Business Intelligence (BI) vs. Data Science
- Business Intelligence (BI) basically analyzes the previous data to find hindsight and insight to describe business trends. Here BI enables you to take data from external and internal sources, prepare it, run queries on it and create dashboards to answer questions like quarterly revenue analysis or business problems. BI can evaluate the impact of certain events in the near future.
- Data Science is a more forward-looking approach, an exploratory way with the focus on analyzing the past or current data and predicting the future outcomes with the aim of making informed decisions. It answers the open-ended questions as to “what” and “how” events occur.