• Title/Summary/Keyword: Business Intelligence (BI)

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Weight Analysis of Critical Success Factors for Business Intelligence System (비즈니스 인텔리젼스 시스템 성공요인의 중요도 분석)

  • Hong, Hyun-Gi
    • Journal of Digital Convergence
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    • v.10 no.7
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    • pp.93-98
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    • 2012
  • The rapid change of business environments request the company to act more smart and intelligent in making business strategies and planning the business processes. To meet this requirement, we need to have smart Business Intelligent System(hereinafter "BI") in the company. On the one hand, many korean companies had already installed BI system, and the other hand some companies have plans to implement BI Systems additionally to their Information System. It is very important to have the pictures which factors are critical to the successful implementation of BI, and to survey which critical success factor(hereinafter CSF) are important compared to each factors. In this paper data was gathered from companies already have their BI Systems. We measured IT-Infra maturity, User Education, and Company Organization, and Company Business Strategy, which are the critical success factors for the BI System. After surveying the CSF of BI System, we measured the weights among these factors by AHP. Factor analysis resulted in 6 major factors (Eigenvalue > 1.0), and the AHP analysis showed the list of CSF's weight list according to its significance priorities. The results of this paper could be the valuable references for the implementing process of the BI System in korean company.

Design and Utilization of Connected Data Architecture-based AI Service of Mass Distributed Abyss Storage (대용량 분산 Abyss 스토리지의 CDA (Connected Data Architecture) 기반 AI 서비스의 설계 및 활용)

  • Cha, ByungRae;Park, Sun;Seo, JaeHyun;Kim, JongWon;Shin, Byeong-Chun
    • Smart Media Journal
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    • v.10 no.1
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    • pp.99-107
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    • 2021
  • In addition to the 4th Industrial Revolution and Industry 4.0, the recent megatrends in the ICT field are Big-data, IoT, Cloud Computing, and Artificial Intelligence. Therefore, rapid digital transformation according to the convergence of various industrial areas and ICT fields is an ongoing trend that is due to the development of technology of AI services suitable for the era of the 4th industrial revolution and the development of subdivided technologies such as (Business Intelligence), IA (Intelligent Analytics, BI + AI), AIoT (Artificial Intelligence of Things), AIOPS (Artificial Intelligence for IT Operations), and RPA 2.0 (Robotic Process Automation + AI). This study aims to integrate and advance various machine learning services of infrastructure-side GPU, CDA (Connected Data Architecture) framework, and AI based on mass distributed Abyss storage in accordance with these technical situations. Also, we want to utilize AI business revenue model in various industries.

A Study on the Real Time University System (실시간 대학 운영(RTU; Real Time University)에 관한 연구)

  • Kang Min-Shik
    • Journal of Digital Contents Society
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    • v.6 no.3
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    • pp.189-193
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    • 2005
  • The Korean University faced the rapid challenge of M&A. The Korean Government had a evaluation of all Universities and colleges. This paper investigated the transactional and real time properties of the University Evaluation Indexes and suggested these indexes to the BI(Business Intelligence) system contents.

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Design and Implementation of multi-dimensional BI System for Information Integration and Analysis in University Administration (대학 행정의 정보통합 및 통계분석을 위한 다차원 BI 시스템의 설계 및 구현)

  • Ji, Keung-yeup;Yang, Hee Sung;Kwon, Youngmi
    • Journal of Korea Multimedia Society
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    • v.19 no.5
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    • pp.939-947
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    • 2016
  • As the number of legacy database systems and the size of data to manipulate have been vastly increased, it has become more difficult and complex to analyze characteristics of data. To improve the efficiency of data analysis and help administrators to make decisions in business life, BI(Business Intelligence) system is used. To construct data warehouse and cube from legacy database systems makes it easy and fast to transform raw data into integrated and categorized meaningful information. In this paper, we built a BI system for an University administration. Several source system databases were integrated to data warehouse to build data cubes. The implemented BI system shows much faster data analysis and reporting ability than the manipulation in legacy systems. It is especially efficient in multi dimensional data analysis, nonetheless in single dimensional analysis.

