2. Business Intelligence (BI)
Querying, reporting, OLAPs, alerts
Can answer questions such as what
happened, how many, how often, where the
problem is, and what actions are needed
3. Business Analytics
Continuous iterative exploration of past business
performance to gain insight and drive business
planning
BI + additional level of functionality
(forecasting, regression, and modeling)
Can answer questions like why is this
happening, what if these trends continue, what will
happen next (predict), what is the best that can
happen (optimize)
4. Business Analysis
Set of tasks and techniques used to work as a
liaison among stakeholders in order to understand
the structure, policies, and operations of an
organization, and to recommend solutions that
enable the organization to achieve its goals