Tableau: Tableau is a powerful and fastest growing data visualization
tool used in the Business Intelligence Industry.
- Power BI: Power BI is a
new cloud-based Business Intelligence service provided by Microsoft and
derived from its years of experience in relational databases like Access,
SQL server etc. It is a business intelligence platform that allows
businesses to clean and completely transform data into meaningful data.
- Sisense: Sisense is
business intelligence (BI) software that provides analytic solutions and
market insights for small to enterprise-level businesses.
- QlikView: Qlikview is a
business intelligence tool which is used for converting raw data into
knowledge. This BI tool offers data visualization in a meaningful and
innovative way.
- SAS: SAS Business
Intelligence (BI) is a suite of applications that allows you to prepare
and display data for statistics, predictive analytics, data mining, text
mining, and forecasting. The tools provide interactive visualizations
backed by analytics.
But what are the exact advantages of
these tools, and what do they offer that traditional data management cannot? It
all starts with technology.
Benefits of Business
Intelligence (BI) Tools
Professional software and
tools offer a variety of major benefits; Here we will focus on the most
invaluable:
1. They bring all the
relevant data together: Whether you work for a small company or a large
enterprise, you collect data from various portals, ERPs, CRMs, flat files,
databases, APIs and much more. You need to have a high level of data intelligence
to manage all these resources and to better understand the information
collected. That’s why using modern data connectors can help you focus on
different sources and give you a single perspective on all your business
processes. Thereby, problem identification, trends and action are
interconnected and based on data only.
2. Approach their real
self-service analytics unlocked data access: As modern business intelligence
software enables each person in the company to explore his / her own data, the
need to request reports from the IT department is significantly reduced. This
self-service BI approach gives organizations a competitive advantage, as each
employee will have the right amount of data analytics skills and, ultimately,
save the company time and resources without having to impose the IT department,
thus enabling them to focus on other things. Critical tasks.
3. Users can take advantage
of forecasts: Predictive analytics does not require a specialization of data
scientists or analysts. Through the integration of forecast engines, business
users can create statistics for future situations that will help them adjust
current strategies to deliver the best results. On the other hand, if a
business situation changes, intelligent data alerts protect you from potential
pitfalls when dealing with large amounts of data, and find new trends and
patterns that will help you respond immediately.
4. They eliminate manual
tasks: While traditional business management methods promote the use of
spreadsheets and static presentations, modern software eliminates infinite rows
and columns and facilitates the automation of processes. Need a report? The
device updates your KPI dashboard with live data. Additionally, you can
automate the reporting process and view the results in full at regular
intervals. Need a presentation? Drag and drop your values and see how easily
you can create a powerful interactive dashboard that enables you to interact
directly with your screen.
5. They reduce business
costs: From sales planning and customer behavior analysis to live process
monitoring and offer optimization, BI platforms enable faster planning,
analysis and reporting processes. In fact, according to a survey conducted by
BI, more than 50% of business intelligence users report that these are the most
important benefits that have helped reduce costs and increase revenue. If you
can work fast and accurately, you can achieve great business results and make
profitable adjustments.
6. They are constantly at
your service, 24/7/365: Different organizations have different needs, and the
software-a-service model that these tools offer will provide a complete SaaS BI
experience, hosting all data in a secure online environment. Depending on your
needs, the software can be tailored to the specific needs of a company. Because
data is stored in a cloud, you have uninterrupted access to the software, where
you can fully explore the self-service analytics features, whether you are a
manager, data scientist, analyst or consultant.
These business intelligence
benefits are concentrated in small companies and large enterprises. If you want
to manage your data and know what is going on in your company, BI is the way to
go. To help you along the way, we have created a list of business intelligence
tools that not only ensure that your data management and discovery are
intuitive and easy to use, but also maintain a secure, high level of
productivity and maximize profits.
Comments
Post a Comment