5 Best Business Intelligence Tools Trending Now for BI Analysis | Tips & Tricks
5 Best Business Intelligence Tools Trending Now for BI Analysis
Business intelligence tools are the best weapon of BI analyst who churn the data to make an intelligence business decision. Are you small, medium or a large enterprise? Are you business intelligence analyst? Are you digital marketing service provider or working with an organization looking for advance business intelligence software to understand the user behavior with the help of data? You are at right place.
This article is aim to showcase best BI (Business Intelligence) tools by considering various features and its pricing. Before I list out those tools, let me briefly explain what does BI (business intelligence) mean?
What is Business Intelligence?
Today in this vastly competitive market where business scenarios keep on changing, we require business intelligence technology that enables enterprises to convert raw data into useful data. Every enterprise wants to maintain details about their customers, employees, vendors, and suppliers. To manage these data in arranged form, business tools are required. These BI tools not only help the organization to maintain data but also help in keeping the budget, increasing profits and in improving the efficiency of the organization. Business intelligence analyst is the best job profile who can operates these BI tools and use their knowledge and expertise to convert these data into result driven decision making resources. Imagine maintaining records manually in registers would be so hectic; it would consume more time, more workforce and would also lead to duplication of work. Business intelligence tools does the same job with advance features at very limited cost.
Here are those tools providing enterprises business intelligence solutions along with data storage, and IT resources through cloud computing:
1. Tableau Software
Tableau software is a leading business intelligence and analytics tool helps brands to visualize and understand data in proper detailed and tabular manner. We can connect to multiple formats and servers in Tableau. You can share the data with your employees, business partners, suppliers, customers. Tableau software can also used for sorting data and compress valuable data which uses less space on your computer. If we talk in simple words, this BI software is like a blender it blends the complete data into useful data. If you become familiar with this tool, then you have just to open the tool, and you will understand the data easily and quickly. Data can be represented in different format like waterfall chart, histogram chart, Pareto chart, box plot etc… Tableau online certification courses are also available in the market which helps you to understand how to use different functions of this tool.
Now if we talk about pricing of Tableau software, it depends upon the package you opt for, there are four types of pricing options they are offering at the time of writing this blog post:
- Individual $35
- Professional $70
- On-Premises $35
- Fully hosted $42
This package mentioned is per month charges which are billed annually.
- Easy Data connection
- It is the right place to prepare our data
- Dual mode- Wireless and wired
- Easily you can make changes in data
- If you have technical skills then only you can use this tool
- Price is little high
- Professionals are require to work on it
Checkout more information about Tableau from this official Tableau video:
2. Power BI
Microsoft Power BI is one of the most popular interactive data visualization business intelligence tool these days. It helps users in creating and analyzing data properly on the desktop, pc’s or also can be download the app on your mobile to access the data from any part of the world. In this way, you can collect the data then arrange the data in proper order; you can also save and share the data like any other file. With Microsoft Power BI, you can open the reports in different views report view, data and relationship view. It helps you to get connected with various data and sources.
So, now in brief we would understand the working of this Microsoft power BI tool. There are two types of workspace in this my workspace where customer have personal space to work and other is app workspace where you can share the data with your colleagues with every workspace there are list of data sets listed accordingly, reports can be prepared and shared only owner or people with whom report is shared can make changes in the report. Dashboards are created to help people to be on the same page and can see information take decisions by using the same data in simple words it’s like a notice board. There is a workbook option where you can work or edit your workbook. There various navigation pane available which helps you to move between these reports.
- Price of Microsoft Power BI tool starts from $9.99 per user/month.
- Can connect and extract data from different sources
- Collaboration is easy
- On regular basis it publishes new tutorials
- If data is large software hangs many times
- It’s not easily adaptable
- Highly technical skills are required to use it or you need to hire business intelligence analyst for this task
If you are looking to try Microsoft power BI, just download at FREE of cost and start using now. You can also try power BI pro at free of cost for 60 days. Checkout brief information about Power BI now:
Qlikview business intelligence tool was founded in 1993 in Sweden, till date they have released over 7,8,9,10,11 version of their software. This tool is easy to learn and helps in presenting data in the different graphic form that allows the viewers to take decisions quickly and easily. You can collaborate with your colleagues and work you can also download the app and access the data wherever you want to. It helps in creating reports from different sources; it helps to understand the relationship between information easily.
If we talk about its working you can load the data from different sources, you can view existing data or file, if you want you can prepare reports using different graphs can also make changes in existing file if you have authority to do so. Users can develop various layers and transform the data easily. To learn in detail how to work on this tool tutorials are available online certification courses are also available. The main benefit of this course is that you can use it in both small scale and large scale organization.
- The pricing of this tool depends upon the package you choose which starts from $1350 to $1500 per user.
- Data can be imported easily.
- Complex data can be prepared using differed graphs and charts easily
- Non -technical users can also use it.
- Collaboration is not easy.
- Designs provided can be improved
If you are looking for enterprise level business intelligence tool, Qlikview can be your choice depending upon the budget and the feature requirements.
4. Micro Strategy
Micro strategy business intelligence tool helps the user to make reports, connect with other users on the dashboard, calculations, formatting reports etc. It has the feature of the mobile app, the software allows to store data so that clients all over can view the data and take right decisions. This BI software is easy to adapt with and to maintain it. One of the best things about this software is it’s cost-effective as it allows cloud services to combine with third-party hardware. If you are not sure whether you want to use this tool or not, company provides you trial kit where you can work on this software for the limited period and decide it fulfills your expectations or not. Online courses are also available which helps you learn about this tool in depth.
- Price of this tool starts from $600 per user/month
- It can work on large data easily
- Data can be shared with all over clients and employees
- Large data can be extracted from differed sources
- Time require for making changes is more
- Reports cannot be viewed on smartphones
- Not much user friendly.
If you are looking for a BI tool that easily process large amount of the data, you should consider testing Micro strategy BI tool.
A business tool which helps to gather data from different sources and produce a rich report for analysis, easily this report can be shared among your colleagues. If you are non-technical background, then this is a tool which eases to adapt with. If there is any question or doubt you can ask and get a quick solution to it. One of the best parts of this tool is report or data will be prepared only if it’s a new query or report overlapping of work will not take place. You can quickly update raw data with different graphs and tables and present the report for analysis.
- Flexible plans are available depending on the size of your company and work. The free trial plan is also open if you want to test the tool.
Below table will give you the overview of all the tools which will help to decide quickly which tool is best for your organization:
- Easy to extract different data
- User friendly
- Cost effective
- Graphics can be improved
- Slow when using large data
Sisense business intelligence tool is the best suited for the small or medium businesses with specific requirements. If you are a startup or an organization with limited technical knowledge, you can also try Sisense for business intelligence analysis.
Business intelligence analysis is the vast industry and there are all different types of tools available in market. Before you buy any BI tool, make sure you understand their offering and features carefully. I recommend going for a DEMO or sign up for FREE trial and use for couple of days. It can helps you to match the BI tool feature with your business needs and budget.
If you are already using business intelligence tool which is not listed in our list, write here by comment or email us. We would love to review them for our readers.