A study on the use of a Business Intelligence system : the role of explanations (비즈니스 인텔리전스 시스템의 활용 방안에 관한 연구: 설명 기능을 중심으로)

  • Kwon, YoungOk
    • Journal of Intelligence and Information Systems
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    • v.20 no.4
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    • pp.155-169
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    • 2014
  • With the rapid advances in technologies, organizations are more likely to depend on information systems in their decision-making processes. Business Intelligence (BI) systems, in particular, have become a mainstay in dealing with complex problems in an organization, partly because a variety of advanced computational methods from statistics, machine learning, and artificial intelligence can be applied to solve business problems such as demand forecasting. In addition to the ability to analyze past and present trends, these predictive analytics capabilities provide huge value to an organization's ability to respond to change in markets, business risks, and customer trends. While the performance effects of BI system use in organization settings have been studied, it has been little discussed on the use of predictive analytics technologies embedded in BI systems for forecasting tasks. Thus, this study aims to find important factors that can help to take advantage of the benefits of advanced technologies of a BI system. More generally, a BI system can be viewed as an advisor, defined as the one that formulates judgments or recommends alternatives and communicates these to the person in the role of the judge, and the information generated by the BI system as advice that a decision maker (judge) can follow. Thus, we refer to the findings from the advice-giving and advice-taking literature, focusing on the role of explanations of the system in users' advice taking. It has been shown that advice discounting could occur when an advisor's reasoning or evidence justifying the advisor's decision is not available. However, the majority of current BI systems merely provide a number, which may influence decision makers in accepting the advice and inferring the quality of advice. We in this study explore the following key factors that can influence users' advice taking within the setting of a BI system: explanations on how the box-office grosses are predicted, types of advisor, i.e., system (data mining technique) or human-based business advice mechanisms such as prediction markets (aggregated human advice) and human advisors (individual human expert advice), users' evaluations of the provided advice, and individual differences in decision-makers. Each subject performs the following four tasks, by going through a series of display screens on the computer. First, given the information of the given movie such as director and genre, the subjects are asked to predict the opening weekend box office of the movie. Second, in light of the information generated by an advisor, the subjects are asked to adjust their original predictions, if they desire to do so. Third, they are asked to evaluate the value of the given information (e.g., perceived usefulness, trust, satisfaction). Lastly, a short survey is conducted to identify individual differences that may affect advice-taking. The results from the experiment show that subjects are more likely to follow system-generated advice than human advice when the advice is provided with an explanation. When the subjects as system users think the information provided by the system is useful, they are also more likely to take the advice. In addition, individual differences affect advice-taking. The subjects with more expertise on advisors or that tend to agree with others adjust their predictions, following the advice. On the other hand, the subjects with more knowledge on movies are less affected by the advice and their final decisions are close to their original predictions. The advances in predictive analytics of a BI system demonstrate a great potential to support increasingly complex business decisions. This study shows how the designs of a BI system can play a role in influencing users' acceptance of the system-generated advice, and the findings provide valuable insights on how to leverage the advanced predictive analytics of the BI system in an organization's forecasting practices.

The Impact of Business Intelligence on the Relationship Between Big Data Analytics and Financial Performance: An Empirical Study in Egypt

  • Mostafa Zaki, HUSSEIN;Samhi Abdelaty, DIFALLA;Hussein Abdelaal, SALEM
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.15-27
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    • 2023
  • The purpose of this research is to investigate the impact of Business Intelligence (BI) on the relation between Big Data Analytics (BDA) and Financial Performance (FP), at the beginning we reviewed the academic accounting and finance literature to develop the theoretical framework of business intelligence, big data and financial performance in terms of definition, motivations and theories, then we conduct an empirical analysis based on questionnaire-base survey data collected. The researchers identified the study population in the joint-stock companies listed on the Egyptian Stock Exchange and operating in the sectors and activities related to modern technologies in information systems, big data analytics, and business intelligence, in addition to the auditing offices that review the financial reports of these companies, and The sector closest to the research objective is the communications, media, and information technology sector, where the survey list was distributed among the sample companies with (15) lists for each company, and (15) lists for each audit office, so that the total sample becomes (120) individuals (with a response rate 83.3%), The results show, First, Big data analytics significantly affect organizations' financial performance, second, Business intelligence mediates (partial) the relationship between big data analytics and financial performance.

