Intro
Both business intelligence and data analytics are two very important concepts when it comes to business operations or management. But is there any similarity between both the concepts or are they completely different than each other? Well, that’s the question that we will address today. So, today we are going to learn about both business intelligence and data analytics in detail to see if there is any difference between both concepts or not.
Basic Difference between business intelligence and data analytics
Business Intelligence deals with the recording of business data for studying the performance of an organization and finding ways to optimize its performance and operations. It is mainly used for explaining the performance/growth of an organization in the past.
Whereas data analytics deals with collecting and processing data for retrieval of meaningful information. It helps a business retrieve patterns out of raw data, evaluate data trends and utilize found patterns for improving its performance. To learn how you can evaluate data trends with data analytics feel free to enroll yourself in the Data Analyst Training Institute in Delhi.
Operation vs Innovation
Business intelligence revolves around collecting raw data and evaluating the growth of an organization in the past. It pays emphasis on the operation of a business and explains the performance/growth of an organization in the past. Whereas data analytics revolves around collecting and converting raw data for finding future trends and patterns. It pays emphasis on innovation and helps organizations forecast future trends and patterns.
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Past vs Future
Another difference between both concepts is that business intelligence focuses on the past while data analytics focuses on the future. Business intelligence helps an organization understand the causes of its growth in the past. On the other hand, data analytics helps an organization in forecasting future trends and patterns. Furthermore, data analytics involves more risk in comparison to business intelligence.
Decision-Making vs Questioning Trends
Business intelligence revolves around questioning past trends and explaining the performance and growth of an organization in the past. While data analytics helps top-level management in developing future strategies and taking important decisions regarding the business.
Achieving Goals Vs Adding Goals
Business intelligence pays emphasis on achieving goals that are part of the objectives (business objectives) of an organization. While data analytics pay emphasis on adding goals for the growth of an organization and improving the performance of its operations. Thus, it is right to say both the concepts serve two different purposes and are very different than each other. To learn about the purpose of data analytics in more detail feel free to join the Data Analyst Training Institute in Gurgaon.
Conclusion
Both data analytics and business intelligence are very useful for an organization and can help it a lot in improving and optimizing its performance/operations. But both of them come with their advantages and disadvantages and serve different purposes. Thus, it is right to say that both the concepts are very different than each other and don’t have any kind of similarity between them.
