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Top 10 Business Intelligence (BI) Tools that Industry Giants Use


Business

This article aims to list all top BI products available in the market. Business Intelligence tools are used by companies to monitor data, generate business insights and make better decisions that drive good results. These tools can leverage data and convert it into required information that can benefit organizations. BI tools enable business people to transform data into information and these tools have had a profound impact on corporate performance, strategy and competitiveness. Many tools have emerged to match the varied ways. Here, I am providing a glimpse of 10 BI tools that Industry giants use.

SAP Business Intelligence (BI):

SAP BI is known for its awesome query performance, easy to use GUI and better formatting. This tool helps to collect data from various sources and present them in the form of reports which is efficient for analysis of data at high level. Some of the key features that make SAP BI better are its ability to analyze multidimensional data sources both in MS office environments and web, flexible dashboards and easy integration with other platforms. Single point of access to all information is possible through this tool and the data from various sources can be accessed from the single place.

Oracle Business Intelligence Enterprise Edition (OBIEE):

Oracle Business Intelligence Enterprise Edition (OBIEE) is a powerful business analytic tool. This tool integrates many of Oracle's powerful components including BI servers, BI interactive dashboards, BI publishers, Hyperion interactive reporting, Hyperion financial reporting and Hyperion web analysis. OBIEE is based on a web service oriented unified architecture that integrates with an organization's existing information technology infrastructure for the lowest cost of ownership as well as highest return on investment. Users can access and interact with information in multiple ways, including web based interactive dashboards, search bars, ERP and CRM applications, mobile devices and Microsoft Office applications.

Microsoft Business Intelligence (BI):

Microsoft BI allows user to fetch, analyze and visualize data through excel. This tool includes analysis services, integration services, reporting services, master data services and several client applications used for working with analytical data. Microsoft has originally been a provider of BI solutions and therefore offers a wide range of solutions. With Microsoft BI it is possible to learn forecasting and data mining. Microsoft provides a complete set of business intelligence tools as part of the Microsoft SQL Server, Sharepoint and Office applications. Most of Microsoft BI products are based on SQL Server 2015 and cover a wide range of functionalities.

MicroStrategy:

MicroStrategy provides easy as well as effortless access to all business data from one place. This platform supports interactive dashboards, scorecards, highly formatted reports, threshold and alerts, ad hoc query and automated report distribution. The MicroStrategy platform uses a single common metadata for consistency as well as streamlined maintenance. This tool runs against data stored in ERP systems, operational databases and data warehouses. MicroStrategy connects to one source or many, separately or in a combination. The software performs analytics on a variety of data, such as sales figures, inventory and payroll in order to inform users' business decisions.



Birst BI (Business Intelligence):

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Birst is software as a service business intelligence platform that combines data recovery, reporting and analytics. Birst BI includes powerful features as well as user friendly business intelligence. This tool combines comprehensive report making, delivery, data suppression, translation and asynchronous scheduling to ensure secure and reliable delivery of multiple reports. Birst provides on-demand business intelligence and analytics to enterprise customers. Its two tier architecture helps to align back-end sources with line of business or local data. It is marked in two primary ways as a direct sale, for enterprises that maintains their internal business and embedded, for companies who offer analytic products.

QlikView:

QlikView is a real user-friendly platform that widens the gap between BI software and traditional productivity apps. QlikView is a leading Business Discovery Platform and very powerful in visually analyzing the relationships between data. This tool has high demand in various industries such as banking, consumer products, high tech, insurance and many more. It can read data from numerous sources including files and relational databases. QlikView promotes analysis of application data, helps users to make time-saving and accurate decisions. It brings a new level of analysis, insight and value to existing data with user interfaces that are clean, simple as well as straightforward.

Sisense Software:

It is one of the best leading BI tools in the market and a winner of the Best Business Intelligence Software Award for 2016 from FinancesOnline, the most popular business software review platform. Sisense helps business users to easily prepare, analyze and visualize complex data. It is end to end software that helps to access data for any user, even for those with little or no experience with BI software. The software is focused on user friendliness and high performance for corporate that work with large or diverse datasets. Its standalone applications offer data and text mining with interactive analytic tools.

Cognos Business Intelligence (BI):

It is an IBM's contribution to BI and helps to provide an on-premise or web-based solution to company analytics. With Cognos BI, you can explore information from different angles, perspectives as well as compare it with data in motion and trends. Cognos software enables companies to become top-performing and analytics-driven entities. It is an integrated business intelligence suite that provides a wide range of functionality to help you understand organization's data. Also, it provides a wide range of features and can be considered as enterprise software to provide flexible reporting environment and can be used for large and medium enterprise.

Tableau Business Intelligence:

This platform is very simple as Excel, but contains very rich features such as sharable dashboards, interactive reporting and scalability. It provides a toolset for reporting, analysis, score-carding, and monitoring of event. The software consists of several components to meet the different information requirements in a company. Tableau Business Intelligence makes everyone to connect with data and create visual reports easily. This tool has a lot of benefits as it helps to quickly create interactive plots, build interactive tools using GUI, connects to R, very short learning curve and fetches answers in seconds.

Power BI:

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It is a business analytic tool provided by Microsoft. Power BI is a suite of business analytics tools to share insights and analyze data. It helps to combine all the organization's data whether it is present in the cloud or on premises. Power BI also provides desktop based interface, called Power BI Desktop and continuously growing as well as expanding by adding new features. With this tool you can learn Power-Pivot, Power-Query and knowledge of three components such as the Desktop, service and Mobile apps. Furthermore, this tool helps to learn how to modify existing reports, sharing reports and dashboards.


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