Top 5 Business Intelligence tool list to boost your online businessby Prashant Kumar Digital marketer
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.
- 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.
- 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.
● 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.
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.
- 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.
- 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.
Created on Sep 23rd 2020 06:22. Viewed 304 times.