BNMC 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 BNMC 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 978-482-2020 to learn more.

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Thursday, October 18 2018

Captcha Image

Subscribe to Our Blog!

Mobile? Grab this Article!

Qr Code

Tag Cloud

Security Tip of the Week Technology Best Practices Cloud Email Privacy Malware Hackers Business Computing Internet Microsoft Software Computer Network Security Google Business Tech Term IT Services Hosted Solutions Mobile Devices Ransomware User Tips Productivity Smartphone Small Business Android Managed IT Services Backup Efficiency Saving Money Cloud Computing Data Recovery Business Continuity Hardware Data Management Windows IT Support Internet of Things Browser Innovation App Cybersecurity Windows 10 Communication Data Managed IT Services Data Backup Windows 10 Encryption Passwords Facebook Gmail Business Management Server Artificial Intelligence Remote Monitoring Microsoft Office Website Employer-Employee Relationship Disaster Recovery Upgrade Productivity Analytics Smartphones communications Tip of the week Chrome Infrastructure Applications Office 365 Managed Service Provider Phishing Workplace Tips Network Vulnerability IT Support Outsourced IT Money Word Risk Management IT Management Social Media Office Tips Google Drive Bandwidth Save Money Content Filtering Robot Miscellaneous Big Data Settings Antivirus Government Data storage Maintenance BYOD YouTube Alert Spam Computing Company Culture Outlook VPN Display WiFi Data Security Operating System Business Technology Wireless LiFi Server Management Hosted Solution Touchscreen Managing Stress Virtual Private Network Monitors Administration Vendor Management Mobile Device Laptop Mouse Information The Internet of Things Paperless Office Automation HIPAA Apple VoIP End of Support Storage Two-factor Authentication Virtual Reality Data loss Avoiding Downtime Unified Threat Management Mobile Security Scam Telephone Systems desktop SaaS Business Intelligence Firewall Users Holiday Language Value Document Management Spyware Retail Network Management Access Control Regulations Uninterrupted Power Supply Alt Codes Dark Web Employee-Employer Relationship Mirgation Recycling File Sharing Scary Stories Politics Bring Your Own Device Cyber Monday IoT Computer Care IBM Social Augmented Reality K-12 Schools Running Cable Budget Legislation Cookies MSP Solid State Drive Customer Service Managed Service Computing Infrastructure Professional Services Identity Theft Office LED Samsung Information Technology SharePoint Social Networking Buisness Typing Humor Microsoft Excel Training Corporate Profile Virtual Desktop PowerPoint Current Events Quick Tips Techology Chatbots eWaste Sports Tech Support Best Practice Managed IT Smart Technology Star Wars How To Lenovo Wearable Technology Network upgrade Automobile Statistics Tablet Nanotechnology Development Hard Disk Drive Chromebook Blockchain Alerts USB Social Engineering Co-Managed IT Apps Downloads Motherboard Cables Dell Cryptocurrency Mail Merge WannaCry Onboarding IT solutions Going Green VoIP Unified Threat Management Identity Continuity Cabling Websites Google Docs Shortcut Distributed Denial of Service Fraud Cost Management Slack Education Hacks Firefox Superfish Smart Office Google Maps Bluetooth Comparison Screen Reader Charging Address Permissions Licensing Dongle Cybercrime Safety Content Google Wallet Wires Downtime Bitcoin Digital Signage Remote Computing Printing User Error Solar Marketing Business Growth Patch Management Managed IT Service Assessment Network Congestion Monitoring Password Customer Relationship Management Work Gadgets Legal Specifications Smart Tech Windows 8 Cooperation Service Level Agreement Digital Payment Streaming Unified Communications Drones Heating/Cooling Multi-Factor Security Router Voice over Internet Protocol Hotspot Internet Exlporer Digital Writing Troubleshooting Time Management Printer Compliance Disaster Wi-Fi Hacker Break Fix Computers Spying Networking IT Technicians Optimization Collaboration Halloween Deep Learning Search Black Friday Connectivity Emergency Staff Leominster Servers Google Calendar Modem FinTech Dark Data Analysis Update Printers Webcam Computer Repair Relocation Mobile Computing Mobile Data Error How To Work/Life Balance Recovery Point of Sale Ben McDonald shares Health Private Cloud Black Market Travel Law Enforcement G Suite Supercomputer CrashOverride Notifications Electronic Medical Records Staffing Twitter Motion Sickness Physical Security Emoji Administrator Upgrades Gadget Taxes IT Budget Crowdsourcing BDR Web Server what was your? GPS Personal Information Botnet Cortana 3D Printing Regulation IT Consultant Cameras Tracking Processors Meetings Machine Learning Virtualization Mobile Device Management Unsupported Software Cleaning CCTV

What Our Clients Say

  • BNMC has provided us with nothing less than outstanding service and results for all of our IT needs for the past few years. Every member of their staff is professional, knowledgeable, friendly and eager to solve any problem...
  • 1
  • 2
  • 3