Hexaware Business Intelligence & Analytics Blogs Guide to“A Practitioner’s View”Latest Trends and Information on BI/ DW Te...
TOC·    Trim Tabs in Business Intelligence           1                                                Click Here·    2012 ...
What are Trim Tabs? – Trim tabs are small surfaces connected to the                                                    tra...
identify the BI ‘Trim Tabs’, i.e. those small areas that can provide the      7) What are the regulatory requirements for ...
Data Integration (DI) platforms like Informatica, DataStage, BODS,                       ODI, SSIS and others are the back...
• Provide an interface to configure the default object names that        • Design templates for scenarios like data archiv...
What is Counterparty risk?                                                    Counterparty credit risk is traditionally de...
of the creditworthiness of the counterparty (i.e. through a credit cycle)   The framework should also create a work flow t...
In the architectural set up of a Data Warehouse (or Business                                                     Intellige...
1. A manager initiating a training program for resources on observing   Tactical Decisions are made by Managers who work o...
One of the most interesting aspects of Business Intelligence is the                                                     fa...
Business Intelligence StackA prezi showing the components in each of the layers is accessible atthis link –http://bit.ly/p...
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“A Practitioner’s View” on the latest trends and information on BI/ DW technologies for 2012

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“A Practitioner’s View” on the latest trends and information on BI/ DW technologies for 2012

  1. 1. Hexaware Business Intelligence & Analytics Blogs Guide to“A Practitioner’s View”Latest Trends and Information on BI/ DW Technologies for 2012Actionable Intelligence Enabled www.hexaware.com © Hexaware Technologies. All rights reserved.
  2. 2. TOC· Trim Tabs in Business Intelligence 1 Click Here· 2012 Wish list for Data Integration Platforms 5 Click Here· Managing Counterparty Risk with Actionable BI Solutions 9 Click Here· Data Management, Information Management and then Decision management 13 Click Here· Business Intelligence and Analytics- The Different Dimensions 17 Click Herewww.hexaware.com© Hexaware Technologies. All rights reserved.
  3. 3. What are Trim Tabs? – Trim tabs are small surfaces connected to the trailing edge of a larger control surface on a boat or aircraft, used to control the trim of the controls, i.e. to counteract hydro- or aero-dynamic forces and stabilize the boat or aircraft in a particular desired altitude without the need for the operator to constantly apply a control force. This is done by adjusting the angle of the tab relative to the larger surface. As a metaphor, Trim Tabs are used to denote tiny components, which Trim Tabs in nevertheless have a great impact on things that they are attached to. This blog post is about the relevance of this metaphor to BI in enterprises. Business Business Intelligence practitioners acknowledge the fact that BI & Analytics in any organization is a journey, an evolution over a period of time. The canvas for BI is extensive and spans the business technology continuum. Intelligence Given that BI can add value in many areas of an organization and there are many solutions possible in each of those areas, it is important towww.hexaware.com© Hexaware Technologies. All rights reserved. 1 2 Click Here >
  4. 4. identify the BI ‘Trim Tabs’, i.e. those small areas that can provide the 7) What are the regulatory requirements for the company?maximum value for invested money. In one of my earlier blogs, I had And many more. In essence, clarity on one aspect of the problemtalked about the concept of “analytics anchor points” – Business (business model) will go a long way in selecting the analytics anchorprocesses that should be considered first for optimization through points (BI Trim Tabs) for that particular organization.analytics.Identifying the analytics anchor points in an organization is a non-trivial -by Karthikeyan Sankaranexercise. In my humble opinion, such a process should start with acomplete understanding of the organization’s ‘Business Model’.Business Model is a set of assumptions about how an organization willperform by creating value for all the players, on whom it depends,including its customers. From BI perspective, once the practitionerunderstands the business model of the company, many questionsgets answered:1) What drives the company’s success and how BI can help?2) Who are the stakeholders and what information are they looking for?3) What needs to be optimized and how it can be done?4) What is the architectural blueprint and how will it evolve?5) How fast should information get delivered?6) How much data needs to be collated and how far into the past should one go?www.hexaware.com© Hexaware Technologies. All rights reserved. 3 4 Click Here >
  5. 5. Data Integration (DI) platforms like Informatica, DataStage, BODS, ODI, SSIS and others are the backbone for a well designed Business Intelligence application. DI platforms ensure that all the required data are provisioned at the right time, with quality. In the process of configuring and running DI platforms, we come across few scenarios where DI platform needs to be extended with tools/utilities. Some of these scenarios are like analysis of the metadata captured by DI platform, integration with other applications like helpdesk and others. These scenarios can be added as a product2012 Wish list feature to the DI platform. Following are the features that Data Integration platform vendors should consider introducing in the DI product.for Data IntegrationPlatforms • A feature which can provide a Network-like view to understand the dependency between tables present in DI process components. DI process components are ‘Jobs in DataStage’ or ‘mappings in Informatica’. The Network view should enable us to drag a table and focus on its dependency on other DI processes and tables 5 6 Click Here >
