BI vs. Big Data vs. Data Analytics
Business Intelligence (BI) encompasses a variety of tools and methods that can help organizations make better decisions by analysing “their” data.
Predictive Analytic is what most people in the industry refer to as Data Analytic. It gives us the probability of different outcomes and it is future-oriented.The process of distilling intelligence is more complex and it requires techniques like Statistical Modelling.
Big Data technology solved the velocity-volume-variety problem. We now have computer systems that can handle “Big Data”. The Centre for Disease Control may receive the data from hospitals and doctor offices in real-time and Data Analytic Software that sits on the top of Big Data computer system could generate actionable items that can give the Government the agility it needs in times of crises.
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