Best Business Intelligence (BI) Software

Do you intend to fuse business intelligence software into your growing business? Considered generally the third wing of Information Technology, the BI tools can be helpful to store and process a tremendous volume of information. Not just that, BI tools aid businesses to transform information into noteworthy insights and settling on data-driven choices progressively. To help enterprises meet these specific business needs, GoodFirms lists the best business intelligence software available in the market. The listed business intelligence tools are accompanied by platform details and verified customer reviews.

Business Intelligence Software
FilterReset
Back IconBack
Filter Reset
Popular Features
Data Visualization
Pricing Model
Select
Devices Supported
Select
Deployment
Select
Target Company Size
Select

List of Best Business Intelligence Software with Reviews

  • 1. datapine

    Data Visualization & Business Intelligence Tool
    Visit website

    datapine helps people to turn data into actionable insights and make data-driven decisions in real-time. A user-friendly drag & drop interface empowers everyone to make sense of complex data by asking important questions and receiving answers immediately. It offers a wealth of innovative BI 4.0 features like intelligent alarms and interactive dashboard features for modern, KPI driven businesses. ... learn more about datapine

    "DataPine's easy-to-use predictive analytics has made helped us in making better decisions"
    Nick Yu, Co-founder at Beadnova
    Entry Level Price
    Contact Vendor
    Free Trial
    14 Days
    20%

    Category Focus

    Business Intelligence Software
  • 2. Slemma

    Simple, collaborative reporting tool for businesses.
    Visit website

    Slemma is a collaborative, business analytics app built specifically around the needs of small to medium-sized businesses. It is a reporting tool that enables users to create simple, easy-to-use and dynamic data reports from multiple data sets.... learn more about Slemma

    Entry Level Price
    $99 Per Month
    Free Trial
    14 Days
    50%

    Category Focus

    Business Intelligence Software
  • 3. Tableau

    Changing the way you think about data.
    Visit website

    Tableau Software helps people see and understand data. Offering a revolutionary new approach to business intelligence, Tableau allows you to quickly connect, visualize, and share data with a seamless experience from the PC to the iPad. Create and publish dashboards and share them with colleagues, partners, or customers—no programming skills required. ... learn more about Tableau

    "One can visually track their business & revenue KPIs very easily"
    Rohan Kadam, Marketing Consultant at Biking Know How
    Entry Level Price
    $70.00 Per Month
    Free Trial
    14 Days
    20%

    Category Focus

    Business Intelligence Software
  • 4. Zoho Analytics

    Transform your business with powerful insights.
    Visit website

    Zoho Analytics is a self-service BI and data analytics software that lets you create visually appealing data visualizations and insightful dashboards in minutes.   ... learn more about Zoho Analytics

    "The best part is that it is easy to share lightweight consumer data at a low cost"
    Melissa Terry, CFA at VEM-Tooling
    Entry Level Price
    $30.00 Per Month
    Free Trial
    15 Days
    20%

    Category Focus

    Business Intelligence Software
  • 5. Bitrix24

    Your company. United. Free. Unlimited. Online.
    Visit website

    Highly secure, turnkey intranet solution for small and medium-sized businesses designed for effective collaboration, communication, social networking, business process, and knowledge management. Allows better knowledge continuity by moving data from network silos and local drives to a well-protected centralized repository. Wikis, blogs, and forums ensure social-enabled knowledge bases for improved... learn more about Bitrix24

    "One can perform all the crucial tasks of the organization with this software"
    Steve Anderson, CEO at Junk-Yard-Near-Me
    Entry Level Price
    $30 Per Month
    Free Trial
    Available
    5%

    Category Focus

    Business Intelligence Software
  • 6. Qlik Sense

    Go from passive to active analytics
    Visit website

    Qlik Sense is world-class business intelligence software that helps global enterprises move faster, work smarter, and put modern analytics in everyone's hands. Easily combine load, visualize and explore data, no matter how large (or small). Create and share powerful, interactive dashboards in a governable environment. Get unmatched performance and scalability on enterprise SaaS, your cloud of choi... learn more about Qlik Sense

