Business Intelligence (BI) Tools

Best Business Intelligence (BI) Tools in 2022

Similar to a handyman’s requirements for a toolbox with nails, hammers, and screwdrivers, people willing to work with business intelligence (BI) should stay familiar with the different types of business intelligence tools. Business intelligence revolves around strategies, software functions, and tools organizations utilize to gather, process, and analyze data. 

The best business intelligence tools can recognize new avenues for your business and improve your ROI and competitive edge according to the insights they explore. Moreover, these BI tools work across different departments and various industrial verticals. Thus, trying them may enable you to explore possibilities to accelerate your career.

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Before we explore the different types of business intelligence tools, let’s first look at what BI tool actually is.

What is a Business Intelligence (BI) tool?

Large volumes of organized and unstructured data are gathered, processed, and analyzed by business intelligence tools from both internal and external sources. Documents, pictures, emails, movies, journals, books, posts on social media, and more can all be used as data sources. BI tools employ queries to retrieve this data, which can then be shown as reports, dashboards, charts, and graphs for ease of use.

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These BI tools can perform many tasks, including text mining, predictive analytics, performance management, and reporting. Employees can therefore use this information to guide smarter decisions based on forecasts, market trends, and KPIs (KPIs).

List of Best Business Intelligence (BI) Tools

The list below contains free open source and paid commercial BI tools available in 2022. Go through the key features of these best BI tools to make an appropriate choice.

1. Zoho Analytics

Being an analytics platform and self-service business intelligence, Zoho Analytics is one of the best BI tools. It enables users to build informative panels and visually explore any data quickly. Thanks to its AI-backed assistant, users can ask inquiries and receive intelligent responses in the form of insightful reports. 

Key Features-

  • 100+ pre-built connectors for databases, cloud storage, and common business apps.
  • Charts, summary views, pivot tables, KPI widgets, and dashboards with custom themes are among the many visualization choices.
  • Data from several business programs can be analyzed using unified business analytics.
  • Analytics with Artificial Intelligence, NLP, and ML enhancements.
  • Analytics tools with incorporated branding and white label BI dashboards.

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This business intelligence tool improves the value of entrepreneurial data by constantly validating and evaluating data quality. BiG EVAL also automates the testing procedures during report and assessment development. This impressive automation feature and the simple user interface ensure same-day advantages. 

Key Features-

  • Measuring and assessing data quality automatically, powered by metadata.
  • Algorithms, test behaviour, and rules are fully adjustable.
  • Multiple best practices validation templates are available in a gallery for your usage.
  • Analysis of great depth with transparent portals and alerting mechanisms.
  • Integration with countless tools, including Jira, Slack, ServiceNow, and Teams, among others.
  • Embedded into DevOps CI/CD pipelines and DataOps procedures.
  • Numerous connectors to every type of data are available ( APIs, RDBMS, business apps, Flatfiles, SaaS, etc.).

3. Yellowfin

A global provider of analytics and business intelligence (BI) tools, Yellowfin offers a line of exceptional products that are driven by automation. Yellowfin was designed for decision-makers and enables more people to visit, comprehend, and work on their data via information storytelling, teamwork, and gorgeous action-based portals. This business intelligence tool has five essential products that are strictly integrated into one analytics platform to build, deploy, and handle analytics of the whole organization, along with entire white-labelling support.

Key Features-

  • Actionable dashboards that automatically alert users to relevant information
  • NLQ, machine learning, and automated business monitoring (ABM) technologies enhance analytics.
  • Drag-and-drop report and metrics visualization creator that is simple
  • Tools for partnership and data storytelling
  • Data preparation for self-service using integrations for JDBC databases, CSV, XML/A, and external sources like Google Analytics, SFDC, and more
  • Support for smooth OEM BI white-labeling for embedded or standalone analytics.

3. Netsuite 

An intuitive and one of the best business intelligence tools, Netsuite SuiteAnalytics, offers real-time visibility into the operational and financial performance of an organization across all business areas. It aids trends discovery and offers valuable insights for business expansion.

Key Features-

  • Improve communications and reporting procedures.
  • Enables you to add performance measures for your business to your dashboards and KPIs.
  • Without relying on IT, it enables you to distribute information to analysts and decision-makers.
  • Enables the combination of data and visual analytics to produce useful business insights.
  • Streamline your planning process, involve business users, and reduce cycle times.
  • Decreases the amount of time needed to gather and reconcile information.

4. Clear Analytics

A method for precise, timely, and transparent business insights is called Clear Analytics. This business intelligence tool aids in meeting organizational needs. This BI solution makes it simple to extract significant amounts of data from trustworthy sources and displays it as expert reports.

