Business Intelligence vs Business Analytics
BI is the ability to take information resources using analytics and reporting tools and convert them into knowledge that is helpful in determining trends in historical data and in decision making. Raw data is converted into useful information for business analysis. The usual method of doing this involves examining data from past, cataloging and using this as a way of identifying, developing and otherwise creating new strategic business opportunities.
Forrester defines the business intelligence (BI) market as a set of methodologies, processes, architectures, and technologies that leverage the output of information management processes for analysis, reporting, performance management, and information delivery. Research coverage includes executive dashboards as well as query and reporting tools.
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