    "Simply intelligent software for business data analysis, calculation, and reporting"
    Ronald Williams, Founder at BestPeopleFinder
    Entry Level Price
    $30 Per Month
    Free Trial
    30 Days
    25%

    Category Focus

    Business Intelligence Software
  • 7. QlikView

    Faster answers. More insights. Better outcomes.
    Visit website

    QlikView allows users to rapidly build and deploy analytic apps without the need for professional development skills, driving faster response to changing business requirements, shorter time to value, and more insight across the organization. ... learn more about QlikView

    "Well rounded and full featured platform"
    Ashley Jane, Marketing Manager at zigihub
    Entry Level Price
    Contact Vendor
    Free Trial
    N/A
    50%

    Category Focus

    Business Intelligence Software
  • 8. Google Data Studio

    Your data is beautiful. Use it.
    Visit website

    Google Data Studio turns your data into fully customizable informative reports and dashboards that are easy to read and share. Unlock the power of your data with interactive dashboards and beautiful reports.... learn more about Google Data Studio

    "The tool is very flexible and you can customize it to your needs in many different ways"
    Rafał Młodzki, CEO at Passport-Photo Online
    Entry Level Price
    Free version
    Free Trial
    Available
    25%

    Category Focus

    Business Intelligence Software
  • 9. iDashboards

    Get more eyes on your KPIs.
    Visit website

    iDashboards provides easy-to-use, visually-appealing and cost-effective dashboard software for clients in a wide variety of industries—including higher education, healthcare, logistics, finance, manufacturing and more. With customizable and flexible dashboard solutions that easily integrate with key data sources, iDashboards clients can quickly and effectively view and analyze their critical per... learn more about iDashboards

    "It monitors and evaluate efficiently which leads to improved decision-making capabilities"
    Adam Crossling, Marketing Manager at Zenzero
    Entry Level Price
    Contact Vendor
    Free Trial
    30 Days
    25%

    Category Focus

    Business Intelligence Software
  • 10. AccountsIQ

    Award winning cloud accounting software.
    Visit website

    AccountsIQ is unique in providing Accounting, Consolidation and Business Intelligence in one powerful solution. The online accounting platform is delivered as a fully hosted Software-as-a-Service offering which cuts costs, informs better decision-making and boosts productivity. It offers enterprise-level functionality at an affordable price. ... learn more about AccountsIQ

    "AccountsIQ is an award-winning financial management software that simplifies the capture, process, and reporting of financial data. "
    Anonymous User
    Entry Level Price
    Contact Vendor
    Free Trial
    N/A
    20%

    Category Focus

    Business Intelligence Software
  • 11. RapidMiner Studio

    Comprehensive data science platform with visual workflow design and full automation
    Visit website

    RapidMiner Studio is a visual data science workflow designer accelerating the prototyping & validation of models. Easy to use visual environment for building analytics processes: Graphical design environment makes it simple and fast to design better models.... learn more about RapidMiner Studio

    "Exceptionally Intuitive tool!"
    Donald Wilde
    Entry Level Price
    Free version
    Free Trial
    Available
    33%

    Category Focus

    Business Intelligence Software
  • 12. Seller Spike

    Make More Selling on Amazon
    Visit website

    View your true profit and ROI. Monitor your sales and orders. Analyze your advertising spend. Track your keywords. View and compare trends. Identify new opportunities. All with pinpoint accuracy to optimize and grow your Amazon FBA or FBM business. Seller Spike is fully compatible with North America, Europe & Far East Seller Central Accounts Regions. Supported regions include the USA (.us), Canad... learn more about Seller Spike

    "One of the best Amazon Seller analytics tools"
    Trevor Hatfield
    Entry Level Price
    $29 Per Month
    Free Trial
    14 Days
    100%

    Category Focus

    Business Intelligence Software
  • 13. SharePoint Vitals

    SharePoint analytics the easy way.
    Visit website

    SharePoint Vitals gives you instant answers to the who, what, when, and where of your SharePoint farms and Office 365 tenants. It tracks and analyzes SharePoint user activity, then gives you the insights you need to optimize your environments better. ... learn more about SharePoint Vitals

