While business intelligence (BI) involves taking a thorough look at past, present and historic operations and collecting data, business analysis (BA) is about using the data to identify the current challenges and predicting future hardships and gearing business towards better productivity and a more stable future.
With the emergence of Big Data and predictive analytics, both BI and BA have gone through some major changes which have made them incredibly crucial as data management tools. While BI’s main focus is monitoring of data to make way for more effective insights, BA depends upon the correct interpretation and implementation of acquired data, in order to make way for leaner and a more functional way of operations, which obviously makes BA more futuristic.
Major Differences Between Business Analysis and Business Intelligence
1. BA is a more expressive indicator than BI
Since business analysis relies on several aspects to illustrate data, to demonstrate