What are Business Intelligence (BI) Tools?
Do you intend to use a business intelligence tool? You’ll be pleased to learn that there are several options available to you. In order to assist you to analyse trends and get insights from your data so that you may make tactical and strategic business decisions, business intelligence (BI) solutions are all about that. They also assist you in seeing trends in the masses of data that your company accumulates. How can you choose which business intelligence tool is ideal for your company, though? And which resources can aid you in achieving your online objectives?
Business intelligence tools (BI tools) are software programs that are used to gather, arrange, visualize, and analyze data gathered from business operations in order to identify trends and patterns and support decision-making based on actionable facts.
We’ll also go over some of its benefits and drawbacks so you can decide which one will work best for your company’s requirements.
After installation, business intelligence (BI) software is intended to help firms manage their data analysis procedures with the least amount of human involvement.
Employees can readily obtain the data they need to make critical business choices by using a solid BI platform that makes reports and data tables accessible.
Why is business intelligence important?
BI is crucial because it provides businesses with a comprehensive view of all of their crucial data in one location. Data analysis and visualization capabilities are also provided by BI. Implementing BI may assist businesses in a number of ways, including helping them track their performance, streamline their operations, compare data with rivals, and more.
Features of business intelligence:
- It should have an intuitive interface that enables users to do analytical operations without the need for coding or programming.
- Capabilities for Data Blending
- Prepared for Consumption Insights
- Simple to Share
- Analytical Scalability
- Integration Assistance
List of 10 Best Business Intelligence (BI) Tools:
The top 10 business intelligence tools for 2021 will be discussed in this post, which should help you choose one that is appropriate for your company. Remember that these BI solutions differ in terms of their robustness, integration potential, technical usability, and, of course, price.
You can use analytics while you’re on the go by downloading a sample app like MicroStrategy Mobile or the Library app. This product received 4.2 stars from both Capterra and G2Crowd reviewers, making it one of our examples of a business analytics solution with a solid reputation in the BI market.
Powerful project management tool ClickUp can extract a tonne of data from the program and display it in the stunning graphs you can see in the screenshot above. Although not by definition a BI tool, it can undoubtedly help you make better decisions.
I must admit, though, that ClickUp has acknowledged that its current solution cannot compete with BI tools. They have a Tableau integration because of this. Through this integration, Tableau will be able to take a screenshot of one of your ClickUp spaces and combine it with the rest of your company’s data on their end.
Along with more than 1,000 Zapier integrations, ClickUp offers native integrations with a number of other platforms, like Tableau, Slack, Google Suite, Dropbox, and many others.
3. SAP Business Objects:
A business intelligence tool called SAP Business Objects provides in-depth reporting, analysis, and interactive data visualization. The platform places a lot of emphasis on areas like digital supply chain, ERP, customer experience (CX), and CRM.
The self-service, role-based dashboards that this platform offers are particularly nice because they let users create their own dashboards and applications. SAP is a powerful program with a wealth of features that are designed for all jobs (IT, end users, and management). However, the product’s complexity does increase the price, so be ready for that.
A software business called Tableau creates tools for interactive data analysis and visualization. Tableau Desktop, the company’s flagship product, enables users to create and share data visualizations that can be seen on desktop computers as well as mobile gadgets like the iPad.
Christian Chabot and Pat Hanrahan founded Tableau in 2003. DataRobot, a Pittsburgh-based business that creates machine learning algorithms for predictive analytics, was bought by Tableau in January 2014.
Tableau Software was recognized in 2011 as one of Fast Company’s “The World’s 50 Most Innovative Firms and one of Deloitte’s “Fast 500” North American technology, media, telecommunications, and life sciences companies with the quickest rate of growth. Tableau was named the most admired software firm in the world by Forbes in 2016.
With offices in Seattle, New York City, London, Paris, Sydney, Munich, Tokyo, Bangalore, the San Francisco Bay Area, Portland, Los Angeles, Toronto, Amsterdam, Dublin, and Stockholm, Tableau employs more than 4,000 people worldwide. Tableau Public, currently known as #GetDataDone, was introduced by Tableau Software in 2010 to encourage users to explore their own data through visualizations.
