5 Business Intelligence Tools Every Company Needs

Because more businesses have realized the benefits of data-driven decision-making, business intelligence (BI) solutions have grown in significance. In this post, we’ll examine the top 5 BI tools that every business should take into account for efficient data analytics and decision-making.

Overview

 

Sisense: 

Sisense is an intuitive BI solution that emphasizes simplifying and simplification. Data can be exported from sources like Google Analytics, Salesforce, and more with this application, and its in-chip technology allows for quicker data processing than with other solutions. Businesses of all sizes use Sisense due to its user-friendly interface and capacity for handling enormous volumes of data.

 

Grow.com:

Grow.com is a no-code business analytics tool with sophisticated aesthetics and robust features. The tool advertises itself as a significant player in the BI sector. Each successful campaign must have the capacity to collect detailed and comprehensive data, and Grow.com’s analytics package gives them the resources they need to achieve this efficiently.

 

Tableau:

Tableau is a platform for data visualization that enables users to build beautiful and interactive dashboards. Businesses can swiftly and effectively evaluate enormous volumes of data with its help, enabling better decision-making. Tableau is a flexible and adaptable BI solution since it allows users to connect to a range of data sources, including spreadsheets, databases, and cloud services.

 

Microsoft Power BI: 

A cloud-based business analytics solution, Microsoft Power BI gives companies access to interactive visualizations and business intelligence tools. The tool is popular among companies of all sizes since it is easy to use and provides a wide variety of customization choices. Businesses can connect to several data sources, analyze data, and instantly share insights with their team using Power BI.

 

QlikView:

QlikView is a business intelligence and data visualization solution that enables organizations to swiftly and simply examine significant volumes of data. Users of the tool may design bespoke dashboards and visualizations, which allow them to gather knowledge and make fact-based decisions. Businesses may connect to a range of data sources, including databases, spreadsheets, and cloud services, using QlikView, and obtain insights in real-time.

 

For every business that wishes to make data-driven choices, business intelligence tools are essential. Sisense, Grow.com, Tableau, Microsoft Power BI, and QlikView are just a few examples of the technologies that may help organizations make better decisions with their data, spur growth, and achieve success. Companies may make sure they are prepared to compete in today’s data-driven business environment by choosing the appropriate BI tool.

 

1. Tableau

An easy and interactive platform for data visualization and analysis, Tableau is a potent business intelligence tool. In this post, we’ll explore what makes Tableau a unique BI tool and how it can assist organizations in making data-driven decisions.

 

Tableau’s platform offers an easy and user-friendly interface for data visualization, necessitating little to no technical expertise on the part of users. The drag-and-drop functionality enables

users to build dynamic dashboards, infographics, and reports, as well as readily examine data. This makes it simple for firms to evaluate large data volumes and gain insightful information.

 

a)Limitless Data Exploration:

With built-in visual best practices, Tableau enables users to explore data without interrupting their flow of analysis.  It also allows for real-time data processing and collaboration among team members, making it a highly efficient and effective BI tool for businesses.

 

b)Data Accessibility:

Tableau’s easy-to-use interface allows users to connect to various data sources, including spreadsheets, databases, and cloud services. This enables businesses to consolidate and analyze data from multiple sources, providing a holistic view of their operations and helping them make informed decisions.

 

c)Legacy Giant Among BI Tools:

Tableau Desktop is the standalone data visualization tool from Tableau and is one of the legacy giants in the BI market.  It has been a game-changer in data visualization, making it more accessible to users of all backgrounds. Though it may have an older feature set that was designed for large, expert data teams, it is still a highly effective BI tool for businesses of all sizes.

 

Tableau is a leading BI tool that provides businesses with intuitive data visualization, limitless data exploration, and data accessibility. Its user-friendly interface and real-time data processing capabilities make it a highly efficient and effective BI tool for driving data-driven decision-making.

 

Power BI

 

Power BI is a business intelligence tool that allows users to connect and visualize data from various sources, such as Excel spreadsheets, SQL Server databases, and cloud services, and create interactive reports and dashboards. According to Microsoft’s website, Power BI is a collection of software services, apps, and connectors that work together to turn unrelated sources of data into coherent, visually immersive, and interactive insights. The tool includes natural language processing capabilities, which enable users to ask questions and receive answers in a conversational manner.

 

While Power BI is a cloud-based tool, it also supports on-premise databases. Users can create templates within Power BI Desktop, which can be shared with others, allowing them to access on-premise data sources without publishing the data to the cloud. Additionally, Power BI integrates with other Microsoft products such as Power Automate, Microsoft 365, Dynamics 365, Azure, and hundreds of other apps.

 

Microsoft offers a mobile app for Power BI, which allows users to access and view reports from their mobile devices. Power BI also offers a free version with limited features, as well as paid versions with additional capabilities and storage capacity.

SAP Business Objects

A collection of business intelligence (BI) tools called SAP BusinessObjects assists enterprises in drawing conclusions from their data, making wise decisions, and sharing those conclusions with others. Tools for reporting, data visualization, and analytics are all part of the SAP BusinessObjects package. The suite is a centralized platform that turns data into insightful information and makes it accessible from any location at any time. Moreover, it allows users to generate custom reports, dashboards, and visualizations and offers real-time access to data.. Web Intelligence, a reporting tool for ad hoc reporting needs that offers new capabilities, usability improvements, and upgrades for current features, is a component of SAP BusinessObjects. Moreover, SAP BusinessObjects offers predictive analytics features that enable customers to anticipate trends and spot patterns in their data.

 

QlikView

QlikView is a self-service BI platform that enables business users to develop interactive dashboards and reports without the assistance of IT personnel, making it a productive method to access and analyze enormous amounts of data in real-time. In addition, QlikView offers sophisticated visualization features that let users explore and learn from their data.

 

A BI reporting and analytics platform powered by AI, Qlik Sense complements QlikView by enabling users to create and publish their own aesthetically attractive dashboards and reports while having the power of interactive analytics at their fingertips.

 

Qlik has been recognized as a Leader in the 2022 Gartner Magic Quadrant BI report alongside Power BI and Tableau [3]. Businesses that adopt self-service analytics tools, such as QlikView and Qlik Sense, can benefit from faster insights, increased data literacy, and a data-driven culture.

 

IBM Cognos Analytics

IBM Cognos Analytics is a comprehensive business intelligence tool that integrates various features such as reporting, modeling, analysis, dashboards, and event management to help businesses understand their data and make effective decisions. The tool requires installation and configuration by administrators who then set up security and manage data sources. However, users can also get started by uploading local files and creating visualizations themselves.

In terms of pricing, IBM Cognos Analytics offers two pricing editions ranging from $10 to $40, and a free trial is also available. Users can select the pricing edition that best fits their needs and budget.

Overall, IBM Cognos Analytics offers a range of powerful features that enable businesses to access and analyze data from multiple sources, create custom visualizations and reports, and forecast trends and patterns in their data.

These are the top 5 BI tools that every business needs for efficient decision-making and data analytics, in our opinion. These technologies enable firms to acquire insight, access, and analyze data from a variety of sources, leading to smarter decisions. Using these BI technologies can enable you to realize the full potential of your data, regardless of how big or small your company is.