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What Can Big Data Do for Business Intelligence?

Business Intelligence and Big Data are two batsmen on the same pitch — both playing to win for the team, but each keeping score on its own terms too.

OpenTeQ AdminUpdated: Sep 22, 2020 6 min read
🔒https://openteqgroup.com/blogs/what-can-big-data-do-business-intelligence
Big Data for Business Intelligence

We live in an era where business and IT interact effortlessly, thanks to advances in cloud technology and mobile applications. Growing alongside that shift are business intelligence and its close relatives — Big Data and data mining.

In simple terms, business intelligence is a composition of system software that produces meaningful, useful information — helping teams understand company trends, patterns, and performance. Big Data, meanwhile, is often assumed to mean simply "huge" data, but it's really about the composition of that data, how it's operated on, and the value engineered into it over time.

One thing most people recall about Big Data is its 3Vs — the trademark characteristic that makes real-time streaming possible. Business Intelligence, on the other hand, is remembered for its long-standing ability to report, analyze, strategize, and act on traditional structured data. The tools and methods behind both have evolved considerably, and today’s corporate world is proof of that progress.

BI & Big Data — Two Players, One Pitch

BUSINESSINTELLIGENCEReports · DashboardsERP · Data WarehousesBIG DATAHadoop · Spark · HiveHDFS · R ServersSHAREDGOALBetter businessdecisionsVETERAN METHODOLOGYMODERN VOLUME & VELOCITY

Two distinct disciplines converging on the same objective: smarter decisions

How They Work

Business Intelligence Services

BI refers to the traditional set of technology-driven tools built to deliver accurate reports and market insight to stakeholders. It's largely automated apart from routine maintenance — extracting mined data, slicing it to the analyst's preference, and presenting it as reports and graphs. Though it belongs to an older generation of tooling, it remains one of the most trusted methodologies businesses rely on today.

Big Data Services

One of Big Data’s biggest advantages is predictive analysis — Big Data Analytics tools help businesses make better decisions while optimizing efficiency and reducing risk. By analyzing social media activity, companies streamline digital marketing and uncover customer pain points that guide product improvements.

Beyond marketing, Big Data Analytics helps generate more sales leads, understand how products are performing in the market, and decide where to invest time and money. It also lets businesses stay ahead of competitors by monitoring rival promotions and understanding customer behavior well enough to deliver a genuinely personalized experience.

The Distinction Between BI and Big Data

DimensionBusiness IntelligenceBig Data
PurposeEnables effective decisions through accurate reporting from core data sources.Records, operates on, and analyzes structured and unstructured data to enhance outcomes.
EcosystemOperating systems, dashboards, ERP databases, and data warehouses.Hadoop, Spark, Hive, HDFS, and R servers.

Business Intelligence Benefits

Helps in making faster and better-informed decisions

Generates quick and accurate business reports

Delivers standardized and consistent output

Cost-efficient to operate and maintain

Improves business returns and overall workflow

Unlock Deeper Insights With Big Data.

Conclusion

Both technologies have their trade-offs, and each carries strengths the other can't fully replicate. Big Data brings fraud detection, storage mining, and sharper decision-making. Business Intelligence — the veteran of the two — brings sophisticated data quality, efficient reporting, and reduced costs through years of refinement.

In the end, the two aren't rivals so much as collaborators. Big Data owes much to the groundwork laid by BI, while BI offers newcomers a launching pad into the wider world of analytics. One may be newer and one more established, but together, they move the business forward hand in hand.

Strengthen Business Intelligence Through Big Data.

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