Best Business Intelligence Tools

Top Business Intelligence Tools Include Microsoft Power BI, SAS Business Intelligence, Google Data Studio, and QlikSense. These BI Tools Help Turn Data into Insightful Information through Careful Processing and Analysis.

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List of 20 Best Business Intelligence Tools

Showing 1 - 20 of 291 products
#1

Retailers can increase profitability with a data-backed approach. Using RetailScape by Bungee Tech - retailers are able to monitor price, promotion, assortment, and availability data across geographies. Reliable, scalable data for better decisions. Learn more about RetailScape

Starting Price: Starting Price: $1 Subscription License & Usage-based

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#2

Residential proxies are legitimate IP addresses attached to a physical location, which guarantees high anonymity level and low block-rate. Requests coming from residential proxies stand out for their legitimacy, allowing you to gather public data efficiently. Learn more about Oxylabs

Starting Price: Available on Request

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Emergents | 2023

#3

Developed with an intention to lend a hand to the decision-makers of an enterprise to make more precise and competent decision, this BI tool is an imperative contrivance for any business. It proffers an all-exclusive solution regards the effective handling of a company’s data. Learn more about Uneecops - Tableau BI Partner

Starting Price: Starting Price: $70 User/Month

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Contenders | 2023

#4

Marketing is essential for every business so is DOMO, a Business Intelligence system. It offers an extensive marketing solution over a single platform. One can do effective and concrete marketing via this business analytic tool. Its vast diligence makes it imperative BI software for any small and medium-sized firm.  Read DOMO Reviews

Starting Price: Available on Request

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Recent Review

"A must-have for marketers" - Rachael Hoerauf

Contenders | 2023

#5

A business intelligence tool, which could be credited for the success of many enterprises. Its integrated viability uplifts the functionality of your business. By eliminating restriction put on data size and practicality of all sorts of data, this business intelligence software enables the interactive interface of that data. Read Sisense Reviews

Starting Price: Available on Request

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Recent Review

"Compact and prompt software" - Kiran Shastri

#6

Dundas BI is the all-inclusive business intelligence tool for your business needs. This business intelligence software brings the use real-time technologies into the core modus operandi of a medium to an enterprise organization. You can maintain performance metrics, ad hoc reports, dashboard, benchmarking and many other analogous functions efficiently. Read Dundas BI Reviews

Starting Price: Available on Request

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Recent Review

"Great software to do data management" - Ali Ahmad

#7

Your hunt for best business analytics tools will end up at Looker. Premeditated especially to effective investigation of all the business data by means of the thorough process, this business intelligence software helps an organization to improve its might in order to thrive in this competitive world. Read Looker Reviews

Starting Price: Available on Request

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Recent Review

"A great tool for Visualisation and Data Analysis" - Ankur Arora

Category Champions | 2023

#8

A company needs to make the most of its database in order to thrive in this competitive world. Microsoft Power BI is a business intelligence tool that does this job accurately and resiliently. Crate datasheets, share them, and do a quick analysis of data via this business intelligence software. Read Microsoft Power BI Reviews

Starting Price: Available on Request

Recent Review

"Powerful tool for analyzing and modeling your data." -

Contenders | 2023

#9

This cloud-based BI tool has changed the face of data handling within a firm. It manages all the data related to the employees of the company. With the worthy assistance of this business intelligence tool, one can easily maintain the manpower data such as performance, attendance, salary, and workflow.  Read UltiPro Reviews

Starting Price: Available on Request

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Recent Review

"Highly customized software" - Sakshi Jain

Emergents | 2023

#10

Intellicus is a simple, secure, scalable, self-serve analytics platform. It is an end to end BI solution covering the complete spectrum of business intelligence – from Data Extraction to Data Processing to Delivery of Insights. Learn more about Intellicus

Starting Price: Available on Request

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#11

Slemma business analytic tool came into being with a motto to cut down the hassle involved in data management of any firm. This business intelligence tool has been integrated with adroit dashboards that display client’s reporting. This BI software helps to analyze the data to expand revenues and condense costs. Read Slemma Reviews

