Out of the Box Solutions 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 Out of the Box Solutions 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 800-750-4OBS (4627) 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, November 16 2018

Captcha Image

Mobile? Grab this Article!

Qr Code

Tag Cloud

Tip of the Week Security Technology Best Practices Business Computing Network Security Tech Term Internet Cybersecurity Privacy Smartphones Efficiency Browser Communication User Tips Malware Productivity Hardware Android Microsoft Cloud Users Data Saving Money Managed IT services Mobile Device Ransomware Network Email Passwords Small Business Windows 10 Wi-Fi Communications Outsourced IT Backup Business Management Workplace Tips Social Media Managed IT Services Collaboration Innovation Data Backup Google Business Intelligence Employer-Employee Relationship Blockchain Hosted Solutions Information VoIp Software Marketing Mobile Devices Data recovery Internet of Things Networking IT Support Business Wireless Applications Managed IT Service Artificial Intelligence Remote Computing Patch Management Cost Management Analytics Cloud Computing Bandwidth Computer Virtual Assistant Managed Service Wireless Charging Cortana Compliance Virtualization VPN BDR Gmail Data Management Computers IT Services Save Money Tech Terms Automation Hackers Connectivity Operating System Company Culture Staff Dongle Paper Tablet Medical IT Lead Generation Network Attached Storage Movies Conferencing Authentication Paperless Office Smartphone Maintenance Business Technology Analysis Battery Facebook Error Processors Cables BYOD eCommerce Laptop Technology Tips Apps Managing Stress Troubleshooting Ink Excel SaaS Password Twitter Office Authorization Digital Data loss Router Vulnerability Machine Learning Database Voice over Internet Protocol Telecommuting Plug-In Wireless Internet Online Shopping Streaming Media Environment Tip of the week Update Government PowerPoint Knowledge Office 365 GDPR Inventory Unified Communications Content Filtering Spam Websites Internet Explorer Phishing IT Management Touchscreen Spyware Cybercrime Proactive IT Backup and Disaster Recovery Downloads Comparison WannaCry Server Management e-waste G Suite User Tip Outlook Big Data Sports Telephony Data Protection RAM Edge Virus Safety Threat Data Breach Server Microsoft Office 365 HP Tactics Workers Remote Monitoring and Management Settings Hard Drives Trends Specifications HIPAA disposal Bring Your Own Device Profitability Voice over IP Storage Mobile Security Microsoft Teams Gadgets Miscellaneous Antivirus Printing Sales Reporting Access Control Document Management Telecommute Millennials Microsoft Office IT budget SSD A.I. Dark Web Hard Drive Value Hybrid Cloud Amazon Eliminating Downtime Holiday Physical Security Printers Quick Tips Disaster Recovery Regulation Alert