Business analytics focuses on using defined data sources to identify trends and optimize business performance and planning, while data analytics uses ad hoc data sources to make accurate predictions and discover new insights through recognizing patterns in datasets. Business analytics is more retroactive and descriptive, using predefined goals and requirements for programs and projects, while data analytics is more predictive and prescriptive in striving to answer specific questions and uncover competitive advantages.
Business analytics focuses on using defined data sources to identify trends and optimize business performance and planning, while data analytics uses ad hoc data sources to make accurate predictions and discover new insights through recognizing patterns in datasets. Business analytics is more retroactive and descriptive, using predefined goals and requirements for programs and projects, while data analytics is more predictive and prescriptive in striving to answer specific questions and uncover competitive advantages.
Business analytics focuses on using defined data sources to identify trends and optimize business performance and planning, while data analytics uses ad hoc data sources to make accurate predictions and discover new insights through recognizing patterns in datasets. Business analytics is more retroactive and descriptive, using predefined goals and requirements for programs and projects, while data analytics is more predictive and prescriptive in striving to answer specific questions and uncover competitive advantages.
1. Business analytics- focuses on identifying trends in the
organization that can be optimized to improve overall business planning and performance. Data analytics- benefits from recognizing patterns in a dataset and making accurate predictions based on events.
2. Business analytics- Data sources are defined in advance based
on project goals. Data analytics- Analysis is more ad hoc with data sources added on the fly as correlations are uncovered.
3. Business analytics- Involves defining the goals and requirements
for programs and projects. Data analytics- Strives to answer specific questions and discover new insights for competitive advantage.
4. Business analytics- More retro specific and descriptive.
Data analytics- More predictive and prescriptive.
5. Business analytics- Team members are CIO, CDO, analytics
manager, business analyst, data warehouse engineer. Data analytics- Team members are data analysts, line of business managers.