Starting Price: Starting Price: $29 Per Month

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Recent Review

"Simple yet competent software" - Rajesh Thasle

#12

This BI tool simplifies the arduous job of data management. As business intelligence software, it perks up the efficiency of any firm by implementing the virtual computing environment. Make spreadsheets, reports and sort your data without much of brainstorming. Sharing information within an organization was never so easy.   Read SAS Analytics Pro Reviews

Starting Price: Available on Request

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Recent Review

"Overall review" - Kumar

Contenders | 2023

#13

Databox is a very easy, flexible and user-friendly business intelligence software solution. That is first of KPI dashboards for business. It is based on goals or connection with any of them straightforwardly to get help one-on-one. Read Databox Reviews

Starting Price: Available on Request

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Recent Review

"Databox" - Silky Singla

#14

This business intelligence tool ameliorates data management system within an organization.  With features such as performance metrics, competent dashboard, thorough data analysis and many more, this business intelligence software is deploying into the core business system of almost every firm. Read Yellowfin BI Reviews

Starting Price: Available on Request

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Recent Review

"One for all accounting needs" - Kevin Smith

#15

Getting BI solutions, regular BI reports, and visual presentation of data are arduous tasks, only if you are not taking the worthy assistance of this Business Intelligence tool. One can effortlessly share the front-end and back-end operation details easily with the help of this business intelligence system. Read board Business Intelligence Reviews

Starting Price: Available on Request

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Recent Review

"It will help you to speed up the data mining process" - Nick Wilson

#16

One of the most resilient and robust business intelligence tools, Deltek is altering the way data used to get handled. This business intelligence system takes an entire set of potent features including task management, proposal management, and various collaboration tools to ease down the data management within a firm.  Read Deltek Cloud Reviews

Starting Price: Available on Request

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Recent Review

"Most ideal software for start-up and SME’s" - Kishor Patel

#17

Being a robust accounting tool and perfect BI reporting aid, this ERP solution holds the back of numerous successful enterprises. Developed by experts’ hands, this business intelligence tool will trim down the hassle involved in billing and invoicing, cash management, and many various other similar activities. It offers all-inclusive BI solution to any firm. Read Microsoft Accounting Reviews

Starting Price: Starting Price: $210 per user/month

Mobile App

Recent Review

"Microsoft Dynamics 365" - Shravan Chaurasiya

Category Champions | 2023

#18

SAP Business One for SMEs is one of the most trusted, cost-effective and integrated ERP and business intelligence solution. Made to meet the entire basic requirement for a thriving business, this business intelligence tool helps to carry out operations such as creating an inventory, managing sales reports, and HR system.  Read Uneecops - SAP Business One Reviews

Starting Price: Available on Request

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Recent Review

"Jewellery ERP Software helped grow my business" - Pankaj Sharma

Most Reviewed

Emergents | 2023

#19

IDOS Business intelligence, provides a complete Accounting and Financial Management solution which is accompanied with automatic compliance. It helps business managers in strategizing quickly, as this Business Intelligence tools provides reports and dashboards which make your work simpler. Read IDOS Reviews

Starting Price: Available on Request

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Recent Review

"Very constructive and nifty software for handling accounts" - Ramesh Lathiya

#20

It is a web based data visualization tool designed with customization and mobile support. The BI tool is popular for it budgeting, analysis, forcasting and other such indicators. You can start usin this BI software for free. Learn more about Izenda

Starting Price: Available on Request

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Until 31st Mar 2023

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Business Intelligence Software

What Is Business Intelligence Software?

Every day, 2.5 quintillion bytes of data are created. In the last two years alone, 90% of the data was generated.

This big data refers to large data sets that are too complex and unorganized for traditional data processing and data management applications.

Business intelligence software, also known as BI software, is a set of applications that helps in sourcing, sorting, analyzing, and presenting complex data into actionable insights.

BI tools can present analytical findings in summaries, reports, graphs, dashboards, charts, and maps.

It helps businesses better understand an organization's strengths and weaknesses.

The first comprehensive business intelligence systems were developed in the period between 1970 and 1990 by IBM and Siebel.

Today, it is typically used by business owners, managers, senior executives, and frontline staff like sales, support, and purchasing.

Key Benefits of Business Intelligence Tool

Key Benefits of Business Intelligence Tool

People often ask this question, "Why should I use BI tools? How will it benefit my organizations?"

