“We are living in a booming knowledge economy where data is the real fuel” – although an overused statement now is going to stay relevant until organizations realize what to do with the burgeoning amount of data.
Yes, every day, huge volumes of data are being produced across industries making organizations look for solutions that can enable them to manage and use it wisely. And their search ends in business intelligence software. These are the solutions that are not only helping organizations address their data management-related challenges but also take strategic business decisions – without investing in massive IT infrastructure.
Upgrade Your Enterprise Analytics With Business Analytics Software
2.5 quintillion bytes. Yes, that’s the amount of data generated all over the world. Imagine the power a company would wield if it successfully tames its huge enterprise data and analyses it to the last bit. A company with a solid data analytics culture knows itself and its customers from the inside out. Such a company can face any change of trend, any downturn confidently. Enterprise data analytics is the lifeline of today’s businesses. All the big businesses out there know this for a fact. Nissan uses Tableau to democratise data analytics, Heathrow Airport uses Power BI to analyse complex flight schedule data, and Volvo uses Qlik. In the FMCG sector, Nestle, Whole Foods, Coca Cola- all use one or the other business analytics software to make sense of their huge enterprise data and gain actionable insights from it.
The Role of BI Tools in a Gist
Business intelligence unveils several ways to process data and gain information through queries. These tools also help BI professionals develop dashboards, data visualizations, and reports before data analysis. All these outcomes lead your employees and team to pinpoint upcoming revenue potentials, make improved decisions, identify the latest growth opportunities, interpret market trends, enhance business efficiency, and more.
Top 5 Best Business Analytics Software
It becomes easier to make decisions when you are well-informed. So, here’s a list of some of the most popular and efficient BI tools you can implement in your business. These tools plays an important role in better business decision making, and in business growth.
Tableau is a well-known business analytics tool that companies of almost all sizes use. It can work with individual analysts, teams, and organizations hassle-freely. It comes with rich visual analytics features that could save several hours of work time and bring you actionable insights sooner. This tool can integrate with various data sources and enables connecting to the on-premise as well as cloud data.
Alteryx is an ETL (Extract, Transform, Load) system. It has been designed to extract, transform, and load huge chunks of data from various sources. It is designed to be used by BI analysts, but it works well with most databases. The ETL process allows us to engage with data efficiently and not waste time on manual and repeatable processes. Its intuitive and scalable UI helps users to learn it fast and utilize its diverse and flexible data discovery and management tools to access dozens of data connectors in the best possible way.
Power BI has been developed by Microsoft. It is popular for its faster business data exploration capacity, thereby facilitating quicker and more informed decision-making. It can connect to 90+ data sources leveraging users to prepare data for analysis much more easily and quickly and create custom data analysis models. It also offers smart visual representation, AI-assisted visualizations, custom visuals, and choose from 100+ visuals created by the community.
Oracle Business Intelligence is popular for its comprehensive overview of metrics, statistics, and dynamics of various parameters. This feature of keeping all insights in one place is great for the managers and stakeholders and helps them is faster decision-making and finding business answers. Business teams can use its pre-built functions or create their own data sets and blend corporate and local data to obtain more valuable insights.
IBM Cognos Analytics
IBM Cognos Analytics is a cloud-based BI software. It utilizes AI recommendations to create reports and dashboards. It also comprises geospatial capabilities and advanced analytics for overlaying your data with the physical world. This tool has an AI assistant to enable you to communicate with the software in plain English.
Give Your Best Shot with Paginated Reports
The size of enterprise data is increasing with every passing ‘data.’ Even a mid-sized organization now generates so much data that traditional spreadsheet software can’t handle. Business intelligence software is not an optional tool for a company. In the era of business intelligence and data visualization, the importance of creating reports that are both informative and visually appealing is immense, and paginated reports are the perfect solution to achieve that. With their powerful features and versatility, paginated reports can help you take your reporting game to the next level and leave a lasting impression on your target audience.