Tools for business intelligence and analytics are distinguished by user-friendly functionality that allows a full analytic workflow, with a focus on self-service usage to help users make better decisions in the simplest way possible. Analytics has become a catch-all word for a wide range of business intelligence (BI) and application-related projects. BI is an umbrella word comprising applications, infrastructure, and tools, as well as best practices, that provide access to and analysis of information in order to improve and optimize decisions, decision support, and performance.
Some of the most successful companies use BI systems at every level of decision-making, from strategy to everyday operations, in order to gain a competitive advantage based on useful information. Companies that want to work smarter in today’s data-driven environment are investing in strategies to better manage and comprehend the abundance of information.
With the help of business intelligence, firms can keep track of trends, adjust to changing market conditions, and make better decisions across the board. In certain cases, firms are looking to obtain insights into consumer purchasing, while in other cases, companies are looking to improve employee productivity or see who the greatest performers are. The definition of these goals is what helps businesses select the right business intelligence tool for their unique needs.
Business intelligence technologies come in extremely handy when it comes to helping companies eliminate inefficiencies, discover possible problems, locate new revenue streams, and identify areas of future growth since they speed up information processing and performance review. Below you can find a short list of the most popular Open Source and Commercial BI Tools, that might come in handy for your project.
Open Source BI Tools
Apache Superset is an enterprise-ready web application for business intelligence.
BIRT is one of the best BI tools for reporting that can collect and aggregate data from a variety of data sources
Cluvio is a cloud-based business intelligence and analytics system that allows companies to evaluate data via a dashboard.
Databox is a cloud-based business analytics solution that enables users to build custom analytics dashboards that incorporate data from numerous sources and can be accessed from any device.
KNIME is an open-source data analysis platform that allows data scientists to create and manage visual data analytics workflows.
Commercial BI tools
Domo includes data apps, self-service analytics, automated reporting, and embedded analytics.
Oracle Analytics Cloud is a unified platform that enables your entire business to ask any question of any data—in any environment, on any device.
Power BI is an analytics software that analyzes company data and shares insights through beautiful representations.
Qlik is a third-generation analytics platform that enables everyone in a company to make data-driven decisions.
SAS Visual Analytics is the company’s flagship product for self-service data preparation, visual exploration, interactive reporting, and dashboards, as well as simple analytics.