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Bi often refers to the process that is undertaken by business analysts in order to learn from the data they collect in a post analysis phase.
Business intelligence vs analytics definition. Once data has been collected and analyzed business intelligence analytics systems then use that data for predictive modeling. When you practice business intelligence you use your available methods software and strategies to keep an eye on your own company and how it performs in the broader context of the business world. Data analytics gives you a lot of tools that you can use to help your company.
Business intelligence analytics focuses on descriptive analytics combining data gathering data storage and knowledge management with data analysis to evaluate past data and providing new perspectives into currently known information. Business intelligence vs business analytics. Should we be treating these terms as synonyms.
While business intelligence and business analytics serve similar purposes and the terms may be used interchangeably these practices differ in their fundamental focus. Business intelligence encompasses analytics acting as the non technical sister term used to define this process. They both generally describe the practice of using data to make better business decisions.
Today these two terms are pretty much used interchangeably. Business intelligence bi vs analytics. But are they actually the same thing.
Bi as it s commonly referred to is a broad umbrella term for the use of data in a predictive environment. Business intelligence and analytics are data management solutions implemented in companies and enterprises to collect historical and present data while using statistics and software to analyze raw information and deliver insights for making better future decisions. Business analytics software is used to explore and analyze historical and current data.
Business intelligence is the use of all of those tools. Business intelligence focuses on descriptive analytics. Business analytics is any data driven process that provides insights to drive tangible and intangible value.
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