Here are a few benefits that a business intelligence tool has to offer.

1. Gain Valuable Insights for Your Business Growth

There are several reports that you can generate using business intelligence tools.

Business intelligence software collects, access, and analyzes data to deliver actionable insights. Business owners use it to generate reports on a variety of data sets like operational processes, staffing and customer service, expenses stream, and more.

BI software allows combining relational data and multidimensional data models with real-time data. It also enables cross-departmental collaboration that helps manipulate the enormous volume of data and dig deeper into business performance.

It allows you to identify growth areas, forecast future demands, develop new products, and determine your market position.

2. Eliminate Guesswork

Until the introduction of BI tools, companies were forced to rely on month-old reports to make crucial decisions regarding finances, marketing efforts, management, and more.

Sometimes, they even made decisions based on their guts.

But with business intelligence solutions, organizations can make data-driven decisions that often result in a competitive advantage for their business.

BI tools are well-equipped with powerful analytics capabilities that process raw market data in real-time. New data is produced continuously.

Besides, BI solutions have an intuitive interface that can be accessed by even non-tech users, allowing them to run data processing.

It clearly takes a great deal of stress and uncertainty from the business.

3. Gauge Business Performance

Business intelligence tools have scorecards and dashboards that give complete visibility into business performance.

Businesses can input data-based goals such as target delivery time, and then track progress on a daily basis. All you need to do is customize metrics to align with your company's goal.

All the reports can be generated in real-time. Thus, it enables professionals to track goal fulfillment and give you an overall view of organizational productivity.

In fact, most advanced solutions even let you set trigger alerts if you reach a minimum or maximum threshold of your performance range. That way, senior executives or managers can take immediate action to rectify the situation.

By adequately implementing business intelligence tools, you can positively boost your performance.

4. Sales Intelligence

Companies can't take advantage of when they are not aware of the future. But now, with business intelligence software, organizations can identify opportunities and try to make the most of it.

The best business intelligence systems offer predictive analytics and forecasting that enable you to anticipate future outcomes.

These applications study patterns — historical, recurring, and current to forecast future market demands. Those insights can help identify customer preferences. You can then use them to your advantage to maximize your sales.

In fact, these insights can be useful in convincing your stakeholders about your company's products and services.

This ability to anticipate the market's future reaction adds to company flexibility. And it can be quite beneficial for highly disruptive industries like retail, tech, and entertainment.

5. Address Issues Immediately

One significant advantage of online business intelligence tools is that it helps deal with crises instantly.

With the help of BI solutions, you can generate insights in a matter of a few minutes and use this information to make a smart action before the problems escalate.

For instance, it can help identify which branch has the surplus inventory to re-allocate to a branch in need. You can extract essential data at such critical times to find a solution.

Robust Features of Business Intelligence Software

Robust Features of Business Intelligence Software

Now that you know the benefits of using business intelligence software, let's look at its features.

These features help to accomplish various tasks.

1. Data Visualisation

Data visualization allows companies to break down complex information into visually appealing graphical forms. It becomes easy for users to quickly understand the report in a more simplified manner.

It can be presented in charts, map, or table format, which ensures that information is efficiently communicated across different levels of the business.

Thus, data visualization is one of the important components in making business intelligence widely accessible.

2. Mobile Access

As data continues to grow, companies are turning to the cloud for storing, managing, and analyzing their big data.

Besides, executives are always on the go. Thus, they must be able to access the data from wherever they are. They should also have accessibility from any device, including a smartphone, tablet, and desktop.

The cloud service has enabled syncing of information in real-time. Thus, the popularity of mobile-responsive business intelligence is also on the rise.

3. Integration

One important feature is the ability of online business intelligence software to integrate with other applications.

Business intelligence platforms have to rely on various data sources, such as CRM systems, ERP systems, and more to gather data and convert it into meaningful insights.

Online business intelligence tools are available as a standalone application. However, many vendors already tie it up with other business applications, such as content management, sales and accounting module, and more.

4. Reporting

The primary role of business intelligence is to sort the data and help businesses gain insights.

Business intelligence reporting can be customized as well as ad hoc.

Customized reporting is based on specific metrics. You can sort the data subsets and arrange the data points in an order that matters to you.

