Relationship between big data and business intelligence
You might have some basic understanding of this topic. Maybe you're not sure how these
two keywords are related. Let me clear this up for you. The term big data is all the raw
information derived from different sources such as social media, financial transactions,
customer interaction, and many more. These are the few sources through which businesses
and enterprises collect different sorts of data, which provides a brief idea about the trends
and insightful information of the business. This helpful information then helps make better
decisions for establishing a profitable business, which can be termed “Business Intelligence”.
You might have felt confused about the things I just explained. Let me give you a very simple
example that can clear this up. For example, you have a treasure chest filled with candies
and chocolates. You may be feeling unsure about which candies and chocolates are worth
trying and which ones you might enjoy the most. So, big data is like having a treasure chest
full of candies and chocolates for businesses. It’s a huge collection of information derived
from different sources such as social media, customer interaction, financial transactions, etc.
Now, Think of business intelligence as a tool that helps you effectively manage your
resources, almost like a superpower for candies management. Imagine having a candymanaging machine. This machine sorts out different candies and chocolate according to
different flavours, which are the most tasty, the bad ones and the most popular ones among
the kids. It helps you have a brief idea about the different candies. Similarly, Business
Intelligence(candy-managing machine) helps businesses and enterprises manage big data
(candies and chocolates) into different categories of helpful information and insightful trends,
allowing businesses to make better and more intelligent decisions for the future. For
example, it helps to know the likes and dislikes of the customers and popular products
among the customers. Hence, boosts the profitability of the business.
I hope you got a good idea about the relationship between big data and business
intelligence.
You might have some basic understanding of this topic. Maybe you're not sure how these
two keywords are related. Let me clear this up for you. Big data is raw information gathered
from various sources, including social media, financial transactions, and customer
interactions. Now all the raw data is converted into a meaningful set of information
Businesses use this information to gain insight and make informed decisions, which is
commonly referred to as "business intelligence." Let me give you a simple example guys,
you have a treasure chest filled with candies which can be termed as big data. You m
. Similarly, Business Intelligence(candy-managing machine) helps businesses and
enterprises manage big data (candies and chocolates) into different categories of helpful
information and insightful trends, allowing businesses to make better and more intelligent
decisions for the future. Hence, it helps for better productivity of the business.