Business Intelligence (BI) involves infrastructure that collects, stores, and analyzes data from company activities. It transforms raw data into actionable insights for business use.
Improved Decision Making Increased Operational Efficiency Financial Performance Customer Satisfaction
Sales Performance Dashboard Customer Behavior Analysis Inventory Management
Data Analytics (DA) uses stats and tech to analyze raw data, uncovering insights to make better business decisions
Predictive Insights Enhanced Market Understanding Operational Improvement Risk Management
Patient Health Trend Prediction Operational Efficiency Improvement Drug Effectiveness Analysis
The trend indicates a convergence of BI and DA, with businesses increasingly leveraging both for comprehensive insights into historical performance and future predictions.