Business intelligence may sound simplistic, but really is not. It covers the entire collection of strategies, techniques, tactics, and tools used to analyze businesses and business-related data. Business analytics, the popular field of study is a part of business intelligence itself, again pointing to its importance.
Business analysts who become successful in their respective line of work do so because they learn the art of business intelligence over the course of their career. Analytics is only one part of business intelligence and doesn’t cover its entire structure.
Even though a business analyst doesn’t learn every principle of business intelligence in an analytics course, it is an area which can be learned on a professional level while working. Some skills can be learned in a classroom and others require students to become professionals to finally comprehend. Business intelligence is one of them.
In this article, we study the basic of business intelligence.
Business Intelligence Basics
There are many moving parts one has to consider in business intelligence. While business analytics is more prescriptive in nature and helps give direct answers to a client or company, business intelligence is more wholesome and descriptive and covers the entire analytical process and structure of a company.
Business intelligence covers the measurement, analytics, and reportage of data and figures used to evaluate a business. It starts from the point where an analyst decides to measure a certain metric for some analytical reason and ends when the process is complete and the data has been account in the final report. While analytics is not really involved in the early stages of data selection and rationalization, business intelligence covers this part of the process as well.
In Conclusion
Business intelligence is the overarching field that covers business analytics and a range of other business fundamentals. It has an essential role to play in the success of an enterprise and the individuals working in the same. Both business intelligence and analytics are crucial to the success of a business, the former being the super set of the latter.
In this article, we covered the basics of business intelligence. If you want to learn more about business intelligence, take a trial class at the business analytics course in Delhi offered at Kapil Heera Academy.
About the Author
Ashutosh Kumar is a renowned tech blogger and writer. His interests include business analysis and marketing skills and strategies. He has a penchant for writing on the latest trends in the field of business and technology