    "Network Solutions"
    Syed Usman Hashmi, Digital Marketing Executive at PureVPN
    Entry Level Price
    $800 Per Month
    Free Trial
    14 Days
    33%

    Category Focus

    Business Intelligence Software
  • 14. Trevor.io

    Self-service has never been so powerful
    Visit website

    Trevor.io replaces data requests inside your company, empowering your whole team to get answers from your database data in just a few clicks. Trevor.io helps One.org, Wave.com, Influencer.com & other companies run over 2.5 million queries every month... learn more about Trevor.io

    "Reliable and robust tool, stellar support team"
    Dani Sandler
    Entry Level Price
    $270 Per Month
    Free Trial
    Available
    100%

    Category Focus

    Business Intelligence Software
  • 15. SAS Viya

    Confident decisions at every moment.
    Visit website

    SAS Viya is an AI, analytic, and data management platform that runs on modern, scalable architecture. Quickly transform raw data into operational insights that support every kind of decision your organization makes. Better decisions, maximum value, faster outcomes. That's the SAS Viya difference. SAS Viya enables users to quickly transform raw data into operational insights that support every kind... learn more about SAS Viya

    "Best software for small business!"
    Rex Freiberger, CEO at Gadget Review
    Entry Level Price
    Contact Vendor
    Free Trial
    14 Days
    33%

    Category Focus

    Business Intelligence Software
  • 16. Kato

    Intelligent Insights For Everyone
    Visit website

    Make informed decisions quickly. Connect, model, and then explore your data with visual reports that you can collaborate, publish, and share. Kato integrates with other tools, so you can get up to speed quickly and work seamlessly with your existing solutions. Our team helps you identify your KPIs and create user-friendly dashboards so you can export, share, and publish crucial data across various... learn more about Kato

    "User-Friendly and Easy to Use BI software!"
    Olivia Tan, Co-Founder at CocoFax
    Entry Level Price
    $10 Per Month
    Free Trial
    Available
    100%

    Category Focus

    Business Intelligence Software
  • 17. GoodData

    The Leader in Embedded Analytics & Intelligence.
    Visit website

    GoodData powers the transformation of decision-making for frontline workers within their daily business processes. It's a platform that gathers data and user decisions and transforms them into actionable insights delivered at the point of work. This empowers enterprises and software companies to integrate insights into applications so that their customers, partners, and employees can make more... learn more about GoodData

    "Best for user data visualization session"
    Moe Bahidra
    Entry Level Price
    Contact Vendor
    Free Trial
    30 Days
    50%

    Category Focus

    Business Intelligence Software
  • Whether you want to instantly deliver personalized reports to thousands of users, empower business users with self-service analytics, or boost analytics adoption to 100% across your enterprise, MicroStrategy provides the technology to make it happen. MicroStrategy's powerful analytical engine, comprehensive toolsets, variety of data connectors, and scalable, open architecture ensure you have every... learn more about MicroStrategy Enterprise Analytics

    "It has got the highest level of stability and safety"
    Gerrid Smith, Chief marketing officer at Joy Organics
    Entry Level Price
    Contact Vendor
    Free Trial
    N/A
    20%

    Category Focus

    Business Intelligence Software
  • 19. Wolfram Mathematica

    The world's definitive system for modern technical computing
    Visit website

    Widely admired for both its technical prowess and elegant ease of use, Mathematica provides a single integrated, continually expanding system that covers the breadth and depth of technical computing—and seamlessly available in the cloud through any web browser, as well as natively on all modern desktop systems.... learn more about Wolfram Mathematica

    "Mathematica is the go-to software and recent favorite that deserves attention"
    Marcin Bartoszek, Head Of Business Intelligence at Spacelift
    Entry Level Price
    $1490 Per Year
    Free Trial
    15 Days
    25%

