Business Intelligence provides relevant and useful business information that improves business performance with the high emergence of technology into the business. These tools help in identifying customer behavior, increasing business visibility, and productivity. Business intelligence software helps to gather data and make strategic decisions on the basis of a dynamic environment.
Business intelligence assists you in getting the right data to the right place, at the right time. It optimizes the data and explains how it works, in solving the problems and capitalizing on business opportunities. It improves the useful information of the customer and matches the customer needs.
The global business intelligence market is expected to grow from $15.64 billion in 2016 to $29.48 billion by 2022, with a CAGR of 11.1%
Most companies render business intelligence consulting services to their clients that include:
- Work on Enterprise Wide-Reporting
- Predictive Analysis
- Online Analytical Processing
- Data mining
- Improving Performance Management
Adoption of Business intelligence solutions provides advances approach, allowing the company to mark its presence in the field while at the same time bringing operational efficiency and increased productivity.
Popular Business Intelligence Tools
With the growing multifaceted complexity of the business intelligence setting, effective decision-making is the distinctive evidence of developments and market changes. Using Business Intelligence Software and other technologies respond to digitalization and market competitiveness. Let’s have a look at the top Business Intelligence tools.
SAS Business Intelligence
SAS is a proprietary system well known for making information available at the right time. It helps in making connections between data sources and end-users. SAS is one of the most popular platforms that provide good business platforms, provides real-time analysis, and allows users to perform self-service reporting. It is a self-service platform that allows information and indicators to make informed business decisions
- One-stop platform
- SAS provides scalability, excellent data integration, multiple query languages
- Mobile access
Birst is a web-based analytics platform that puts intact perspectives from different teams and helps to make informed decisions. It helps to increase the business data model by enterprise data users. Birst is a free proprietary SAAS BI system that involves identifying, analyzing, and reporting.
- Enable data as a Service
- End-users to access and blend their data with IT-Owned data
- Refine enterprise data
- Corporate-wide metrics
Tableau is one of the most popular tools that do not require software knowledge. It helps in importing data that helps with visualization. The user completes the task from anywhere and with the help of an intuitive interface that makes it easy to work with. It connects to all forms of data sources such as MS Excel and data centers and offers a free 10 GB backup model for Windows and Mac users. It’s very useful for users who need cross-platform information.
Microstrategy is a tool for business that empowers people to make better choices and improves the overall way of doing business. Microstrategy could be a business intelligence platform that provides efficient high-speed dashboarding analytics that enables trend tracking, new opportunity identification, productivity enhancement, and much more.
- Enhances cost-efficiency and productivity
- Cloud support
- Easy to access Business Data
Looker is used to making real-time access to data and to make effective business decisions.available on the cloud and on-site network, it has a web-based interface that can be used to take advantage of the experience of analytics teams of businesses. This allows users to use a single application to model visualizations. All web-hosted and SQL data can be analyzed.
Oracle BI is an application that offers an integrated, end-to-end management system for enterprise performance. It is an automated tool to search, monitor, analyze, warn, incorporate the information, and manage. In a Shared Enterprise Information Model, both business analysis and calculation are presented through apps, so users can access the data in multiple ways.
Oracle BI is also a comprehensive collection of business intelligence apps providing the full range of business intelligence features
- Constructive data, and warnings, etc.
This simplifies every step of the analytics process – from data planning to complex data insights. It is one of the business analytics market’s leading technologies that are specially designed to use people with minimum or no previous data crunching experience. Sisense is a proprietary end-to-end BI tool designed specifically for those users who are not used to BI. Sisense uses ElastiCube that is an in-chip-based analytics database that supports the cloud platform as well as Supports Profitability Analysis and strategic planning.
Advantages of Business Intelligence Solutions
- Get solutions to business complexities
- Employee Empowerment
- Reduction in data manipulation
- Recognize critical areas for cost estimation
- Enhance business productivity
- Help you manage operations
- Real-time analysis
- Better client understanding
- Sales Strategy
- Cost and spend analysis
BI supports decision-making based on facts using historical data rather than assumptions. Business Intelligence (BI) is a technology-driven tool for data analysis and information presentation that helps executives, managers, and other corporate end-users to be informed about business solutions. By extending their scope using the latest technology and trends, they help companies to evolve their brand image and transform their business ideas.