Demonstrate a thorough understanding of the concepts, scope, and importance of Business Intelligence (BI) and predictive analytics. ; Acquire skills to identify, collect, clean, transform, and integrate data from various sources for BI and predictive analytics projects. ; Utilize statistical methods and data visualization techniques to summarize and interpret data.
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1. Business Intelligence : ; BI provides a comprehensive view of the organization’s operations, allowing managers to understand performance across multiple departments and functions. ; BI can be resource-intensive, requiring significant investment in data collection and processing, as well as specialized software and hardware. ; BA is focused on predicting future outcomes based on historical data, allowing managers to make more accurate forecasts and decisions.
Business Intelligence: ; BI provides a comprehensive view of the organization’s operations, allowing managers to understand performance across multiple departments and functions. ; BI can be resource-intensive, requiring significant investment in data collection and processing, as well as specialized software and hardware. ; DA provides a more granular view of the organization’s operations, allowing managers to identify trends and insights that may not be visible with traditional BI methods.
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 impro...