Ranking The Top 5 Business Intelligence Applications of 2019

Business intelligence tools are designed to help businesses understand all of their data by analyzing and presenting the raw data in actionable information that guides decision making. Choosing the right BI tools are vital to help leaders understand their business and pinpoint and effect change that will help their organization succeed and grow.

Benefits of utilizing strong BI tools include:

  • More comprehensive data gathering and improved data quality and more detailed and accurate reporting and business analytics
  • Provide the most complete, 360° view of your organization with better insights 
  • Visually striking, easy-to-understand data visualization
  • Results that lead to better planning, improved and streamlined decision-making
  • Better prioritization for areas of improvement
  • Increased customer and employee satisfaction
  • Improved cost-effectiveness and boosted revenues

Most BI tools fall into the category of Full-Stack Business Intelligence Tools and Data Visualization Tools. Full-Stack Business Intelligence Tools are enterprise-level BI tools that are designed to solve the specific problem of enterprise data silos. Full-stack BI tools consolidate all of the data in a data warehouse which is a relational database designed for data mining instead of traditional processing. Data Discovery and Visualization Business Intelligence BI tools are primarily designed to help data analysts discover patterns in large amounts of data, then transform those patterns into visualizations which allow them to be easily understood. Compared to full-stack BI tools, data visualization products often have a lower cost of implementation and require less support, meaning they’re a better fit for smaller businesses. 

As a user, you need to think about how it will fill your business needs: 

Is Your BI User-Friendly from End-to-End? To maximize the value possible from your BI, it should help as many people in your organization to analyze, visualize, and utilize their business data. To be as useful as possible, the BI shouldn’t require power-users to utilize a custom language and should enable AI throughout so it learns from your users and data to solve problems intuitively. 

Is Your BI Customizable? Ideally, your chosen platform should precisely meet your specific business needs so make sure that the platform you choose is built with customization in mind, is purpose-built for developers to reduce development time; and is able to embed analytics everywhere to integrate analytics into your products and services

Is Your BI Flexible and Scalable? Your chosen BI should be able to handle other changes in your organization in order to quickly meet any changing demands and ensure performance regardless of any challenges. Additionally, as your organization grows and changes, you need your BI to do the same without any additional costs or consultants. This also means your BI needs to handle both your current data and any future increases in data.

Ranking BI Tools is no easy feat, as the best BI depends on the needs of the business. We'll be comparing Microsoft Power BI and Tableau, arguably the two most popular BI tools, in an article coming shortly, but we’ve aggregated some of the other top contenders and outlined them here. According to TechRadar, Dundas BI, Sisense, and Zoho Analytics take the top slot. Dundas BI is a browser-based business intelligence tool that sticks closely to the process of data democratization and usable by anyone, regardless of technical skill. It’s especially convenient because it can be used on both browser and desktop devices. It’s a good option for teams looking to get up and running quickly. Sisense, which has merged with Periscope, lets developers work on a single platform within the cloud and offers end-to-end analytics on a platform that benefits every user and team. Users can add a variety of data sources and build interactive dashboards with little to no IT assistance, and data scientists and engineers can use query languages to build more advanced models. Zoho Analytics is a self-service business intelligence tool that emphasizes easy use and automation. The tool automatically checks the inputted data for gaps or other issues and gives users the option to automatically generate reports. The settings are highly configurable and easy to use, as the system comes with tutorials and other helpful add-ons for new users. Overall, Zoho Analytics works best for small organizations or startups, Sisense and Dundas BI are best for large organizations with multiple users and for users who want mobile-ready tools.

 

Sources:

https://www.trustradius.com/business-intelligence-bi

https://www.sisense.com/bi-tools/?utm_source=google&utm_campaign=us_dsa&cmp=us_dsa&utm_medium=cpc&ag=business_intelligence_general&ad=372538669175&campaignID=918677935&AdGroupId=45816668557&kwid=dsa-741073595646&kw=&gclid=Cj0KCQiAvJXxBRCeARIsAMSkAppYz8gwo-CAG9KvUI6neYQ5ExkpDWRV3pV8sp8Bo41GE5USN3inbpEaAkbnEALw_wcB

https://www.techradar.com/best/best-bi-tools

https://www.datapine.com/articles/best-bi-tools-software-review-list#best-bi-tools-list

https://blog.panoply.io/top-25-business-intelligence-tools-and-how-to-decide