BusinessHABBusiness intelligence platform: Many businesses use business intelligence tools to analyze their data and company performance. There are a variety of these tools that focus on different aspects of a company’s performance data. Understanding these business intelligence, or BI, tools and their uses can guide you in choosing one to optimize business processes.
In this article, we discuss what BI tools are, explain their benefits, list BI tools to help you improve your business decision making and explain how to list proficiency with these tools on your resume.
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What are business intelligence (BI) tools?
Business intelligence tools are programs that collect and analyze data to generate business insights and prediction reports. BI tools can do the following:
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Collect, analyze and visualize data for a company to interpret
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Compile and store data from outside sources
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Create reports for particular areas of business, including finance, sales, and marketing
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Use past and present data to predict areas of improvement
Using BI tools can help analysts and management make decisions for the future of the company using the information.
Read on: 16 Tips to Become Business Intelligence Analyst
Benefits of using BI tools
Benefits of using BI tools include:
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Automated reports: BI tools can automatically create reports, presentations and data visualizations from internal data or external information. These tools can minimize the time you spend inputting data manually, sourcing and creating reports.
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Data collection: BI tools can quickly sort through mass amounts of sources to compile information to present to you within a customizable data filter. This can reduce the time and resources involved in research and data interpretation.
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Reduced costs: You can use the information from BI tool reports and predictions to develop company budgets that are optimized for profit. BI reports can highlight what contributes to a company’s revenue so it can choose to allocate fewer costs in some areas to further develop its most profitable aspects.
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The following is a list of business intelligence tools that can help you optimize your work and improve a company’s performance:
1. Alteryx
Alteryx is a desktop program that offers a customizable dashboard and automatic customer analytic reports. It provides social features that allow you to interact with other professionals through Alteryx Connect. This may allow you to discuss data and predictions with business intelligence professionals to identify new business solutions.
2. BiG EVAL
BiG EVAL focuses on the quality assurance aspects of data analytics. You can embed it into ticket systems, continuous integration and delivery systems. After doing so, BiG EVAL can provide you with quality metrics and automated testing for analytical data models.
3. Birst
Birst is a web-based program that collects data from various teams to provide company-wide reports. This program can give insights into how the entire company can improve its performance. Birst automates simple reporting tasks and you can use it with other business information tools.
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4. BiRT
BiRT provides easy-to-navigate visual reporting that can analyze mass amounts of data quickly. With BiRT, you can access your data in a single view. Those without a technical background may appreciate this tool, as it’s simple, open-source format doesn’t require users to write code.
5. Board
Board’s platform focuses on finance analytics and management. It’s available in English, Chinese, French, German, Italian and Spanish. Board has dedicated reporting for consolidation, cross-selling, retention management, supplier management and up-selling analysis.
Read also: 29 Best Business Intelligence Use Cases
6. Clear Analytics
Clear Analytics is a spreadsheet-based system that can clean and model various datasets. This system manages large datasets and visualizes data reports. Clear Analytics collects data from web services and analyzes it to produce business insights.
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7. ClicData
ClicData provides reports and dashboards that analyze your progress and project performance. It can notify users through real-time alerts regarding new data, insights and reports. You can send and share this information directly through the program to authorized users within the company for which you work.
8. Datapine
Datapine uses artificial intelligence to generate insights regarding growth and trends. This platform has a drag-and-drop interface that minimizes the need for users to have advanced coding knowledge. Datapine’s dashboard provides various visualization features and allows URL report sharing.
9. Domo
Domo features multiple systems on its web-based platform that is accessible from any device and houses its own app store that offers different levels of analysis to accommodate most business needs. The Domo platform also allows you to create your own applications to tailor the business information tools to best suit a business. Domo has its own artificial intelligence engine called Mr. Roboto, which can help generate predictive models and data visualizations from raw data.
10. Dundas BI
Dundas BI is a flexible platform with an HTML5 interface you can adapt to access on any device. It provides predictive data analytics and customizable data maps that are easily accessible through any web browser. The Dundas BI platform adapts to user performance, offering more advanced features to proficient users.
Read on: 24 Top Adobe Photoshop Business Intelligence Tools
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11. GoodData
GoodData is an open-source platform you can embed into your own website or app. It provides analytics and reporting that you can customize and publish. GoodData has advanced data security features for data storage and analytic queries.
12. IBM Cognos
IBM Cognos is a business intelligence system that can help analysts with reporting and data analysis. Users can create unique dashboards and create reports both online and offline. The suite also comes with a mobile app, allowing analyst mobility.
13. Infor Birst
Infor Birst is a BI tool that uses a cloud-based platform to offer a flexible and secure option that can function both online and offline. It can perform data collection, analysis and visualization. You can also integrate this tool with unique business applications.
14. InsightSquared
Insight Squared is a tool that provides predictions to boost sales. It can create reports based on prospect buying trends, salesperson success rates and other product sales information. These reports can identify areas of improvement within a company’s sales operation process and ensure that the company can provide the products and services its clients demand.
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15. Jaspersoft
Jaspersoft offers interactive web-based reports that are accessible from any device. This open-source tool creates visual data reports and analyses that help you interpret the information and apply it in developing new solutions, services or products. You can also integrate Jaspersoft into mobile apps that are accessible with web-based storage systems.
