Business Intelligence
and
Business Analytics
What is Business Intelligence?
It is the science of collecting and processing data
The Process of Business Intelligence
Business Intelligence Tools
• Data Visualization
• Data Warehouse and Data Marts
• Data Mining
• Reporting
• OLTP and OLAP
What is Business Analytics?
It is the interpretation of data to derive meaningful
business insights that enable firms to make data
driven decisions.
Types of Business Analytics
• Descriptive Analytics: What happened?
• Diagnostic Analytics: Why it happened?
• Predictive Analytics: What might happen?
• Prescriptive Analytics: What to do next?
Difference between Business Intelligence and Business
Analytics
Basis Business Intelligence Business Analytics
Scope Subset of Business
Analytics
Broad
Objective To collect and represent
data in an understandable
manner
To derive insights and
understandings
Focus Present Present and Future
Initiative Reactive Proactive
Hey Friend,
This was just a summary on Business Intelligence And Business
Analytics. For more detailed information on this topic, please type
the link given below or copy it from the description of this PPT and
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www.transtutors.com/homework-help/management/managing-
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Business Intelligence And Business Analytics | Management

  • 1.
  • 2.
    What is BusinessIntelligence? It is the science of collecting and processing data
  • 3.
    The Process ofBusiness Intelligence
  • 4.
    Business Intelligence Tools •Data Visualization • Data Warehouse and Data Marts • Data Mining • Reporting • OLTP and OLAP
  • 5.
    What is BusinessAnalytics? It is the interpretation of data to derive meaningful business insights that enable firms to make data driven decisions.
  • 6.
    Types of BusinessAnalytics • Descriptive Analytics: What happened? • Diagnostic Analytics: Why it happened? • Predictive Analytics: What might happen? • Prescriptive Analytics: What to do next?
  • 7.
    Difference between BusinessIntelligence and Business Analytics Basis Business Intelligence Business Analytics Scope Subset of Business Analytics Broad Objective To collect and represent data in an understandable manner To derive insights and understandings Focus Present Present and Future Initiative Reactive Proactive
  • 8.
    Hey Friend, This wasjust a summary on Business Intelligence And Business Analytics. For more detailed information on this topic, please type the link given below or copy it from the description of this PPT and open it in a new browser window. www.transtutors.com/homework-help/management/managing- information-technology/business-intelligence-analytics/