Disadvantages of Business Intelligence (BI)
- Cost: Implementing and maintaining BI systems can be expensive, especially for small and medium-sized businesses.
- Complexity: BI systems can be complex to implement and require specialized skills for development, maintenance, and use.
- Data Security and Privacy: BI involves handling sensitive business data, so ensuring data security and compliance with privacy regulations is crucial.
- Integration Challenges: Integrating BI systems with existing systems and data sources can be challenging, leading to data silos and interoperability issues.
- Dependency on Technology: BI systems depend on technology infrastructure, so any disruptions or failures in technology can impact BI functionality and availability.
Difference between Data Visualization and Business Intelligence
Data visualization is one of the analytical tools used in data science and it simply refers to the process of representing data graphically to allow data communications and expression of patterns. The tool aims to make the charts, graphs, and maps simple to understand as well as to discover the facts that fill the blanks. Unlike business intelligence, though, the latter “extends to various processes, methodologies and technologies that get used in the course of data retrieval and interpretation with a view of returning more relevant decisions inside companies.