Can business intelligence analysis be equivalent to business data analysis?

Generally, when we hear “business intelligence analysis”, we often subjectively equate it with “business data analysis”, and think that business intelligence analysis is just to participate in the analysis of business data with the help of AI such artificial intelligence, and finally get the basis for managers to make decisions. However, when someone asks you what business intelligence analysis is, it is often difficult for us to accurately summarize its overall picture, even though we know it is very important for business and business. Therefore, today we might as well work with acloudear network, an enterprise operation digital strategic service provider, to distinguish such a topic: can business intelligence analysis be equivalent to business data analysis?

What is business intelligence analysis?

Some people think that business intelligence analysis is a method; Others believe that business intelligence analysis is a set of tools, so what is business intelligence analysis? In fact, we can understand what business intelligence analysis is through what business intelligence is.

Business intelligence, also known as business intelligence, is defined as a complete set of solutions. It is used to effectively integrate the existing data in the enterprise, quickly and accurately provide reports and put forward decision-making basis, and help the enterprise make wise business decisions. Business intelligence analysis is based on the results of this solution. For example, we are familiar with SAP BusinessObjects business intelligence and SAP analytics cloud related to business intelligence of SAP Business Technology Platform “BTP business technology platform”. The suite can transform data into useful insight anytime and anywhere.

What is business data analysis?

Some people think that the professional term business data analysis is the professional domain knowledge related to prediction and statistical analysis. In short, business data analysis is our processing of the existing data of the enterprise. Through sorting, descriptive analysis, diagnostic analysis, predictive analysis, prescription analysis and other analysis, we draw some conclusions to provide suggestions and references for improving the business.

In this way, business data analysis is less than business intelligence analysis. However, separate business data analysis is often not comprehensive enough, so there are some problems in reality. The business data analysis provided by the IT department does not work at all. Then let the business provide ideas for improvement. It seems that the business can’t say such an embarrassing situation.

Example: business intelligence analysis and business data analysis

In fact, the current leading business analysis solutions can not be simply data, but must be intelligent. Let’s take SAP BusinessObjects business intelligence, a business intelligence solution that supports an important part of SAP Business Technology Platform (BTP), as an example.

It is a centralized suite supporting data reporting, visualization and sharing. It can use machine learning, artificial intelligence, business intelligence and enhanced analysis technology to help users gain real-time insight, analyze past and current situations, and simulate future scenarios. Business intelligence, with the help of intuitive self-help analysis function, explores the data of the whole organization and provides insight for decision-making. It is more like an insight program to dig into the essence of this week, which can summarize the past, predict the future, plan, etc., rather than just analyze the existing data and draw a conclusion.

Conclusion: business intelligence analysis cannot be equated with business data analysis, because business data analysis is only the intuitive feedback of data in business intelligence analysis, while business intelligence analysis is a comprehensive analysis and insight into the whole organization within the enterprise, and business intelligence analysis has more reference value for enterprise managers.

To deeply understand the value of enterprise business intelligence analysis, you might as well start with SAP BTP. SAP BusinessObjects business intelligence (BI) and SAP analytics cloud can provide your enterprise with in-depth business and business insight and provide optimization suggestions for future business development.

This article "Can business intelligence analysis be equivalent to business data analysis?" by AcloudEAR. We focus on business applications such as cloud ERP.

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