What is the Difference
Between Business Intelligence and Business Analytics?
There is a lot of confusion
between the definition of business intelligence and business analytics. Business
intelligence scientists usually study computer science, unlike business
analysts who study mathematical science. The usage of business intelligence goes
way back to 1960’s, but the first intend of using it was around 1989. Business intelligence
normally answers the questions: what happened? Who? When? And how many?
On the contrary, business
analytics answers these questions: what does this mean? why did it happen? Will
it happen again? Will it happen if we change a variable? And what else can the
data tell us?
Business intelligence also
includes reporting the key performance indicators and metrics, monitoring, and automated
altering. It mentions the business information in applications and technologies
to support the business decision making based on old results. On the other
hand, business analytics is about the exploration of historical data, data
mining, big data and text analytics, quantitative and statistical analysis, predictive
analysis and modelling. For that, business intelligence is an essential element
in the strategies of every large corporation to get the chance of business
expansion. It means that by understanding what might happen, the business can
move forward.
To summarize, business intelligence
and business analytics are both powerful factors that do not separate in the
business field. They complete each other to achieve the best resolution and expand
the business in the market.
http://searchdatamanagement.techtarget.com/definition/business-intelligence
The differences are what I always want to know. Thanks for sharing!
ReplyDelete