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Best Business Intelligence tools

BI tools are necessary components in making smarter, better decisions that drive results.

Business intelligence tools (BI tools) are a way for companies to monitor data and generate business insights – necessary components in making smarter, better decisions that drive results. But once you start research and compare BI software, you realize there are many types, from business analytics and big data statistics to reporting tools and dashboards that offer at-a-glance information across indicators. 

When selecting the right business intelligence tools for your organization, consider your company, your employees, your departments and teams – and the success factors that drive your decision-making. What isn’t working currently, and what factors would benefit from improvement? 

Choose tools that allow you to visualize and analyze relevant data, combining and eliminating and customizing to generate information that helps you better understand your data. The goal: to make fact-based and insightful decisions that will improve company performance. 

1. SAP BUSINESS INTELLIGENCE 

For businesses that require a full, detailed picture of every company process, SAP NetWeaver BI steps in. This full-function tool is designed to cater to a diverse set of needs, satisfying the requirements of everyone in your organization – IT professionals, senior management, and end users included. The tool’s robust infrastructure hosts wide-ranging functionality in one integrated platform. 

Features: 

  • A single, integrated platform pulls together applications and reporting to provide a detailed snapshot of your organization 

 

  • Visualization makes it easy to understand your data 

  • Improve your company’s collective IQ by giving all collaborators insights into data and performance indictors 

Cost: Free Trial; contact for pricing 

2. ORACLE HYPERION SYSTEM 

When it comes to BI tool comparisons, Oracle is one of the most well-known names in business, and its Hyperion Planning system is an agile business intelligence tool. Using mobile, desktop and MS Office Interfaces, Hyperion supports and enables enterprise-wide planning, budgeting and forecasting – mission-critical processes a company needs to develop accurate financial forecasts and generate cost-effective enterprise alignment. 

Features: 

  • Deploy Hyperion independently, either in the cloud or on-site 

  • Integrate Hyperion with other Oracle tools to create a robust and over-arching business solution 

  • Reduce budgeting and planning by days, weeks or months, depending on the process 

 

Cost: Contact for pricing 

3. ORACLE BUSINESS INTELLIGENCE ENTERPRISE EDITION (OBIEE) 

For businesses with serious BI needs, OBIEE is an incredibly powerful business analytics software tool. The Enterprise Edition integrates many of Oracle’s most useful components, including BI Server, BI Answers, BI Interactive Dashboards, BI Delivers, BI Publisher, the MS Office Plug-in, Hyperion Interactive Reporting, Hyperion SQR Production Reporting, Hyperion Financial Reporting, and Hyperion Web Analysis. In other words, for almost any conceivable data measurement, visualization, reporting, or information manipulation, OBIEE has a solution. 

Features: 

 

  • Comprehensive BI tools inform and inspire better decisions across your organization 

  • OBIEE allows for full collaboration within an organization 

  • Interactive dashboards make reporting and data visualization simple 

Cost: Contact for pricing 

4. MICROSOFT BUSINESS INTELLIGENCE TOOLS 

Microsoft’s BI solutions offers all the capabilities and functions necessary to build a custom solution to corporate performance management and like some other BI tools these are billed as tools that require little IT involvement. The premise: if your employees know how to use Microsoft Office or Microsoft SharePoint Server, then they’ll intuitively understand MS Business Intelligence. This full-service solution is quite powerful, integrating data from multiple sources to combine with current enterprise data that lives on-site or in the cloud – all while maintaining proper governance. 

Features: 

  • MS BI allows any user to drill-down, analyze and visualize data through Excel 

  • Enable report-sharing and other collaborative features 

  • Self-service capabilities that reduce the burden on IT 

 

Cost: Free Trial; Contact for pricing 

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