As the huge volumes of data produced challenge enterprises of all kinds, ensuring that all business activities are under control becomes more difficult each year. Finally, when it comes to making long-term and lucrative decisions, organisations and businesses require assistance. Each difficulty may be addressed quickly by any business user using current and professional business intelligence solutions (BI tools), without the requirement for extensive IT participation.
By providing a clear view of all the data an organisation controls, these technologies may collect, analyse, monitor, and predict future business scenarios. Identifying patterns, enabling self-service analytics, leveraging powerful visualisations, and providing professional BI dashboards are all becoming the norm in corporate operations, strategy development, and, ultimately, critical tools for improving profit.
Here, we’ll define the top business intelligence tool, discuss the most important benefits that may be obtained from using one, and provide a list of the best BI products on the market.
WHAT EXACTLY ARE BI TOOLS?
1. BI tools are programmes that gather, process, analyse, and visualise enormous amounts of data from the past, present, and future in order to provide actionable business insights, create interactive reports, and make decision-making easier.
2. Data visualisation, visual analytics, interactive dashboarding, and KPI scorecards are all included in these business intelligence tools. They also allow users to leverage automated reporting and predictive analytics capabilities based on self-service in one single solution, making the analysis process more efficient.
BUSINESS INTELLIGENCE TOOLS’ BENEFITS
Professional BI software and solutions have a number of notable advantages, but we’ll focus on the most important ones here:
1. They bring all relevant data together: Whether you work for a small business or a huge corporation, you most likely collect data from a variety of portals, ERPs, CRMs, flat files, databases, APIs, and other sources.
2. Their actual self-service analytics methods make data accessible: The requirement to request reports from the IT department is considerably reduced when each employee is equipped with current business intelligence tools that allow them to study data on their own.
The order of the tools is random and does not represent a grading or rating system in any way. We chose the top BI tools that are leaders in the business intelligence field and frequently featured in industry articles.
Top Business Intelligence Tools 2022
Here is the list of the top business intelligence tools, that are available in the market.
Datapine is a business intelligence tool that allows you to link data from many sources and evaluate it using advanced capabilities (including predictive analytics and artificial intelligence).
Both advanced users, such as data analysts, and typical business users can benefit from the programme. The SQL mode allows analysts to write their own queries, while the simple drag-and-drop interface offers a visually intuitive manner of entering numbers and building sophisticated charts and dashboards, all while utilising visual analytics.
2. SAS Business
SAS Business Intelligence is one of the best business intelligence tools, a BI platform that caters to a wide range of users, including data scientists, text analysts, data engineers, forecasting analysts, econometricians, and optimization modellers. SAS Business Intelligence, which was founded in the 1970s, has a lengthy history in the industry, constantly improving and increasing its offerings. This app has a decent level of user trust and satisfaction, with a Capterra rating of 4.3 and a G2Crowd rating of 4.2.
3. Infor Birst
Infor Birst is a cloud-based business intelligence and analytics tool that helps users understand and optimise complicated operations. Infor Birst was acquired by Infor, a multinational firm with a broad array of software products for various industries, in 2017. Infor Birst is now a sophisticated end-to-end system that includes a data warehouse, visualisation and reporting platform, and a networked business intelligence strategy built on advanced automation and learning technology. Customers gave the BI vendor’s software a solid 4.1-star rating on Capterra and a 3.9-star rating on G2Crowd.
4. SAP BusinessObjects
SAP BusinessObjects is a reporting, analytics, and data visualisation platform from SAP. They offer Excel and PowerPoint interfaces so you can make live presentations, as well as hybrid analytics that connect to their on-premises and cloud SAP systems. They work in areas like CRM and customer experience, ERP and digital core, HR and people engagement, digital supply chain, and many others. SAP is used by over 170 million people around the world, making it one of the world’s top software providers. The company received a 4.2-star rating on Capterra and a 3.8-star rating with over 400 reviews on G2Crowd, proving its well-established position in the market since 1972.
Domo is a business intelligence platform that consists of many systems, starting with data connectivity and ending with data extension through pre-built and custom apps from the Domo Appstore. Domo can be used in conjunction with R or Python scripts to prepare data for predictive modelling in data lakes, warehouses, and ETL tools. You may integrate data throughout your company, apply machine learning and artificial intelligence skills, and allow users to explore the data on their own, much like with other tools. This BI tool is also endorsed by many users throughout the world, with a strong 4.2-star rating on Capterra and an even better 4.4 on G2Crowd, despite the fact that the company is one of the youngest on our list – created in 2011.
6. Oracle Business Intelligence
Oracle Business Intelligence is a collection of technologies and apps aimed at assisting businesses in optimising their performance and enabling them to make faster and more informed mobile-enabled decisions. Oracle has a Capterra rating of 4.2 stars and a G2Crowd rating of 4.0, and they provide a wide range of data management tools, including machine learning, artificial intelligence, an integrated array of querying, reporting, and mobile analytics, among others. Oracle’s objective has always been to give organisations the tools they need to manage their data effectively and quickly. This tool is considered one of the best business intelligence tools.
7. Zoho Analytics
Zoho Analytics is the next BI tool on our list. Despite the fact that the company offers a wide range of products, including CRM, bundles, and apps, we will focus on their BI and analytics solutions because they are the most relevant for our topic. This is one of the business intelligence reporting solutions worth considering, with over 500 integrations for your business apps, over 10,000 customers globally, and a good 4.3-star rating on Capterra and 4.2 on G2Crowd.
Conclusion: By adopting BI and business analytics solutions, you will reap significant benefits: your data management will become more coherent, reliable, agile, and predictable as a result of the multiple features available. This article will motivate you to begin researching business intelligence solutions and finding one that is a good fit for your company or department.