In today’s fast-moving world, businesses continue moving at rocket speed. Nowadays, businesses generate a lot of data daily. However, businesses need the right tool so that they could make some sense of it. That’s where a BI or Business Intelligence tool comes into the game.
These allow firms like surprise birthday celebration in Bangalore, to extract raw data and transform it into actionable applications. Thus, it can enhance decision-making as well as performance. So, it can create new competitive opportunities! In this article, we have compiled the 5 business intelligence tools that every business must know:
1. Power BI
Among all BI tools, Power BI leads. It is a user-friendly Microsoft product. Using Power BI, you can create interactive reports with a dashboard. The tool helps to connect almost all the existing data sources, from databases, cloud services, and even to Excel.
It has significant features to ensure data visualization in simple ways. It has many charts, graphs, and maps that are easy for users to interpret the data. More than this, it offers the user real-time data analysis. Hence, users can track the performance metrics.
Key Features:
– Interactive dashboards.
– Real-time data analysis.
– Can be integrated with Microsoft apps like Excel and SharePoint.
2. Tableau
Another BI tool is Tableau. It offers many excellent features. Moreover, it is highly capable in data visualization. It’s also intuitive by nature and helps transform raw data into meaningful insights. Furthermore, it can integrate with several data sources like Power BI. Thus, it is a very handy tool even while handling large volumes of data.
Of course, the interesting part is that Tableau is interested in visual storytelling. Using Tableau one can drag and drop elements to build up breathtaking visualization. Also, Tableau has a special feature which is known as Tableau Public. It enables one to share his or her dashboards online.
Key Features:
– Drag and drop interface.
– Several data visualization options.
– It can be used with huge datasets in an efficient manner.
3. Qlik Sense
Qlik Sense is a self-service BI tool. It helps in discovering hidden patterns embedded in the data it makes use of. Further, Qlik Sense’s associative data model makes it a unique tool. Using this, the process of data lookup cannot be bounded by predefined paths anymore!
Moreover, Qlik Sense automatically highlights existing relationships in data. This makes it easier for users to identify hidden patterns. It also supports drag-and-drop visualizations and fully customizable dashboards. Lastly, it offers strong data security features. Thus, it has become a reliable tool for several businesses that work with sensitive data.
Key Features:
– Associative data model that makes searching of data easy.
– Strong data security features.
– Fully customizable dashboards.
4. SAP BusinessObjects
SAP BusinessObjects is a powerful tool offering different solutions for business intelligence. It is a perfect tool especially for large enterprises. It gives access and develops, analyses and presents data reports. Further, it helps prepare elaborate reports and makes them available within the organization. Moreover, since it easily integrates with other relevant SAP products, companies already using SAP software find it handy!
Perhaps one of the high points of SAP BusinessObjects is its full feature for ad-hoc reporting. It allows users to quickly generate report contents. Now, they no longer need to wait for the IT team to generate them. Additionally, it is known for its scalability. Hence, it can be an ideal choice for large companies that deal with complicated data.
Key Features:
– Ad-hoc reporting to create rapid insights
– Massive scalability for big enterprises.
– Integrates easily with other SAP products.
5. Domo
Domo is a cloud-based BI tool. It works on offering businesses real-time insights. Further, the tool can integrate with different forms of data sources. Now this can include cloud applications, social media platforms, or databases. Further, Domo lets users build tailor-made dashboards to track key performance indicators (KPIs) in real time.
Additionally, Domo is also known for collaboration. Thus, users can share the report and the dashboard with the rest of the team. So, everybody will have an idea of what others are doing. Furthermore, the product’s mobile-friendly design makes it easier to get reports from anywhere.
Key Features:
– Real-time insights of data.
– Connect with multiple data sources.
– Mobile-friendly and collaborative.
Conclusion
Selection of a business intelligence tool is the first step for businesses to stay ahead in today’s world of data. Whether you have a large or a small-scale company, with these 5 tools, you can find better ways of making decisions.
Each of these five tools have their unique strengths. So, before you pick the right tool, analyze your business requirements. Moreover, you can seek technical expertise to find the best tool to satisfy the requirement. Thus, by investing in a reliable BI tool, you can enhance decision-making. Further, it can help streamline operations in your business performance.
