Business intelligence strategy and big data analytics

Data Analytics can also be preferred, when there is a need for business to forecast future trends of data based on the past data. If there is a business scenario, where the client needs to deal with current day market trends and generate ad-hoc reports then data analytics would be the right option.

But, the reporting or visualizations developed vary based on the type of business data and business scenarios. Reporting is a key feature that can be implemented with the help of Business Intelligence and Data Analytic tools.BI helps users to identify the loopholes in managing the data and rectifies them by providing efficient decision-making scenarios. Business Intelligence, on the other hand, is implemented in a situation where an organization doesnР В Р вЂ Р В РІР‚С™Р Р†РІР‚С›РЎС›t have any changes to its current business model and its prime purpose is to meet organizational goals. Data Analytics helps the business users in analyzing the historical data, current data and predicting future trends to make the right changes in the proposed business model. Data Analytics is implemented in a situation where an organization is relatively new and needs significant changes to its business model.Some of the business operations such as cleansing the data, modeling the data, transforming the data and forecast future trends of data are the key aspects of implementing data analytics. BI is implemented only on historical data stored in the Data Mart or Data warehouses. Business Intelligence is implemented across many organizations to enhance their decision-making capabilities, analyze the business data, perform data mining, develop reports and improve operational capabilities.Data Analytics is a standard or common process that is employed under various procedures or strategies by many organizations around the globe depending upon their business needs. Data Analytics or Business Analytics is a process that helps the enterprise users to transform the raw or unstructured data into a meaningful format.Devens uses the term BI (Business Intelligence) to describe how a banker named Sir Henry Furness, has gained profit by analyzing his own environment to stay ahead of his competitors.

The earliest usage of Business Intelligence was discovered in the Р В Р вЂ Р В РІР‚С™Р вЂ™Р’ВCyclopedia of Commercial and Business Anecdote bookР В Р вЂ Р В РІР‚С™Р Р†РІР‚С›РЎС› written by Richard Miller Devens in 1865.Key Differences between Business Intelligence vs Data analytics Hadoop, Data Science, Statistics & others

Business intelligence strategy and big data analytics