How does Business Intelligence (BI) work?
Business Intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help executives, managers, and other corporate end users make informed business decisions.
Difference between BI and Business Analytics: Business Intelligence primarily focuses on using past and present data for operational insights and decision-making. In contrast, Business Analytics emphasizes predictive modeling and statistical analysis to identify trends and forecast future outcomes.
Difference between BI and Business Reporting: Business Intelligence encompasses a broad range of tools and methodologies for data analysis, including but not limited to reporting. Business Reporting is more narrowly focused on the generation of static or dynamic reports from business data for specific decision-making purposes, without the extensive analytical capabilities found in BI.