    Category Focus

    Business Intelligence Software
  • 20. Clear Analytics

    Make Everyone A Power Analyst!
    Visit website

    Clear Analytics is born from decades of experience in delivering cutting-edge self-service capabilities to the most demanding industries. Empowers business users to gain direct access to data whilst giving IT the ability to monitor and secure their infrastructure always. Clear Analytics aggregates data from a variety of sources, then leverages Microsoft’s Power BI features to enable you to wrang... learn more about Clear Analytics

    "Loved it!"
    Caroline Lee, Co-Founder at Cocosign
    Entry Level Price
    $11 Per Month
    Free Trial
    30 Days
    100%

    Category Focus

    Business Intelligence Software
  • 21. SAP Lumira

    Data Analytics and Data Visualisation Software.
    Visit website

    SAP Business Objects Lumira is a system that empowers enterprises and organizations to visualize their business data on self-service, and to collect and analyze all relevant information on one platform only. As massive your data can be, SAP BusinessObjects Lumira can tell the story of your business easily, giving presentations with predefined scripts and complex spreadsheets a business sense. ... learn more about SAP Lumira

    Entry Level Price
    Contact Vendor
    Free Trial
    30 Days
    50%

    Category Focus

    Business Intelligence Software
  • 22. Targit

    More than data it's faster decisions.
    Visit website

    There are many reasons why customers, partners, and industry experts turn to TARGIT to help them make better, faster decisions. It’s not just our powerful decision-making platform, our proven methodology, or our dedicated employees and partners. It’s the combination of all of these that enable us to unleash the potential within organizations. It’s our mission to help companies perform better... learn more about Targit

    Entry Level Price
    Contact Vendor
    Free Trial
    30 Days
    50%

    Category Focus

    Business Intelligence Software
  • 24. Pentaho

    Minimize Risk and Costs With Pentaho
    Visit website

    Pentaho data integration and analytics at Hitachi Vantara is an open-sourced based, enterprise-class platform for big data deployments. The unified data integration and analytics platform is comprehensive, completely embeddable and delivers governed data to power any analytics in any environment.  ... learn more about Pentaho

    Entry Level Price
    Contact Vendor
    Free Trial
    N/A
    50%

    Category Focus

    Business Intelligence Software
  • 25. JReport

    Embedded Reporting and Dashboards
    Visit website

    Jinfonet Software is the leading provider of data visualization and reporting software for the enterprise. Its cornerstone product, JReport, is a leading Java reporting solution that delivers integrated business intelligence. ... learn more about JReport

    Entry Level Price
    Contact Vendor
    Free Trial
    N/A
    50%

    Category Focus

    Business Intelligence Software
compare software image

Buyer’s Guide

Introduction to Buyer’s Guide for Business Intelligence Software

The digital revolution has fuelled enormous opportunities for businesses to grow at an unprecedented rate.  The organizations that are marching on this growth path have become data-driven and are investing heavily in technologies to enhance their performances. They are harnessing data technology like business intelligence software to help them in engaging customers, optimizing operations, reducing business costs, improving product quality, and making better decisions. Not just large enterprises, but small and mid-size companies are showing the same anticipation for the data-intelligence software to solve their complex issues.

With AI, cloud computing, and big data, data intelligence software has become more powerful and accurate.  The organizations are now bracing up to take advantage of these new features and make them a part of their culture.  However, before they get their hands on new features, they must get familiarized with the business intelligence software selection and the need for advanced BI tools.

This buyer guide is intended to help business owners, executives, managers, data analysts, data scientists, and other data technology enthusiasts on the important aspects of BI software and parameters to consider while buying the software.  It envelops everything that business owners need to know about BI tools.

What Is Business Intelligence?

Business intelligence is a technology-driven approach for analyzing business data and presenting actionable insights to help business executives, managers, and stakeholders to make informed business decisions. The BI technology includes tools, strategies, and processes to refine raw business data into meaningful data and present them in a most comprehensive format.

Why Is Business Intelligence Critical?

A business that consists of various departments like Accounting, HR, Sales, Marketing, etc., produces a large amount of data while performing daily activities. But these data are disorganized (stored at various places and in various formats) and unstructured and may not be of use until it is consolidated and streamlined. This is where business intelligence can be helpful.  Business intelligence uses technologies like data warehouses, data discovery tools, dashboards, ad hoc reporting, etc., to consolidate and derive valuable information from the data reciting across various business processes.     

