The Best Business Intelligence Software In 2024

However, managing data can be overwhelming, especially if the team lacks data-driven processes.

Business intelligence (BI) software analyses company data and creates visual reports that can be used to guide business decisions. Companies that use BI software are five times more likely to make faster decisions. Learn more about best business intelligence softwares in this article.

Table of Contents

What is business intelligence (BI) software?

Business intelligence (BI) software refers to the collection of tools and technologies designed to help the business grow and make clear decisions. Business intelligence software helps to collect, analyse, store, and present data in a way that benefits businesses. BI software uses data mining to collect information, employs data analytics to assess details, and produces data visualisations to clarify conclusions.

These business intelligence tools help anyone gather data-based information, even if they are not highly skilled analysts. This software not only collects data but also stores it safely and in a convenient place.

Also Read: Analytics For BI: What is Business Intelligence and Analytics?

Learn About Best Business Intelligence Software 2024

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Why use Business Intelligence Software?

Business Intelligence software uses raw and unstructured vast data to derive useful information. These tools use logic and technologies to extract information and present it in visually understandable forms using charts, graphs or other visualising forms.

Analysing these reports and insights can help businesses analyse market trends, forecast, and present a more strategic planning or decision for the best interest of their customers. There are many business intelligence softwares available in the market. Some of them are Power BI, Zoho analytics, Dundas BI, Tableau, etc.

Best Business Intelligence Software: Characteristics

BI software plays a crucial role in helping businesses leverage their data to improve decision-making, optimise operations, and gain a competitive advantage in the marketplace. A few of the features of good Business intelligence software are mentioned below:

Data integration: BI software can integrate data from multiple sources, including databases, spreadsheets, and cloud applications, to provide a comprehensive view of the business.
Data analysis: BI software includes tools for analysing data, such as querying, reporting, and data visualisation, to help users identify trends, patterns, and insights.
Reporting and dashboards: BI software enables users to create interactive reports and dashboards that present key performance indicators (KPIs) and metrics in a visual format, making it easier to monitor and track business performance.
Predictive analytics: Some BI software includes advanced analytics capabilities, such as predictive modelling and forecasting, to help businesses anticipate future trends and make proactive decisions.
Data mining: BI software may also include data mining functionality to discover hidden patterns and relationships within large datasets, helping businesses uncover valuable insights.

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Best Business Intelligence Software of 2024

Some of the best Business Intelligence software are mentioned below:

1. Microsoft Power BI

Microsoft Power BI is a powerful business intelligence platform developed by Microsoft that enables users to visualise and analyse data from various sources in a user-friendly and interactive manner.

Microsoft Power BI is one of the best business intelligence software programs on the market in 2024. It offers a wide range of features and capabilities to help businesses derive insights from their data and make informed decisions.

Features of Microsoft Power BI

Data Connectivity: Power BI allows users to connect to a variety of data sources, including databases, cloud services, files, and web services. It supports direct connections to popular platforms such as Microsoft Excel, SQL Server, SharePoint, Google Analytics, and many more.
Data Visualisation: Power BI offers a rich set of visualisation tools and options, including charts, graphs, maps, and tables, to help users create compelling and insightful visualisations.
Data Preparation: With Power BI, users can easily transform and clean their data using intuitive tools and functions. These include capabilities for data shaping, merging, modelling, and cleansing, enabling users to prepare their data for analysis without the need for complex coding or scripting.
Advanced Analytics: Power BI includes advanced analytics features such as forecasting, clustering, and anomaly detection to help users uncover hidden patterns, trends, and insights within their data.
Collaboration and Sharing: Power BI enables users to collaborate with colleagues and share their insights with others through interactive reports and dashboards.

2. Tableau Desktop

Tableau Desktop is a powerful data visualisation and analytics software developed by Tableau Software, a well-known business intelligence and analytics company. Tableau Desktop is one of the top business intelligence software programs available in 2024.

Its goal is to enable users to quickly and interactively explore, analyse, and visualise data without requiring extensive programming or technical knowledge.

