BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Explanation: Business intelligence (BI) is a broad category of application programs and technologies for gathering, storing, analyzing, and providing access to data from various data sources.

Detailed explanation-2: -Business analytics (BA) is a set of disciplines and technologies for solving business problems using data analysis, statistical models and other quantitative methods. It involves an iterative, methodical exploration of an organization’s data, with an emphasis on statistical analysis, to drive decision-making.

Detailed explanation-3: -How do business intelligence and business analytics support decision making? Business intelligence (BI) and business analytics (BA) promise to deliver correct, nearly real-time information to decision makers, and the analytical tools help them quickly understand the information and take action.

Detailed explanation-4: -BI programs often incorporate forms of advanced analytics, such as data mining, predictive analytics, text mining, statistical analysis and big data analytics. A common example is predictive modeling that enables what-if analysis of different business scenarios.

Detailed explanation-5: -For example, while business intelligence might tell business leaders what their current customers look like, business analytics might tell them what their future customers are doing. Some experts use business analytics as a term to describe a set of predictive tools used within the realm of business intelligence.