That’s why utilising modern data connectors will help you in centralising the disparate sources and provide you with a single point of view on all your business processes. You need to obtain a high level of data intelligence to be able to manage all these sources and develop a better understanding of the collected information. They bring together all relevant data: Whether you work in a small company or large enterprise, you probably collect data from various portals, ERPs, CRMs, flat files, databases, APIs, and much more. Professional software and tools offer various prominent benefits, here we will focus on the most invaluable ones:ġ.

2) The benefits of business intelligence tools Additionally, they enable users to utilise automated reporting and predictive analytics features based on self-service.īut what are the exact benefits of these tools and what do they offer that traditional means of data management cannot? It all starts with technology. These tools include key features such as data visualisation, visual analytics, interactive dashboarding and KPI scorecards. 1) What are BI tools?īI tools are types of software used to gather, process, analyse, and visualise large volumes of past, current, and future data in order to generate actionable business insights, create interactive reports, and simplify the decision-making processes. We also took into consideration Capterra, as one of the most prominent websites for software comparisons and user reviews, also part of the Gartner family, the world’s leading advisory and research company. Here we will explain what is a BI tool, offer the most prominent benefits that a company can obtain by using them and provide a list of the best BI tools on the market with a review of each. Identifying trends, enabling self-service analytics, utilising powerful visualisations and offering real-time online data analysis are becoming the standard in business operations, strategic development and, ultimately, indispensable tools in increasing profit. These tools step up into collecting, analysing, monitoring, and predicting future business scenarios by creating a clear perspective of all the data a company manages.

By utilising modern and professional BI tools, each challenge can be addressed promptly, without the need for massive IT involvement. Ultimately, organisations and companies need certain help when it comes to making sustainable and profitable decisions. 3) What are the best BI tools on the market?Įnsuring all business processes are under control is getting harder each year since the massive volumes of data challenge businesses of all sizes.

Bi tools comparison