Many people face difficulty distinguishing between big data and business intelligence. Well, we will help you understand big data and business intelligence and how both are interrelated. Big data is typically a large set of data that combines structured, semi-structured, and unstructured data. Big data’s primary emanation source involves social, machine, and transactional data. At the same time, business intelligence is the process of using big data for analytical purposes to improve an organization’s business operations.
Now that you have a shallow understanding of the correlation between big data and business intelligence, we will talk about both in detail and how pursuing a course in business intelligence in Montreal, Canada, can open doors to broad career prospects in this opportunity-filled industry.
Big data is a broader term in the data industry. It blends large, hard-to-manage volumes of structured, semi-structured, and unstructured data. These large and complex big data volumes are usually generated from social media platforms (status updates, tweets and retweets, photographs, videos, news, and information), industrial equipment (medical devices, smart meters, satellites, CCTV footage, and games), and daily transactions (invoices, storage records, and delivery receipts). Processing big data with the help of conventional data storing tools is near impossible. Big data requires high-performance processing to mine the desired results.
Big data is generally categorized into the five V’s- Volume, Velocity, Variety, Veracity, and Value. The idea behind segmenting big data is to identify opportunities and organize understanding. Big data plays various roles in this dynamic and highly competitive business landscape. Read on to understand why big data is vital to businesses worldwide.
Business intelligence (BI) is a digital tool that analyzes and evaluates large, hard-to-manage volumes of structured, semi-structured, and unstructured data. Business intelligence is used to make informed decisions, understand customer patterns, determine root causes for business failure, and optimize business processes. Simply put, business intelligence is the process of analyzing big data to turn it into actionable insights for various business requirements.
That’s not all. Business intelligence helps organizations analyze data and deliver actionable insights for informed decisions at meager costs. This technology-driven process amalgamates business analytics, data mining, visualization, tools, and infrastructure to help enterprises make data-driven decisions, understand customer patterns, drive performance, boost revenues, and improve operational efficiency.
A career in business intelligence is enticing and well-paying. Individuals with a professional degree in business intelligence can work as Business Intelligence Analysts, Business Intelligence Developers, Management Analysts, Operations Research Analysts, Business Intelligence Consultants, Business Intelligence Managers, Data Scientists, or Market Research Analysts.
How to make a career in business intelligence?
Prospective Business Intelligence Analysts can sign up for a course in Business Intelligence in Canada’s Montreal for better career opportunities. Why in Canada? Canada is a leading country in the tech field globally. Pursuing business intelligence in Canada prepares you for various industries via its tailor-made curriculum. So, explore top Canadian universities to make a well-informed decision for your career. Hurry up!