  6. 6. • Provide an interface to configure the default object names that • Design templates for scenarios like data archival or data cleanup would be assigned to an object, like widget or transformation (as in from large tables, for comparison of two data sets (data set can be Informatica), or an object like stage (as in DataStage). The a table or file), auto data type conversion will be useful for migration configured name should be assigned when the icon is dragged of data from one database to another database into the design interface by developer.• Prebuilt integration with Helpdesk applications like Remedy to log Thanks for reading, let me know your thoughts on what are the other data errors and job failures as a ticket into the helpdesk system features that you feel should be considered in a DI platform.• ‘Data Element Aware’: This feature should understand a column’s -by Muneeswara C Pandian data values like of ‘people name’ and then suggest checks and validations that needs to be performed for such columns• ‘Domain Data Aware’: This feature should understand the business areas like Investment Bank, and have pre built data validation rules to handle external data like Bloomberg• Enable calculations like aggregation and metric derivation to be interoperable with the semantic layer metadata of reporting tools. For example if a Business Objects Universe is given as input to a DI product, then the DI product should be able to suggest what calculations in the Universe can be moved to the DI layer and the suggested data structure to store the calculations• Data Correction interface for analysts with the workflow feature to look at the error data, correct, approve and re-process them back into the target tableswww.hexaware.com© Hexaware Technologies. All rights reserved. 7 8 Click Here >
  7. 7. What is Counterparty risk? Counterparty credit risk is traditionally defined as the risk that a counterparty to a transaction fails to perform under its contractual commitment for the variety of products that the Bank trades with the counterparty such as forex instruments, letters of credits, repossessions, derivatives, etc. Counterparty credit risk is an inevitable component of capital markets trading businesses and banking activities. The ability to measure, aggregate and monitor counterparty credit risk ensures that bank’s external customers are willing and able to honor their contractual commitments and credit losses are minimized. Any changes to the credit quality and the exposures should be regularly evaluated and communicated to the Managing Counterparty senior management to make prudent credit decisions in their investment portfolios and to reduce exposure to the deteriorating Risk with Actionable counterparties. BI Solutions Why is it important? A counterparty credit rating reflects the best expectation of its Probability of Default (PD) based on an analysis of its economic and financial strength. In our experience it is typically assessed at the level of senior unsecured creditor. Some of the banks and financial institutions also consider country risk ratings and adjust the counterparty rating based on this. This rating reflects a long term viewwww.hexaware.com© Hexaware Technologies. All rights reserved. 9 10 Click Here >
  8. 8. of the creditworthiness of the counterparty (i.e. through a credit cycle) The framework should also create a work flow to make manualthough suitable adjustments (normally downgrades) are made based additions and changes to the counterparty and exposure informationon the market data. easily. Also provide critical alerts for risk rating and exposureAll trading counterparties are categorized into broad, high level downgrades and upgrades in the desired frequency.industry classes. These broad classifications are designed to identifypools of counterparties with similar business environment, regulatory Some of the common business benefits arerequirements and common macro-economic risk drivers. This • Reduce your turn around time for consolidation of counterpartysegmentation helps in tracking credit quality across different portfolios reporting.and setting portfolio limits. • Create a Master repository of counterparties, grouping, products, exposures and risk factors. • Get alerts for ratings, total exposure fluctuations beyondWhat should you look for in a framework that captures all analytics thresholds.dimensions? • Monitor trends for dimensions mentioned above and fasterCounterparty risk analytics framework should provide automated decision making.aggregation of data from various source systems that house the creditand limit information for domestic and international counterparties. Technical benefits areAdditionally this should enable automation of the agency ratings and • Pre-Built connectors across source systems using excel interfacesCDS swap spread data based on the information available. • Prebuilt data models , Business metrics and scenariosThe framework should help create a central risk database that stores • Prebuilt data loadersmaster data around counterparties, products, exposures and risk • Standard KPIs coveredfactors. It should also provide an application to extract and manipulate • Prebuilt Reports and Dashboardsexposure & ratings data from underlying source system. MS Excel files • Data and Report Centralization analytics.can be linked to load data into the historical risk database. Thisdatabase can be used to produce a set of reports and dashboards -by Sheba Fernandothat enables senior management to take critical decisions aroundcounterparties and their exposures.www.hexaware.com© Hexaware Technologies. All rights reserved. 11 12 Click Here >
