Articles

Top 5 Business Intelligence tool list to boost your online business

by Ronnie Arora Vice President Marketing

Since the online business came into existence, the business landscape changed totally and to further boost it, business intelligence has taken up the task. Business intelligence lets you create an effective business model by personalizing your sales strategy, anticipating objectives, tracking inventory, and building brand awareness which further leads to a huge boost in the business and increased return on investment. The global business intelligence market has been predicted to scale up from USD 15.64 billion in 2016 to USD 29.48 billion by 2022 with 11% CAGR (Compound Annual Growth Rate).

By incorporating business intelligence in your business you can increase your reach and sales as it allows you to make the right decisions at the right time. Following is a list of Business Intelligence Tools for which you will require an expert in the field and in order to reduce cost without affecting the quality we would suggest you hire virtual employee.

 The top 5 Business Intelligence Tools are:

  1. Microsoft Power BI

Microsoft Power BI is a cloud-based business intelligence tool developed by Microsoft with attractive data visualization and simple interface. The credit of the success of this tool goes to advance development team. Except Microsoft, companies that rely on Power BI are Adobe, Aston Martin, Carlsberg group, Coca Cola and many more.

 

It’s features include:

       Customization of dashboards

       Information based reports

       Navigation pane

       Question answer box along with help and feedback

       Ad Hoc reports and analysis along with interactive reports and dashboards

       Trend Indicators

Hiring a virtual employee with decent experience can allow one to take their business to the next level. Its compatible software is Microsoft Windows.

  1. Oracle BI

Oracle Business Intelligence is Oracle Corporation's set of business intelligence tools that comprises former Siebel Systems business intelligence and Hyperion Solutions business intelligence offerings with good visualizations. A few companies using Oracle BI are Amazon, PNC, Sodexo, etc.

 It’s features include:

       Data connectors and warehousing

       Predictive and embedded analytics

       Advanced analytics

       Performance management applications

       Business Intelligence foundation

       Storage and service systems

       In-memory enhancements

It’s compatible softwares are Windows and Linux.

  1. MicroStrategy

MicroStrategy provides business intelligence (BI), mobile software, and cloud-based services to analyze internal and external data for the business to make correct decisions and to develop mobile applications. A few companies using MicroStrategy are Adidas, Aegon, Facebook, eBay, Amazon, etc.

It’s feature include:

       Data connectors and preparation

       Hyper Intelligence and machine learning

       Federated and embedded analytics

       Web and mobile supported applications

       Personalization and real-time alerts

       Data mining and predictive analytics

       Real-time dashboards and embedded BI (requires no additional coding)

Its compatible softwares are Microsoft Windows and Linux.

  1. TIBCO Spotfire

TIBCO Spotfire is a business intelligence and analytics company that recently launched a new version which includes natural language searches, AI-powered insights, new interface, automated data flows, and real-time data stream. A few companies using it are Air France, Bosch, Renault, Dell, Cisco, etc.

It’s features include:

       Location and visual analytics

       Intelligent data wrangling

       Real-time streaming analytics

       And other new features as mentioned above

Its compatible softwares are Mac and Windows.

  1. SAS Visual Analysis

SAS Visual Analysis software was developed for business intelligence along with data management, advanced, multi rave and predictive analytics and criminal investigation. Hiring a virtual employee for this software will be a wise decision. A few companies using it are Government of Alberta, Edison International, Blue Shield of California, GM Financial etc.

It’s features include:

       Ad Hoc  and scheduled reporting along with predictive analysis

       Mobile applications

       Dashboard customization and visualization

       Location Analysis

       Trend Indication

       Interactive and embedded BI 

Its compatible softwares are Windows, Linux and IBM mainframe.

There are some other tools available in the market but these have been listed on the top, the businesses need is to work smartly in today’s era and business intelligence is a gateway to it. In a data-driven world, it is necessary to keep your online business up with it.

As per a survey by BI-Survey with 2,200 respondents 57% are applying BI in Sales Planning and forecast, 40% in customer behaviour analysis, 32% in a unified view of customers, 31% in capacity/resource planning, 29% in pricing and offer optimization and 28% in quality assurance/analysis. 

I suggest to hire virtual employees and make sure they have enough experience with the listed software to accelerate your online business to a new level.


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About Ronnie Arora Advanced   Vice President Marketing

29 connections, 0 recommendations, 118 honor points.
Joined APSense since, January 15th, 2018, From Melbourne, Australia.

Created on Sep 23rd 2020 06:22. Viewed 141 times.

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