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Want to read about top business intelligence tools that can really help businesses to grow? I have compiled a list of the best BI tools that are going to shape the future of businesses.
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TOP 10 BUSINESSINTELLIGENCE TOOLS LIST TO MAGNIFY THE BUSINESS GROWTH IN2020 Business Intelligence (BI) is a set of processes, technologies, and architectures that transform raw data into meaningful information; this helps startups, SMEs, and large enterprises to make a profitable businessdecision. WHAT ARE BUSINESS INTELLIGENCETOOLS? BI tools are the sort of software employed to assemble, process, investigate, and envision large volumes of past, current, and future data; this is done to generate actionable business insights, create communal reports, and clarify the decision-making processes. Important Stats Related to BI and itstools:
Source: Forbes • 32% of R&D teams continually employ four or more BI tools to do their work, managing all departments in 2020.(Forbes) • Healthcare, financial, Retail/Wholesale other industries are likely to adopt BusinessIntelligence • (BI) in 2020.(Forbes) • HOW BI TOOLS ACCELERATE BUSINESSGROWTH? • Business Intelligence tools help small, moderate, and high-level businesses in several aspects, this ultimately enhances business growth. You canalso • reach ValueCoders to hire Business Intelligence Consultant to boostbusiness • growth. The consultant of our organization offers leading ideas that really impact the business growthfactor.
Source:bi-survey.com LET’S VIEW THE BENEFITS OF USING TOP BI TOOLS: Gather all relevant data: Whether you work in a small, moderate, or large enterprise, you can gather data from multiple portals like ERPs, CRMs, flat files, databases, APIs, etc. To analyze and connect the data of multiple resources, you need the best BI tools. These tools help businesses identify issues andtrends. Advantage of predictions: Businesses encounter hurdles in each turn, but all you need to do is “use your brain” to overcome them. But what if the difficulty can be predicted priorly? Yeah, you are thinking right. Business Intelligence tools can also help businesses to predict upcoming risk factors. BI tools are integratedwith forecast engines that help generate future scenarios, which finally lowers the business riskfactor. Eliminate Manual Tasks: For managing the business data, users use spreadsheets and static presentations, but now most of the businesses prefer using model software (BI tools) that saves the employees time and helps in estimating accuratedata.
Reduces business costs: Starting from sales planning, customer behavior analysis to real-time monitoring BI tools helps in all tasks. According to the BI survey, more than 50% of business intelligence (BI) users stated that these are the most prominent benefits that reducecosts. RELATED BLOG:OVERVIEW OF BUSINESS INTELLIGENCE TOOLS & THEIRFUNCTIONS LIST OF TOP BUSINESS INTELLIGENCE TOOLS THAT CAN HELP MAGNIFY YOURBUSINESS: Several different types of Business Intelligence tools are there, but all are not capable enough to offer leading solutions. Here I have listed a few top BI Tools that really offer profitable solutions to thebusinesses. O DATAPINE • Datapineis a famous BI software that allows you to relate business and other data from different sources. This tool uses its leading advanced analytics features (including predictive) to analyze thedata. • Using the datapine tool can create compelling business dashboards, customized or standard reports, and much more. The tool offers leading features for advanced (data analysts and average) and businessusers. • Key Features ofDatapine • The tools support the drag and drop interface features. • Include advanced and predictive analysis features to predict theanalytics. • The software dashboard holds multiple features like Drill-downs, chart zooms, widget linking, hierarchical filters,etc.
Allow you to generate multiple insights, including growth, value drivers, trends,etc. O SAS BUSINESSINTELLIGENCE SAS Business Intelligenceis one of the top-rated Business Intelligence tools that offer numerous solutions related to products and technologies. This tool is best for data scientists, data engineers, text analysts, forecasting analysts, and so on. This tool was founded in the 70s. At Capterra, this tool got 4.5ratings. • KeyFeatures • It holds different BI products and technologies focused on visual data exploration, easy analytics, interactive reporting, anddashboards. • The tool offers automated analysis supported by machine learning organized in interactive visualizations that answer business-related questions such as “Where do my clientscome • from?” • It also offers Dynamic visuals that are built into interactive reports anddashboards. • This tool can be integrated with other applications such as Microsoft Office. O CLEARANALYTICS
Clear Analyticsis a famous tool that connects data from internal systems, cloud, accounting, CRM. It also supports the drag-and-drop feature. It can be operated with Microsoft Power BI, utilizing Power Query and Power Pivot. This tool has increased the business productivity by taking help from Business Intelligence Consultants of top companies. • Key Features of ClearAnalytics • The tool supports Power BI features such as Power Maps, Pivot and it also helps in sharing insights into mobiledevices. • Offer a full audit trail that allows you to know where the data camefrom. • Allows to fetch data elements and organize them with visualizing, modeling, and transforming data. O SAP BUSINESSOBJECTS
O • SAP Business Objectsis a popular business intelligence tool designed for complete analysis, reporting, and data visualization. The tool offers office integrations with Excel and PowerPoint, where you can build live presentations and hybrid analytics. 170M users use SAP BI Tool across theworld. • Key Features of SAP BusinessObjects • It supports cross-enterprise sharing functionality that allows you to communicate with the customer andpartners. • Handles data with real-time analytics when you connect with SAP BW or SAPHANA. • The tool allows you to analyze large volumes of data by using Microsoft Excel withSAP. ODOMO
