A business intelligence (BI) software is a tool that collects, transforms, and presents data to help decision makers drive business growth.
In this article we will know about business intelligence software (BI), most popular ones and its feature as follow:
- The main work of a Business Intelligence
- The importance of business intelligence software
- Most popular business intelligence software
- Features of business intelligence
The main work of a Business Intelligence
The main job of a business intelligence is to collect and analyze data and then extract the necessary information from it to share with the right audience. The overall performance of the company is affected by the tasks performed by the business intelligence analyst.
Business Intelligence (BI) involves taking a comprehensive look at past, current and historical processes, data collection and business analysis.
Business intelligence can make use of technologies like MicroStrategy which basically brings you some very effective, high-speed dashboarding which can help you monitor current trending developments and even fathom more avenues for advanced productivity.
Then there are certain web-based analytical tools which actually aid in business intelligence because they deliver real-time reports, let users connect and brainstorm and even work with top-notch visualizations to make your job easier.
If we scroll to the bottom, we can easily understand the work of a business intelligence analyst with the help of the following tasks:
- Collection of available business intelligence data
- Store data in an organization's database
- Data Set Analysis
- Benefiting from the results of the analyzed data 5. Preparing analytical reports to facilitate their understanding for non-technicians
The importance of business intelligence software
Business intelligence helps medical companies identify opportunities that can help them gain more credibility among their customers or patient base; Of course, a medical institution can not only be commercially driven, but actually need to demonstrate its commitment to the well-being of its patients.
Hence, it is important to get acquainted with the service or form of medical assistance that is appropriate for each patient; With the help of an existing database, medical organizations can already operate at their own risk and have returning clients, who may also recommend a specific practice to their families or co-workers.
There is a decision-making process involved here too, with the assistance of business intelligence, you can categorize patients according to their needs, whether primary care or high-end needs, and care services that are appropriate for them.
For example, if two people from the same family go to one medical establishment, business intelligence can actually help the company identify opportunities or packages that they will like.
Most popular business intelligence software
Here are the most popular intelligence software currently available for business:
1. Zoho Analytics
Zoho Analytics is a self-service business intelligence and analytics platform. It allows users to create insightful dashboards and visually analyze any data in minutes.
Features:
- Over 100 ready-made connectors for popular business applications, cloud drives, and databases.
- Variety of visualization options - charts, pivot tables, summary views, KPIs widgets, and custom themed dashboards.
- Unified Business Analytics to analyze data across business applications.
- Enhanced analytics using artificial intelligence, machine learning, and natural language processing.
- White label business intelligence portals and embedded analytics solutions.
2. Mention
Mention enables brands and agencies to leverage media monitoring and social media in order to increase brand awareness.
By tracking a brand, competitor, or industry topic - our platform allows customers to compare and analyze online conversations, as well as create content based on important social and web insights.
Features:
- Pin-point important conversations. Easily monitor over 1 billion sources across the web daily, including press articles, review sites, forums, and blogs.
- Listen and make sense of posts across social media. Uncover trends in conversation, filter and analyze data from Twitter, Facebook and Instagram.
- Connect with your audience across social media and grow your online presence. Easily draft, schedule, and publish posts from multiple channels.
- Mention’s superior listening capabilities have helped over 4,000 enterprise clients such as Spotify, Airbnb, MIT, and Microsoft to improve their communications and marketing strategies.
- They’re on a mission to help companies make smarter business decisions based on relevant social insights.
- With over 750,000 users worldwide in 125+ countries, there global solution is managed by a team of over 60 people based in Paris and NYC who continue to innovate there product and it’s offering, to meet the needs of fast-paced industry.
3. Databox
Databox can build dashboards and track performance from everywhere and connect your data from any tool and track it from any device.
No more logging into dozens of different tools to understand performance.
you and your team can easily connect your data, build and share reports, monitor trends, and discover insights.
Features:
- Databox is just easier to use.
- Easily track thousands of metrics from all of your tools
- More than dashboards
4. SAP BI
SAP BI is an integrated Business Intelligence software.
It is an enterprise level application for open client/server systems.
Features:
- It provides highly flexible and most transparent business solutions
- The application developed using SAP can integrate with any system
- It follows modular concept for the easy setup and space utilization
- Allows to create next-generation database system that combines analytics and transactions
- Provide support for On-premise or cloud deployment
- Simplified data warehouse architecture
- Easy Integration with SAP and non-SAP applications
5. Clear Analytics
Clear Analytics is an accurate, clear and timely system of business insights. This business intelligence tool helps meet the needs of the business.
This BI tool offers easy extraction of big data from trusted sources and presents it in the form of professional reports.
Features:
- Provides software solutions that require less human resources
- Create Dashboard
- Display graphic data
- KPIs
- An easy statement of issues
- Helps to establish strategic planning
- Provides predictive analysis
Features of business intelligence
- Business intelligence software ingest and transform large amounts of structured and unstructured data from diverse sources and help derive actionable business insights from the data.
- It collects and processes large amounts of unstructured data from internal and external systems, including books, journals, documents, health records, photos, files, email, video, and other business sources.
- While not as flexible as business analytics tools, business intelligence tools provide a way to stack data to find information primarily through queries.
- These tools also help prepare data for analysis so that you can create reports, dashboards, and data visualizations.
- The results give both employees and managers the ability to accelerate and improve decision-making, increase operational efficiency, identify new revenue potential, identify market trends, report on true KPIs, and identify new business opportunities.
- The best business intelligence platform makes it easy and simple to get insights from data to connect with stakeholders, using business intelligence tools.
- This is especially important when modern businesses can now collect data about every aspect of the business, from sales and marketing, to workflow and productivity, to hiring and human resources, to overall performance and profitability.
Most importantly:
The best business intelligence software will be driven by the visualizations you can share with stakeholders, to help communicate sometimes complex stats like easy to understand charts and graphs.