Advanced Analytics is defined as:
The analysis of all kinds of data using sophisticated quantitative methods (for example, statistics, descriptive and predictive data mining, simulation and optimization) to produce insights that traditional approaches to business intelligence (BI) — such as query and reporting — are unlikely to discover.
This only begins to scratch the surface of the field. Analytics is an immense field with many subfields, so it can be difficult to sort out all the buzzwords around it. This whitepaper outlines the differences between Advanced Analytics, Business Intelligence, and their subfields to provide you with an understanding of how they fit into the overall category of Analytics.
Read this white paper to learn more about the differences between advanced analytics and business intelligence.