Top 5 BI Tools to use in 2022
What are Business Intelligence tools?
Before reading about the various Microsoft Business Intelligence tools and techniques, let’s try to answer an important question: ‘What is a BI tool?’ or ‘What do BI tools mean?’
A BI tool is application software that collects and processes large amounts of data from internal and external business sources such as journals, books, documents, files, emails, images, videos, etc. However, these tools may not be as flexible as Business Analytics tools. They offer several ways of processing data to obtain information using queries. In addition, these tools allow BI professionals to prepare data before analyzing it to develop dashboards, reports, and data visualizations.
This leads to a result that offers all employees of the organization the ability to make better decisions, determine upcoming potential revenues, identify the latest growth opportunities, increase business efficiency, interpret market trends, and more.
Let us now understand why these tools are necessary and then learn about the different types of Business Intelligence tools.
Why are BI tools used?
BI tools are generally used to query and report data but can also combine a large set of data analysis applications. These applications include data visualization software using various tools and graphs to create performance scorecards and dashboards, displaying KPIs and business metrics. Additionally, these easy-to-understand visualizations allow professionals to bring relevant data to life and make sense of it.
The Advantages of Business Intelligence Tools
Business intelligence tools have various advantages that vary from strategic to tactical and even operational. Today, let’s look at some significant benefits of Business Intelligence Tools.
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Faster analysis, intuitive dashboards
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You can get trusted and governed data
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Increased organizational efficiency
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Help to make data-driven business decisions
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Help you to provide an improved customer experience
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High competitive edge for your business
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You can get accurate reporting with useful business understanding
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You can present enhanced employee satisfaction
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Able to recognize market trends
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Help you improve your business revenue
So, here is a list of the 5 best BI tools used in 2022 and widely in most of today’s leading organizations.
Benefits of Business Intelligence tools
Business intelligence tools have several benefits that range from strategic to tactical and even operational. Today we will look at some significant benefits of Business Intelligence Tools.
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Faster analysis, intuitive dashboards
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You can get trusted and verified data
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Increased organizational efficiency
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Help make data-driven business decisions
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It will assist you by delivering a better customer experience
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Higher competitive advantage for your business
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You can get authentic reports with useful business statistics
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You can offer higher employee satisfaction
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Be able to identify market trends
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Help you increase the income of your business
Here is a list of the top 5 BI tools used in 2022 and widely in most of today’s leading organizations.
1. Power BI
Microsoft Power BI is the most broadly used open source BI tool that provides an environment for data analysis, integration, and visualization. This tool is efficient and effective in helping organizations make informed business decisions.
Power BI features:
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Even non-technical users can readily use it to construct a Power BI project.
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It uses Power Pivot to execute analytical operations and, unlike Excel’s command-line language, is easy to learn.
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Its Power Query feature allows you to automatically retrieve data for reporting, even from legacy databases.
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You can also use this software to share messages for free.
2. Tableau
Tableau is one of the most popular and accessible Microsoft BI tools in organizations today. Tableau, a highly sought-after BI platform, is among the best in the list of best BI tools. This integrated tool allows non-technical users to quickly create personalized reports and dashboards to gain valuable insights. It also offers a wide range of graphical representations that are highly interactive and entertaining. This tool mainly performs two functions: data collection and analysis. It gathers data from diverse seeds such as spreadsheets and cloud applications. This Business Intelligence software is used in many industries and business sectors, including banking, manufacturing, education, sales, telecommunications, and more.
Tableau properties:
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You can share dashboards and tools to perform batch analysis on any data set.
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You can choose between two versions, a 32-bit version, and a 64-bit version.
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It has an automatic data update feature that allows the organization to receive the latest data and get valuable information from it in real-time.
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You can deploy the tool either on a local server or on a cloud server.
3. Datapine
Datapine provides interactive visualizations with various features, including dynamic dashboards and Storyboarding. Datapine does all the tedious work for you by creating visually appealing tables and graphs from existing databases. The interface is easy to use while allowing for cultured visualizations. You can easily combine it with any other trading software. For businesses that want to include data visualizations in their reports but don’t have the time or resources to learn how to construct them themselves, Datapine can help streamline the reporting process. In addition, you can use this tool to create dashboards and analyze data faster than ever before. It is also cloud-based, making it accessible from anywhere with an internet connection. In addition, you can share your visualizations and scenarios in real-time via social media, email, or even a phone call to build better connections with your crew members and customers.
Datapine features:
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It consists of simple and fast data connectors that integrate the necessary data sources in seconds.
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You can use its unique drag-and-drop feature to create engaging data visualizations with just a few clicks that provide a user-friendly interface.
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It also includes advanced dashboards with modern interactive features.
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There are at least 80 predefined dashboard templates for different industries.
Disadvantages
Although they provide mobile access, dashboards are not directly accessible unless you download their app and customize them for mobile viewing.
4. Sisense
The primary purpose of the BI tool, Sisense, is to collect, analyze and visualize datasets regardless of their size. It is one of the most used dashboard BI tools with intuitive functionality. It offers a user-friendly drag-and-drop interface, allowing anyone, including non-IT backgrounds, to use and understand it.
In Sisense, you need to collect and store data in a unique database that is accessible for visualization and reporting purposes. You can also use the data to create dashboards through the software’s various visualization and analysis tools. Additionally, you can share reports and dashboards with your team members or other departments within and outside your organization. This enables businesses to analyze patterns and create informed business strategies for improvement.
Features of Sisense:
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Its interactive and user-friendly dashboard provides drag-and-drop functionality and accessible tools.
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Since the data is centralized here, the time required to process the information is less.
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It offers attractive visualizations.
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You can use this tool to work with all sizes of datasets without complications.
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The device includes an ETL facility, a report and query writer, data warehouses, and customized dashboards.
5. Oracle Business Intelligence
Oracle BI is one enterprise business intelligence tool that provides cutting-edge functionality and analytics that any enterprise can use to change their business. With Oracle BI, you can access various platforms and tools that allow you to gather information from multiple sources, create interactive dashboards, identify patterns in your data, share insights with others within your organization, and more. This BI tool helps companies become agile and adapt quickly to change assisting organizations in performing well today and being ready for tomorrow. In addition, the Oracle Business Intelligence platform provides a wealth of information that helps companies analyze their operations more effectively. The only downside to Oracle Business Intelligence is that it is not accessible to every customer.
Best features
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Ad hoc options Oracle BI Answers
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Personalized Oracle dashboards
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Custom alarm functions
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Oracle BI Publisher for generating scalable reports
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Real-time decision server with predictive analytics
Disadvantages
According to reviewers, Oracle BI can sometimes be slow, especially when generating reports. Complex and time-consuming operations are reported for some functions, such as adding information to data models.
Winding up
In this article, we have seen the top 5 BI tools and options available in BI. These BI tools can also be used for startups. And, also to get a head start on your BI career, you need to learn to master one of these tools and gain experience.
