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                                                                 II










                                        Descriptive Analytics
















                    Learning Objectives fOr Part ii
                    ■   Learn the role of descriptive analytics (DA) in   ■   Learn the importance of information
                      solving business problems                      visualization in managerial decision support
                    ■   Learn the basic definitions, concepts, and   ■   Learn the foundations of the emerging field
                      architectures of data warehousing (DW)         of visual analytics
                    ■   Learn the role of data warehouses in managerial   ■   Learn the capabilities and limitations
                      decision support                               of dashboards and scorecards
                    ■   Learn the capabilities of business  reporting and   ■   Learn the fundamentals of business
                      visualization as enablers of DA                performance management (BPM)




                    Descriptive analytics, often referred to as business intelligence, uses data and  models to answer
                    the “what happened?” and “why did it happen?” questions in  business  settings. It is perhaps
                    the most  fundamental echelon in the three-step analytics  continuum upon which predictive and
                      prescriptive  analytics capabilities are built. As you will see in the following chapters, the key enablers
                    of  descriptive analytics include data warehousing, business reporting, decision dashboard/
                    scorecards, and visual analytics.



















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           M03_SHAR9209_10_PIE_C03.indd   107                                                                     1/25/14   7:35 AM
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