In the data-driven world, data technology like business intelligence is very crucial in identifying new business opportunities and taking competitive market advantage. It gives organizations the power to access, analyze, understand, collaborate, and act on information.  With better insights about the working, trends, and analytics of the business process, organizations can identify risk elements that set them back and allow them to focus on the area for improvements. But to collect more in-depth and business specifics analytics, the enterprises have to resource end-to-end business intelligence software.

What Is Business Intelligence Software?

Business Intelligence Software is a tool that converts the raw business data (structured and unstructured) into valuable data insights for business owners or stakeholders to make an informed decision. The business intelligence tool extracts current and historical data related to business from various sources. They slice and dice these data to get a full 360-degree view of the business and generate the reports to analyze the business performance or any other metrics.

BI software is generally used by:

  • Managers and executives
  • Data Analysts
  • Front line worker
  • IT developers
  • Information workers
  • Suppliers, customers, and regulators

Business intelligence Software benefits are immense, and organizations can enhance their business efficiency by incorporating them into their infrastructure.

What Is the Difference Between Business Intelligence and Business Analytics?

Business Intelligence: Business intelligence is focused on descriptive analytics. It uses historical and present data to determine what has happened and what is happening.

Business Analytics: Business Analytics is a superset of Business Intelligence, and is focused on predictive analytics. It uses predictive models and machine learning algorithms to determine what will happen.

Why Does Business Intelligence Software Matter for Your Company?

  • Better decision: In a data-driven world, businesses can reap more benefits with BI software.  It helps to dig deeper into the business process and derive valuable insights from it. They can use these insights for making crucial business decisions.
  • Compare data with competitors:  Organizations, big or small,  can use a BI tool for conducting customer surveys and collecting data about how customers feel about the competitor’s product or what are their expectations from the product.  These insights can be used in the future to get a competitive advantage.   
  • Track performance:  BI software with a detailed report on business activities can help the organization track its business performance.  
  • Executive Scorecards and Dashboards: The top business intelligence tools provide business executives with detailed scorecards and dashboards to track business performance and capture essential business events. 
  • OLAP analysis: The best bi tools with OLAP help businesses to perform data analysis efficiently. It is due to OLAP structure and nature the business analyst can derive quick information from the database. OLAP helps in fast query execution, which means the data are available in a short time for making a rapid decision.
  • Ad hoc reporting: Ad-Hoc reporting is the process of creating reports on the fly.  The best business intelligence companies provide this feature in their tool, and it allows businesses to fetch reports on any particular activity and speed up the decision-making process. Unlike a structured report, ad hoc reporting does not require experts and thus reduces the IT workload.
  • Operational reporting: Operational reporting is a rapidly developing area of business intelligence.  Operational reporting software can either be used as a stand-alone or can be used in combination with BI solutions.  The operational reporting allows businesses to view data of their daily activities in real-time and in multiple ways.
  • Forecasting market trends: Data mining is an integral part of top business intelligence software, and it allows industries to predict the market trend. 
  • Customer relationship: With detailed insights about business activities, the business owner can study customer behavior and purchasing habits. Based on those insights, users can design their customer retention strategy and build better customer relationships.
  • Identify the bottlenecks: The best business intelligence companies could help in identifying the bottlenecks in the business process.  The BI dashboard displays intuitive reports about the business in detail, which makes it easy for business executives to study the obstacles in the system.  He can also determine how frequent and how long the problem persists within the business process.

What Are the Key Categories of Business Intelligence Software?

There are varieties of tools that fall under the BI software category.  