Domois a BI solution that includes multiple systems that are highlighted in this program. This top Business Intelligence tool can also be used for data lakes, warehouses, and ETL tools. Like other tools, you can compare the data gathered from other enterprises; it uses machine learning and artificial intelligence capabilities to explore thedata. • Key Features ofDomo • It supports the drag-and-drop Magic ETLfeature. • Have the capability of visualizing and designing raw data to charts, graphs, maps, andothers. • It supports 1000 pre-built cloudconnectors. • Predictive analysis is controlled with Mr. Roboto, Domo’s AI engine, that allows data scientists to generate predictive models and utilize artificial intelligence, machine learning, and other AI technologies. O MICROSTRATEGY
MicroStrategyis an enterprise analytics and mobility tool. Mainly focuses on federated analytics, hyperintelligence, and cloud solutions. Their mobile dossiers empower users to develop interactive books of analytics that perform on both iOS or Android platforms. Highly formatted reports, ad hoc queries, thresholds and alerts, and automated report distribution features make this tool moreattractive. • KeyFeatures • Tool’s hyper intelligence feature gathers data from various sources and places them into appropriate, zero-click insights. The tool offers contextualinsights. • The tool offers mobile deployment that allows users to leverage enduring reports, dashboards, and visualizations in real-time; it can be done from any location anddevice. • The tools allow you to integrate voice technology andchatbots. • Microstrategy administers a high range of solutions to deliver scalable, flexible, secure, and extensible cloud solutions. • ALSO READ: WHAT ARE THE TOP AI SOFTWARE DEVELOPMENTTOOLS? OGOODDATA
GoodDatais a popular business analytics software that proffers the tools for data storage, ingestion, analytic queries, visualizations. This tool can be integrated with websites, desktops, or mobile applications to create daily activity reports. GoodData got a 4 stars review onCapterra. • KeyFeatures • The tools allow you to publish multiple reports. Its wide range of custom data models and analytics let clients publish their own releases anddashboards. • It offers a modular data pipeline for agile data integration with on-premise or cloud warehouse. The tool can handle all sorts of data, whether it is structured, semi-structured, orunstructured. • This BI tool Offers additional services and support for the entire data and analytics lifecycle, including development, testing, launch, andmaintenance. O IBM COGNOSANALYTICS
IBM Cognos Analyticsis one of the famous cloud-based business intelligence (BI) tools that employ AI instructions for creating dashboards and reports. The tool allows you to represent data to the real world and also permits you to ask queries. The tool offers robust solutions to various industries such as retail, e-commerce, healthcare, etc. Most of the Business Intelligence Consultants recommend this tool tobusinesses. • Key Features of IBM Cognos Analytics • The Cognos Analytics search mechanism allows users to access, discover content within the software. • Multiple data sources are combined into a single data module that enables you to generate and work withinsights. • The BI analytics tools interactive visualizations are joined with embedded geospatial mapping and excellentanalytics. OQLIKVIEW
QlikViewis one of the best BI tools offered by Qlik. The tools manage data analytics platforms. It is developed on an Associative Engine that enables data discovery without the use of query-based tools. The tool eliminates the risk of data loss and incorrect results. • KeyFeatures • The tool supports the Associative Exploration feature, which allows you to perform various functions related to the selection andsearch. • The tools associative engine consolidates all the datasources. • The tools allow you to interact with dynamic apps, dashboards, andanalytics. O YELLOWFINBI
Yellowfin BIis one of the fantastic business intelligence software. Its functionalities include dashboards and scorecards, analytics, predictive, online analytical processing, query and reporting writing, and performance management. Yellowfin proffers filtering abilities that can be modernized inreal-time. • KeyFeatures • Combines five main products to connect, transform, and understand the organization data: Yellowfin signals, stories, dashboards, data discovery, and dataprep. • It offers leading BI and analytics solutions: enterprise analytics, embedded analytics,and • external analyticalapps. • Yellowfin signals are based on excellent, AI-controlled algorithms and allow immediate, personalized notifications right to yoursmartphone. • WRAPPINGUP • The top BI Tools help enterprises manage the business task efficiently; using such tools can easily predict the risk factor, analyze modern trends, make a correct decision,etc. • The Business Intelligence tools list contains top-notch BI software that supports all businesses (startups, SMEs, and large enterprises). But to make accurate use of Business Intelligence tools and get effective results, it is essential to have correct knowledge of thetools. • Well, to gain the authentic knowledge of BI Tools, you can also get connected with the ValueCoders(leading software development company in India)to • hire Business Intelligence Consultant. They are experienced and haveprofound
knowledge of advanced technologies. So if you want to make the correct use of the best BI tools, you can contactthem at any time as they are always accessible for offering valuable services to itscustomers. Original Source: https://www.valuecoders.com/blog/technology-and-apps/top-business- intelligence-tools-list-to-magnify-the-business-growth/