In the age of technological progression, business intelligence platforms can help you comprehensively view your organization’s data and use that data to drive change, eliminate inefficiencies, and quickly adapt to market or supply changes. More than 46% of small businesses use business intelligence platform tools’ virtual networking features as a core element of their business strategy.
Identifying patterns, enabling self-service analytics, leveraging powerful visualizations, and providing professional BI dashboards are becoming the norm in corporate operations, strategy development, and, ultimately, critical tools for improving profit. Companies now have access to more data-driven tools and tactics than ever before, and not many are taking advantage of them.
Today, we’ll look at the best Business Intelligence platforms and why it’s so essential for your company’s success and survival.
How Business Intelligence Platforms Work
Small and large businesses alike can reap the rewards of business intelligence. When it comes to keeping tabs on your business’s data and being in the know, BI is the way to go. We’ve put together a list of business intelligence platforms that will make your data management and discovery straightforward to use and keep your data secure. We guarantee higher productivity and, thus, increased revenues.
1. Ascend Analytics
By leveraging the power of data, Ascend Analytics Business Intelligence platform can help you make informed decisions that will empower your business. Offering various BI solutions that can help you integrate data into your operational processes and drive holistic insights. Their solutions allow you to forecast, optimize, and craft custom reports. Other features and benefits include:
- Artificial intelligence
- Machine Learning
- Data Warehousing
- Data Analysis
- Predictive Analytics
- Predictive Modelling
- Data Mining
- Data Visualization
Many people find data analytics overwhelming, but Ascend Analytics’ basic yet powerful capabilities make it a tool that can be utilized for a wide range of purposes. Thanks to Ascend Analytics’ economic pricing, you can explore what the Business Intelligence platform can do for your company before committing.
With our help, you can make better, faster decisions that will give you a competitive edge. Contact Us Today to learn more about our services.
2. Datapine
Datapine is a business intelligence platform that allows you to link data from numerous sources and analyze it using advanced capabilities (including predictive analytics and artificial intelligence). You can create a sophisticated business dashboard (or several) with all of your data, generate standard or customized reports, and add intelligent alerts to be warned of anomalies and targets once you have all of your data.
Datapine can conduct Advanced SQL queries and visualize them in seconds. Their dashboards are simple and quick to create, and they have a variety of graphing options. Daily, we need to represent a lot of complex data, so being able to add a secondary axis or combine several chart types into one was a huge plus.
There is no initial setup price because the solution is hosted in the cloud. Datapine allows you to add more users and storage capacity for a fee. Create, edit, and share dashboards, add data sources and run ad-hoc queries with an additional user.
3. Zoho Analytics
Look no further than Zoho Analytics for affordable self-service business intelligence (BI) platforms that can produce high-quality data visualizations. Users of any experience level should have no problem utilizing the product’s features because of its user-friendly user interface (UI). Zoho Analytics is a stand-alone program that does not rely on the rest of the Zoho Suite. As a result, Zoho has gone to great lengths to link its apps with each other, both simple and valuable, with a straightforward integration procedure and shared workspaces, toolbars, and other capabilities.
It’s also a fantastic tool for expert users and businesses. When it comes to graduating beginners to more complicated queries, it falls short; however, if the user has the time and drives to learn more, you can overcome it thanks to its superior user support.
4. Domo
Domo is a business intelligence solution that consists of many systems, starting with data connectivity and ending with data extension through pre-built and custom apps from the Domo Appstore. Domo is compatible with R or Python scripts to prepare data for predictive modelling in data lakes, warehouses, and ETL tools. You may integrate data throughout your company, apply machine learning and artificial intelligence skills, and allow users to explore the data independently, much like other tools.
Domo is not designed for newbies because the learning curve might be steep; however, they provide training, so be ready to learn. Their pricing models aren’t transparent, but based on the facts on the internet, you can conclude it’s the most expensive option on our list.
5. Tableau
Hundreds of businesses worldwide use Tableau, and part of the reason for its high ranking on our list is its excellent visualization. Data visualization can accomplish many things, which is crucial for many businesses. As a business intelligence platform, this product is widely utilized. Tableau allows you to connect many systems or systems for multiple data sources, making it a valuable tool to connect several systems or a bevy of systems for numerous data sources.
One issue is that the cost structure is relatively high; it will cost you more than some competing systems. Second, the price is relatively rigid; in terms of the types of licensing we can negotiate for our clients, we discovered that tableau is more challenging to deal with and less willing to grant price cuts.
6. Sisense
Sisense advantages include being highly customizable and tailored to meet the needs of business requirements; it’s also a truly innovative product in the BI space; and it has an excellent solid architectural style, making it a perfect option for integrating with other solutions and tying together various data sources across multiple platforms.
The biggest issue is the huge learning curve, characteristic of more robust and complex technologies, but that is the price you must pay for such reliability and complexity. Furthermore, the product must be run on a Windows server to be supported. This may or may not be a problem depending on the state of your business or the architecture of your back office.
7. SAS Analytics
Compared to some other BI tools in our rating, SAS Analytics is a straightforward and intuitive program. This isn’t just for making visual representations and reports. The product’s data security is also perfect, so SAS is an excellent option if you seek to properly lock down data and ensure that you govern and control the dissemination of info and who can view what. There’s also a wide range of tried and accurate algorithms.
This is one of the most expensive options available on the market. As a result, SAS is typically more costly than other systems on the market. SAS isn’t the best tool for turning qualitative text into a graphic, report, or analytic.
8. Oracle EPM
Oracle has long been strong in the business analytics field, dating back to its acquisition of Hyperion, a popular business intelligence solution, and it has remained dominant ever since. Thanks to corporate performance management, they’re as strong as ever now, and this is a product that larger businesses use regularly.
Compared to other systems on the market, there is very minimal downtime. Because it’s a complete business intelligence solution, it integrates seamlessly with Oracle’s core cloud ERP system and other Oracle products like CRM and supply chain management. It also works well with non-Oracle products, although the Oracle cloud ERP solution is the best business intelligence consulting overall.
9. SAP Analytics Cloud
SAP Analytics Cloud offers a single cloud platform including BI, augmented and predictive analytics, and planning. For SAP’s Business Technology Platform, the solution acts as an analytics layer. It’s intended for both line-of-business and data science users. It uses machine-generated insights and analytics to link and constructs operational and financial plans and provide deeper insights.
As a result, it can incorporate and integrate data from various sources, especially if you have any legacy systems or systems that aren’t part of your core company technology. Finally, compared to other systems on the market, it provides a reasonable amount of versatility. As a result, it is an excellent option.
10 Microstrategy
Microstrategy has very extensive dashboards, making it simple to provide the dashboard capability you may require. You can also integrate data across your organization, especially if you’re a multinational with multiple business units and locations, giving you a consolidated view. It also offers real-time data analytics, allowing users to examine data.
The license fee is relatively pricey compared to other options on the market. As a result, it will be the most costly and one of the most expensive plans. Versions are incompatible, making it tough to train and deploy across your entire firm. Suppose you’re updating to a newer version or using different versions in different parts of your business. Finally, the vendor’s development support is lacking compared to some of the other systems on the market.
Conclusion
Big data is all around us, and it’s getting more every year. With these solutions’ multiple features, you stand to reap enormous dividends by employing BI and business analytics tools. Your data management will become more coherent, reliable, agile, and predictable. We wanted to make it easier for you to think about the best business intelligence consulting tools. We hope that our detailed reviews of each product will encourage you to look into business intelligence platforms and find the most excellent fit for your organization or department.