  • Dashboards: Dashboard is an integral component of BI software and is widely used to display important business metrics, track KPIs, and critical data points relevant to an organization. Dashboards enable organizations to make complex data easily understandable and approachable for non-technical users. It is restricted to one –page. Dashboards are elaborate and mostly focused on more narrow aspects of an organization. It can be updated in real-time.
  • Visualizations: Data visualization software enables users to put data in visual form and communicate information efficiently.
  • Reports: Reports are static documents that include data in text and table form, and sometimes it may involve graphs and charts.  It features data that is already cleaned and sorted. Unlike dashboards, the reports are sprawled to multiple pages.
  • Data mining: Data mining is the process of sorting and analyzing a large set of data that helps companies to solve problems and mitigate risks.
  • ETL: The process of ETL (Extract, Transform, and Load) plays a significant role in data integration strategies.  It also helps in migrating data between various sources, destinations, and analyzing tools; therefore, it is very important from the point of business intelligence.
  • OLAP: OLAP stands for Online Analytical Processing.  It is software that performs multidimensional analysis at high speeds on large volumes of data.
  • Data warehouse: A data warehouse is an analytical database that sits on top of transactional databases for analytic purposes.  The data warehouse selects, organizes, and gathers data for efficient comparison and analysis.
  • Business activities monitoring: Business activity monitoring (BAM) software allows managers and executives to monitor business processes in real-time. The BAM system compiles all the business-related information in one place so that the data can be consulted anytime, anywhere.

What Are the Benefits of Business Intelligence Software?

There are numerous benefits of a business intelligence system, but it largely depends on how organizations want to use it.

  • Faster, relevant, and accurate reporting: BI software pulls in data from various sources into a data warehouse, and then analyzes the data based on user queries, reports, and dashboards. The BI software facilitates real-time reporting and populates accurate data on various business events.
  • Visual analytics: BI tools present data in visual forms that are comprehensive and understandable.
  • Data-driven business decisions:  Business intelligence tools enable users to gather data from various sources and clean up data for better visualization. With quality business data in hand, it becomes easier for the business owner to make a smart decision.
  • Understand customer expectations: The top business intelligence software can help understand customer expectations and deliver better service.  The business owner can anticipate customer needs by analyzing the purchasing pattern and customer behavior.
  • Identifying marketing trends:  With the help of quality data, businesses can establish a new strategy that complements the market trend. For instance, the marketing team and sales team can build their future strategy based on the reports populated by the BI tool.
  • Streamline Operations: By having exact information or data, the organization can identify the error within the business operations and can take steps that can streamline the processes.
  • Reduce financial loss: Business often incurs financial loss due to wrong decisions, but with BI software, the business owner can have better insight into the data, which allows them to make the right decision and take calculated risks.
  • Increased organizational efficiency: The BI tools collect data from all relevant sources, which helps the organization to unlock the treasure in the business data.  It also saves time for business owners and managers on accumulating data with the traditional method.
  • Real-time updates: Some BI software provides a customized alerts option.  The users can set automated alerts to send emails to management or departments related to it. 

While the above-mentioned benefits of the business intelligence system may convince organizations to buy business intelligence tools, there are a few things to consider before boarding it. Follow the below section for the same.

