Introduction to Business Intelligence Tools
In this Topic, we are going to learn about Business Intelligence Tools, As going to the next level of growth is one of the major goals of any company or organization. There are two important reasons why this is one of the most important goals for them. Firstly, a company is never in a steady-state; it is either moving in an upward or downward trajectory. If the growth strategies of the company 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 remain aligned to its success goals in an effective manner. The second benefits of growth are extremely tangible, like making profits and generating investments to create better and bigger plans. That is why growth is one of the most important 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 to maintain its growth trajectory in an effective fashion. Merely accumulating data cannot provide companies with any tactical or strategic benefits. However, by converting this data into an asset, brands can add real value to their organization.
This means that by using data techniques, brands will be able to analyze and discover trends, facts as well as observations that were hidden, 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 important aspect of business intelligence help the companies achieve this goal as dashboards allow data to be filtered, thereby bringing to lights facts and figures which were hidden so far. These data findings then help companies to launch new campaigns and programs, thereby 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 good decisions in almost all aspects of business production.
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12 Business Intelligence Tool
Here are some of the best and most productive business intelligence tools that can help your company reach the next level of growth in an effective fashion.
1. Yellowfin B
The best business intelligence tool, yellowfin business intelligence, is really simple to use, making it really popular across numerous businesses and companies. Dashboards, data discovery, mobile business intelligence, storyboards, mapping, and collaborative business intelligence are some important parts of this business intelligence tool. Yellowfin business intelligence allows brands to access, monitor, and understand all kinds of data that 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.
2. Clear Analytics
Brand managers who are familiar with Market Excel will find it simple and easy to use clear analytics. An excel based business intelligence tool, clear analytics serves up business intelligence along with spreadsheet manageability. In addition, this tool also centralizes all the data as well. By allowing companies to continue with their business as usual as Excel reporting, this business intelligence tool packs in a number of features like reports scheduling, version control, administrative and sharing capabilities, suitability and governance. It is a free personal edition tool.
Some features of the tool include the following:
- Clear 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 who is familiar with Market Excel.
- The tool makes it easy to trace and audit data, thereby ensuring compliance on the entire company level.
Let’s move to the next business intelligence tool.
3. SAP Business Intelligence
This business intelligence tool is apt for companies that require a full and detailed picture of every process conducted within their walls. A full-function tool, SAP Business Intelligence has been designed to cater to a diverse set of needs and functions. By replying to the demands of IT professionals, senior management, and end-users, this tool has a robust infrastructure, 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, brings together applications and reporting business intelligence tools to provide companies with a detailed snapshot of their organization process.
- Through the process of visualization, SAP Business Intelligence makes it easier for companies to understand their data in a comprehensive and strategic manner.
- This tool helps companies to improve the collective IQ by giving collaborators deep insight into data and performance indicators, which can go a long way in helping create future plans and goals for the company.
4. Oracle Hyperion System
One of the most well-known names in the business, Oracle Hyperion System, is an extremely 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 extremely 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 in an effective manner.
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, thereby 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
- the process at hand.
Let’s move to the next business intelligence tool.
5. Pentaho BI
A leader in open source business intelligence, this tool provides businesses with a means to make better, accurate, and faster decisions so that they can enhance their profits in a fast fashion. This tool integrates information from almost any kind of source, thereby 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 embed and integrated into the application of the company 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 working and functioning.
- It has rich navigation features that can improve data visualization by the use of web-based dashboards.
6. MicroStrategy
Another business intelligence tool, MicroStrategy, has a single primary goal, namely to leverage data so that companies so that they can find timely and informed answers, thereby creating successful and effective campaigns. With the use of powerful dashboards and data analytics, this tool can transform the face of any company by helping to improve productivity and cost-efficiency, optimizing revenue, monitoring trends, forecasting new opportunities, and helping to strengthen client relationships. Through easy to understand reports, this tool is an effective and productive business intelligence tool that can be easily used by companies across all sectors. 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, data warehouses, and operational databases.
- MicroStrategy can be used either through a mobile app or desktop.
- It is possible to save data either through on-site or in the cloud via Amazon Web services.
Let’s move to the next business intelligence tool.
7. Sisense
Billed as a business intelligence tool, Sisense does not require any IT help as it is extremely easy and simple to use. with an end to end data collection that is extremely systematic and simplified, Sisense is the best business intelligence tool that even novice techies can handle. With drag and drop functionality, it allows companies to analyze and share important insights through robust and visual dashboards.
Some features of the tool include the following:
- This tool offers business intelligence for non-techies, usually with no help required from the IT team.
- It integrates current data from many sources with a hundred percent accuracy.
- It is completely interactive with fully customized dashboards.
8. Board All In One Business Intelligence
An impressive business intelligence tool, Board All in one Business Intelligence provides companies with the capabilities and functions that they need so as to create a unique and customized solution to improve and enhance their performance across all platforms. With no programming and extra skills required, this tool is extremely easy to use. In addition, the powerful interface of this tool enables companies to easily understand and handle data in large amounts.
Some features of this tool include:
- With functions like reporting, multi-dimensional analysis, ad hoc queuing, and dashboarding, this tool is extremely comprehensive and all-encompassing.
- The corporate performance management aspect of this tool allows companies to perform a range of 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.
9. 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 of time.
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 along with a host of collaborative features that make this tool easy to use.
- With self-service capabilities, this tool effectively reduces the burden of IT.
10. 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 and is capable of generating 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 that the tool can be scaled, thereby becoming available to almost any person in the company Jaspersoft is available on cloud or on-premise as well.
- This tool can be downloaded into any smartphone device or used as a web scalable platform that can embed at any place.
11. 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 in a simple and systematic manner.
- This tool provides customized solutions for various sectors like banking, consumer products, and insurance, etc.
12. SAS Business intelligence
By getting the right information to the concerned personnel, the SAS business intelligence tool is simple and effective across all sectors. 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 major features of this tool.
- Data visualization makes it extremely simple to understand big data and infer their insights as well.
- Auto charting removes the need for coding and IT support.
All in all, business intelligence tools are an extremely important 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 of time.
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