Introduction to Business Intelligence Tools

Posted on

In this Topic, we will learn about Business Intelligence Tools, As going to the next level of growth is one of the primary goals of any company or organization. There are two fundamental reasons why this is one of their most important goals. Firstly, a company is never in a steady state; it is either moving in an upward or downward trajectory. If the company’s growth strategies are working, then they are headed towards the next level of success, while growth strategies that do not work may result in overall failure.

This means that focusing on growth will help a company align with its success goals effectively. The second benefits of growth are highly tangible, like making profits and generating investments to create better and bigger plans. That is why change is one of the essential ingredients that will decide the valuation of any organization.

How can business intelligence tools help companies achieve growth?

Data is one of the essential elements that can help a company maintain its growth trajectory effectively. Merely accumulating data cannot provide companies with any tactical or strategic benefits. However, brands can add value to their organization by converting this data into an asset.

This means that by using data techniques, brands will be able to analyze and discover hidden trends, facts, and observations, thereby creating campaigns that target their audience in a much-enhanced manner. This is where business intelligence can help brands to achieve that goal. Business intelligence provides companies with a business intelligence tool that can help them to convert massive amounts of data into intelligible information, which can be effectively used to create plans and campaigns.

Interactive dashboards that form an essential aspect of business intelligence help companies achieve this goal as dashboards allow data to be filtered, thereby bringing facts and figures hidden so far. These data findings then help companies launch new campaigns and programs, providing them with a direction to further their brand power.

This means that business intelligence can help companies to launch effective marketing programs, create targeted sales campaigns for a target audience, plan production with maximum efficiencies, and manage cash flow to reduce financing costs. Overall, business intelligence can help companies to make better and sound decisions in almost all aspects of business production.

12 Business Intelligence Tool

Here are some of the best and most productive business intelligence tools that can help your company effectively reach the next level of growth.

  1. Yellowfin B

The best business intelligence tool, yellowfin business intelligence, is straightforward, making it popular across numerous businesses and companies. This business intelligence tool is essential: dashboards, data discovery, mobile business intelligence, storyboards, mapping, and collaborative business intelligence. Yellowfin business intelligence allows brands to access, monitor, and understand all kinds of data a company possesses. The tool has a free trial with a full version starting at three thousand dollars for five users.

Some features of this tool include the following:

  •     The tool has interactive and intuitive filtering, which uses checkboxes, radio buttons, and sliders. These make it very easy to dial down data.
  •     The tool allows companies to access dashboards from any place, be it a web page, company intranet, wiki, or smartphone.
  •     The tool allows companies to share insights via simple scripts that be embedded, uploaded, or sent to collaborators.
  1. Clear Analytics

Brand managers familiar with Market Excel will find precise analytics simple and easy to use. An excel based business intelligence tool, accurate analytics serves up business intelligence and spreadsheet manageability. In addition, this tool also centralizes all the data as well. This business intelligence tool packs several features like reports scheduling, version control, administrative and sharing capabilities, suitability and governance by allowing companies to continue their business as usual as Excel reporting. It is a free personal edition tool.

Some features of the tool include the following:

  •     Precise analytics eliminates the need for a data warehouse to pre-aggregate data with the help of the Logical Data Warehouse (LDW) approach.
  •     Clear Analytics is a piece of cake and has minimum learning, especially for a person familiar with Market Excel.
  •     The tool makes it easy to trace and audit data, ensuring compliance at the whole company level.

Let’s move to the following business intelligence tool.

  1. SAP Business Intelligence

This business intelligence tool is apt for companies that require a complete and detailed picture of every process conducted within their walls. A full-function tool, SAP Business Intelligence has been designed to cater to diverse needs and functions. This tool has a robust infrastructure that replies to the demands of IT professionals, senior management, and end-users, thereby hosting a wide range of functionality in one integrated platform. It has a limited free trial.

Some features of this tool are as follows.

  •     A single integrated platform, SAP Business Intelligence, combines applications and reporting business intelligence tools to provide companies with a detailed snapshot of their organization process.
  •     Through the visualization process, SAP Business Intelligence makes it easier for companies to understand their data comprehensively and strategically.
  •     This tool helps companies to improve their collective IQ by giving collaborators deep insight into data and performance indicators, which can go a long way in helping create plans and goals for the company.
  1. Oracle Hyperion System

One of the most well-known names in the business, Oracle Hyperion System, is a highly agile business intelligence tool. By using mobile, desktop, and MS office interfaces, this tool supports and enables enterprise-wide planning, budgeting, and forecasting. These are highly critical aspects of the growth and development of any company as it helps them to create accurate financial forecasts and generate cost-effective solutions that go a long way in helping a business to succeed effectively.

Some features of this tool include the following:

  •     It is possible to deploy Oracle Hyperion System independently, either in the Cloud or on-site.
  •     This tool can be integrated with other Oracle tools, creating a robust and impressive business solution.
  •     Oracle Hyperion System effectively reduces the budgeting and planning needs by days, weeks, and even months, depending on the
  •     process.

Let’s move to the following business intelligence tool.

