Love Your Data
Love Your Data……
Breathe it, Dream of it, think of it as you would think of that
special someone.
Hi, I am Nilhan. A Student, a Foodie and now a major
enthusiast in the field of Business Intelligence. I am currently a Software
Engineering Student and an Intern at One of Sri Lanka’s Premium Technology
Solutions partner’s that cater to Industry Leaders around the World.
The term Business Intelligence was first introduced to me by
Google :p. I was doing some research one
afternoon about Big Data and the role of a Data Scientist and this term
Business Intelligence was quite frequently mentioned in most of the articles I
read, so out of curiosity, I looked it up and well there was quite a lot on it,
but I could not clearly understand what it was at that time.
Fast Forward One year and I am attending a training program
conducted by this cool person who also happens to be one of the very few people
here in Sri Lanka to hold a Microsoft MVP status in the SQL and Data Platforms.
So on the first day of training the very first thing he had to say was to be
passionate and love your data. Which I truly agree on as well, because if you
do not love what you do, then you are most likely going to end up doing
something quite shabby.
A few minutes into it I came across two sets of words, one
very familiar and the other not so. They happen to be “Business Intelligence”
and “Data Analytics” and Finally I learnt what the two of them mean and their
differences.
Business
Intelligence
“Providing the right information
to the right person at the right time, to make effective business decisions”
Data
Analytics
“Inspecting, cleaning, transforming, and modeling data with the goal of
discovering useful information, suggesting conclusions, and supporting
decision-making” – Wikipedia
Business
Intelligence Vs. Data Analytics
Business Intelligence makes use of data analytics to provide
the right information (to the right people at the right time) and the rest is
still up for argument.
Also a few other interesting topics we touched on were
The types of Data Analytics
- · Descriptive – Shows What Happened
- · Diagnostic – Shows Why It Happened
- · Predictive – Shows What Will Happen
- · Prescriptive – Shows How to make it happen
My thoughts on this suggests that we are currently in a state
of transition between Predictive Data Analytics and Prescriptive Data
Analytics, and even though Descriptive and Diagnostic Data Analytics are still
in wide use, the future lays in Prescriptive Data Analytics, which gives an
organization the ability to process their data into essential information
needed to run the organization and also to use it as a tool to make crucial
business decisions.
In Conclusion, Business Intelligence and Data Analytics has
and will play a major role in day to day decision making when it comes to an
Organization and as far as our personal lives are concerned, it could actually
help us make better and informative decisions in making the right Choice.
That’s all for now folks, and don’t for get to Keep It Real
until next time!
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