In recent years, organizations have increasingly turned to advanced software solutions to manage workloads, maintain profitability and ensure competitiveness within their respective industries. While there are several options available, business intelligence tools (BI) and business analytics tools (BA) are arguably the most widely implemented data management solutions. Business analysts and software buyers alike often ask what are the key differences between business intelligence vs business analytics.
Business intelligence solutions are among the most valuable data management tools available. BI solutions collect and analyze current, actionable data with the purpose of providing insights into improving business operations. Are you looking for ways to better understand your business operations? What about discover pain points in your workflows? How about analyze big data sets to draw valuable insights? You need a business intelligence solution.
Business analytics software is either a child or parent (depending on who you ask) of the business intelligence category. Like BI, it is primarily used to analyze historical data, but with the intention of predicting business trends. It also usually has an eye toward improvement and preparation for change.Business intelligence (BI) this represents the tools and systems that would play a key role in the strategic planning process within your corporation. These BI systems would allow your company to gather, store, access and analyze corporate data to aid in decision-making. Business Outcomes of BI includes; Faster and more accurate reporting, analysis or planning; better business decisions; improved employee satisfaction and improved data quality top the list. Benefits achieved least frequently include reducing costs, increasing revenues and reducing IT headcount.