To start, it is practical for the business owner to be educated in new developments surrounding Enterprise Data Management (EDM). I spent the past month researching EDM in part with the online education environment. Enterprise Data Management is the soul of modern business development in the digital age.
In effort to share what I discovered, let’s begin with my adventure into world of Big Data. Enterprise refers to the business process as one activity, for instance Live Nation Entertainment has a business process which includes activities from Ticketmaster, Live Nation Concerts, Front Line Management Group, and Live Nation Network. The source data from all the business activities must be collected, extracted, transformed, and loaded before the data can be usable for running reports or analysis. Although the business process varies for company to company, Enterprise Data Management is a necessary solution in today’s business environment.
During my intensive research, I discovered that the Data Management process must control and manage data with the assistance of technology support systems. Generally speaking, The ETL development starts out with the high-level plan, which is independent of any specific technology approach, (Kimball Group). The Data Warehouse Toolkit by Ralph Kimball, and Margy Ross is recommended for further reading. I discovered that there are many types of projects where having a well- defined approach to managing data is the key to success. For instance deciding what to put in the fact table. The ETL process for fact table incremental processing differs from the load, and doesn’t need to be fully automated. However, the facts must be entered after the business process has been decided.
Never the less, the ETL architecture must have the capability to implement slowly changing dimension (SCD) logic, (Kimball). The Kimball technical system architecture separates the data and processes comprising the DW/BI system into the backroom (extract), transformation and load (ETL) environment and the front room presentation area, with metadata processed throughout the operation. The metadata is all the information that defines and describes the structure, operation, and contents of the DW/BI system (Kimball).
As previously mentioned, Enterprise Data Management is a major concern for all business enterprises. Building a comprehensive strategy to maintain the DW/BI Lifecycle was conceived by the Kimball Group in the mid-1980s. “Regardless of your organization’s specific DW/BI objectives, we believe an overarching team goal should be business acceptance of the DW/BI deliverables to support the business’ decision making” (Kimball). Today’s Big Data is arriving from a multitude of sources. The company must invest resources and time in order to take advantage of the business opportunities which are waiting to be discovered with BI tools for analysis.
Introduction to business intelligence
To start, I would like to explain the purpose of today’s blog post. Over the past thirty days I have embarked on the path to discovering the role of BI technologies in contemporary organizations. I have discovered that today’s business environment is populated with increasingly complicated decisions. This blog post will examine how the decision process is assisted by utilizing BI technology.
My intention is to reach the business intelligence community as well as the business professional. We will discuss BI solutions, data, organizational memory, CRM, knowledge management (KM) and other concepts which led to quick business reflexes.
In effort to understand the business intelligence process, I would like to describe the process for discovering knowledge in big data. Data, information, and knowledge must be processed through data management. This BI process is known as a decision support system. It has been discovered that there are two technologies which comprise the organization’s data. A data warehouse, which is a logical repository for data, and Data mining refers to the process of discovering patterns from the data stored in the data warehouse. Decision support systems are directly related to the organization’s decision making process. When an organization discovers the unstructured data that exist within in its knowledge base, the firm discovers a data gold mine for developing better customer relationships. Therefore, business intelligence is associated with knowledge management, data warehousing. Data mining, and (DDS) decision support systems are important to a firm’s ability to compete in today’s business environment.
BI impact improves operational performance, customer service, and helps with the identification of new opportunities. Of course, there are obstacles, many firms experience technology obstacles and organizational obstacles (Sabherwal, 2007).
To help improve business intelligence there are technologies such as, web mining, radio frequency identification, enterprise resource planning, online analytical processing, visualization tools, digital dashboards, balanced scorecards, DDS, and knowledge management. Products are available and supplied from mega vendors who customize BI solutions to meet the financial needs of the company. The solutions provide users with presentation, insight creation, information integration, and organizational memory. These four products are customized and are essential to a company’s business intelligence capabilities. The leading BI vendors are IBM, SAP, Oracle, and Microsoft providing global business intelligence solutions.
Business intelligence will continue to have a massive impact on the business community. Software will be developed and solutions will continue to evolve. The subject of BI deserves continued research as the competition within the business environment expands and evolves.
I would like to thank my reader’s for being a part of this blog. You may look forward to reviewing more chapters being added in future post.
436 MEDIA Inc. 2017
The publisher’s job is to over see the smooth transition of licensing rights between the film company and the music producer.The publisher must clear the music rights before the composition is excepted for logging. This means that the person who created the music/lyrics, will receive proper credit for the title if it is used in the film. It is also the publisher’s job to explain the licensing process to all parties involved with the project.
While contemplating the future of entertainment I discovered that the local Indy Film producer needs to network with the local Indy Music producer in order to stream line the licensing process . This can be done with assistance of a local publisher who understands intellectual property . This can also be achieved by networking with an open mind and understanding that we must work together in order to achieve our creative and artistic goals.