Remove Dashboards Remove Information Remove OLAP Remove Optimization
article thumbnail

What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Decision support systems definition A decision support system (DSS) is an interactive information system that analyzes large volumes of data for informing business decisions. ERP dashboards. These DSS include systems that use accounting and financial models, representational models, and optimization models. Clinical DSS.

article thumbnail

What Role Does Data Mining Play for Business Intelligence?

Jet Global

Business intelligence (BI) software can help by combining online analytical processing (OLAP), location intelligence, enterprise reporting, and more. If data is the fuel driving opportunities for optimization, data mining is the engine—converting that raw fuel into forward motion for your business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating Data Entities, BYOD, and Data Lakes in Microsoft Dynamics

Jet Global

Now, instead of making a direct call to the underlying database to retrieve information, a report must query a so-called “data entity” instead. Online analytical processing (OLAP), which enabled users to quickly and easily view data along different dimensions, was coming of age. Data warehouses have been in widespread use for years.

article thumbnail

Understanding Data Entities in Microsoft Dynamics 365

Jet Global

For anyone that needs to develop custom reports and dashboards, it all begins with understanding data entities. To include detailed information about each inventory item on the report, you might also need to link the item number from the invoice detail to the item master table in which additional information on each SKU is stored.

article thumbnail

The Future of AI in the Enterprise

Jet Global

The optimized data warehouse isn’t simply a number of relational databases cobbled together, however—it’s built on modern data storage structures such as the Online Analytical Processing (or OLAP) cubes. Cubes are multi-dimensional datasets that are optimized for analytical processing applications such as AI or BI solutions.

article thumbnail

Financial Intelligence vs. Business Intelligence: What’s the Difference?

Jet Global

There was always a delay between the events being recorded in financial systems (for example, the purchase of a product or service) and the ability to put that information in context and draw useful conclusions from it (for example, a weekly sales report). Over the past few decades, however, technology has been closing that gap.

article thumbnail

AI vs. BI for Business, What Do You Need?

Jet Global

Business intelligence, by definition, “includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance” in a business environment. What are some of the core components of business intelligence?