Things to Consider Before Buying a Business Intelligence Software

  • Evaluate Software Need: Evaluate the software capacity before finalizing the BI software. The user must see whether the software fulfills the business requirement and find out whether the software can help to solve the problem.   
  • Support multiple data sources:  The top business intelligence software should support multiple data sources; since the modern business operates on a wide scale, the data may be scattered on multiple platforms and databases. It should be able to fetch data from anywhere and in any format.
  • BI Software Costs: Analyze the BI software costs from all angles like setup cost, technical support, and training, hiring experts, hidden charges, and software upgrades.
  • Integration: While performing business intelligence tools comparison, the business owner must verify the integration capabilities of the business intelligence tools.
  • Usability: Some business intelligence software requires an instruction or training program for its successful transition into companies’ infrastructure.  If the software does not gel well with the current working system or requires additional training, then it needs to get configured.
  • Support Collaboration Tools: The BI software must support collaboration features like the ability to share insights, share reports, comments, and collect feedback.
  • Customization: Customization is an important factor for BI software, and it should allow business owners to configure the software as per their needs. The best BI vendors generally provide customization options to their software users.
  • Role-based access: The BI software could be valuable assets for decision-makers, and there are many people in the organization that may need access to the BI software.  The BI software should have features to control the software access.
  • Real-time BI: Most of the business executives and stakeholders are keen on real-time information. Real-time BI software enables users to stay abreast of the competitor’s activities and market trends.
  • Responsive and user-friendly interface: If the user interface is complex, the money invested after BI software could be a complete waste.  The user interface of the BI software should be easy to comprehend and must support all devices. 
  • Deployment options:  The BI software should allow users to choose the deployment option. The users with dedicated IT teams may prefer on-premise software deployment, but with rising cloud technology trends, the user can switch to cloud infrastructure.   
  • Scalability: The BI software should be scalable, and it should easily adjust itself to the growing needs of the business.  It is always recommended that when a business executive or manager is scrutinizing the business intelligence software list, they should always consider scalability.
  • Technical support: Not all business intelligence software requires technical support, but if the BI software deployment is done for a large enterprise, then it may need technical support. Technical glitch is quite common in large enterprises dealing with a huge amount of data, so the best bi companies must deliver robust technical support.
  • Powerful reporting capabilities: The goal of BI software is to produce sensible reports that give a clear understanding of business activities.  The BI software lacking in powerful reporting features may fail to communicate the business insights to decision-makers. 

These factors can help business executives to select the top business intelligence tools; however, they can also shortlist the tool by comparing the features, deployment options, costs, and other factors.

Time-Saving Features of Business Intelligence Software

  • Ad-Hoc reports
  • Advanced security
  • Executive dashboard
  • Mobile access
  • Ranking report (Pivot tables)
  • Built-in ETL
  • White labeling
  • Intelligent alerts
  • Multi-tenant security
  • Geospatial mapping
  • What-if analysis
  • Seamless data and application importing
  • Collaboration tools
  • Predictive models

Emerging Trends in Business Intelligence Software

  • Voice-activated assistants:  Voice-enabled business intelligence makes it easier to collect insights, reports, and dashboards.  It has created a curiosity among BI experts about transcribing voice assistant data into an intelligent report. It can reinvent the data-analysis process by eliminating the traditional approach and reducing the time to generate business insights.    
  • Data discovery:  With data discovery, it is easy to find specific patterns and trends in a data-sets. With the advanced data visualization tools interlaced with features like heatmaps, geographical maps, and pivot tables, the data discovery becomes even more informative.  There is an evolving trend in data discovery referred to as “smart discovery” or “Augmented intelligence.”  It facilitates the AI capabilities to find the trend and relation in data, which helps to speed up the decision-making process. 
  • AI and NLP: It is fascinating that computers/ voice assistants have started decoding human language and responding to queries with high accuracy.  It is because of AI and NLP.  NLP is one of the most intriguing aspects of artificial intelligence, and it has a wide scope in Business Intelligence.  The NLP technology enables even a non-techie executive to analyze data without any support from any IT experts.
  • Data governance: Data governance defines the process of maintaining regulatory compliances and policies for managing data assets across the organization. In the coming years, data governance would become the top priority for all types of organizations. The data governance will ensure that data is acquired from the approved sources, processed for the defined purpose, shared among authorized personnel, and discarded as per the norm.   
  • Collaborative business intelligence: Collaborative BI is about bringing subject matter experts and stakeholders together to make better decisions.  By merging BI software with collaboration tools, including web 2.0 and social media, the business team can share their view or responses online. By documenting those communications, it would be easier for an organization to make a faster decision. In the future, the collaborative business intelligence tool will envelop more users and communication platforms.
  • Self-service BI interfaces: Self-service BI interface is rapidly getting its hold in business intelligence solutions. Today, the best business intelligence companies have introduced the self-service version, and in the future, there will be more efforts to make BI software completely self-reliant.    
  • Predictive analytics: Most of the BI software uses historical and real-time data to identify trends and answer questions related to what has happened and does not tell why something happened. With predictive analytics, BI tools can predict future outcomes. Generally, the BI tools do not always provide predictive analytics functionality, but in the coming days, they would be capable of predicting well in advance.
  • Better, faster, and cheaper: The amalgamation of cloud computing, artificial intelligence, and big data with the top business intelligence tools is going to become better, faster, and cheaper.  By implementing cloud computing, users can reduce infrastructure costs as well as improve data storage efficiency. On the other hand, artificial intelligence and the neural network will ensure the data fetching process, and data visualization process gets quicker and easier.

