BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
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Detailed explanation-1: -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.
Detailed explanation-2: -Business analytics and business analysis are often considered interchangeable terms, but they hold slightly diverse meanings. The aim of business analytics is data and reporting-examining past business performance and forecasting future business performance.
Detailed explanation-3: -The primary distinction between business intelligence and business analytics is the focus on when events occur. Business intelligence is focused on current and past events that are captured in the data. Business analytics is focused on what’s most likely to happen in the future.
Detailed explanation-4: -Analytics and business intelligence (ABI) is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance.