XMind

Ideas Grow on Trees.

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About XMind
XMind, a full-featured mind mapping, and brainstorming tool, designed to generate ideas, inspire creativity, brings you efficiency both in work and life. Tens of million people love it.
XMind
Ideas Grow on Trees.
0.0 (0 Reviews)
Product Demo
Core Features
Mind Mapping Software Features
  • Brainstorming
  • Concept Mapping
  • Embedding
  • Project Planning
  • Flowchart
  • Presentation Tools
  • Publishing/Sharing
  • Templates
Discussions
  • Business intelligence
1 Answer
Every day, a business’s customers, competitors, and partners are generating valuable data that has the potential to make or break the business. The problem here is the need for a tool to convert this data into something useful. Here, BI comes into the picture. This sounds quite simple until the time comes to choose BI software and you are overwhelmed with a whole lot of available options. Take into consideration the following elements before choosing one: Social Decision Making If your competitors are depending majorly on social media platforms for decision-making, then a BI tool with a brainstorming module can prove to be helpful. The BI analysis tool you are planning to choose should have the capability to target important phrases and keywords. By monitoring these keywords and phrases, you can get new insights relevant to a specific business goal. Customization Each company has unique requirements. It means that a BI software vendor should be able to create custom applications that will support your business’s individual needs. Your BI tool should not only be flexible enough to accommodate your needs now but should also be able to do it in the future. Moreover, you should be able to customize all the features that you want to without having to spend too much time on them. Integration Is the BI tool you are shortlisting a standalone solution or an integrated one? A standalone solution can be accessed in its own application. On the other hand, an integrated solution will work from a host application or a suite of applications. To identify which is the best solution for you, take a look at your current system. A big advantage in the case of integrated solutions is that the users can access the tool through any application they are already using. It also means that the tool is accessible as well as useful to every stakeholder just by using the pre-existing login information. Also, there are both - fully and partially integrated tools. Fully integrated BI tools are more secure than partially integrated ones. Conclusion All of these factors are crucial to choosing the right BI tool but let’s not forget the most important one i.e the pricing. After all, it all comes down to the allocated budget. However, that also doesn’t mean that you compromise on the quality of the BI tool. All you need to do is research properly.
Every day, a business’s customers, competitors, and partners are generating valuable data that has the potential to make or break the business. The problem here is the need for a tool to convert this data into something useful. Here, BI comes into the picture. This sounds quite simple until the time comes to choose BI software and you are overwhelmed with a whole lot of available options. Take into consideration the following elements before choosing one: Social Decision Making If your competitors are depending majorly on social media platforms for decision-making, then a BI tool with a brainstorming module can prove to be helpful. The BI analysis tool you are planning to choose should have the capability to target important phrases and keywords. By monitoring these keywords and phrases, you can get new insights relevant to a specific business goal. Customization Each company has unique requirements. It means that a BI software vendor should be able to create custom applications that will support your business’s individual needs. Your BI tool should not only be flexible enough to accommodate your needs now but should also be able to do it in the future. Moreover, you should be able to customize all the features that you want to without having to spend too much time on them. Integration Is the BI tool you are shortlisting a standalone solution or an integrated one? A standalone solution can be accessed in its own application. On the other hand, an integrated solution will work from a host application or a suite of applications. To identify which is the best solution for you, take a look at your current system. A big advantage in the case of integrated solutions is that the users can access the tool through any application they are already using. It also means that the tool is accessible as well as useful to every stakeholder just by using the pre-existing login information. Also, there are both - fully and partially integrated tools. Fully integrated BI tools are more secure than partially integrated ones. Conclusion All of these factors are crucial to choosing the right BI tool but let’s not forget the most important one i.e the pricing. After all, it all comes down to the allocated budget. However, that also doesn’t mean that you compromise on the quality of the BI tool. All you need to do is research properly.

Every day, a business’s customers, competitors, and partners are generating valuable data that has the potential to make or break the business. The problem here is the need for a tool to convert this data into something useful. Here, BI comes into the picture. This sounds quite simple until the time comes to choose BI software and you are overwhelmed with a whole lot of available options. Take into consideration the following elements before choosing one: 

Social Decision Making 

If your competitors are depending majorly on social media platforms for decision-making, then a BI tool with a brainstorming module can prove to be helpful. The BI analysis tool you are planning to choose should have the capability to target important phrases and keywords. By monitoring these keywords and phrases, you can get new insights relevant to a specific business goal. 

Customization 

Each company has unique requirements. It means that a BI software vendor should be able to create custom applications that will support your business’s individual needs. Your BI tool should not only be flexible enough to accommodate your needs now but should also be able to do it in the future. Moreover, you should be able to customize all the features that you want to without having to spend too much time on them. 

Integration 

Is the BI tool you are shortlisting a standalone solution or an integrated one? A standalone solution can be accessed in its own application. On the other hand, an integrated solution will work from a host application or a suite of applications. To identify which is the best solution for you, take a look at your current system. A big advantage in the case of integrated solutions is that the users can access the tool through any application they are already using. It also means that the tool is accessible as well as useful to every stakeholder just by using the pre-existing login information. Also, there are both - fully and partially integrated tools. Fully integrated BI tools are more secure than partially integrated ones. 

Conclusion 

All of these factors are crucial to choosing the right BI tool but let’s not forget the most important one i.e the pricing. After all, it all comes down to the allocated budget. However, that also doesn’t mean that you compromise on the quality of the BI tool. All you need to do is research properly.

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