In a few years, several related advanced technologies would allow users to truly discover the benefits of a business intelligence system.

How to Implement BI Software Successfully?

Step 1) Identify Requirements: The best BI software vendors today have the flexibility to customize their offerings to the users. But, still,  prospective buyers should figure out the existing business requirements and match their requirements with the business intelligence tools list.   

Step 2) Make Raw Data Available: Make sure all the raw data are available, and define the strategy on how to import raw data into the BI software.

Step 3) Shortlist BI Vendors: Once the organization has completed all the basic BI software implementation processes, they can shortlist the business intelligence tools and hire the best BI solution provider. The software buyer should compare the business intelligence software list on parameters like customer support, secure integration, database support, training programs, etc.

Step 4) Implement software and team member's training: The next step is to implement top business intelligence tools into the business infrastructure and see whether the team members require any training for it.

Step 5) Monitor the software performance:  The business executives or managers should monitor the performance of the software. They need to see whether the software behaves as expected and if not, then does it allow them to make some changes to measure particular performance metrics.

What Is the Average Cost of Business Intelligence Software?

The business intelligence software list is very broad and versatile in its offerings. The price may vary based on the software capabilities and features. The price of the software could be as low as $3/month or may raise to $1000/month or even more. 

Business Intelligence Tools For Start-ups or Beginners:  The startups or budding entrepreneurs working with minimum risks and budget can opt for low-cost software. Few options for such business intelligence solutions are Lumenore which comes with a starting price of $2.49/month, BusinessQ with a starting price of €2.0/month. Both tools offer a free trial.

Business Intelligence Tools for Mid-Size and Large Enterprises: For organizations that want to churn out in-depth information from the most unstructured data source, then mid-size and large enterprise business intelligence tools are highly recommended.  Mid-range tools like Zoho Analytics with a starting price of $23/month and Redash with $49/month are good alternatives. Both the business intelligence solution providers offer a free trial, and users can upgrade their plans as they grow with their business and data volumes.  Some best BI tools that fall in the same category include DataHero, flex.bi, and DyntellBi.  In case the business owners are more inclined towards advanced features like inspecting customers' behavior or discovering data patterns with a machine learning algorithm, a tool like Kubit with a basic price of $999/month is a perfect solution. The price range may exceed $7999/month as per the user’s requirements  The other premium range business intelligence solution providers include Trevor.io with a starting price of $270/month, whose price may exceed depending on the types of database (Snowflake, Redshift, MySQL) and data rows to export. The tool also provides a free trial version. The best BI tools that offer similar services include SharePoint Vitals, Planhat, and illuminis. The business intelligence tools list can go endless, and it all boils down to business priorities.

There are business owners that see plenty of opportunity in business intelligence tools and put their efforts into developing new features through free and open source business intelligence software. Here is the list of some best free and open source business intelligence software that can further enhance the organization's efficiency with its exceptional features.

Why Refer to Goodfirms' List of Best Business Intelligence Software?

GoodFirms is a prominent review and rating platform for IT solutions. It has been listing various software products from different sectors to help consumers choose the right software for their organization and fine-tune the business processes.  With more than 60000 services and software companies listed on the platform, it makes it easy for consumers to compare software on various parameters and select the software that fits into their budget and requirements.

Conclusion

The companies realizing the role of data in accelerating business growth are actively adopting data intelligence technology and software in their infrastructure.  It helps them to tackle complex problems by making smart decisions. Since there are tons of business intelligence software available in the market, it is challenging to pick the best Business Intelligence Software. GoodFirms is here to help you with this task. Do not miss to check the list of best business intelligence software to empower your business with the most insightful data.

Got A Question? Ask Away!
Contact Us