Whereas, ad-hoc reports allow you to quickly generate reports at the time of an urgent requirement.

5. OLAP

OLAP is an acronym for online analytical processing.

OLAP tools enable you to analyze multidimensional data in real-time. In fact, it can also analyze the same data simultaneously with other analytics processing.

For instance, the same sales data set can be used to analyze project progress as well as an individual's performance. OLAP data is stored in cubes instead of tables.

While looking for the best business intelligence tools, look for OLAP functionalities, like data unification, complex business queries, and data mashups.

Potential Problems With Business Intelligence Software, and How to Fix Them

There is no denying that BI contributes to organizational success. However, getting it right comes with its own share of obstacles.

Let us look at some of these potential issues, and how you can fix them.

1. Lack of a Clearly-Defined BI Strategy

One of the most common challenges faced by companies is that despite installing an excellent business intelligence solution, there is a lack of a clearly defined BI strategy.

Without having a proper data-driven strategy, you will not be able to realize its full potential.

Companies should develop a roadmap that will add value throughout the organization.

2. Lack of Company-wide Adoption

Before installing BI solutions, it's important to have all stakeholders on the same page.

For instance, in a small business, employees might resist the data culture. They might not be encouraging about the adoption of BI.

But this issue can be solved by properly communicating about the advantage of retail business intelligence solutions. Explain to them how it will enhance their productivity and how the adoption costs will outweigh the benefits.

3. Unused or Under-utilized Complex BI Modules

Without realizing their need for BI, they implement a solution that tries to cover the whole range of business analytics.

But not all businesses need to cover every functionality. This results in some of these sophisticated tools unused.

This might also negatively impact your work productivity as the structure might seem complicated and waste a lot of time for staff members. Besides, it can become a liability as its cost might not be optimized.

4. Difficulty in Installation and Deployment

An unplanned and rushed installation is often unsuccessful. Besides, it has been seen that the BI system rollouts can take a year or more in large enterprises.

This can disrupt the entire business operations for a long.

That's why the logical solution is to take a step-by-step approach to implement online business intelligence tools.

Senior executives can list out all the issues they are planning to solve with the best business intelligence software. And then, instead of trying to solve every business problem at once, they can prioritize it.

Buyer Guide to Choose Right Business Intelligence Software

Buyer Guide to Choose Right Business Intelligence Software

Big data and business analytics are estimated to reach $512.04 Billion by 2026 from $171.39 Billion in 2018, at a CAGR of 14.80% between 2019 and 2026.

Clearly, more companies today are realizing its value across the organization.

To reap its benefits, businesses need to choose the right business intelligence platform. Here's how you can do it.

1. Ease of Use

When choosing a business intelligence platform, it is of utmost importance to consider intuitiveness as the main factor.

The ease of use directly correlates with enhanced productivity as even non-tech users can access the system without much difficulty. Besides, when a new member is hired, managers don't have to spend much time in their training.

Some of the features to look out for: collaboration features, drag-and-drop mechanisms, self-learning database, toggle view, filter data, and more.

2. Accuracy of Reporting Tools

Even though the accuracy of data largely depends on the raw data, how the data is processed equally matters.

Not every BI solution is created equally. That's why you should check out the software's OLAP capabilities. The more comprehensive the OLAP tools, the more is the accuracy of data.

Your business success depends on the accuracy of the data.

3. Customization

Another significant factor is its ability to customize. When you choose to implement a business intelligence software, you need to think from a long-term perspective.

It is not something you can change every two years. That's why for long-term software exploitation, make sure that the solution can be tweaked and modified to adapt to changing business processes.

At the same time, you need to consider your business long-term goals. How you plan to expand in the future, and how this BI tool is going to help.

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FAQs of Business Intelligence Tools

A business intelligence platform should provide the tools you need to collect and analyze data about your business, customers, and competitors—and then use that data to make better decisions.

Business intelligence platforms can help you make sense of the information in your organization's databases. They can help you find out what's working and what's not so that you can adjust accordingly. They can also help you monitor competitors' activities and stay on top of industry trends.

Business intelligence tool is a type of application software designed to retrieve, analyze, transform, and report data for business intelligence.

Last Updated: February 27, 2023