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Is business intelligence the same as data science?

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Business intelligence(BI) and data science are two fields within data analytics. Both the terms are data-focused processes but with a multitude of differences. Business intelligence analyzes past events, while data science predicts future trends. In recent times, business intelligence and data science have become emerging sectors in the perspective of career and growth. The increasing application of BI and data science in business has led to the growing demand for skilled and qualified professionals. Thus, it is the best time to acquire the most in-demand qualification from a top-notch Canadian institution.

Canada is a leading study destination among students aspiring to earn the new-age qualification for a competitive job market. Business intelligence in Montreal, Canada, is one of the most sought-after academic courses that integrates analytics, Big Data, and Business Intelligence in one well-designed course. The graduates of this program become highly proficient professionals across many sectors. Though business intelligence and data science are not entirely the same, they are part of data analytics’s umbrella term. Let’s look at their independent definitions.

What is Business Intelligence?

Traditionally business intelligence is defined as data required to manage the day-to-day operational management within the business landscape. It is a tool that includes various software tools and other systems, including online analytical processing, spreadsheets, reporting software, and data mining software.

What is Data Science?

Data science is central to building, cleaning, and organizing datasets. It creates and leverage algorithms, statistical models, and analysis to collect and transform raw data into insightful information. (1)

Difference Between Business Intelligence and Data Science

Business intelligence and data science are associated with turning data into information that promotes better decision-making. But, business intelligence is not the same as data sciences. The differences between the two are based on these parameters.

  • Objectives

Business intelligence primarily focuses on pointing out historical trends. The information offered by business intelligence supports leaders navigate through organizational and industry-related challenges to ensure that the organization sticks to its primary motive.

In contrast to BI, data science extracts information from datasets to create a forecast that efficiently answers the questions backed with data.

  • Data Collection and Management

Business intelligence is designed to manage well-organized data that caters to enhanced decision-making. In comparison, data science is designed to handle large volumes of unstructured data and turn them into usable information.

  • Complexity

Business intelligence is practical in daily business management. It is cost-effective and requires fewer resources. At the same time, data science is more complex in terms of capacity for forecasting but possesses the ability to manage dynamic data and requires more advanced skills.

  • Skills Required

The skills required for business intelligence and data science vary. Business intelligence requires a basic understanding of statistics, business knowledge, and data transformation and visualization skills. However, the skills required for data science are more diverse. It requires a more technical skillset that includes data mining, coding, and knowledge of advanced statistics.

Despite the many differences, the end goal of business intelligence and data science is ultimately aligned. The domain focuses on examining any business’s past, present, and future trends through data remain vital to staying competitive and addressing the key business issues. Thus, learning the skills of successfully executing business intelligence can keep you ahead in the dynamic business landscape. Apply for the program now! (2)