Business Intelligence is not just a buzzword that will come and fade in a few months. Business Intelligence (BI) is a science that has the ability to transform your business.
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BI is well defined by those technologies and practices that companies use to gather, integrate, analyse, report and present various kinds of business data. Today, businesses have ample options to collect data from various sources. The data collected by enterprises, and moreover, multiple teams within larger companies is often raw data. This needs to be converted into meaningful sets of data that help you understand proper business patterns. BI tools are designed to serve this purpose. Innovative BI tools can read historical data and offer great insights for the future of your business. Hence BI tools can enhance the whole decision-making process.
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There are a number of tech giants who are working hard to create different business intelligence tools for businesses. Here, we will see list down some of the often-ranked and better known business intelligence tools:
With a user satisfaction of 96%, Exago is a fantastic BI solution appropriate for all small, medium and large enterprises. The best part about this tool is that it is easy to embed and offers immense amount of flexibility and scalability. The company does not require any additional downloads or plugins to use Exago as it is an open API. It brings complete control to your user.
SAS Business Intelligence is extensively used by data scientists, forecasting analysts, optimization modelers, econometricians along with many small, medium and large-scale companies. SAS is one of the oldest BI tools and it enjoys a robust reputation in the market today.
As the name indicates, IBM Cognos is a Microsoft initiative aimed to simplify human communication with the embedded technology. Essentially, IBM Cognos is a cloud-based BI software powered by AI to create dashboard reports, to give a better understanding of geospatial capabilities and to establish a connection between your data and the physical world.
Along with other actionable insights we expect from our set of BI tools, data visualization is equally important. This can be achieved with the help of Tableau. Without the need for coding, you can connect with various data sources. Data calculations, forecasts, visual storytelling, patterns and insights are too convenient to retrieve with the help of Tableau.
Why do we use BI tools? Because we want to understand available sets of data accurately. Datapine is one such BI tool aimed to connect the business with the right set of data and produce insights coupled with predictive analysis. The data analysis will further help you generate standard/customised reports and a powerful business dashboard packed with all intelligent alerts.
- Clear Analytics
One good reason for the popularity of Clear Analytics BI tools is its ability to integrate itself with MS-Excel. Clear Analytics allows businesses to pick up data from the cloud, accounting or any CRM software and drag them to excel for an easy presentation. It is one of the highest rated BI tools used today.
- SAP Business Objects
Comprehensive reporting, data visualization and analysis stay at the core of SAP Business Objects. The very BI tools facilitates a seamless integration with Ms-Excel and Ms-PowerPoint, which subsequently enables the users to create live presentations coupled with hybrid analytics to be connected to their on-premise cloud systems.
With a strengthened usability and robust popularity in the market. Micro Strategy is an enterprise analytics software. It is designed to empower enterprises with massive mobility that lets them work on hyper-intelligence, federated analytics, mobile deployment, cloud along with integration of voice technology.
Board is a business intelligence and CPM software. It is considered one of its kinds because of its ability to discover data as per the needs of the user. The BI tool also helps the enterprise in critical decision making where the users can exercise complete control on the business planning and performance. Business Intelligence, performance management and advanced analytics define Board’s capabilities.
The more accurate the data you can pick up from Big data, the better your business insights will turn out to be. ThoughtSpot lets you find the hidden data very well within a few seconds. ThoughtSpot is fast, smart and simple. Without the need of any special training, the enterprises can use the BI tool to generate actionable data whenever they need. ThoughtSpot acts as an Ad-Hoc BI platform for plenty of businesses these days.
Using Business Intelligence simply means adding more insights to your business, making it more smarter leveraging the benefits of innovative technologies. Business Intelligence tools helps you achieve objectives that are hard to achieve by way of manual processes.
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Which one would you choose now? Or which Business Intelligence tool do you already use?