Synthesizing data from across your tech stack: BI tools typically connect with multiple platforms to aggregate large subsets of data from several sources. The right BI tool will collect all your data from various databases, portals, and systems, enabling decision-makers to analyze much larger data sets much quicker than they would be able to manually.
Improved reporting and data sharing: One of the greatest benefits of BI tools is their reporting capabilities. These platforms use data mining and data visualization to deliver data in an easy-to-consume format that business analysts can share with relevant stakeholders.
Enabling better decision-making: Data insights are driving business decisions more than ever before, helping companies learn from trends and mistakes to optimize their sales, product development, and taiwan number example marketing strategies. These tools can ultimately help cut costs and increase revenue.
The 6 best business intelligence tools
With hundreds of BI tools on the market, there are many options available for both small businesses and enterprises. Below, we’ve gathered six of the best business intelligence tools and provided recommendations on what types of companies might benefit from them the most.
1. Microsoft Power BI
One of the most popular BI tools is Microsoft Power BI. One of Power BI’s greatest attractions is that it integrates seamlessly with Microsoft 365’s
Power BI functions as a single hub for your company’s data, providing AI-generated insights and user-friendly reporting capabilities. Power BI also enables you to infuse data insights throughout your Microsoft ecosystem. And with Microsoft Fabric, users without paid seats can still access workloads and reports.
It’s important to note that Power BI uses a proprietary data modeling language called DAX (Data Analysis Expressions) that may take users some getting used to. The software is also known for having a steep learning curve.
Power BI may be an excellent solution for teams already fluent in Microsoft 365 apps like Word, PowerPoint, and Excel.
Price: Pricing starts at $10 per user per month. Power BI also has a free plan.
2. Tableau
Now owned by Salesforce, Tableau is one of the foremost BI tools and has been around for over two decades.
Tableau is often praised for its data visualization functionality. Users can easily create custom, dynamic visualizations using drag-and-drop, then share them with colleagues. This flexibility is a powerful tool for data visualization.