Difference Between Business Intelligence vs Business Analytics
Business Intelligence comprises technologies and strategies incorporated by the enterprise industries to analyze the existing business data, which provides past (historical), current, and predictive events of the business operations. Business Analytics is the process of technologies and strategies used to continue exploring and extracting insights and performance from past business information to drive successful future business planning.
Head-to-Head Comparison Between Business Intelligence vs Business Analytics (Infographics)
Below are the top 6 comparisons between Business Intelligence vs Business Analytics:
Key Differences Between Business Intelligence vs Business Analytics
Following is the difference between Business Intelligence vs Business Analytics is as follows:
- Business Intelligence uses past and current data, whereas Business Analytics uses past data to extract insights and run the business operations that drive customer needs and increase productivity. Harnessing customer insights effectively allows businesses to tailor their strategies more precisely and meet evolving market demands, enhancing both current operations and future planning.
- Business Intelligence mainly concentrates on reporting the analyzed data, whereas Business Analytics concentrates on multiple tools that perform different operational applications using various tools.
- Business Intelligence comes almost under Business Analytics, where Business Analytics contains Business Intelligence, data warehousing, information management, enterprise applications and governance, risk, and security compliances.
- Business Intelligence is a way of analyzing the existing data. In contrast, Business Analytics will have Business Intelligence reports act as inputs for the analytics to process the extracted information more sophisticatedly to visualize the analyzed data.
- Business Intelligence uses statistical analysis, predictive analysis, and predictive modeling to set the current trends and determine the reasons for current outcomes or happenings. In contrast, Business Analytics has no control over huge amounts of data to retrieve, analyze, report, and publish the data.
- Business Intelligence consists of a User Interface Dashboard to conduct the analysis and operations. In contrast, Business Analytics has a lot of tools to work on, and that also needs some software application knowledge to carry out the tasks to be done.
- Business Intelligence gives insights or information about the data itself rather than making extra transformations or conversions to give data insights. On the other side, Business Analytics involves the way of problem-solving by enabling technologies to transform the raw form of data into a meaningful way to convey the solution easily.
- Business Intelligence can be applied more to structured data from enterprise applications such as Financial Software Systems or Enterprise Resource Planning (ERP) to get insight from past financial information or past financial transactions in supply chain and operations. Business Analytics can be applied to unstructured and semi-structured data by transforming them into meaningful data before analyzing them to get insights.
- Business Intelligence consumes the data in the same format to get insights. In contrast, Business Analytics transforms or breaks the existing data into different forms or elements and studies them to get insights into it.
- In Business Intelligence, the data can be produced as Dashboards, reports, or pivot tables for different users like executives, managers, and analysts. In contrast, Business Analytics uses past Business Intelligence capabilities and information to help customers be highly productive in getting their jobs done.
- Business Intelligence is the content of data that you have with you. In contrast, Business Analytics is how you use or operate on that data to get your insights out of that data.
- Business Intelligence is all about accessing big data Business Analytics uses different latest technological methodologies to handle the big data.
- Business Intelligence is used to run businesses effectively, whereas Business Analytics is how to change the business to make it more productive and operations effective.
- Business Intelligence is the subset of Business Analytics, and the benefits of Business Analytics are causing BA to get more popular and drawing attention from business users to get more valuable things out of it.
- Business Intelligence incorporates different tools and methodologies for use in the stages of data analysis. The common types of tools include data reporting, Real-Time analysis, Mapping Analysis, Online Analytical Processing, Dashboarding, etc., and Business Analytics incorporates different stages and phases of analysis such as SWOT analysis, use case modeling, predictive modeling, data modeling user stories, requirement analysis, functional requirement, and non-functional requirement analysis, etc.,
Business Intelligence vs Business Analytics Comparison Table
Below is the comparison table between Business Analytics vs Business Intelligence:
|
Basis For Comparison |
Business Intelligence | Business Analytics |
| Definition | Analyses past and present to drive current business needs. | Analyses past data to drive current business. |
| Usage | To run current business operations. | To change business operations and improve productivity. |
| Ease of Operations | For current business operations. | For future business operations. |
| Tools | SAP Business Objects, QlikSense, TIBCO, PowerBI, etc. | Word processing, Google Docs, MS Visio, MS Office Tools, etc. |
| Applications | Apply to all large-scale companies to run current business operations. | This applies to companies where future growth and productivity as their goal. |
| Field | Comes under Business Analytics. | It contains a Data warehouse, information management, etc. |
Conclusion
Business Intelligence analyses past and present data to operate the current business efficiently. In contrast, Business Analytics analyses past data to analyze current scenarios and prepare for future businesses. To use the businesses based upon requirements, Business Intelligence and Business Analytics play different roles in their usage, causing business productivity. The further requirements are based on the existing and past business data to run the current and future business operations effectively. Choosing the solutions for the business depends on the company’s aims, goals, and targets. Companies that require vast amounts of data in cases of data warehouses and huge impacting visual reporting should seriously consider business intelligence as their tool to operate their businesses productively.
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