Top 5 Business Intelligence Software in 2023
What makes a BI product stand out from the rest? What features or functionality would you expect in a BI solution? Which product has the best pricing plan? Which product is best for your needs?
There are so many questions that arise when deciding on suitable BI software for your organisation. With the rise of the cloud, more BI software solutions on the market provide a complete, secure and easy-to-use solution to the needs of BI developers and users.
There are even solutions that provide both cloud and on-premise BI functionality. It is possible to have too many options available and choose the wrong solution, which is why it is critical to be aware of the features and functionality you need in your solution.
Before we discuss the top 5 Business Intelligence software in the market, let’s understand what BI software is and why we need them.
What is Business Intelligence Software? Why use them?
Business Intelligence Software (BI Software) is a suite of software products used for managing and analysing business data. BI Software includes data analysis, presentation, decision support, and marketing research tools.
This type of software is used by businesses to understand their customers, their businesses, and their industry. It can also be used to track performance and decide what changes to make.
To start, with the help of these technologies, anybody can now do data discovery, which was previously only possible with the knowledge of experts in advanced analytics.
Additionally, these technologies provide you with the information you need to accomplish goals like growth, deal with immediate problems, gather all of your data in one location, estimate future results, and much more.
Integrating many data sources, AI-driven data preparation and analysis, regulated data access, planned and ad-hoc reporting, and interactive visualisation are the main aspects of BI solutions.
Top 5 Business Intelligence Software
Professional BI tools and software provide several notable advantages; here, we’ll concentrate on the most important ones. These are:
SAP Business Objects
A business intelligence tool called SAP Business Objects provides in-depth reporting, analysis, and interactive data visualisation.
The platform places a lot of emphasis on areas like digital supply chain, ERP, customer experience (CX) and CRM. The self-service, role-based dashboards this platform offers are excellent since they let users create their own dashboards and apps.
SAP is a powerful programme with a wealth of features that are designed for all jobs (IT, end users, and management). However, the product’s intricacy does increase the price, so be ready for that.
- Ad hoc queries and a sophisticated BI enterprise reporting system created to support your entire business strategy are used for reporting and analysis.
- When you connect with SAP Business Information Warehouse (SAP BW) or SAP HANA, multidimensional data analysis enables you to filter and change data using real-time analytics.
- You may simply integrate this solution with Office by utilising Microsoft Excel with SAP. This allows you to examine bigger amounts of data and include analytics in PowerPoint.
A BI software called datapine allows you to integrate your data from many sources and analyse it using sophisticated capabilities (including predictive analytics and artificial intelligence).
With all of your data available, you may build an effective business dashboard (or multiple), produce pre-made or bespoke reports, or include smart alerts to be warned of objectives and anomalies.
The fact that datapine can be used for a variety of sectors, purposes, and platforms, regardless of size, makes this tool, which has received exceptional ratings of 4.8 stars on Capterra and 4.6 stars on G2Crowd, a strong option for enterprises of all sizes.
- Drag and drop interface that is simple.
- Utilising simple predictive analytics.
- several elements for an interactive dashboard.
- several alternatives for reporting.
- Artificial intelligence-based smart insights and alerts.
SAS BUSINESS INTELLIGENCE
Data scientists, text analysts, data engineers, forecasting analysts, econometricians, and optimisation modellers are just a few of the professionals SAS Business Intelligence caters to.
Since its founding in the 1970s, SAS Business Intelligence has steadily built and expanded its product line. This product has a respectable degree of user happiness and trust, with ratings of 4.2 on G2Crowd and 4.3 on Capterra.
- SAS provides a variety of BI solutions and technologies that are concentrated on interactive reporting and dashboards, collaboration, visual data exploration and simple analytics, and mobile apps.
- Text analytics, which allows you to analyse text data from sources like social media, is an intriguing aspect, as is location analytics, which integrates data in a geographical context.
- Like other technologies on our lists, dynamic graphics are arranged into interactive reports and dashboards, and you can view them on mobile and tablet devices (Android and iOS).
- With SAS’ Office Analytics solution, you can link the software with Microsoft Office programmes like PowerPoint, Word, SharePoint, and Excel and examine your findings right there.
ORACLE BUSINESS INTELLIGENCE
The goal of Oracle Business Intelligence is to offer organisations end-to-end solutions that will enable them to improve their performance and make quicker, more informed decisions using mobile technologies.
Oracle offers a comprehensive range of data management tools, including machine learning, artificial intelligence, and an integrated array of querying, reporting, and mobile analytics, among others. They have ratings of 4.2 stars on Capterra and 4.0 on G2Crowd.
Oracle’s purpose has been to give organisations the tools they need to effectively manage their data in a thorough and flexible manner ever since the company was founded in 1977.
- Gives consumers actual ad hoc capabilities simply.
- Dashboards that are tailored based on a person’s duties and identification and that offer interactive access to information.
- Through dashboards, emails, or even mobile devices, Oracle BI offers enterprises a customised warning system that allows for activity monitoring.
- Provides the ability to provide scalable reporting to safely and correctly transmit complicated information to stakeholders.
- This feature enables the integration of real-time intelligence into any business process by fusing rules and predictive analytics.
We now have Zoho Analytics on our list of BI products. Although the firm provides a wide range of products, including CRM, bundles, and applications, we will concentrate on their BI and analytics solutions since we believe they are the most pertinent to our issue.
This business intelligence reporting tool is one to keep in mind because it has more than 500 connectors for your company apps, more than 10,000 clients globally, a solid 4.3-star rating on Capterra, and a 4.2-star rating on G2Crowd.
- One of the key features is the ability to combine data from many sources and visualise it through reports and dashboards using a drag-and-drop builder.
- If you’re seeking analytics driven by artificial intelligence, Zoho has introduced Zia, an intelligent assistant that you can ask questions to in natural language and who will respond with reports and KPI widgets right away.
- You may allow real-time commenting on report components including charts, pivot views, tabular views, tables, and dashboards if you choose a shared view of your reports.
- Although they offer many more features than Excel, this type of analysis, which is intended for people familiar with Excel, will provide you with a familiar look and feel for analysis and reporting.
So these are the Top 5 Business Intelligence Software you can use per your Business requirements. We would recommend using SAP Business Objects, as it has been highly rated by the user. Keep visiting DigitalGyan for more such content.