Features of Tableau Desktop

Data Connectivity: Tableau Desktop offers connectivity to a wide range of data sources, including databases, spreadsheets, cloud services, and big data platforms.
Drag and drop Interface: One of the standout features of Tableau Desktop is its user-friendly interface, which allows users to create interactive visualisations and dashboards using a simple drag-and-drop approach.
Interactive Dashboards: Tableau Desktop enables users to create highly interactive dashboards that allow viewers to explore data dynamically. Users can customise their dashboards with filters, parameters, and actions, allowing viewers to delve deeper into specific data points and gain valuable insights.
Collaboration and Sharing: Tableau Desktop allows users to share their visualisations and dashboards with others via Tableau Server and Tableau Online. This facilitates collaboration between team members and stakeholders.

3. Dundas BI

Dundas Data Visualization, a Canadian software company, developed Dundas BI, a comprehensive business intelligence and analytics platform. Dundas BI is also one of the best business intelligence software options in 2024. Dundas BI is browser-based and includes drag-and-drop functionality. It is designed to help organisations create interactive and visually appealing dashboards, reports, and data visualisations in order to gain insights from their data and make more informed decisions.

Features of Dundas BI

Data connectivity: Dundas BI provides access to a variety of data sources, such as databases, data warehouses, cloud services, spreadsheets, and big data platforms.
Advanced analytics: Dundas BI provides advanced analytics capabilities such as predictive modelling, forecasting, and statistical analysis. Users can perform complex data analyses to uncover insights that will help them make strategic decisions.
Customization and extensibility: Dundas BI is highly customizable and extensible, allowing users to tailor the platform to their specific business needs. Users can create custom visualisations, themes, and templates, as well as integrate Dundas BI with other applications and systems using APIs and SDKs.
Interactive dashboards: Dundas BI enables users to create highly interactive dashboards with customizable widgets, charts, graphs, and maps.

4. Sisense

Sisense is a leading business intelligence (BI) and analytics platform that helps businesses prepare, analyse, and visualise complex data sets.

Sisense is the best Business Intelligence software that Sisense, founded in 2004, has become well-known for its user-friendly interface, powerful analytics capabilities, and ability to handle large amounts of data efficiently.

Features of Sisense

Elastic data architecture: Sisense makes use of a unique, patented technology known as Elasticube, which allows users to process and analyse large amounts of data quickly and efficiently. This architecture ensures that queries run quickly, even when dealing with complex data.
Drag-and-drop interface: Sisense provides an intuitive drag-and-drop interface that allows users to create interactive dashboards, reports, and visualisations without requiring extensive technical skills or programming knowledge. Users can create customised dashboards by simply dragging and dropping data. elements onto the canvas.
Embedded analytics: Sisense allows organisations to embed analytics directly into their applications, products, or workflows using its embedded analytics capabilities. This enables businesses to seamlessly provide data-driven insights to their customers, partners, and stakeholders.
Scalability and flexibility: Sisense is highly scalable and flexible, making it suitable for organisations of all sizes and industries. Whether deployed on-premises or in the cloud, Sisense can adapt to the evolving needs of businesses and support growing data volumes and user demands.

5. Zoho Analytics

Zoho Analytics is a cloud-based business intelligence software and analytics platform developed by Zoho Corporation, a top provider of online productivity tools and SaaS applications. Zoho Analytics is one of the best business intelligence software programs available in 2024.

Zoho Analytics, formerly known as Zoho Reports, enables businesses to transform their data into actionable insights using powerful analytics and reporting capabilities.

Features of Zoho Analytics

Data integration: Zoho Analytics enables users to access and import data from various sources, including databases, cloud storage services, business applications, and spreadsheets. Users can easily combine and blend data from various sources to produce a unified view for analysis.
Self-service analytics: Zoho Analytics has a user-friendly interface allowing non-technical users to perform self-service analytics without IT support. Users can create interactive dashboards, reports, and visualisations using drag-and-drop tools and pre-built templates.
Embedded analytics: Zoho Analytics allows businesses to embed analytics directly into their applications, websites, or portals using its embedded analytics capabilities. This enables organisations to deliver data-driven insights to customers, partners, and stakeholders seamlessly.

Scalability and security: Zoho Analytics is designed to scale with the growing needs of businesses and support large volumes of data and users. It offers robust security features, including role-based access control, data encryption, and compliance certifications, to ensure data privacy and security.

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Best Business Intelligence Software FAQs

What is business intelligence software?

Which is the best business intelligence software?

Some of the best business intelligence software are Power BI, Dundas BI, Sisense, Zoho Analytics, etc.

Why is business intelligence software used?

Business intelligence software is used to make informative decisions for the benefit of businesses. They are used to utilise the data for useful insights.