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In my previous post, I discussed the differences between Business Intelligence and Business Analytics. Two other terms that are often confused are Business Analytics and Data Analytics, but they are actually quite separate entities. This one picture highlights the differences between the two…Continue
Business Intelligence (BI) and Business Analytics (BA) are both used to interpret business information and create data-based action plans. The two terms are frequently used interchangeably, and many people consider one to be a subset of the other (there's some disagreement about whether BI is a subset of BA, or BA is a subset of BI). However, it might be more accurate to describe them as two arms of successful business planning: BI tells you the…Continue
Business intelligence is an umbrella term covering a variety of ways to collect, store and analyze business operations and activities data. This one picture shows you the different processes and methods that make up the business intelligence sphere.
Predictive analytics, prescriptive analytics and the fairly recent offshoot-- discovery analytics-- can all support business decision making. Although the three tools are very similar in that they build off the same analytic foundation, the types of decisions they support are quite different. This one picture explains the differences between the three methods.…Continue