5 must-have Business Intelligence tools
Online business has changed the business dynamic along with business intelligence tools. Business intelligence aids in instituting a solid business framework as it customises your dealing approaches, foreseeing policies, observing inventories, and branding.
As per reports, 46% of small businesses incorporate business intelligence tools (virtual networking features) as a core segment of their business strategy. Following is a list of must-have Business Intelligence Tools that demands experts in the field:
- Microsoft Power BI
Microsoft Power BI, a cloud-based, Microsoft Windows compatible business intelligence tool. It aids the business in maintaining minimal costs, generating reports that are multiple platform supported, collects multiple source data, creates shareable dashboards and comes with drag-drop functionality.
The tools come with a few
limitations such as it’s has a sophisticated design, missing data cleansing
feature and intense UI.
- Oracle BI
Oracle Business Intelligence is a cloud-based business intelligence tool encompassing Siebel Systems and Hyperion Solutions business intelligence offerings which is compatible with Windows and Linux. It benefits in providing executable data, simplified analytics, data warehousing and developing an application for any platform.
For connecting the Oracle database to the Automation server, an instance of the server must be created. Visual Basic users can do it by calling the ‘create object’ method. Oracle BI too has some limitations like conversion of format triggers cannot happen, charts cannot be converted and matrix report conversion is not possible.
- Micro Strategy
Micro Strategy is a cloud based business intelligence (BI) tool with simple UI,smooth integration, quick deployment and customisation. Microsurgery allows combined data analytics with mobile potentials and enterprise-class security features. It is compatible with Microsoft Windows and Linux.
Micro Strategy too comes with limitations like not applying machine learning actions, no portal integration, expensive training and high license fees.
- TIBCO Spotfire
TIBCO Spotfire, cloud based business intelligence and analytics company have taken out a new adaptation with natural language search option that is compatible with Mac and Microsoft Windows, It benefits in AI-supported insights, seamless interface, self-operating data flows, and sophisticated collaboration of instruments. We would recommend hiring a person as it is an important segment for your business and must be dealt with seriousness.
Some of the limitations are the missing templates, expensive method, lacking embedded BI and screen resolution
- SAS Visual Analysis
SAS Visual Analysis software has
been designed and developed for business intelligence along with data handling,
multi rave and predictive analytics. It is compatible with Microsoft Windows,
Linux and IBM mainframe. Hiring a virtual employee for this software will be a
wise decision as this requires high technical skills. It aids in trend
indication, interactive and embedded BI, location analysis and predictive
analysis.
It has a few limitations such as
being open source, lacking proper graphics and issues with text mining. Along
with the mentioned it is also a bit costly
The market is filled with Business Intelligence Tools and the above mentioned have been picked due to their high demand and popularity. Business Intelligence is a key component of the business these days and these tools are a passage to it. It is the need of the hour to run the business on facts and data collected previously in order to keep having a solid foot in the market.
As per a survey conducted by BI-Survey, the respondents were
supposed to make their choice from an already mentioned list, here we are only
mentioning the results of the above mentioned tools:
Microsoft Power BI with 218 reviews, Oracle Analytical Server with 32 reviews, Micro Stratergy with 100 reviews, and SAS Platform with 47
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