Big Data vs Business Intelligence: Which One Best suited?
When you want to find out the differences between big data and business intelligence, you need to know the basics of business implementations. In simple words, business intelligence addresses the entire system that includes software, information, reports, applications, and more. At the same time, big data is somewhat different. Most people misinterpret big data as a massive amount of databases used in the business. But it includes the structure and processing of the data that add value to your business.
Noteworthy Differences Between Big Data And Business Intelligence
1. Purpose
Big data collects, operates, and analyzes both structured and unstructured data to enhance company outcomes and used as Data analytics. At the same time, the purpose of business intelligence’s is comparatively different. Trade intelligence helps your business to make better decisions, extract useful information and deliver accurate reports. Business intelligence’s plays an essential part in developing business strategies to promote a successful outcome. In other words, data analysis is another term for “Business Intelligence’s.” But Big Data is not familiar with economic intelligence.
2. Tools
Business intelligence’s uses several tools to implement, process, and analyze data for a better decision. Check out the list of devices,
1. Qlik Sense
2. Digital Dashboard and Data Mining
3. Microsoft Power BI
4. Online analytical processing
5. Tableau
6. Data warehousing
7. Google analytics
Unlike business intelligence, big data uses different frameworks to extract insights for making valuable decisions. The tools are,
1. Hive
2. Cassandra
3. Spark
4. Cloudera
5. Polybase
6. Hadoop
7. Storm
8. Presto
9. Plotly
It is to mention that Business Intelligence finds out answers to general business questions. In contrast, big data finds answers to unknown questions.
3. Benefits
Business intelligence comes with several business benefits to fetch success to your company. With trade intelligence, you can make better economic decisions swiftly. You get accurate reports with analyzed outcomes using business intelligence. The system enhances data quality while reducing the cost. All in all, you get to experience excellent operational efficiency and increased revenues.
Now when you get to discuss significant data benefits, you learn more practical aspects like fraud detection. Big data takes initiatives for data storing, mining, and analysis. The business officials can predict the future and implement new strategies based on customer trends. Furthermore, big data brings in better sales insights for increasing revenues.
4. The Mode
The principal of business intelligence combines all the databases into a central server. The system saves a massive amount of data in a platform named data Warehouse and then analyses this information offline. The system forms the data sets with different indexes in a relational database.
But in a big data environment database, a distributed file system stores the data, unlike in a central server. Then the system distributes data across the nodes for quick analysis. It is to mention that distributed file systems are flexible and safe.
5. The Concept And Sources
Business intelligence processes only historical data and depends more on structured data. In comparison, Big data technology processes both real-time and historical data and implements parallel processing concepts. Furthermore, big data can process both structured and unstructured data seamlessly. This procedure makes it easier for programmers to analyze a massive amount of data quickly.
In the end, when you plan to implement your business developing ideas, make sure you know the core of the concepts. In-depth economic intelligence insights help your business grow smoother and faster.