Artificial Intelligence (AI) has permeated many different applications, from house-cleaning robots to self-driving cars and web-based smart assistants. With the proliferation of business data, it’s not surprising that AI is also impacting data analytics and BI tools being used in various industries. Data analytics and BI landscape: Traditional BI tools can no longer effectively process and visualize the large amounts of complex data being generated by numerous business systems, devices, and channels in the modern enterprise. It is no wonder that AI and allied technologies have featured in Gartner’s Hype Cycle for Emerging Technologies. AI, by definition, refers to the […]
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5 Differences Between Business Intelligence and Analytics
Technology solutions that define themselves as “business intelligence” (BI) or “analytics” both provide insights based on past and present data in order to shape decisions that will help to achieve business objectives. What are the similarities and differences between business intelligence and analytics solutions? Both types of solutions help to organize data and present it in the form of effective visualizations. When it comes to the differences, some experts have opined that BI helps to run the business, while analytics are needed if you want to change the business. Let us look at five major differences between business intelligence and […]
Difference Between Business Intelligence vs Data Mining
Business Intelligence transforms the data into actionable information. It helps in optimizing organizations’ strategic and tactical business decisions using the applications, infrastructure and tools, and the best practices that facilitate access to the operational facts and figures of an organization. Data Mining is the process of evaluating the unrecognized patterns in the sets of large raw data, as per the different perspectives to categorize the data into useful information resulting in gaining business insights to solve issues beforehand. Business Intelligence (BI) In layman’s language, the Business Intelligence will analyze the complex raw data of an organization and transform them into […]
Introduction to Business Intelligence Tools
In this Topic, we will learn about Business Intelligence Tools, As going to the next level of growth is one of the primary goals of any company or organization. There are two fundamental reasons why this is one of their most important goals. Firstly, a company is never in a steady state; it is either moving in an upward or downward trajectory. If the company’s growth strategies are working, then they are headed towards the next level of success, while growth strategies that do not work may result in overall failure. This means that focusing on growth will help a […]
Business Intelligence Interview Questions and Answer
Business Intelligence is nothing but a term that helps the user in decision making to run the business or important questions related to business. It helps the user in the management of any organization for the growth of their business. BI helps the user to make the decision that leads to growth in their business with the help of the appropriate reports and data of any business, which is very important. So you have finally found your dream job in Business Intelligence but are wondering how to crack the 2021 Business Intelligence Interview and what could be the probable Business […]
Get a Better Return on Your Business Intelligence
There is a lot of hype and buzz around business intelligence. Companies are investing millions of dollars in business intelligence technology. However, unless this is accompanied by the simultaneous creation of a strong foundation for taking intelligent business actions, they are unlikely to reap a good return on that investment. An analogy might help explain what we mean by this. Imagine a plane heading from Dallas to New York. If that flight’s trajectory were just a degree off, it would end up in the ocean instead. The fact is that planes are more than a degree off 95% of […]
How To Develop A Successful Business Intelligence (BI) Strategy
A business intelligence strategy is your Blueprint for deciding how you will use data in your company. You need a strategy because merely choosing the right technology, and implementing a software platform is not enough to realize a return on investment. To create a strategy, you must determine three things. How will you deploy the software platform? How will you manage the data for analysis? And how will you enable your people to make informed, data-driven decisions? A business intelligence strategy will help your company reap the rewards of having actionable insights. Examples include access to sales performance benchmarks, human […]
9 great books about business intelligence (BI)
Business Intelligence (BI) is rapidly becoming more accessible and important for interpreting big data. With the right tools, anyone can use BI to learn more about their business and what will help them succeed. These books cover an array of expertise for every reader: from beginners who only know the term “Business Intelligence” and want to learn more, to business managers who want to make their BI analysis more effective. And if real-life examples of business intelligence in action, we’ve got an article for that. What is business intelligence? BI refers to an infrastructure that contains an assortment of processes […]
BI/DW: What is Business Intelligence and Data Warehousing?
There tends to be some confusion in the industry concerning the differences between business intelligence tools (BI) and data warehousing (DW). Some people conflate them into a single term – BIDW (Business Intelligence/Data Warehouse) – and consider them to fundamentally be the same thing. Others consider them separate software categories. As with many conflicts, the truth depends upon your point of view. This article will break down the similarities and differences between data warehouse vs business intelligence, examine the capabilities of BIDW software and explain how to select a BIDW solution. What Is Business Intelligence? Business intelligence is defined by […]
Hospital Business Intelligence: A Comprehensive Guide
You pull up to your doctor’s office, ready to queue up and answer a legion of questions about your health, but before you get a complete sentence out, the receptionist has your entire medical history at her fingertips. How? Hospital business intelligence leverages BI tools to document patient records, improve medical processes and offer guidance. What Is Hospital Business Intelligence? Healthcare organizations adopt business intelligence and reporting tools to facilitate data-driven insights and boost patient care. These solutions evaluate different metrics, including patient diagnosis, wait time, safety, readmission rates and more. They centralize patient data for analysis and report sharing […]