Have you ever noticed that organizations are increasingly using the terms “Big Data,” “analytics” and (to a somewhat lesser but still notable degree) “business intelligence” (BI) interchangeably?
But they aren’t quite the same thing. Here’s how respected, authoritative sources define the three:
Big Data is a…
“high-volume, high-velocity and/or high-variety information (asset) that (demands) cost-effective, innovative forms of information processing that enable enhanced insight, decision making and process automation,” according to Gartner.