Confusion in the meaning of business intelligence and analytics
Business intelligence and business analytics are generally seen by many as different sets of words defining the same concept. Can you tell the difference between business intelligence and business analytics? You may answer that everyone has got their opinions, no one knows, and that you are not supposed to care.
Every person has a notion
Having heard what various people say concerning either business intelligence or business analytics, you can confidently put it that each and every person has an idea that differs from your opinion of what terms related to analytics mean. For instant, when someone says that “business intelligence” instead of “business analytics”, their intention is to insist that business analytics is an overall term that is comprised of business intelligence, analytical applications such as Message Metric Call Tracking software, compliance, risk ,enterprise performance management and enterprise information management. Other people may say that business analytics is a knowledge domain tied with predictive analysis or statistical analytics.
Two things that must be differentiated
However, there are two things that must be differentiated: the business element of business intelligence and the information technology element of business intelligence. Business intelligence is the part concerned with valuable information that is required by the enterprise .This need for information has not actually changed for many years, although there is an increase in economic complexity making it difficult to deliver.
The major issues that stop you from having value from information have not changed in many years either. These issues remain ranging from information culture, lack of competent analytics, and politics among others. The IT aspect of business intelligence deals with the technology in the provision of firms needs. This element is dynamic: sometimes it changes radically.
Confuses the heck out of everybody
The issue with vocabularies appears due to the common use of business intelligence to mean both business intelligence and business analytics. This confuses the heck out of everybody. In particular, the changing information technology infrastructure (which is inevitable)has influenced many analysts and made them somewhat uncomfortable with “dated” terms .now they want to change these terms for newer ones .They think that the new terms will bring the difference in their coverage that is as better as rest.
Say no
When you see people introducing new terms, they are inevitably (cynically and deliberately)dismissing the old ones as backward and just technology driven, and the new terms are praised as business actionable or oriented terms. This should not happen as you watch.Boo loudly to pundits who say so.
Used since 1951
The term business intelligence was first used in 1951 when the first computer for commercial purpose (LEO) was introduced. Its purpose was to respond to business needs through information that was actionable. It was used to determine the number of sandwiches and cakes to be made for the day that followed basing on demand of these consumables in the previous day in a particular tea shop
Nobody cares what term to use, but when you are overseeing a certain project, find the best way of leveraging information, and put appropriate technology in place to respond to business needs. Then use any term to refer to the process.
Business intelligence and business analytics are generally seen by many as different sets of words defining the same concept. Can you tell the difference between business intelligence and business analytics? You may answer that everyone has got their opinions, no one knows, and that you are not supposed to care.
Every person has a notion
Having heard what various people say concerning either business intelligence or business analytics, you can confidently put it that each and every person has an idea that differs from your opinion of what terms related to analytics mean. For instant, when someone says that “business intelligence” instead of “business analytics”, their intention is to insist that business analytics is an overall term that is comprised of business intelligence, analytical applications such as Message Metric Call Tracking software, compliance, risk ,enterprise performance management and enterprise information management. Other people may say that business analytics is a knowledge domain tied with predictive analysis or statistical analytics.
Two things that must be differentiated
However, there are two things that must be differentiated: the business element of business intelligence and the information technology element of business intelligence. Business intelligence is the part concerned with valuable information that is required by the enterprise .This need for information has not actually changed for many years, although there is an increase in economic complexity making it difficult to deliver.
The major issues that stop you from having value from information have not changed in many years either. These issues remain ranging from information culture, lack of competent analytics, and politics among others. The IT aspect of business intelligence deals with the technology in the provision of firms needs. This element is dynamic: sometimes it changes radically.
Confuses the heck out of everybody
The issue with vocabularies appears due to the common use of business intelligence to mean both business intelligence and business analytics. This confuses the heck out of everybody. In particular, the changing information technology infrastructure (which is inevitable)has influenced many analysts and made them somewhat uncomfortable with “dated” terms .now they want to change these terms for newer ones .They think that the new terms will bring the difference in their coverage that is as better as rest.
Say no
When you see people introducing new terms, they are inevitably (cynically and deliberately)dismissing the old ones as backward and just technology driven, and the new terms are praised as business actionable or oriented terms. This should not happen as you watch.Boo loudly to pundits who say so.
Used since 1951
The term business intelligence was first used in 1951 when the first computer for commercial purpose (LEO) was introduced. Its purpose was to respond to business needs through information that was actionable. It was used to determine the number of sandwiches and cakes to be made for the day that followed basing on demand of these consumables in the previous day in a particular tea shop
Nobody cares what term to use, but when you are overseeing a certain project, find the best way of leveraging information, and put appropriate technology in place to respond to business needs. Then use any term to refer to the process.