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One fundamental subset of business intelligence (BI) analysis is data mining.
What are the fundamental types of BI analysis in business intelligence?
There are three main types of BI analysis, each catering to a wide range of requirements and applications. Prescriptive analytics, descriptive analytics, and predictive analytics are the three types. For the purpose of planning, predictive analytics uses historical and current data to model future outcomes.
Is data mining a component of business intelligence?
While Data Mining looks for patterns in data, Business Intelligence is driven by data. While Business Intelligence aids in decision-making, Data Mining will address a specific problem and aid in decision-making. Business intelligence requires a lot of data, whereas data mining only requires a small amount.
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