Can you imagine a digital world without data? No. Data is the soul of any successful digital strategy. The prevalence of an underutilized trove of data led to the discovery of business intelligence tools. Using an intelligent business intelligence tool, these raw numbers, words, and images are converted into valuable insights that can revolutionize the game for any business.
What is Business Intelligence?
Business intelligence is a technological process of accumulating, assimilating, and analyzing data and transforming it into a critical insight. The data is then used by business managers to facilitate smarter business choices.
Business intelligence is a comprehensive, multi-step process that involves applying advanced BI tools with the help of qualified experts to help businesses adapt to dynamic market demand and generate considerable revenue.
Top 3 Mainstream Business Intelligence Tools
With so many Business Intelligence (BI) tools available, selecting the right one can be overwhelming. Each tool caters to different business needs and models, so it’s essential to carefully consider your specific requirements. This diversity means there’s likely a BI solution that fits your unique circumstances, but finding it may take some time and research.
This article will help you understand different business tools and their key attributes. Let’s discuss a few widely used BI tools.
Microsoft Power BI
Power BI is one of the most robust BI tools, introduced by Tech Titan Microsoft. You can run it on both desktop and cloud-based platforms. It’s beginner-friendly and can be operated from any device with internet access anywhere in the world. It works well with a moderately sized data bank. It has an intuitive data visualization system and exceptional built-in AI capabilities. It has data connectors to ensure multiple data sources and integrates seamlessly with other Microsoft products. The cost is modest, particularly for companies that are already Microsoft customers.
Tableau
Tableau is another premier BI tool with an advanced interface that may require a complex learning experience. It is best known for its smart real-time data analytics and visualization abilities. It supports multiple data sources like Google Analytics, Box, Microsoft SQL Server, PDF files, Google Sheets, Snowflake, and so on. It offers both standalone applications and a cloud solution. It effectively handles larger data banks, which makes it the apt choice for large enterprises. It’s a highly-priced tool with exceptional features.
Qlik
Qlik is another widely accepted BI tool with self-service analytics and visualization features, including a touch-screen optimized interface. It offers both local and cloud-powered environments. It has a highly efficient associative engine that can integrate hundreds of datasets. It works on any device and has a fully native mobile app, too. Its unique in-built AI-powered Insight advisor adds a distinctive touch to it. This exceptionally intelligent tool costs big bucks. If you are a small-scale business with a limited budget, explore other options to suit your needs.
In brief, selecting the ideal BI tools depends on various factors, such as integration capabilities, data volumes, the scale of your company, and your brand’s specific needs. The right BI tools can do the tough job for you and improve operational efficiency.
