BI Business Intelligence tools: Business Intelligence is an important aspect of business growth. Almost all the major industries nowadays depend on data insights to make important decisions and analyse new trends and market requirements. Some tools in the market can make our work a lot easier. Let us know some of these important bi business intelligence tools in this article post.
What are BI Business Intelligence Tools?
Business Intelligence tools are software applications that are used by businesses to gather, analyse, and visualise data efficiently to make an informed decision. These tools are shaping the growth of major companies that heavily rely on data for their daily tasks.Â
These tools help to find trends, patterns, and relationships in the available data and study them to provide informed decisions and insights. It can help to find new opportunities and make more strategic decisions for the growth of the company. Some major functions of bi business intelligence tools are listed below.
- Data Visualization
- Data MiningÂ
- Performance Management
- Text Mining
- Predictive Analytics
- Reporting,Â
- And more
With functionalities like these given above with the help of bi business intelligence tools we can easily make improved decisions and drive better business opportunities.
Learn Data Analytics with PW Skills
Hurry and join our Data Analytics Course to be ready for job roles, such as data and business analyst. The course completely guides you through all the major aspects of learning data analysis along with industry-relevant real time projects.Â
Our courses are completely covered by industry-level experts in data analytics. With course, candidates can also avail doubt solving sessions and free PW Lab access. And there is much more to it, learn about the course in detail on our official website @pwskills.com.
Some Key Features of BI Business Intelligence ToolsÂ
There are many cool features provided by these business intelligence tools. Some of their key features are mentioned below.
- Data Collection: With the help of BI tools data can be collected from a wide range of sources.Â
- Data Analysis: Various tools and techniques are available to help businesses find trends, patterns, and important insights in the data. It also helps in data mining, forecasting, and statistical analysis.
- Data Visualization: The BI tools help to present the data in a more informative and visually compelling way. The complex data can be easily communicated to clients in a much more understandable format such as charts, graphs, reports, and many more forms.
- Multiple Connectivity: Different bi business intelligence tools can easily connect with different users and share their dashboards, reports, and studies easily. These tools help in easy collaboration with your teammates.
Read More: 10 Most Popular Analytic Tools in Big Data
Top 5 BI Business Intelligence Tools in 2024
If you are looking for some best bi business intelligence tools then do proper research regarding the best tools available based on the reviews, performance, and verified sources. Some major bi business tools are used frequently to perform different business analyses are mentioned below.
1. Microsoft Power BI
This is one of the most popular and frequently used business intelligence tools. Anyone interested in business analytics must have heard and learned to handle this tool. The tool is provided for free by Microsoft, a trusted software company.Â
Power BI integrates with various big platforms to extract important insights and present them in the form of graphs or tables. It also consists of AI functions to make our more effective. It can connect and visualise data from any online platform. With the help of AI, you can easily turn your data into a visual form for better understanding.Â
- It consists of data connectors for broad data sources.
- It consists of a user-friendly dashboard for a better experience.
- It integrates with AI to provide a better working experience.
- It uses Natural language queries for data exploration.
- It can connect directly with Python for data science related work.
2. TableauÂ
Tableau is yet another frequently used business intelligence and analytics tool which is used for data visualisation. It can help in better decision-making and present data more understandably. It makes communication easy with the clients for a productive result. It is deployed on the cloud and it is the world’s broadest analytic platform which is connected to Salesforce CRM. Some of the best features of Tableau are mentioned below.
- It consists of a large set of data connectors for different kinds of data sources.
- Used for data visualisation.
- Interactive dashboards for a user friendly experience.
- Real-time data analytics
- Broadest Data analytics platform.
3. DOMOÂ
The Domo is a cloud business intelligence platform that is used to provide a user-friendly interactive environment for various visualisation tasks. It provides various features such as Business intelligence, analytics, data visualisation, and other important tasks. Some major advantages of using DOMO are given here.
- It helps in making informed and faster decision-making for better business insights.
- It also consists of innovative dashboards and AI-generated insights on its platform.
- It consists of more than a thousand pre-built connectors for various data sources.
- Advanced Embedded analytics for DOMO everywhere.
- Real time data analytics.
4. Looker StudioÂ
It is an open-source tool that provides innovative dashboards and report presentations with a wide range of data sources. Anyone who is a complete beginner or expert can integrate easily with the Looker studio platform to perform business analysis.
- It was formerly known as Google Data Studio.Â
- It is directly integrated with the Google widgets such as Google Analytics, Google Sheets, and other Google services.
- Real-time data analytics and collaboration.
- Sharing information is easy and effective on Looker.
5. Zoho Analytics
Zoho Analytics provides a wide range of features, especially for small or medium businesses. It provides various services such as data preparation, analytics, and visualisation without any compromise on the qualities. It can provide a better plan based on the volume of data or data produced daily in your company.
- Consists of many pre-built dashboards and smart widgets.
- Offers various visualisation and data preparation services at a reasonable and affordable cost.
- It especially targets small or new businesses.
- Integration with more than 200+ data sources.
Benefits of using BI Business Intelligence ToolsÂ
There are many benefits to using these free-of-cost tools. These tools make data analytics and business intelligence easy and effective. Some major benefits of using the bi-business intelligence tools are given below.
- With the help of business intelligence tools, businesses can make more informative and improved decisions. These tools help to extract important patterns, relationships, and connections in the data available.
- These BI tools can help to make our data analysis and visualisation more effective. They help to save a lot of our time. With the help of these tools, many repetitive works can be automated saving a lot of labour work and resources.
- It improves the profitability of businesses by providing them with new opportunities and keeping them updated with the latest trends and insights.
- It saves costs by utilising various resources effectively.
More BI Business Intelligence Tools in 2024
There are some more business intelligence tools preferred by different business firms. Have a look at popular tools in the table below.
| BI Business Intelligence Tools 2024 |
| ThoughtSpot |
| QlikView |
| SAP Business Objects |
| Dundas BI |
| SAS Business Intelligence tools |
| Google Data Studio |
| Yellowfin BI |
| Oracle Analytics |
| Sisense |
| Board |
| Incorta |
You can easily search for these tools on the google. Just copy the names on the search board and go to their official website to know more.
For Latest Tech Related Information, Join Our Official Free Telegram Group : PW Skills Telegram Group
BI Business Intelligence Tools FAQs
What are BI business intelligence tools?
Business Intelligence tools are software applications that are used by businesses to gather, analyse, and visualise data efficiently to make an informed decision. These tools are shaping the growth of major companies that heavily rely on data for their daily tasks.
Which is the best business intelligence tool in 2024?
There are many popular and frequently used analytic tools used in the market such as PowerBI, Tableau, Zoho analytics, DOMO, etc. Read about them in this article.
Is SQL a business intelligence tool?
SQL services are available on various business intelligence platforms which provide data integration services, analysis, reporting, and various other tasks.
