Best Business Intelligence Software to Grow your Business in 2023
Drive your business to success with BI tools at your disposal. The apps in this article are shortlisted because of their efficiency, performance, popularity, and features.
Business Intelligence arms companies with rich data resources that help them achieve their short and long-term goals and targets. These tools help extract crucial facts from unstructured data acquired from multiple sources and transform them into actionable insights that enable businesses to make informed strategic decisions, improving operational efficiency and productivity. Business intelligence software companies are leveraging new-age technologies like AI and ML to ensure maximum efficiency with automation.
There are hundreds of business intelligence applications available in the marketplace. However, to get hold of the best and save you ample time, we’ve created a detailed report on the top 10 business intelligence software that gives your business a competitive edge and ensures long-term success in the future.
Best Business Intelligence Software in 2023
Tableau
Tableau is an integrated business intelligence software and analytics solution that helps to analyze key business data and generate meaningful insights. The cloud business intelligence software easily integrates and collects data from multiple sources like spreadsheets, Google Analytics, Salesforce, and SQL databases to create a comprehensive collective dataset.
The tool offers a live visual analytics dashboard that allows slicing and dicing datasets for generating relevant insights and new opportunities. Adding on, the software can be easily customized to cater to different industries' requirements. Users can view and analyze data on their smartphones with Tableau's mobile BI software application.
Key features of Tableau
- Real-time analytics with efficient UX
- Role-based permissions
- Querying in natural language with ask data
- Mobile accessibility
Looker
The next in our list of top 10 business intelligence software is Looker. It is a highly efficient BI and analytics tool widely known for its products LookML, Looker API, and LookML dashboard. The tool is best for companies with an existing analytics team. The tool can define data and perform multiple processes like combining, drilling, and analyzing that data in real-time in dashboards and reports. Also, you can use the natural language to build your own custom reports.
Key features of Looker
- BI and analytics platform
- Efficient reporting
- Customized dashboards
- SQL support
QlikView
QlikView is among the best business intelligence software trusted by huge corporations like Cisco, KitchenAid, etc. The powerful solution offers user-friendly interfaces and flexible customization to meet your business requirements irrespective of industry type. The standout feature like Qlik’s Data Literacy Program helps ensure that every stakeholder in the organization is involved in business intelligence and understanding reports. The other products offered by Qlik are Qlik Sense and Qlik Sense Enterprise.
Key features of QlikView
- Geo analytics enabled
- Data integration and warehousing
- Analytics platform
- Integrated API
Birst
Birst aka Infor Birst is among the top 10 business intelligence software best suited for enterprise-level businesses. The BI and analytics solution offers a very friendly user experience for end users and developers. Also, the tool is loaded with API that allows you to integrate other tools and automate tasks. The Birst analytics provider focuses on role-specific content and metrics to power business intelligence in the enterprise. The standout feature of Birst is it provides agility and governance, allowing centralized and controlled data while remaining nimble.
Key features of Birst
- Business intelligence and analytics
- Efficient reporting and dashboards
- Data lakes and AI-powered
- Multiple data source points
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GoodData
GoodData is among the top business intelligence software trusted by reputable venture capital groups globally. Moreover, it’s one of the best business intelligence software for small businesses as it's a highly flexible and easily scalable data analytics solution that offers predictive analytics. The tool offers powerful BI features best suited for industries like retail, finance, ISV, and insurance.
The BI software offers high security and privacy features that meet requirements for SOC2, HIPAA, GDPR, and ISO 27001.
Key features of GoodData
- Data warehousing
- KPI tracking and management
- User-friendly design
- Support API
Hubble
The next in our list of top 10 business intelligence software is Hubble, a powerful BI, and analytics software. The software integrates all your business systems allowing users at all levels to access data that automates planning, budgeting, and forecasting. The tool offers predefined templates, customizable dashboards, metrics tracking, and key performance indicators supported by ERP solutions. With Hubble, you can easily automate the operational and financial processes of the organization.
Key features of Hubble
- Real-time value of data
- Reduces budget and planning cycles
- Simplified reporting process
- Tracking key metrics
MicroStrategy
MicroStrategy is a robust cloud business intelligence software that is widely known for its products, MicroStrategy Web, MicroStrategy Intelligence Server, and MicroStrategy Analytics. The tool allows you to build powerful dashboards that can process data from over 200 sources. The software has the best business intelligence tools, such as the Hyperintelligence function, which possesses strong automation capabilities. Moreover, it offers complete data governance features along with strong security and generates highly rated reports and visualizations.
Key features of MicroStrategy
- Hadoop distributed file system
- Cloud platform
- REST APIs
- Detailed analysis and reporting
Domo
Domo is a cloud business intelligence software that offers a suite of the best business intelligence tools tailored for enterprise companies with a higher revenue stream and customer bases. The most well-known products Domo offers are Domo business cloud and Domo Data Science. The software allows you to access insights from anywhere and offers over 500 data connectors. Its own application store allows you to plug-in applications and displays analytic insights specifically customized for your industry domain.
Key features of Demo
- Powerful dashboard capabilities
- Rich and powerful feature set
- Data importing and ingestion tools
- Reporting and visualizations
Microsoft Power BI
Microsoft Power BI is among the best business intelligence software that is consistently recognized as top-of-the-line. The tool supports self-service analytics powered by AI and ML, best suited for business users and data scientists. Microsoft Power BI offers flexible plans for businesses of all sizes and intelligence with your Microsoft office tools. Microsoft Power BI is the answer to your questions, like which business intelligence software do you recommend and why? The standout feature of Microsoft Power BI is its ability to source results from hundreds of data connection sources, multiple cloud, and IoT devices.
Key features of Microsoft Power BI
- Automation features
- Pre-built dashboards with real-time reports and visualizations
- Strong governance features
- Robust data ingestion and connection capabilities
Oracle BI
Oracle BI is a fine example of business intelligence software in the marketplace. The software handles 360 data processing and reporting through a series of processes, including data ingestion, modeling, data preparation, enrichment, visualization, and collaboration. The software includes embedded ML and AI, offering a strong natural language search functionality. Moreover, you can integrate it seamlessly with other products such as Oracle ERP, Netsuite, and more. The platform supports mobile BI software allowing users to access data reporting from anywhere.
Key features of Oracle BI
- 50+ data connectors, including Java database
- Supports mobile devices and scalability
- Strong ML capabilities
- Robust data ingestion and connection capabilities
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Conclusion
Investing in BI software can be a game-changer for any given business as these tools are capable of identifying trends and opportunities that otherwise are impossible to spot yourself. Businesses can utilize this software not only as a standalone tool but as a key component within their existing business infrastructure. These tools can help achieve both short and long-term goals like improving individual employee productivity, making more sales, and getting higher profits.
Connect and learn more about the best business intelligence companies to understand what BI tool best suits your organization. Make sure to finalize your business intelligence software only after ensuring your core business requirements match the usability of the shortlisted software.
She is an avid writer of technology and trending mobile apps. When she is not busy updating you about the tech world, she spends time reading books and playing guitar.
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