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
Friday, August 17 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 Best Practices Technology Business Computing Cloud Privacy Cybersecurity Managed IT Services Communications Malware Backup Network Security Tech Term Smartphones Hardware Microsoft Business Business Management Outsourced IT Hosted Solutions Passwords Communication Software Hackers Ransomware Google Social Media Alert Android VoIP Wi-Fi Email Small Business Productivity Save Money Data Backup Employer-Employee Relationship Data Recovery Business Intelligence Router Applications Internet Computer Twitter Microsoft Office Smartphone Network Innovation Automation User Tips Miscellaneous Data Management Analytics Saving Money Phishing VoIP Windows 10 Bandwidth Cloud Computing Virtualization Mobile Devices Patch Management Settings Data Breach Vulnerability Efficiency Password BDR Data Collaboration Apps IT Support Blockchain Excel Internet of Things Browser Government Office IT Services Website Office 365 IT Support Cost Management Company Culture Artificial Intelligence How To Politics Remote Monitoring Compliance Networking Law Enforcement Wireless Wireless Charging Holiday Spam Mobile Device Management Physical Security Managed IT Service WiFi Cybercrime Data Protection Windows Scam Gmail Business Continuity Managed IT Services Tech Terms Battery Retail Information Cortana Virtual Assistant Tip of the week Remote Computing Productivity Chrome App Workers Virus VPN Gadgets Access Control Hacking Word Paperless Office Computers Websites Microsoft Teams Phone System News Workplace Tips Document Management Tactics Education Smart Technology Users Multi-Factor Security Conferencing Work/Life Balance Licensing Online Shopping HIPAA e-waste Email Management Sales Managed IT Trends Millennials Office Tips Automobile SSD Paste iPhone Botnet IT budget PowerPoint SaaS Managing Stress Telephone System Plug-In Digital Internet Explorer Content Filtering Staffing Travel Cables Hard Drive disposal Tablet Machine Learning A.I. Inventory Hard Drives IT Management Sports Dongle G Suite Gadget Proactive IT Edge Threat Information Technology Telecommute Movies Live Streaming Voice over Internet Protocol Processors Value Two-factor Authentication Knowledge Server Files Telephony Google Maps Lead Generation Mobile Security Telephone Systems File Sharing Reporting Connectivity Printer Server Bring Your Own Device Facebook Shortcut Remote Support Remote Monitoring and Management Laptop Printing Entertainment Biometrics Dark Web User Tip Data loss Unified Communications Recovery WhatsApp Spyware Disaster Recovery Tech Support Google Drive Comparison Safety Voice over IP Operating System Maintenance Remote Control User Security Medical IT Network Attached Storage Streaming Media Cleaning Printers Spotify Technology Tips Hybrid Cloud CrashOverride Hosted Solution Analysis Paper Access Marketing Staff RAM Amazon HP Database Specifications eCommerce WannaCry Environment Antivirus Spam Blocking Business Technology Hiring/Firing GDPR Server Management Downloads Telecommuting Backup and Disaster Recovery Big Data Copy Apple Managed Service Ink BYOD Fun Gaming Console Freedom of Information Customer Service Storage Mobile Office Upgrade Scalability Domains Video Games Yahoo Synergy Encryption Error Worker Windows 10 Regulation IaaS Credit Cards Public Speaking Search Mobile Device Television Presentation Emoji Vendor Management Lithium-ion battery Printer Autocorrect HaaS Avoiding Downtime Augmented Reality Wireless Technology 5G Dark Data Unified Threat Management Scheduling Samsung IBM Current Events The Internet of Things Managed Service Provider Leadership Hacker DDoS Budget Instagram Competition Emergency Customer Relationship Management Money Computer Care Employer Employee Relationship Net Neutrality Personal Information IP Address

Newsletter Sign Up