Gone are the days when data was all contained in spreadsheets and databases! Business intelligence is all about harnessing the data that every organization generates in all of its different departments. This data is then analyzed and visualized to gain valuable insights, and to see how business is performing. To do this, business intelligence requires methods and programs to collect vast amount of unorganized data and then convert it into accessible information.
Being an entrepreneur, you might be thinking that these business intelligence tools are way too progressive and modern for your venture. However, this is untrue. Besides making informed decisions, nowadays more and more businesses of all sizes, whether large or small, is making use of vast and complex data to earn profits. They are utilizing business intelligence solutions to reduce costs, resolve urgent issues, gaining access to new opportunities, and finding areas of weakness in the business.
Here’s a rundown of the top 6 best business intelligence tools.
Sisense is a robust data and analytics platform that permit analysts, developers and builders to easily and quickly convert the unarranged data into actionable analytic apps. Sisense has made doing business less cumbersome. It helps entrepreneurs making better decisions, which allows them to propose strategic plans.
The best part about this market intelligence solution is that it allows less tech-savvy users to get insights without much hassle. It removes the need of IT department to get involved every time when visualizing the data.
Sisense allows users to bring together the information from multiple sources. To accomplish this, they utilize a very disruptive technology called as in-chip analytics, which allows speedy data processing, as compared to other tools.
Airbus needed a global view. For this purpose, they wanted a platform having ability to quickly drill into the data and get some insights in a matter of seconds. They wanted a powerful solution, that’s easy to use, and capable of delivering high performance in terms of data drilling and data analyzing.
Sisense helped Airbus’ Global marketing team to successfully delve into knowing each market trends. It helped Airbus’ Global market research Team to glean the deeper insights of their data, which was always there, but they never had access to.
2. SAP Business Intelligence
Whether you’re an entrepreneur or a line manager, SAP Business Intelligence provides critical insights when and where it’s needed. SAP business intelligence is an enterprise suite and consists of many solutions that seamlessly work together to provide reports and analytics for business users. SAP business intelligence enables end-users to work with and visualize in simple and practical ways. End-users can trust that they are getting the answers they need from the platform.
Tableau is a powerful business intelligence tool that majority of enterprises deploy. Tableau helps businesses in identifying complex trend patterns and turns them into actionable insights. The software is user-friendly, and comes with drag-and-drop functionality. You don’t need to have any technical knowledge to create and explore tableau dashboards. In fact, it is possible within minutes.
When Arby’s Restaurant Group’s sales were shrinking, they decided to give a fresh look to their numerous store locations. They wanted to keep an eye on customer behavior’s patterns. They made use of tableau BI platform to portray user’s behavior with the help of point of sales data. Arby’s Restaurant noticed an increase in sales at their renovated locations. As a result, they executed remodeling five times within a year.
QlikView is a robust and user-friendly tool that allows users to create custom dashboards and reports. It’s unique data discovery and global search feature enables data analysis via visualizations and charts. This tool is suitable for businesses of all sizes, even for freelancers.
Many organizations have been gaining success with the help of QlikView. One such company is Deloitte. Their upper management wanted to unlock their insights and interact with it. After using QlikView’s intuitive and easy to use platform, they were able to view and share visual dashboards through different data sets. All of this helped them in interpreting and understanding data much faster and efficiently. Ultimately, this helped top management in making timely grounded decisions.
Whether the coming enterprise data is manual or online, this BI tool allows users to fetch data from multiple sources conveniently. It shows high performance when it comes to data analytics.
6. Data pine
This data visualization solution makes things more visual. They link all your data sources in an integrated location, ensuring detailed data visibility. Even, users don’t need to be tech-savvy to fully benefit from the tool’s drag-and-drop functionality. Moreover, Datapine offers progressive data dashboards that display layers of information to comprehend existing business standing and progress.
An online consumer enterprise, Kreditech, was challenged by data centralization process. They had concerns with integrating their internal and external data. Due to which, they frequently had to call IT personnel for managing regular analytics, which was lowering their operational productivity. After incorporating datapine into their business, they found considerable reduction in time spent on data analytics. Plus, the company was able to garner KPIs within few minutes without the help of IT technician.
Now, you don’t have to delve into complex network of linked spreadsheets. Instead, use business intelligence tools and leverage the power of data.