Finest Business Intelligence Software Business – Buyer’s Guide ’10’ Top 10 Business Intelligence (BI) Tools Summary of the best business intelligence and analytics solutions on the market.
Business intelligence (BI) solutions are software tools that unify data and provide actionable information about a specific company or department. Business intelligence tools are important because they help companies create a targeted and informed business plan that can help drive change, enter new markets, improve user experiences, and increase sales.
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Business intelligence software should include data analysis, data mining, tools, infrastructure, data visualization and other features to achieve this goal. The more data a BI tool can absorb, the more accurate any insights and information gained will be. This ensures that it can be used to make a compelling case with C-level executives and is seen as credible.
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Many companies can benefit from implementing a BI solution. As data is collected from internal and external sources, analytics can help show where the organization stands in relation to competitors. This data can be visualized in reports that can be shared with relevant team members to help them plan and take strategic action. Business intelligence can also be used to reduce workload and optimize processes.
In this article, we review some of the top ten business intelligence tools on the market, in each case, analyzing the specific features of the solution so that your organization can find the solution that is right for you. We will also make a suggestion as to which solution is suitable for a specific case.
Board Domo Data Experience IBM Cognos Analytics Microsoft Power BI Qlik Sense SAP Business Objects BI Suite Sisense Tableau Desktop TIBCO Spotfire Zoho Analytics
Smart Board Planning Platform is a business intelligence and planning platform that provides powerful analytics, comprehensive dashboards, scorecarding and reporting capabilities. It can cross-reference data from relevant datasets, generate KPIs and share reports with relevant users, both inside and outside your network. The platform can collect data from a wide variety of sources, including databases, data warehouses, OLAP cubes, flat files, cloud data, CPM, ERP and IoT devices. Data can be easily manipulated for custom reports. The solution also offers benchmarking, profitability analysis and trend indicator capabilities.
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One of the remarkable features of this platform is its predictive analysis capabilities. This means that companies can make targeted decisions based on potential trends and forecasts. The platform offers machine learning prediction, simulation, clustering and statistical functions. The solution has a clean, interactive and intuitive interface and provides a good level of assistance with onboarding issues. Designed with the company in mind, the board has been developed to be strong, powerful, and technically advanced.
Domo is a software company focused on data and analytics. The Domo Data Experience platform is a fully-stacked, cloud-based intelligence and security solution that delivers powerful business intelligence. Other features of this solution include data integration, governance and security. The BI side provides an effective reporting platform through simple dashboards. It can combine and correlate data from any source in one place. This solution helps businesses with real-time data for actionable and insightful reporting.
The solution dashboard is particularly feature rich. Managers can customize dashboards to ensure they are clear and intuitive, as well as enable data storytelling and collaboration. The platform’s ability to collect data from a wide variety of sources is further supported by machine learning, augmented analytics and artificial intelligence. Embedded analytics enable sharing of data and insights outside of your organization. To make management easier, Domo has developed a mobile app that allows admins to monitor and implement changes on the go. Due to its power, accessibility and focus on collaboration, we recommend Domo for medium and large companies.
The IBM Cognos Analytics platform is an intelligent and adaptive business intelligence tool that can collect and improve data while producing clearer data visualizations and advanced predictions. The platform uses artificial intelligence to understand your business relative to its peers, as well as predict future trends and opportunities. Each of these insights is backed up with evidence to ensure you have all the facts. The platform uses a single open API that enables full access to functionality and the ability to embed business intelligence into other applications.
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Despite the solution’s impressive feature set, ease-of-use and functional reporting are simplified, enabling effective data sharing. A mobile app is available so users can receive alerts and access data on the go. This platform is easy to use and supports IBM. We recommend this solution for medium to large organizations that are already integrated with the IBM ecosystem.
From industry giant Microsoft is Microsoft Power BI – a highly customizable and intuitive data visualization and business intelligence solution. The platform can access data from hundreds of on-premise and cloud-based sources, including Salesforce, Azure, Excel and SharePoint. The platform performs automatic and incremental updates to ensure work and data stay up-to-date and data is not lost. The visual data display is also versatile, allowing you to gain different perspectives on your data. The tool’s AI capabilities require no code, meaning users of all experiences can access the insights for themselves.
Notable features of this solution include a Power Query for data modeling and DAX formula language. Users can use features such as quick measurement, grouping, prediction and clustering for their data. Reports can be generated quickly (in mobile-friendly formats) for users on the go. The platform has a clean and intuitive user interface with accurate and compelling data visualization tools. The solution is very accessible, powerful and intuitive. Therefore, we recommend Microsoft Power BI for medium and large companies.
Qlik Sense offers two products that can provide a powerful and integrated business intelligence solution: Qlik Data Integration and Qlik Analytics. Qlik data integration can reliably receive and manage large amounts of data from hundreds of sources. The platform then provides actionable information to a separate analytics solution. It provides data warehouse automation as well as automated ingestion and transformation processes to continuously update and feed data lakes. While Qlik data integration can work with any analytics tool, it’s best to work with Qlik Analytics.
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Qlik Analytics offers powerful artificial intelligence, integrated dashboards and proactive analytics capabilities through its hybrid cloud platform. The solution creates a variety of insightful visualizations that allow users to understand the data. The platform itself has a large number of integrations through open APIs. It can also provide interactive offline analytics and alerts with push notifications. The solution is powerful and comprehensive. We recommend Qlik Sense and Qlik Analytics data integration for mid- to large-sized organizations with the resources to install these solutions.
SAP Business Objects BI Suite is a business intelligence and analytics platform that provides intelligent insights and planning. The platform provides business intelligence and self-service access to data and analytics in real time. From here, users can create their own reports. The platform uses ML and AI, data modeling, dashboards, data visualization, intelligent data discovery. Other features include predictive analytics and simulation analytics to help users gain an understanding of potential future trends. Organizations can also assess the impact that a change in strategy may have on the company. Geographic mapping and location analysis allow users to analyze data by region and location trends.
Designed to be as user-friendly as possible, users can create personalized reports and custom analysis. The platform supports offline and mobile capabilities, ensuring that users can access information regardless of their immediate location. The platform itself is streamlined, with one launch page for all reports, notifications, apps, and tools. We recommend this solution for enterprises because of its scalability, power and advanced functionality.
Sisense is a leading cloud business intelligence and data analytics vendor. Their Fusion Analytics solution provides analytics, rich data models, and granular policies that can be branded to match your organization. The solution works in both cloud and on-premise environments and can be used with single-tenant or multi-tenant architectures. While customization is an option, the platform also offers a range of “out of the box” BI dashboards. It integrates well with your existing environment and quickly connects to all data – external and internal – for fast analysis.
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The user dashboard is clean, intuitive and visually appealing. This solution uses databases and lakes to create AI-driven data models with granular details. These findings are then fed into effective and actionable dashboards. This solution can provide valuable business insights on a wide range of topics including customer segmentation, forecasting and regression. Users can use statistical and predictive analysis libraries as well as ML to identify new opportunities for growth and development. The platform is robust, while maintaining an engaging and interactive user interface. We recommend Sisense Fusion Analytics for large organizations and MSP customers for its powerful capabilities, in addition to branding functionality.
Tableau Desktop is a data visualization software solution that can collect data from your environment to create powerful visualizations and provide real-time data exploration. The solution integrates well with and connects to your existing environment
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