What are Business Intelligence and Data Analytics?
Business intelligence analyzes historical data to allow for informed business decisions whereas data analytics focuses on algorithms to predict trends.
Business intelligence is a set of reporting tools and methods for collecting, analyzing, and presenting business information to support better business decisions.
Business intelligence data visualization tools are used to design charts and graphs that display sales, production, financial, and other business data. Dashboards and performance scorecards display business metrics and key performance indicators (KPIs) to help visualize complex data relationships in an easy-to-understand way.
Business intelligence can accelerate and improve strategic and tactical decision-making, optimize internal business processes, and increase operational efficiency.
Data analytics uses algorithms to examine current and historical data. Using tools—such as online analytical processing (OLAP), data mining, predictive analytics, and statistical analysis—data analytics identify patterns and relationships in data and predicts future trends.
Here are a few projects that provided data analytics and business intelligence.