Provides easy access to timely information and direct access to management reports

Dashboards in data visualization

written 3.3 years ago by teamques10 ★ 37k •   modified 10 months ago

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Dashboards evolved from executive information systems, which were information systems designed specifically for the information needs of top executives.

Today, however, many employees, business partners, and customers can access an organization’s digital dashboards.

A dashboard provides easy access to timely information and direct access to management reports.

It is user friendly, it is supported by graphics, and, most importantly, it enables managers to examine exception reports and drill down into detailed data.

Below table summarizes the various capabilities common to many dashboards. Moreover, some of the capabilities discussed in this section have been incorporated into many BI products, as illustrated in Figure below.

Provides easy access to timely information and direct access to management reports

Provides easy access to timely information and direct access to management reports

One outstanding example of a dashboard is the Bloomberg Terminal. Bloomberg LP (www .bloomberg.com), a privately held company, provides a subscription service that sells financial data, software to analyze these data, trading tools, and news (electronic, print, TV, and radio).

All of this information is accessible through a colorcoded Bloomberg keyboard that displays the desired information on a computer screen, either the user’s screen or one that Bloomberg provides.

Users can also set up their own computers to access the service without a Bloomberg keyboard. The subscription service plus the keyboard is called the Bloomberg Terminal. It literally represents a do-it-yourself dashboard, because users can customize their information feeds as well as the look and feel of those feeds (see Figure).

Provides easy access to timely information and direct access to management reports

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The most distinguishing characteristic of geographical information systems is:

Every record or digital object has an identified geographical location.

This information system uses data visualization technologies to analyze and display data in the form of digital maps for planning and decision making purposes.

GIS (Geographical Information System)

Which capability of digital dashboards enables users to have reports that highlight deviations larger than certain thresholds?

At the end of a semester, a student knows that she must score at least an 81 on the final exam to receive an A in the course. She decided that she can make the 81 by studying the material only the night before the exam. She has just performed what kind of analysis?

The process for loading into data warehouses and data marts is called extract, load and transform (ELT).

Data silos are often associated with

the development of one or a few related analytics applications.

Which of the following is not a reason that managers need IT support?

decisions are becoming less complex

In the __ phase of the decision making process, managers set criteria for the evaluation of alternative potential solutions.

Early information systems mainly supported the information roles of managers.

The type of decision that can be made by following a definite procedure is called a(n) ___ decision.

Business ___ has been defined as a broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data to help business users make better decisions.

___ is the study of the impact of a change in the assumptions (input data) on the proposed solution.

Which of the following is not a characteristic of DSS?

relatively difficult to use and construct

A ___ provides easy access to timely information and direct access to management reports

Broad category of applications, technologies, and processes for gathering, storing, accessing and analyzing data to help business users make better decision

Difference between BI and BA

BI can answer what happened? how many? how often? where the problem is, what actions are needed?
BA: Why is that happening? What will happen if these trends continue? What will happen next? What is the best/worst thing that can happen?

Process by which an organization achieves its goals thru the use of resources

a manager's success is measured by the ratio of inputs to outputs

1. Inerpersonal
2. Informational
3. Decisional

Decision making model steps

1. Intelligence phase
2. Design phase
3. Choice phase

managers examine a situation and identify and define the problem or opportunity

construct a model for addressing the situation

selecting a solution or course of action that seems best suited to resolve the problem

decision-making processes fall along a continuum ranging from highly structured to highly unstructured

1. Operational control
2. Management control
3. Strategic planning

executing specific tasks efficiently and effectively

acquiring and using resources efficiently in accomplishing organizational goals

the long-range goals and policies for growth and resource  allocation

Figure 5.2
the 3 primary classes of problem structure and the 3 broad categories of the nature of decisions combined to make a decision support matrix

Vital in modern decision making and organizational performance
Encompasses applications, technologies and processes to "get data in" and "get data out"

Corporate performance management (CPM)

monitoring and managing an organization’s performance according to key performance indicators (KPI) such as revenue, return on investment, overhead and operational costs

online analytical processing

"slicing and dicing" data stored in a dimensional format, drilling down the data to greater detail and aggregating the data

· the process of searching for valuable BI in a large database, data warehouse or data mart

2 basic operations of data mining

1. predicting trends and behaviors
2. identifying previously unknown patterns

Decision Support Systems (DSSs)

combine models and data to analyze semistructured problems and some unstructured problems that involve extensive user involvement

simplified representations or abstractions of reality

the study of the impact that changes in one or more parts of a decision making model have on other parts
-examine the impact that changes in input variables have on output variables

attempts to predict the impact of a change in the assumptions (input data) on the proposed solution

-represents a "backward" solution approach
-attempts to calculate the value of the inputs necessary to achieve a desired level of output

provides easy access to timely information and direct access to management reports

Geographic information system

computer based system for capturing, integrating, manipulating, and displaying data using digitized maps

allows analysts to extract information from the usage patterns of mobile phones and other wireless devices

allows users to employ multidimensional analysis, data mining, and decision support systems to analyze data in real time

What is Direct Access quizlet?

DirectAccess is an always-on remote access technology that is based on IPv6 communication. True. A DirectAccess connection is on and available even when a user is not logged into the network.

Is the process by which organizational goals are achieved through the use of organizational resources?

management: The planning, organizing, leading and controlling of human and other resources to achieve a organizational goals efficiently and effectively.

What is not a characteristic of DSS?

Which of the following is not a characteristic of DSS? They support all phases of the decision-making process.

IS are data that have been organized to have meaning and value to a recipient?

29) Knowledge is data that have been organized so that they have meaning to provide value to the recipient.