Key Features-

  • Delivers software solutions that demand lesser manual efforts.
  • Dashboard building
  • Visual data presentation 
  • Provides KPIs
  • Indicates errors easily
  • Supports in strategic planning
  • Provides predictive analysis

5. SAP Business Analytics

It is an all-integrated Business Intelligence (BI) tool. Being an enterprise-level app, it is available for open server systems. In addition, it comprises a set of new standards to offer business analytics data and management solutions. 

Key Features-

  • It offers incredibly adaptable and transparent business solutions.
  • It can integrate any system with the application created with SAP.
  • It utilizes the modular idea for simple setup and efficient use of space.
  • Enables the development of a next-generation database system that integrates analytics and transactions.
  • Support either on-site or cloud deployment.
  • Simplified design for data warehouses.
  • Simple SAP and non-SAP application integration.

6. Microstrategy

Enterprise analytics software like MicroStrategy is another best Business Intelligence (BI) tool available in 2022. It enables individuals to improve their decision-making and alter their company practices. It provides the most cutting-edge and proactive analytics.

Key Features-

  • Progressive and predictive analytics
  • User-friendly and easy to maintain
  • High-performing business intelligence
  • Self-service analytics
  • Software as a service
  • Big data solutions
  • Scorecards and dashboards
  • Real-time WYSIWYG report designing
  • Enterprise Reporting 

7. Board

This Business Intelligence tool is not mere management software but an entire toolkit. It integrates features of business intelligence and corporate performance administration.  This BI tool is designed to deliver advanced intelligence and analytics to your business in a single package. 

Key Features

  • Utilize a single platform to analyze, simulate, plan, and predict.
  • to create specialized planning and analysis software
  • BI, Corporate Performance Management, and Business analytics are all included in Board All-In-One.
  • It gives companies the ability to create and maintain sophisticated analytical and planning software.
  • A proprietary platform that accesses many data sources facilitates reporting.

8. Pentaho 

Pentaho is a platform for business analytics and data warehousing that also acts as one of the best Business Intelligence (BI) tools. It allows users to users to access, find, and combine data of various sizes and types.

Key Features-

  • A platform for businesses to speed up the data pipeline
  • Community Dashboard Editor enables quick and effective implementation
  • Integration of big data without the need for coding
  • integrated analytics with ease
  • Utilize bespoke dashboards to visualize data
  • MongoDB operational reporting
  • A platform that speeds up the data pipeline

9. Jaspersoft

It is an open source and one of the best Business Intelligence (BI) tools available in 2022. Every day, it enables thousands of people globally to make wiser decisions. It offers adaptable, affordable, and broadly used business information solutions. In addition, highly interactive Web-based reporting, dashboards, and analyses enable better decision-making.

Key Features-

  • Provides reporting, data graphics, and data integration.
  • It can be integrated with any smartphone app for users to access data from anywhere.
  • It delivers support for decision-making via key performance and problem indicators.
  • It is a Saas, cloud platform, and On-premise BI tool.

10. IBM Cognos Analytics

IBM’s interactive Business Intelligence (BI) tool is called Cognos Analytics. It enables the exchange of data-driven insights in a controlled setting. It is one of the top reporting solutions for business intelligence that produces eye-catching dashboards and reports.

Cognos is a proprietary integrated BI solution that is web-based and was created by IBM.

Key Features-

  • Allows users to create their dashboards and access information from anywhere. Aids enterprises in successfully gaining insights.
  • To create both online and offline reports, it provides full data governance and cloud support.
  • Safe and accurate reporting
  • interdisciplinary predictive analyses
  • Modelling of processes with an intent

 11. Profitbase BI

This Business Intelligence (BI) tool called Profitbase provides vital company data. It enables businesses to keep track of and manage their operational performance. Many commercial markets, including manufacturing and retail, can use it.

Key Features-

  • It aids in hastening decision-making by providing timely and precise data.
  • It offers visibility into performance metrics and KPIs in the areas of finance, sales, and AP/AR.
  • It comprises an OLAP cube-enhanced data warehouse and is flexible and scaleable.
  • The BI software enables the addition of additional business systems through system upgrades or purchases.
  • It is a module-based BI platform that enables users to choose the analytic tools that are most suited to their needs.

Conclusion – Business Intelligence (BI) Tools

These best business intelligence (BI) tools help organizations and businesses make better decisions through beneficial insights driven by present and historical data. It enables companies to transform and visualize large amounts of structured and unstructured data into valuable information to enhance productivity and efficiency. However, an organization’s requirements may vary per the business setup and operating environments; remember to evaluate the best BI tool for your organization based on your prioritized parameters. 

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