Entrepreneurs need to make effective and successful business plans to stay ahead of the curve in this competitive landscape. It’s a pivotal factor to thrive and reach new heights. That’s when business intelligence (BI) comes into play. BI software serves as an innovative assistant or companion to business owners, giving valuable insights to help them make quick, data-driven decisions.
This cutting-edge technology is designed to assist entrepreneurs like you in understanding your business performance, assessing risk, opportunity, or trends, visualising data and anticipating future needs. BI platforms aren’t one-size-fits-all, so it’s crucial to meticulously research the options to find the right one for your company.
Here are the five of the most popular BI software for entrepreneurs to make things easier for you.
Microsoft Power BI
Microsoft Power BI is a cloud-based service that enables you to create insightful reports and dashboards with simple drag-and-drop features. It’s used to centralise data from various sources, including Excel, SQL Server, Oracle, Azure, and many more, into one single place for analysis.
This software is ideal for entrepreneurs to make informed decisions and improve business operations. Moreover, the Microsoft Power BI classroom training and live online courses can equip you with the necessary skills to effectively and efficiently use this platform. Doing so will be a great addition to your business toolkit.
Microsoft Power BI technology has various unique advantages to offer, such as the following:
- Quick collaboration
- Continuous updates
- Excellent accessibility
- Strong bond connectivity
- Customisable dashboards
- Informative and shareable reports
- Attractive and custom visualisations
Tableau is a data visualisation software and a powerful and fastest-growing business intelligence tool. It provides interactive data dashboards, charts, graphs, and maps to understand better your business performance or planning execution at a glance. This software helps you avoid analytic pitfalls and quickly spot marketing campaign trends and opportunities, taking your company to the next level.
The best thing about this state-of-the-art tool is that it doesn’t require any technical or programming expertise. Tableau Software has gained interest from different industries like researchers, marketers, financial analysis, and more.
Here are a few benefits you can reap from using the Tableau tool:
- Ease implementation
- Superior data visualisation
- Multiple scripting languages
- Comprehensive customer resources
- Capacity to handle massive datasets
Sisense is known as one of the best business intelligence tools. With its advanced features, you can efficiently analyse and grasp complex data. It has an intuitive interface that even non-tech-savvy users can easily navigate, making it an excellent choice for everyone, from start-ups or small businesses to large enterprises and business analysts to executives.
Some expert panels are highly impressed by Sisense’s ability because of its unique combination of power and simplicity, which give you a helping hand to get more from your data in less time. Additionally, the free trial version will let you explore its features and see how it can boost your business’s productivity.
Take a look at some pros you can enjoy with Sisense BI:
- Rapid deployment
- Real-time intuition
- Embedded insights
- Self-data preparation
- Good customer support
- Powerful predictive analytics
- Manage all data needs in a single platform
Domo is a cloud-based dashboarding BI platform that transforms raw data into visual or contextual insights. It’s complete data management software that offers many features and tools you need to collect, organise, analyse, and share custom reports and performance metrics.
The tool is popular among CEOs and other top organisations as it provides them with a broad view of their company’s operations and growth. It also allows them to swiftly drill down to identify issues or opportunities and take necessary actions. Domo software integrates with all the business applications needed to track all aspects of your business in one place.
Check out these advantages you can gain using Domo BI software:
- Mobile friendly
- Data integration
- Real-time updates
- Rapid data analysis
- Fully customisable dashboards
- Support huge data volumes
SAP BusinessObjects is a flexible and comprehensive BI suite that enables you to evaluate data and get actionable insights quickly. It offers an end-to-end solution covering the entire data interpretation process, from acquisition to reporting and dashboard creation. Businesses of all sizes use this software to make centric managerial decisions, financial planning, and operation management.
One of the best things about SAP BusinessObjects is that it’s scalable, so you can add more users and functionality as your company grows. It also offers several great features, such as data mining, text analytics, predictive modelling, and social media analysis. Plus, it comes with excellent customer support.
Below are the benefits of incorporating SAP BusinessObjects into your company:
- Broad functionality
- Flexible licensing
- Robust reporting and analytics
- Reduce total cost of ownership
- Long-term operational stability and financial growth
There’s no doubt that entrepreneurs should embrace the latest technology, such as BI software. It’s a powerful tool that helps you acquire valuable insights into your business and make sound decisions based on data.
The BI tool programs mentioned here are all excellent choices, as they provide various features and benefits. So, take your time to assess each one’s best qualities and choose the right software that best suits your business needs.