More recently, the trend in analytics has been instead to provide the people who have questions about their data with the tools to get their own answers. In this approach to BI, highly-formatted reports are created by a few people-typically report developers-and distributed to an entire department or organization.
Traditional business intelligence (BI) has been focused mostly on reporting.
LYTICS VS BUSINESS INTELLIGENCE PLATFORM DOWNLOAD
BI is important to improve your decision-making based on past results, while business analytics will help you move forward and understand what might be going to happen.įree Report: Get the Definitive Guide to Business Intelligence Download Now This is a very important distinction as both will provide you with different, not less, insights. This will help you anticipate in what’s coming, while BI will tell you what happened. Business Analytics is looking in front of you to see what is going to happen.
To me the difference between Business Intelligence is looking in the rearview mirror and using historical data from one minute ago to many years ago. Vice President of Engineering, Noetix Products BI also includes analysis of historical data from multiple sources enabling informed decision making as well as problem identification and resolution.īusiness Analytics relates to the exploration of historical data from many source systems through statistical analysis, quantitative analysis, data mining, predictive modelling and other technologies and techniques to identify trends and understand the information that can drive business change and support sustained successful business practices. We surveyed seven leading experts across the business intelligence spectrum to better understand the distinction between these two touchstone terms.īusiness Intelligence is needed to run the business while Business Analytics are needed to change the business.īI is focused on creating operational efficiency through access to real time data enabling individuals to most effectively perform their job functions.
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