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 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.
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 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 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 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 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 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 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 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.
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.
Process Automation, Budgeting, Applications Development, Google Charts, PHP, Open Source, Pentaho
Visvero helped us develop a industry transforming solution to have a direct profit impact on mid-size landscaping industry. We have been able to help our clients manage the business lifecycle with their clients from the lead generation to contracts execution phase. The application helps our clients identify and independently track and manage each cost component on any project or maintenance contract. Tracking/ managing these allows our clients to better control quality and profitability of each contract.
Business Intelligence, Qlik, Alteryx, .NET, Tableau, Sisense, SpotFire, Machine Learning
As an advisor to various state and national agencies NIC takes on several blue sky technology projects for which we rely on trusted partners for advice and investment of time and treasure. Visvero team invested thousands of person hours helping our team socialize the key analytics technologies and develop and enhance the products for various client projects. The team was always able to take project briefs and create high utility analytics applications. Definitely recommend them for public sector applications projects.
Business Intelligence, Staffing, .NET, Tableau, Flexible
In LA, we are in a competitive market for talent. So, when we had a recent need for specialized Tableau developers, we turned to our trusted friends at Visvero. We were rapidly able to add 3 talented developers on project. Visvero was very flexible in accommodating our request to convert developers as Fandango FTE. I highly recommend Visvero recruiters for being able to find critical Business Intelligence consultants quickly and being flexible with contracts to make the gains permanent.
Business Intelligence, Qlik, OBIEE, Risk Reporting, HR Analytics
“We organized an analytics “bake-off” between IBM using Endeca and Visvero using Qlik. In two weeks the Visvero team was able to deliver a consumer ready Risk and HR analytics application, four weeks later we were just getting started with IBM. And what’s more, my team and I spent over 80 hours getting IBM to start to understand what it is that we needed. Visvero team had a subject matter expert who took all of 6 hours with my team. Engaging Visvero was a “no-brainer” decision.”
Pharmaceuticals, Sales and Research applications, Qlik, SAP
At Allergan, our business team had a very divergent view of output from our analytics roll-out. Visvero was able bridge the gap and deploy a crack team of Qlik and SAP developers who enabled us to deliver the applications in weekly sprints. Our team scaled 1 power user to a team of 8 developers in 10 days. QuikWIN methodology was transformational in how we delivered applications to our customers – the sales organization.
Business Intelligence, Staffing, SAP, Business Objects, Oracle, DB2
This project is a key win for us. Visvero consultants were properly vetted and compliant with our rigorous processes. Consultants appeared to be satisfied with offline mentoring and periodic training on new tools. As a contracted asset the engaged consultants do not have adequate access to same trainings that are available to our FTEs, Visvero closed this gap by creating their internal trainings to support our consultants. It was great for everybody involved. And the teams were super productive!