed is the source of the information. This sourcing of data can be from enterprise itself, or it may be from the external sources. If the source is within the organization than it is essential there is a common platform for all flow of information.
The next question is the quantity of the data. Since there is large volume of data available, based on the required company should gather data to have a normalized business behavior.
The next question is to make data valuable, once that is determined data management comes from the picture, i.e. acquisition of data to retirement of data.
The required data needs to undergo ETL process. ETL process consists of extracting data, transforming the data and loading the data. The process extracting data from the repository is a straight-forward process. However, validation and cleansing of data is a difficult task. This validation and cleansing of data is done through various well established business rules. Transformation of data involves converting the data to standardized form.
Organization can store data through data warehouses. Data warehouse sometime has data mart, which is a partition to handle single business function. A metadata repository is used to store data definition and technical information.
There are several business tools available on the market, but it is essential to identify what it intends to do with the data and then choose the tool.
Business intelligence can only work if end users are able to make sense out of that data. Presentation tools should allow the users to manipulate complex data into to ad hoc reports for company-wide distribution.
Operational Process determines how data management and business intelligence is to be implemented within the organization. It deals with the question how the organization creates manages data and different applications.
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Communication Systems and Groupware – Information System Concepts that Apply in All Functional Areas of Business
February 12, 2025
