Thursday, July 10, 2014

Business Intelligence Market Shifts from Indeed.com and SQL Magazine

How does analytics differ from business intelligence? 

Analytics means interacting with information at the speed of business, continuous iterative data exploration, and fact-based decision making using statistical and quantitative analysis, explanatory, predictive and prescriptive modeling. 

Analytics is closely related to operational management science. 

Where traditional business intelligence was historically focused on measuring past performance with querying, reporting, OLAP, and dashboards answering what happened, how many, how often and where type questions. 

Analytics strives to answer why, and forward looking questions such as what if these trends continue, what will happen next, and what is the best that can happen?

No comments:

Post a Comment