16. Logi Analytics
Logi Analytics allows app developers to embed analytics into their apps for their clients. You can customize the analytics that clients can access through the app. Clients may want the ability to access certain analytics to help improve their performance, and Logi Analytics creates a seamless integration of analytics into the app.
17. Longview
Longview is available on any web server and can export reports to other file applications and formats. Its web accessibility allows report creation and updating in real time. Longview can access data from other web services to create reports and visualize data.
18. Looker
Looker is a data discovery app that provides real-time updated reports. You can share data and insight reports directly from the platform via email and other applications. You can also integrate Looker with any SQL database.
19. Metric Insights
Metric Insights features portal pages where users can customize their pages and layouts with the tools relevant for their work. This program alerts and emails users of data anomalies and tracks user workflow. Metric Insights stores and organizes company information for all authorized users to access and be able to respond to.
See also: 53 Tips on What is Business Intelligence
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20. Microsoft Power BI
This tool can operate on both a server and the cloud. It can synthesize data to create reports and dashboards quickly, after integrating with your chosen database. Microsoft Power BI also offers encryption options to help you keep your data safe.
21. MicroStrategy
This BI tool uses machine learning and natural language processing to allow voice technology integration. Other key features include federated analytics, cloud solutions and mobile dossiers. It also offers a hyperintelligence feature that can take data from multiple sources and provide insights using the original context.
22. Qlik Sense
Qlik Sense is a useful took for analysts at various skill levels, as you can customize your experience to match your abilities. It offers self-service visualization, interactive dashboards, reporting and other advanced analytics options. It also offers AI-generated insight suggestions that it creates automatically.
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23. Qlik
Qlik is a BI and analytics tool that helps you develop analytics and provides you with dashboards multi-cloud data integration.
It offers a full BI suite that lets you deploy, design, and manage data without any coding know-how.
Qlik offers three significant functions:
- Data Integration – It provides data and analytics in real-time and performs data streaming, cataloging, refinement, etc.
- Data Analytics – It helps you turn raw data into actionable insights – on Qlik’s cloud or your own cloud.
- Data Literacy – Qlik’s team guides you and assists you in reading, working with, analyzing, and communicating with data.
Besides, Qlik’s sub-product QlikView provides data exploration and visually highlighted dashboards to understand data better.
Qlik also provides on-demand webinars to help you work with AI and analytics data. Not only this, but they also optimize your data pipeline.
Key Features:
- Qlik Replicate – Qlik helps organizations with data replication, injection, and data streaming.
- Data Warehouse – They automate the process of managing and optimizing data warehouse, generating ETL code, applying updates, etc.
- Qlik Catalog – It puts all your data into a simplified view and helps you find data whenever you want. It also performs data standardization, cleansing, and implements protection measures.
24. SAS Business Intelligence
This BI tool was originally founded in the 1970s, and has since grown to match modern needs. Key features include simple analytics, data visualization and interactive reporting. Mobile capabilities also allow you to work and collaborate across a variety of platforms.
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25. SAP Business Objects
SAP Business Objects is a business intelligence software which offers comprehensive reporting, analysis and interactive data visualisation. The platform focuses heavily on categories such as Customer Experience (CX) and CRM, digital supply chain, ERP and more. What’s really nice about this platform is the self-service, role-based dashboards its offers enabling users to build their own dashboards and applications. SAP is a robust software intended for all roles (IT, end uses and management) and offers tons of functionalities in one platform. The complexity of the product, however, does drive up the price so be prepared for that.
26. Sisense
This simple BI tool is great for early-career professionals. It uses microchip technology to achieve quick conversion and analysis speeds, and can allows users to customize the services to fit their needs. Sisense also features a streamlined design, including drag-and-drop design capabilities.
26. Tableau
This tool’s data visualization and easy drag-and-drop functionality make it a great choice for early career analysts or visual learners. It can connect with many types of databases. It is also excellent for creating graphs and charts using your data.
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27. Yellowfin
Yellowfin offers dashboards, automated business monitoring and data storytelling tools to help its users process their data. It can incorporate data from writing, video and images. You can also use a drag-and-drop report builder feature and self-service data preparation options.
28. Zoho
Zoho provides a self-service BI and analytics platform that is easy to use. It provides users with various essential features (along with more advanced ones) related to business intelligence. From creating visualizations that can be easily shared with others, to uncovering hidden insights with the help of predictive analytics, Zoho provides everything one needs in a business intelligence tool.
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Which Features Do You Need in BI Tools?
Here are a few essential features that you need to look for in a BI tool:
- Ranking Reports – This feature can help you identify what is working and what is not working for your business. You can also analyze the ranking through various dimensions and focus only on specific areas.
- Executive Dashboards – Leverage intuitive dashboards to gain a real-time overview of your organization. You can study business-critical data sets through charts, summaries, graphs, and other customized reports.
- Interactive Reports – It will help you condense and analyze heaps of data in an easy to understand format. You can use these reports to identify anomalies, outliers, and trends in the historical data.
- Geospatial Mapping – Location intelligence can help in transforming your data into a cartographical and graphical representation. Plus, simplified data laid out on the map will help non-technical people understand it easily.
- Operational Reports – It can help track and analyze daily events and make data-driven decisions.
- Open Integration – Your BI tool should be able to fetch data from numerous sources like emails, websites, social media platforms, and more.
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