  9. 9. In the architectural set up of a Data Warehouse (or Business Intelligence/BI) system, we can define two layers, they are • Data Management and • Information Management Data Management performs the function of data collection from Business Transaction systems, validation of data, integration of data and provisioning the data for analysis and interpretation. Information Management performs the function of deriving information from the data stored in the Data Management layer and presenting them as analytical reports and dashboards. Decision Management is a new layer that gets added into a Data Warehouse landscape acting as a connector between the InformationData Manageent, Management layer and the Business Transaction Systems.Information Management To understand further on Decision Management, let us define what is decision and types of decisions.and then Decision Management What is Decision? Decision is defined as ‘a solution or direction provided to resolve a problem’. A decision leads to an action and in a Business context action invokes a business process. Some examples of decisions in a business arewww.hexaware.com© Hexaware Technologies. All rights reserved. 13 14 Click Here >
  10. 10. 1. A manager initiating a training program for resources on observing Tactical Decisions are made by Managers who work on predefined quality issues in deliverable target values set against a metric and have continuous monitoring2. A store manager providing the discounted price for preferred process over the metrics. Metrics are measures which define customers on observing lesser stock and faster movement of performance of a business process like revenue per sales person. products The decisions here are based on how a metric is performing against a target value. These decisions are covered by the3. An accountant sending an e-mail note to supplier on seeing a Decision Management Systems. repeated delay in delivery • With the increase in the regulatory requirements, enforcement on data trail and auditing is becoming very vital for every decisionsWhat is Decision Management? being made in the business. In the future organizations will haveManaging the ‘data of decisions’. Being able to capture and Decision Management as one of their key initiatives to addressunderstand the decisions that have been taken is called Decision regulatory requirements.Management. Current products in the market serving ‘Decision Management’ area look at automation of the decision process and do not to defineWhat ‘Decisions’ can be Managed? process or tools to ‘capture and store the decisions’. To build anThere are three types of Decisions, they are effective Decision Management System, a repository of ‘Decisions’ is very essential.• Strategic• Tactical Thanks for reading, let me know your observations.• Operational -by Muneeswara C PandianStrategic Decisions are made by Senior Management and CXO’s;these are long term in nature and are dependent on the marketconditions. These are not covered by the Decision ManagementSystems.www.hexaware.com© Hexaware Technologies. All rights reserved. 15 16 Click Here >
  11. 11. One of the most interesting aspects of Business Intelligence is the fact that it has a wide canvas for the practitioners to paint their strokes. We at Hexaware have made an attempt to draw a boundary around BI to make sense of its different dimensions. The artifacts that have been used in this exercise are mentioned below. In BI & Analytics context, the technology stack has the following components, viz. • Industry Domain • Business Process • Data & Information Management Business Intelligence • Reporting & Dashboards, Performance Management, High-end Analytics and Analytics- • Information Delivery The Different BUSINESS INTELLIGENCE STACK Information Delivery Dimensions Reporting & Dash boarding Performance Management Analytics (Forecasting, Predictive, Optimization) Data and Information Management Business Process Industry Domainwww.hexaware.com© Hexaware Technologies. All rights reserved. 17 18 Click Here >
  12. 12. Business Intelligence StackA prezi showing the components in each of the layers is accessible atthis link –http://bit.ly/pbzNiSA more detailed view of the specific components is provided as aMindmap at this link – http://bit.ly/gEYGIR. Product Vendors Ecosystem Mode of Delivery BI – The Dimensions Layers CompetenciesWith this framework in place, Hexaware’sBusiness Intelligence & For more queries on our BI&A offerings please get in touch withAnalytics practice is involved in developing many tools and corporatemarketing@hexaware.com andframeworks that can add significant value to enterprises. Please do BIInnovations@hexaware.comreach out to us for any queries. And thanks for reading. “Want to keep up with the industrys latest trends? Visit our blog onTagged as: Business Analytics, Business Intelligence – A Practitioner’s BI http://blogs.hexaware.com/index/business-intelligence to hearView, Data & Information Management from our expertswww.hexaware.com© Hexaware Technologies. All rights reserved. 19 20 Click Here >

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