As the rise of big data continues, more and more companies are starting to use business intelligence tools to gain an advantage over their competitors. It’s not just limited to the big companies, as even SMB businesses are now using BI tools.
If you’re interested in incorporating a BI tool for your business, here’s why you need one. Furthermore, we also compiled some of the top options in the market that you might like.
Why Use BI Tools?
Here’s the thing, while data analysts can use all of their expertise in discovering trends and finding little ways to gain incremental advantages over competitors, they might inevitably miss out on some things.
When struggling to find insightful information when analysing data, BI tools can help you see trends and understand them. Furthermore, BI tools can provide more insights using your data, giving you something to think about.
But, with the rise of big data, many BI tools have come from nowhere. With so many options, it’s tough to choose the right tool that will help you achieve business goals.
Microsoft Power BI
If what you need is a powerful web-based BI tool with excellence in data visualisation, then Microsoft Power BI is right for you. Also, while it’s web-based, Power BI can work on data both from local and cloud sources, making it a flexible tool.
You can also use Power BI to view trends as they happen in real-time so you can make the right decisions immediately. Another great thing about Microsoft Power BI is it’s web-based; you can access it anywhere as long as you have a working internet browser and internet connection.
With its flexibility and data visualisation capabilities, there are many Power BI storytelling examples that you can look at to see how good this tool is.
SAP Business Intelligence
One of the most popular BI tools, SAP Business Intelligence’s strength is its advanced data analytics features like machine learning, analysis, hybrid analytics, and even predictive analytics using real-time data.
It’s also a suitable platform for your other BI tool needs, as it’s equipped with features that can help in customer relationship management (CRM), enterprise resource planning (ERP), HR, and other areas.
SAP Business Intelligence is also easy to use when you need to present your findings, as it comes with built-in Office integration with Excel and PowerPoint.
SAS Business Intelligence
Rather than being a BI tool software, SAS Business Intelligence is a set of software solutions that solve many problems in different areas.
Its strength isn’t actually in business intelligence; but rather in predictive analytics, but it’s still a good BI tool. It’s easy to use and makes data easier to understand so you can make the best data-driven business moves.
Domo
Another cloud-based BI tool, Domo is known for data visualisation, as it makes data easy to access and understand with the use of its well-known intuitive dashboard.
Furthermore, it’s also flexible enough to work in various industries, as the application’s business intelligence tools were designed to be applicable even for varying industries and personnel roles.
While Domo uses AI and machine learning, the good thing with Domo is it still leaves freedom for users to work on data without interference.
Wrapping Up
With these top 4 BI tools, we hope that you can have an easier time picking the right software for your needs. If you’re interested in using Microsoft Power BI for storytelling with data, we recommend consulting with a team of data experts who can provide you holistic services and not just Power BI storytelling examples. Business intelligence tools are really powerful, especially when used by real-world financial experts.
