631-905-9617    Get SUPPORT

Suffolk Computer Consultants Blog

What Are the Differences Between Business Intelligence and Business Analysis?

What Are the Differences Between Business Intelligence and Business Analysis?

A lot is being made about running smarter businesses. Many businesses are looking to their data to try and work out how to build a better business. Two terms you typically hear during this conversation are business intelligence and business analysis. Today, we will take a look at the two terms, decipher their meaning, how they are different from one another, and how they can help you determine the resources a business needs to improve itself.

In order to get the most out of your data, you have to have data collection platforms in place that will allow you to analyze data that is relevant. You see, your organization has a lot of data that, if it’s not stored properly, could be useful but isn’t helping at all. The data warehouse is basically a repository used to allow data from disparate storage systems to be analyzed properly. For example, if you have marketing information you want to analyze with relevant sales information, you need to have a place where all the data can be read from.

BI vs. BA
The easiest way to explain the difference between business intelligence and business analysis is: business intelligence is a noun. It is a system of congregating and analyzing data. Business analysis on the other hand is more of a verb that represents the act of analyzing data to identify business problems and finding solutions for those problems. Both require significant data sets to be effective, but they hold two completely separate functions.

Business Intelligence
A business intelligence strategy is one that seeks to analyze the business as it stands. Learning more about your business can have a lot of benefits, but for the business intelligence professional, their sole job is to analyze the data to find out answers about how the business has been functioning over certain periods of time to identify where alterations can be made to improve the business. BI’s value is in the process of delivering the information needed for administrators to make data-driven decisions.

Business Analysis
Business analysts are tasked with actively enabling the change that needs to be made within an organization by defining gaps in production and by presenting solutions. They take the data that has been provided by the BI system and try to find solutions to the business’ problems. Sometimes they utilize other strategies using the collected data to try and predict the market for a product or service and the effect decisions would have on operations.

Data-Driven Decisions
The increase in organizational use of BI and BA suggests that more companies than ever are looking to their data to take the guesswork out of how their business is performing. Using BI strategies, they can compare data from multiple departments to get a clear picture of just how their business is working. Then with BA they can plan a corrective course, bring in new solutions, or stay on the same trajectory if the data says so.

If you are interested in getting started using your data to your organization’s benefit, call the IT professionals at Suffolk Computer Consultants today to discuss how they can help you warehouse your data and get you the analysis software you need to start running a smarter business. Call us today at 631-905-9617 to learn more.

Tip of the Week: Functional Excel Features
The Nigelthorn Malware is a Lot Less Friendly than...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Saturday, October 20 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Technology Business Computing Best Practices Cloud Privacy Cybersecurity Network Security Managed IT Services Malware Tech Term Communications Backup Smartphones Productivity Microsoft Communication Business Hardware Passwords Hosted Solutions Hackers User Tips Efficiency Internet VoIP Google Business Management Ransomware Email Android Small Business Outsourced IT Software Browser Social Media Wi-Fi Alert Save Money Innovation Smartphone Windows 10 Miscellaneous Data Recovery Saving Money Cloud Computing Business Intelligence Applications Employer-Employee Relationship Collaboration Internet of Things Computer Router Data Microsoft Office Bandwidth Twitter Data Backup Users Government Managed IT Services Data Breach IT Services Data Management Patch Management Settings Vulnerability Phishing Mobile Devices Excel Virtualization Office IT Support Mobile Device Network BDR Automation Apps Access Control Password Analytics Marketing Gadgets Blockchain VoIP Workplace Tips Windows App Compliance How To Computers Website Office 365 Hacking Business Continuity Paperless Office Wireless Charging Artificial Intelligence Physical Security Managed IT Service IT Support Data Protection Cost Management Spam Retail Wireless Networking Gmail Mobile Device Management Remote Monitoring Law Enforcement Workers Holiday Information VPN Dark Web WiFi Cybercrime Scam Tech Terms Chrome Tip of the week Remote Computing Virus Company Culture Politics Battery Productivity Virtual Assistant Cortana Word Spotify Licensing Online Shopping Server Management Downloads Email Management Sales Big Data WannaCry Environment Millennials Ink Gadget Paste iPhone Plug-In Backup and Disaster Recovery Information Technology Document Management Tactics Telephone System Cables Websites Microsoft Teams Hiring/Firing Content Filtering Error Printer Server Travel Trends Tablet HIPAA e-waste Troubleshooting IT budget PowerPoint Facebook Shortcut Proactive IT SSD Entertainment Work/Life Balance Biometrics Touchscreen Digital Internet Explorer Recovery Voice over Internet Protocol Managing Stress Disaster Recovery Managed IT Cleaning Office Tips Printers Automobile Live Streaming Machine Learning A.I. Maintenance Botnet Knowledge Reporting Hard Drive disposal Files Telephony Update IT Management Sports CrashOverride Telephone Systems File Sharing Remote Monitoring and Management Inventory Access Microsoft Office 365 Two-factor Authentication Edge Threat Remote Support Dongle G Suite User Tip Processors Value WhatsApp Telecommute Movies Antivirus Hard Drives Google Drive Comparison Medical IT BYOD Voice over IP Outlook Connectivity Remote Control User Security Analysis Lead Generation Mobile Security Authentication Tech Support Laptop Printing Phone System Hosted Solution Amazon Bring Your Own Device Education Server Smart Technology Spyware Google Maps Safety Data loss Unified Communications Specifications GDPR SaaS eCommerce Network Attached Storage Streaming Media Spam Blocking Business Technology Managed Service Operating System Authorization Paper Copy Apple Technology Tips Hybrid Cloud Telecommuting HP Database Staffing News Staff RAM Multi-Factor Security Conferencing Storage IaaS IP Address Managed Service Provider Worker Quick Tips Credit Cards DDoS Television Instagram Customer Service Emoji Money HaaS Employer Employee Relationship Mobile Office Printer Regulation Upgrade Fun Domains Freedom of Information Unified Threat Management Windows 10 Current Events Public Speaking Leadership Yahoo Presentation Encryption Computer Care Lithium-ion battery Personal Information Search Net Neutrality Augmented Reality Wireless Technology 5G Vendor Management IBM Gaming Console Autocorrect Avoiding Downtime Emergency Hacker The Internet of Things Budget Scalability Dark Data Scheduling Customer Relationship Management Video Games Samsung Competition Synergy

Newsletter Sign Up