The amount of data generated and consumed by organizations is growing at an astounding rate
"The total volume of data and information worldwide has risen from approximately 2 zettabytes in 2010 to 74 in 2021, according to online data service Statistica. By 2024 the figure is expected to hit 149 zettabytes.
As organizations find themselves awash in data, there's a growing need to make it digestible, understandable and actionable. Data visualization software takes direct aim at the task by creating static or moving images that communicate concepts in a way that words and numbers alone cannot..."
BI and analytics are both umbrella terms referring to a type of data insight software
"Many providers use them interchangeably, but some use them in conjunction, claiming to offer both business intelligence and business analytics.
This of course makes us wonder: what's the difference?
The short answer is: it depends on who you ask. As Timo Elliot, Innovation Evangelist at SAP so eloquently put it, 'everybody has an opinion, but nobody knows, and you shouldn't care.'
Elliot got it mostly right. You should care about the terms used to describe the applications you're buying, particularly when it comes to embedded software destined to become part of your product..."