Do you ever feel like your business could be doing better if you just had more information? Are you tired of sifting through data that are spread out across different software platforms and trying to make sense of it all? If so, you may need a business intelligence platform. BI platforms are designed to collect and organize data so that you can get a clear overview of your business performance.
In this guide, we’ll explain what bi platforms are, how they work, and the benefits they can offer your company. We’ll also provide an in-depth comparison of the top bi platforms on the market today. So whether you’re considering investing in a BI platform or are just curious about what they can do, read on!
An Overview of BI Platforms
Bi platforms are on their way to revolutionizing the business realm. Adding convenience and accuracy to business processes, these platforms are all set to rule the business world. Let’s take a quick look at what bi platforms are all about.
What are BI Platforms?
With the BI platforms overtaking most business operations, the question “what is a business platform?” often lingers around. Let’s answer it once and for all today.
What is a business platform? A business intelligence platform is a type of software that helps organizations to collect, store, access, and analyze data. This can include data from internal sources, such as financial records and customer data, as well as external sources, such as social media and market research.
By providing users with easy-to-use tools for accessing and analyzing data, a bi platform can help organizations to make better decisions, improve operations, and gain a competitive edge. There are a variety of different types of BI platforms available on the market, so it is important to choose one that meets the specific needs of your organization.
Ascend Analytics offers a business intelligence solution that leverages data sets to give your organization a competitive advantage over its competitors in the marketplace. By signing up for Ascend Analytics’ services, businesses can make much quicker and more accurate decisions than other organizations. Not only do we provide a business intelligence solution that easily integrates with your business operations but also assist you throughout your buying process.
How Do BI Platforms Work?
Bi platforms give organizations a better understanding of their data.
- Step 1: The first step is to collect data from multiple sources, including transaction records, customer surveys, and social media posts.
- Step 2: This data is then stored in a central repository, where it can be organized and analyzed.
- Step 3: The next step is to create models that will help to identify patterns and trends in the data. These models can be used to generate reports and dashboards that provide insights into the performance of the business.
- Step 4: Finally, the business can use these insights to make better decisions about strategy and operations.
By using a bi platform, organizations can gain a competitive advantage by making better use of their data. In short, BI platforms help organizations to make better decisions by providing them with the data and information they need to make informed decisions.
Why Does Your Business Need a BI Platform?
Now that you know what are BI platforms, it is highly important to understand why your organization needs to adopt one as soon as possible. Here is a list of benefits offered by BI platforms.
1. Data Centralization
BI platforms offer many benefits to companies that adopt them. Perhaps most importantly, they provide a centralized repository for data that can be accessed by all members of an organization. This data can then be used to generate reports and analytics that can help inform decision-making.
At Ascend Analytics, we acknowledge that heaps of data enter an organization daily. We gather data from multiple sources to generate business intelligence reports for our clients. No matter where your dataset is present, we bring it to our centralized database.
2. Data Visualization
In addition, BI platforms often include tools for data visualization, which can make complex data sets more understandable and easier to work with. After data centralization and mining, Ascend Analytics transforms data into easy-to-understand visualizations.
By partnering with Ascend Analytics, you can make business intelligence solutions available to every technical and non-technical employee as our visualizations are comprehensive and inclusive.
Finally, business intelligence tools typically offer a high degree of flexibility, allowing companies to tailor the platform to their specific needs. Our business intelligence solutions are specifically customized according to the user’s requirements. Contact us today and share your detailed requirements with us to set up a BI solution for your business needs.
As a result, BI platforms can provide significant advantages to organizations that implement them.
Challenges Faced by BI tools
We are now familiar with what are BI platforms and the benefits of opting for one, however, there are some challenges associated with such platforms. Anthony Scriffignano, senior vice president and chief data scientist at Dun & Bradstreet, noted that “data is the new oil” in a recent Forbes article.
It is no secret that data has become increasingly important in recent years, as businesses have become more reliant on technology to make decisions. However, there are several challenges that BI platforms face.
- First, data volumes are growing at an exponential rate, making it difficult for platforms to keep up.
- Second, data sources are becoming more varied and complex, making it difficult to integrate all of the data into a single platform.
- Finally, users are becoming more demanding, expecting platforms to be easy to use and provide instant results.
As a result of these challenges, business intelligence platform vendors must continually innovate to stay ahead of the curve. Ascend Analytics keeps the client’s feedback in mind and consistently innovates its services to cater to new requirements.
Best Business Intelligence Platforms 2022
Take a look at our curated list of best BI platforms available in the market and choose the one that meets your needs.
Any business that wants to stay competitive needs to make data-driven decisions. That’s where Ascend Analytics comes in. Ascend Analytics is a leading business intelligence platform that helps businesses to make better decisions, faster. The platform provides a comprehensive set of features that allow businesses to gain insights into their data, including advanced visualization and reporting, predictive analytics, and real-time dashboards. Ascend Analytics also offers a wide range of integrations with other business applications, making it easy for businesses to get started with the platform.
But perhaps the most compelling reason to choose Ascend Analytics is its focus on customer success. The company offers a dedicated team of account managers and customer success specialists who work with businesses to ensure they get the most out of the platform.
It’s one of the best BI platforms in the market. By gathering market data and translating it into actionable insights, Ascend Analytics’s business intelligence services deliver powerful business insights.
Along with all the above-mentioned specifications, we help you identify the latest trends so that you can stay ahead of the curve. We align your resources with the strategies by conducting data-driven analysis.
Solutions offered by Ascend Analytics’ BI Solution
- Data gathering and cleansing
- Data mining
- Data visualization
- Achieving casual usability
With so many unprecedented features offered by Ascend Analytics, you’ll have the fuel you need to make smart, data-driven decisions that will keep your business moving forward. Instill a competitive approach to your business decisions through our BI platform.
Contact us today for more information and customized quotations.
Another leading business intelligence platform present in the market is Tableau. It offers a wide range of features that make it an ideal solution for organizations of all sizes.
- The platform enables users to easily connect to data sources, including relational databases, OLAP cubes, and flat files. Once data is connected, users can then create a variety of visualizations, including tables, charts, maps, and dashboards.
- The platform also offers several features that make it easy to share visualizations with others, including the ability to embed visualizations in web pages and email messages.
- In addition, the platform provides support for a wide range of third-party add-ons.
As a result, Tableau’s business intelligence platform is a powerful and flexible solution that can meet the needs of even the most demanding users.
Domo is one of the best business intelligence platforms that offer a variety of features to help businesses make better data-driven decisions.
- Domo’s visualizations and dashboards are designed to give users a clear picture of their data, and the platform also offers a variety of tools for analyzing and mining data.
- It also gives users the ability to share data and insights with others and to collaborate on data-driven projects.
- In addition, Domo provides access to a wealth of third-party data sources, allowing businesses to get the most out of their data.
Overall, Domo is an extremely powerful business intelligence platform that can help businesses take their decision-making to the next level.
Now that you are aware of all the details, features, and requirements of BI platforms, it is time to integrate a business intelligence solution into your organization’s system. If you are looking for a comprehensive business intelligence platform that can fuel your growth, sign up for Ascend Analytics. With our platform, you can easily connect to your data, uncover trends and insights, and create reports and dashboards that help you track progress and performance. Contact us today to get started on your path to success!