Business Intelligence Tools: Best 5 BI Tools Driving Business Growth

By Suchita Dey On Jun 24, 2022

Business Intelligence Tools Brings Business

Business intelligence tools are all about assisting you in integrating knowledge and gaining insights from your data in order to make tactical and strategic business decisions. They also facilitate you in identifying patterns in the mountains of data that your company generates.

Keeping all business processes under control becomes more difficult with each passing year, as massive amounts of data are produced, posing a challenge to businesses of all sizes. Also, organizations and businesses require specific assistance when it comes to making long-term and profitable decisions. Each challenge can be addressed quickly by any business user using modern and professional business intelligence tools (BI tools), without the need for extensive IT involvement.

Role of BI Tools in Business

By providing a clear view of all the data a company manages, these tools can collect, analyze, monitor, and predict future business scenarios. Identifying trends, enabling self-service analytics, utilizing powerful visualizations, and providing professional BI dashboards are becoming the norm in business operations, strategic development, and, ultimately, indispensable tools for profit growth.

Not only that, but the self-service nature of these solutions allows all levels of users access to every feature we just mentioned, without the need for any technical skills or specialized training. As a result, they are the ideal solution for democratizing data analysis and improving business performance.

BI Tools Pioneers

We have curated some of the best business intelligence tools the market has to offer to help you understand and implement them into your business.

SAS Business Intelligence

While SAS’ most popular offering is its advanced predictive analytics, the company also provides an excellent business intelligence platform. This well-established self-service tool, which was founded in the 1970s, enables users to make informed business decisions by leveraging data and metrics. SAS provides users with a plethora of customization options via their API set, and SAS ensures high-level data integration as well as advanced analytics and reporting. They also have a fantastic text analytics feature that will provide you with more contextual insights into your data.

Datapine

Datapine is a comprehensive business intelligence platform that makes the complex process of data analytics accessible to non-technical users. Datapine’s solution enables data analysts and business users alike to easily integrate different data sources, perform advanced data analysis, build interactive business dashboards, and generate actionable business insights thanks to a comprehensive self-service analytics approach.

SAP Business Objects

SAP Business Objects is a business intelligence software that provides detailed reporting, analysis, and interactive data visualization. The platform focuses heavily on Customer Experience (CX) and CRM, digital supply chain, ERP, and other areas. What’s particularly appealing about this platform is its self-service, role-based dashboards, which allow users to create their own dashboards and applications. SAP is a robust software designed for all roles that provides a plethora of functionalities on a single platform.

Yellowfin BI

Yellowfin BI is a business intelligence and analytics platform that combines visualization, machine learning, and collaboration. You can also easily filter through massive amounts of data using intuitive filtering and open dashboards from almost anywhere. The nice thing about this BI tool is that using a no code/low code development environment, you can easily take dashboards and visualizations to the next level.

QlikSense

QlikSense’s user interface is optimized for touch screen use, making it a popular BI tool. Its unique associative analytics engine, sophisticated AI, and high performance cloud platform make it even more appealing. This platform’s Search & Conversational Analytics feature is intriguing because it enables a faster and easier way to ask questions and discover new insights using natural language.

In Conclusion..

Business Intelligence Tools are extremely versatile and can provide you with a wealth of useful information about your company’s performance and future prospects. However, while it is excellent for collating / gathering data from various sources and assisting you in making sense of it, it is inadequate for collecting data directly from your customers.

Big data is all around us and getting bigger by the year. With the numerous features that BI and business analytics tools have to offer, you stand to reap significant benefits – your data management will become more cohesive, stable, agile, and predictable.