Risk Mitigation and Compliance: The Role of Business Intelligence
These software solutions give businesses the freedom to collect and process huge amounts of unstructured raw data from their internal and external systems. As mentioned above, data analytics is a common component of many business intelligence systems. However, business intelligence and business analytics aren’t necessarily the same thing. Prediction allows companies to use the trends and information gathered from business intelligence and analytics to predict what might happen in the months or years to come. However, for this component of the BI landscape to be successful, companies must be proficient in data mining and predictive modelling.
It comes with pre-configured…Continue Reading