  1. Pentaho BI

A leader in open source business intelligence, this tool provides businesses with a means to make better, accurate, and faster decisions to enhance their profits fast. This tool integrates information from almost any source, creating comprehensive analytics that turns big data into insights that can be implemented into proper plans and campaigns. In addition, this business tool can also be used in the Cloud or on-site.

Some features of this tool include the following:

  •     Pentaho business intelligence can be embedded and integrated into the company’s application in a swift and fast manner.
  •     This tool has intuitive and interactive analytics that employs lasso filtering, zooming, attribute highlight, and drill-down features that can provide insights into the company’s working and functioning.
  •     It has rich navigation features that can improve data visualization using web-based dashboards.
  1. MicroStrategy

Another business intelligence tool, MicroStrategy, has a single primary goal: to leverage data so that companies can find timely and informed answers, thereby creating successful and effective campaigns. With powerful dashboards and data analytics, this tool can transform the face of any company by helping to improve productivity and cost-efficiency, optimize revenue, monitor trends, forecast new opportunities, and helping to strengthen client relationships. Through easy-to-understand reports, this tool is an effective and productive business intelligence tool that companies across all sectors can easily use. In addition, this tool has a thirty days free enterprise evaluation edition.

Some features of this tool include the following:

  •     MicroStrategy runs against data stored in ERP systems, warehouses, and operational databases.
  •     MicroStrategy can be used either through a mobile app or desktop.
  •     It is possible to save data on-site or in the Cloud via Amazon Web services.

Let’s move to the following business intelligence tool.

  1. Sisense

Billed as a business intelligence tool, Sisense does not require any IT help as it is straightforward to use. with an end-to-end data collection that is highly systematic and simplified, Sisense is the best business intelligence tool novice techies can handle. Drag and drop functionality allows companies to analyze and share essential insights through robust, visual dashboards.

Some features of the tool include the following:

  •     This tool offers business intelligence for non-techies, usually with no help from the IT team.
  •     It integrates current data from many sources with a hundred percent accuracy.
  •     It is entirely interactive with fully customized dashboards.
  1. Board All In One Business Intelligence

An impressive business intelligence tool, Board All in one Business Intelligence provides companies with the capabilities and functions they need to create a unique and customized solution to improve and enhance their performance across all platforms. This tool is straightforward to use, with no programming and extra skills. In addition, this tool’s powerful interface enables companies to understand and handle data in enormous amounts quickly.

Some features of this tool include:

  •     With functions like reporting, multi-dimensional analysis, ad hoc queuing, and dashboarding, this tool is highly comprehensive and all-encompassing.
  •     The corporate performance management aspect of this tool allows companies to perform various functions like financial forecasting, budgeting planning, profitability analysis, and financial consolidation.
  •     A single interface, BOARD, eliminates the usual complications that force multiple business intelligence tools to work together.
  1. Microsoft Business Intelligence tools

Another tool that requires minimum IT involvement, Microsoft Business tools, are similar in function to Microsoft Office o Microsoft SharePoint Server. A full-time service solution, this tool integrates data from various sources, making it a powerful tool that combines with the current enterprise data that is present either on Cloud or on-site. It has a free trial for a limited period.

Some features of this tool are as follows:

  •     Microsoft business intelligence tools allow companies to drill down, analyze, and visualize data through Excel.
  •     It enables report sharing and a host of collaborative features that make this tool easy to use.
  •     With self-service capabilities, this tool effectively reduces the burden of IT.
  1. Jaspersoft

One of the most used, Jaspersoft is a flexible and affordable business intelligence tool in the professional world; Jaspersoft empowers companies to make smarter and better business choices. A self-service product, it also requires minimum IT intervention. It can generate powerful insights that can guide a company to make better and informed choices across all sectors.

Some of the features of this product include the following:

  •     This business intelligence tool can be integrated into almost any mobile device or app.
  •     This means that the tool can be scaled, thereby becoming available to almost any person in the company Jaspersoft is available on Cloud or on-premise.
  •     This tool can be downloaded into any smartphone device or used as a scalable web platform embedded anywhere.
  1. QlikView

A user-friendly platform, QlikView is the bridge between tech-savvy business intelligence tools and traditional productivity apps. The primary goal of this tool is to help companies to leverage their data in such a way that they can discover new opportunities and solutions with a clean and straightforward interface.

Some unique features of this tool include the following:

  •     It is a self-service tool that allows companies to perform data analytics, gain insights, and manipulate data.
  •     It is a visually appealing dashboard that presents data simply and systematically.
  •     This tool provides customized solutions for various sectors like banking, consumer products, insurance, etc.
  1. SAS Business intelligence

The SAS business intelligence tool is simple and effective across all sectors by getting the correct information to the concerned personnel. By providing real-time analytics, this tool allows decision-makers and collaborators to analyze metrics necessary to help them make effective and informed choices about the campaigns and goals of the companies.

Some of the features of this tool are as follows:

  •     Centralized metadata, governance, and scalability are some of the significant features of this tool.
  •     Data visualization makes it extremely simple to understand big data and infer insights.
  •     Auto charting removes the need for coding and IT support.

All in all, business intelligence tools are an essential component in the growth story of any company, and investing in them is the best way to ensure that your brand can continue on the growth trajectory for a long and continuous period.

Leave a Reply

Your email address will not be published. Required fields are marked *