CIO Business Intelligence
JULY 5, 2022
Business analytics and business intelligence (BI) serve similar purposes and are often used as interchangeable terms, but BI can be considered a subset of business analytics. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward. This is the purview of BI.
FineReport
MARCH 24, 2024
Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. Descriptive analytics: Assessing historical trends, such as sales and revenue.
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O'Reilly on Data
OCTOBER 16, 2018
Create a coherent BI strategy that aligns data collection and analytics with the general business strategy. They recognize the instrumental role data plays in creating value and see information as the lifeblood of the organization. That’s why decision-makers consider business intelligence their top technology priority.
CIO Business Intelligence
JANUARY 20, 2023
BI tools access and analyze data sets and present analytical findings in reports, summaries, dashboards, graphs, charts, and maps to provide users with detailed intelligence about the state of the business. Whereas BI studies historical data to guide business decision-making, business analytics is about looking forward.
Domino Data Lab
JANUARY 21, 2021
Both of these considerations affect the overall return of a data science project, by speeding up the time it takes to “get to value”, or reducing costs associated with training. Cancellation code is probably a good indicator of a flight delay, but if it’s only present for 2-3% of the data, is it useful? ref: [link].
datapine
JANUARY 31, 2022
BI software uses algorithms to extract actionable insights from a company’s data and guide its strategic decisions. BI users analyze and present data in the form of dashboards and various types of reports to visualize complex information in an easier, more approachable way.
Jet Global
MAY 1, 2023
Create a quantitative analysis that proves how embedded analytics are the key to meeting these goals. Discuss, don’t present. Show how embedded analytics will enhance sales and marketing through better demos and shorter sales cycles. Present your business case. Use the experts in analytics to add value to your product.
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