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Big data is high-volume, high-velocity and high-variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making.
Key Challenges in Big Data
1. Information Strategy2. Data Analytics3. Enterprise Information Management
Source: Gartner
Business Intelligence (BI) market as a set of methodologies, processes, architectures, and technologies that leverage the output of information management processes for analysis, reporting, performance management, and information delivery. Research coverage includes executive dashboards as well as query and reporting tools.
Source: Foresster
“Business Intelligence helps find answers to questions you know. Big Data helps you find the questions you don’t know you want to ask.” - Ericbrown
What is the difference between Business Intelligence and Big Data?
Big data is high-volume, high-velocity and high-variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making.
What is the difference between Business Intelligence and Big Data?
3
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Enhanced insight and decision making = Analytics
Analytics1.Descriptive Analytics2.Diagnostic Analytics3.Predictive Analytics4.Prescriptive Analytics
