The advent of technology has surged all spheres of life and revolutionized the functioning and management processes of almost all sectors, from agriculture to e-commerce. Technological advancements in this information age have emerged as a holy grail of modern-day enterprise working by increasing efficiency and improving results with better financial planning.
Artificial Intelligence solutions and Business Intelligence solutions are two powerful solutions that are becoming extremely popular as they provide a functional platform with add-on features. Though both of them aid in improving the decision-making process of enterprises, they vary in various attributes and functions.
Some of the major differences between artificial intelligence (AI) and Business Intelligence (BI) include:
- Technical Terminologies
Artificial Intelligence is a technological revolution that makes computers and machinery self-sufficient with human-like intelligence for the completion of complex tasks like speech recognition, decision-making, visual perception, etc. The state-of-the-art technology has made its presence felt in various fields including computer science, biology, psychology, and other areas where algorithms follow the pattern of the human brain. Business intelligence is a set of best-in-class applications and strategies that analyze data to derive the most useful information to optimize decisions and performance.
- Philosophy and Goals
Artificial Intelligence was designed to develop machine intelligence similar to humans. It aims to create an expert system that implements human intelligence for the completion of various tasks. Whereas business intelligence consulting services can help in enterprise performance analysis via data-driven insights and evaluation of past data to predict potential future outcomes. It provides relevant information that can leverage efficient and effective decisions at all enterprise levels.
- Applications
Artificial intelligence is based on algorithms that mimic the human brain. It is widely used in various fields including gaming, natural language processing, vision systems, speech and handwriting recognition, expert systems, and robotics. On the other hand, business intelligence is mainly used for enterprise activity monitoring.
- Research Areas
Experts believe that both artificial intelligence and business Intelligence are used in research areas with varied working domains. AI is primarily used in artificial neural networks, fuzzy logic, natural language processing, and robotics, whereas BI is widely used for processes including data mining in social networks, data warehousing, process analytics, and online analytical processing (OLAP).
The combination of business intelligence and artificial intelligence with data science is considered to be a perfect match by both technical experts as well as the leading artificial intelligence service providers in India. While BI with data science aids in statistical analysis, AI works along with data science for supervised machine learning.
