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Predictive Analytics vs Business Intelligence (BI)

by Vanguard Software

http://bit.ly/292XuFj

Business Intelligence (BI) systems are often confused with Predictive (or Advanced) Analytics. While the two systems work best in conjunction, they are nevertheless quite different. BI systems apply statistical analyses to explain the present, often through KPI dashboards and other reporting mechanisms. Predictive Analytics systems apply advanced modeling and simulation techniques (often combining that with human insight) to forecast the future.

Vanguard Software Applications

Our collaborative, web-based forecasting applications unite roles, teams and departments in achieving the most accurate forecasts in the world – bar none.