Business Intelligence tools are tools that leverage a set of methodologies and techniques to analyze, prepare, and present raw data.
According to industry analysts, business intelligence tools turn the raw data into actionable business information and help business owners to make more effective and data-driven decisions. They further add that the set of methodologies and technologies used by these tools depends on the end goal of the business.
In this blog, we’ve provided a list of 10 business intelligence tools that you must use for an effective BI strategy in 2019.
BIRT
BIRT is one of the most popular open-source business intelligence tools. The tool is immensely beneficial for creating data visualizations and reports. The best part is that it can easily be embedded in web applications. The main components of the tool are report designer, a runtime component for generating designs, and a charting engine.
ELK STACK
This is yet another open-source tool commonly used for centralizing data streams and then visualizing the information in real-time. Easy to use dashboard and simple user interface make it one of the best business intelligence tools for an effective BI strategy.
SAP Business Intelligence
SAP Business Intelligence offers a plethora of advanced analytics solutions. This includes real-time BI predictive analytics, machine learning, and planning and analysis. The business intelligence platform, in particular, offers reporting and analysis, data visualization and analytics applications, office integration and mobile analytics. To put it simply, SAP is a robust software that has a variety of functionalities and serves a variety of roles.
MicroStrategy
MicroStrategy is a business intelligence with a powerful dashboard and data analytics system. According to experts, MicroStrategy helps in monitoring trends, recognizing new opportunities, and improving productivity. Best of all, users can use this tool whenever and wherever they like. It doesn’t matter whether the data is fed from a spreadsheet or cloud-based software, the tool is capable of analyzing all.
Yellowfin BI
Yellowfin BI is a business intelligence tool and end-to-end analytics platform. The USP of the tool lies in combining visualization, machine learning, and collaboration. Users can easily filter through the data with intuitive filtering. The multi-functional dashboard is another significant advantage of this business analytics tool.
Dundas BI
Dundas BI is a flexible, browser-based intelligence tool that enables users to connect to data sources in real-time. The tool offers great visualizations in the form of charts, tables, and graphs. The best thing about this tool is that the data sets are completely customizable and can be viewed from desktops, as well as, mobile devices. Users can also build their reports and monitor performance metrics.
TIBCO Spotfire
TIBCO Spotfire is a premier self-service business intelligence tool that has a multi-functional dashboard, data visualization, analytics, and KPI push to mobile devices. Experts believe this tool is one of the best in the industry for collaborating with the digital team. Users can define their own KPIs and send customized alerts to iPhones, as well as on androids. The most exciting part is that it can be easily integrated with CRMs, ERPs, Excel, and Access.
Microsoft Power BI
Microsoft Power BI is a web-based business analytics tool suite that is known for its industry-leading data visualization capabilities. The tool allows users to identify trends in real-time and predict future trends and behavior of customers. Being a web-based application, Microsoft Power BI can be accessed from all devices.
Helical Insight
Helical Insight is an open-source BI framework that is known to provide e-mail scheduling visualization, exporting, multi-tenancy, and user role management. The API-driven framework of the tool allows users to up additional features and customize it according to their needs. Additionally, the instant BI feature enables users to type questions in a Google-like interface and receive relevant reports and charts.
Kyubit Business Intelligence
The business tool from Kyubit is unarguably among the best free business intelligence tools available out there in the market. It allows users to create dashboards and reports from their OLAP, SQL, and CSV data. The tool is easy to use and is appropriate for professionals having knowledge of business analytics.
So, here was our list of top 10 business intelligence tools for an effective BI strategy. Let us know in the comment section if we’ve missed out any.
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