Looker is a platform for data analytics that offers businesses business insight and data visualization. Ed Leake, Lloyd Tabb, and Frank Bien established Looker in 2012. The business got seed funding from Google Ventures, True Ventures, and First Round Capital in 2013 totaling $1.5 million. Looker received $10 million in Series A fundraising in 2014 from Kleiner Perkins Caufield & Byers as the lead investor (KPCB).
In a Series B investment round for Looker in 2015, led by Greylock Partners and KPCB with participation from previous backers Google Ventures and First Round Capital, Looker raised an additional $30 million. Looker secured $67 million in Series C fundraising in 2017, which was sponsored by CapitalG (Google’s growth fund) and included all past investors. The business has locations in Boulder, Colorado, New York City, and San Francisco.
Allstate Insurance Company, American Express, Cisco Systems, Comcast Corporation, eBay Inc., General Electric Company, and Intuit Inc. are a few of Looker’s clients.
Sisense is a different product that has a sizable following and a number of larger organizations. Sisense is a great option if you’re looking to integrate with other solutions and tie together various data sources across various platforms because it has a good solid architectural style and can be highly customized to fit the needs of business requirements. It is also a truly innovative product in the BI space.
There are a few drawbacks as well. The first is that there is a steep learning curve, which is typical with more reliable and complex tools, but you have to pay a price for having such qualities. Additionally, the product needs to be supported on a Windows server in order to execute. So, this might or might not be a problem, depending on the status of your company or the design of your back office.
7. Tibco Software:
Although you may not be familiar with it, Tibco is a popular networking tool. The product has several features, some of which are that it is very adaptable, simple to use, and offers a wide range of possibilities. Data mapping is also a breeze. Tibco is excellent at connecting data from various sources and has a strong track record in this field. The Tibco vendor additionally offers excellent customer service in contrast to other services and products.
There are certain negative dangers to think about. First, it’s important to keep in mind that the cloud offering is still in its infancy, especially in comparison to other on-premise and more advanced types of systems currently available in the commercial world. If you believe that real-time connectivity from various data sources is essential to your business, you should take this into consideration. There is also a problem with syncing and somewhat slow connectivity from multiple data sources.
With the help of powerful capabilities, you may integrate your data from several sources with Datapine’s BI software (including predictive analytics and artificial intelligence). With all of your data available, you may build an effective business dashboard (or several), produce pre-made or bespoke reports, or include smart alerts to be warned of objectives and anomalies. The fact that datapine can be used for a variety of industries, purposes, and platforms, regardless of size, makes this tool, which has received exceptional ratings of 4.8 stars on Capterra and 4.6 stars on G2Crowd, a strong option for enterprises of all sizes.
Both advanced users, such as data analysts, and regular business users can benefit from the software’s functionality. However, the easy drag-and-drop interface offers a visually intuitive manner of entering your information and building potent charts and dashboards, just by applying effective visual analytics. The SQL mode allows analysts to create their own queries.
9. Yellowfin BI:
Yellowfin BI is an analytics platform and business intelligence solution that integrates collaboration, machine learning, and visualization. Additionally, you can quickly sort through a large amount of data using simple filtering (such as checkboxes and radio buttons) and browse dashboards virtually anywhere thanks to the tool’s adaptability in accessibility (mobile, webpage, etc.). The wonderful thing about this BI solution is that you can easily use a no code/low code development environment to upgrade dashboards and visualizations.
10. Zoho Analytics:
A superb business intelligence (BI) solution for thorough reports and data analysis is Zoho Analytics. This BI application may be programmed to run at specific times and syncs data automatically. The integration APIs make creating connectors simple. Combine information from several sources to produce reports that make sense. You can create personalized dashboards and reports using an intuitive editor, which will enable you to concentrate on the crucial details. In the sharing choices, it also features a special place for comments, which is excellent for collaboration.
Visit for free access to other data visualization tools. Many resources are available to inform and empower clients about business intelligence. BI tools come in a wide variety that can be explored and experimented with. As the user base becomes more knowledgeable, the alternatives will expand and become more potent. BI is a versatile and powerful technology that can be used in almost any sector.
As businesses attempt to become more data-driven, they will increase their efforts to share data and work together. The importance of data visualization will increase as teams and departments work together. Simply a primer on selecting the best business analytics software and tools, this article.
Leave a Reply