A Study on the Utilization of Business Intelligence and Dashboard in Academic Libraries (대학도서관에서 업무지능과 대시보드의 활용방안에 관한 연구)

  • Gu, Jung-Eok
    • Journal of the Korean Society for information Management
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    • v.28 no.1
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    • pp.263-283
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    • 2011
  • Business Intelligence(BI) is being used by the individuals who make decisions for management. Dashboard supports business intelligence by visualizing data, information, and knowledge so that they can be grasped at a glance. In this study, applications of dashboard were analyzed in the ARL libraries websites. Furthermore, the study suggested methods to establish and use the information system of the business intelligence and dashboard on the academic library websites in Korea. The findings of this study are expected to serve as the basic data to utilize the business intelligence and dashboard as a tool with which Korean academic libraries can demonstrate their value to the stakeholders in the academic community.

A Business Application of the Business Intelligence and the Big Data Analytics (비즈니스 인텔리전스와 빅데이터 분석의 비즈니스 응용)

  • Lee, Ki-Kwang;Kim, Tae-Hwan
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.4
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    • pp.84-90
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    • 2019
  • Lately, there have been tremendous shifts in the business technology landscape. Advances in cloud technology and mobile applications have enabled businesses and IT users to interact in entirely new ways. One of the most rapidly growing technologies in this sphere is business intelligence, and associated concepts such as big data and data mining. BI is the collection of systems and products that have been implemented in various business practices, but not the information derived from the systems and products. On the other hand, big data has come to mean various things to different people. When comparing big data vs business intelligence, some people use the term big data when referring to the size of data, while others use the term in reference to specific approaches to analytics. As the volume of data grows, businesses will also ask more questions to better understand the data analytics process. As a result, the analysis team will have to keep up with the rising demands on the infrastructure that supports analytics applications brought by these additional requirements. It's also a good way to ascertain if we have built a valuable analysis system. Thus, Business Intelligence and Big Data technology can be adapted to the business' changing requirements, if they prove to be highly valuable to business environment.

Strategic Business Process Based on Business Intelligence by Connected with BPM & 6 Sigma (BPM과 6 Sigma 연계에 의한 BI기반의 전략적 비즈니스 프로세스)

  • Park, Sang-Min;Nam, Ho-Ki;Shin, Seung-Ho;Kim, Qui-Nam
    • Convergence Security Journal
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    • v.7 no.2
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    • pp.27-37
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    • 2007
  • Companies have to take agility against change of environment and build up the capacity of new value creation in today's management environment. Until now, there are so many management method for efficiency of management, rationality of management and IT (information technology) supported this method by integration of enterprise task and process automation. but company's competitiveness through the efficiency of management realized the limitations recently. so companies needs the new management method to raise core value of enterprise. This study applies strategy intelligence which is some part of Business Intelligence. We can identify the core value driver by using this method. and the core value driver is connected the KPI (key performance indicator) of processes in BPM (Business Process Management). This help the management of process focused on value driver. and some part of activity driver that effect the process performance can be use the Six Sigma method to strategic business process. This study first introduces the concept of Business Intelligence, Business Process Management and Six Sigma. and then efficient connection plan for value based strategic business process is introduces.

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Applying a Novel Neuroscience Mining (NSM) Method to fNIRS Dataset for Predicting the Business Problem Solving Creativity: Emphasis on Combining CNN, BiLSTM, and Attention Network

  • Kim, Kyu Sung;Kim, Min Gyeong;Lee, Kun Chang
    • Journal of the Korea Society of Computer and Information
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    • v.27 no.8
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    • pp.1-7
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    • 2022
  • With the development of artificial intelligence, efforts to incorporate neuroscience mining with AI have increased. Neuroscience mining, also known as NSM, expands on this concept by combining computational neuroscience and business analytics. Using fNIRS (functional near-infrared spectroscopy)-based experiment dataset, we have investigated the potential of NSM in the context of the BPSC (business problem-solving creativity) prediction. Although BPSC is regarded as an essential business differentiator and a difficult cognitive resource to imitate, measuring it is a challenging task. In the context of NSM, appropriate methods for assessing and predicting BPSC are still in their infancy. In this sense, we propose a novel NSM method that systematically combines CNN, BiLSTM, and attention network for the sake of enhancing the BPSC prediction performance significantly. We utilized a dataset containing over 150 thousand fNIRS-measured data points to evaluate the validity of our proposed NSM method. Empirical evidence demonstrates that the proposed NSM method reveals the most robust performance when compared to benchmarking methods.