Software Tools for Business Intelligence – Business intelligence software enables companies to gather, analyze, and visualize data in real-time.
The software helps businesses gain insights into their operations, identify areas of inefficiency, and make data-driven decisions.
There are several software tools available for business intelligence, each with its unique features and costs.
Tableau
Tableau is a powerful data visualization tool that enables businesses to analyze data and gain insights.
It has an intuitive interface and enables users to create interactive dashboards, reports, and charts.
Tableau is widely used in the automotive industry and provides industry-specific features like data integration with automotive-specific systems and real-time analytics capabilities.
The cost of Tableau starts at $35 per user per month for Tableau Creator, $70 per user per month for Tableau Explorer, and $12 per user per month for Tableau Viewer.
Power BI
Power BI is a business analytics service provided by Microsoft.
It enables businesses to visualize and analyze data from various sources, including Excel spreadsheets, cloud services, and on-premise data sources.
Power BI provides interactive dashboards, reports, and real-time analytics capabilities.
The cost of Power BI starts at $9.99 per user per month for Power BI Pro and $20 per user per month for Power BI Premium.
QlikView
QlikView is a data discovery and visualization tool that enables businesses to analyze large volumes of data.
It provides users with interactive dashboards and real-time analytics capabilities.
QlikView is widely used in the automotive industry and provides industry-specific features like data integration with automotive-specific systems and real-time analytics capabilities.
The cost of QlikView is not disclosed on its website and requires a quote from the company.
SAP BusinessObjects
SAP BusinessObjects is a business intelligence platform that enables businesses to analyze data from various sources, including Excel spreadsheets, cloud services, and on-premise data sources.
It provides users with interactive dashboards, reports, and real-time analytics capabilities.
SAP BusinessObjects is widely used in the automotive industry and provides industry-specific features like data integration with automotive-specific systems and real-time analytics capabilities.
The cost of SAP BusinessObjects starts at $1,295 per user for SAP Crystal Reports and $9,995 for SAP BusinessObjects Edge.
IBM Cognos Analytics
IBM Cognos Analytics is a business intelligence platform that enables businesses to analyze data from various sources, including Excel spreadsheets, cloud services, and on-premise data sources.
It provides users with interactive dashboards, reports, and real-time analytics capabilities.
IBM Cognos Analytics is widely used in the automotive industry and provides industry-specific features like data integration with automotive-specific systems and real-time analytics capabilities.
The cost of IBM Cognos Analytics is not disclosed on its website and requires a quote from the company.
We all know that it’s hard to control all the business operations. Therefore, you’ll need software tools for business intelligence.
What Are Software Tools for Business Intelligence?
A business intelligence (BI) software tool is an application gathering, processing, analyzing, and visualizing data from the past to future.
Key elements include KPI scorecards, interactive dashboarding, visual analytics, and data visualization.
Then, this software allows you to have automated self-service reporting. In addition, it offers predictive analytics capability.
So, the process o analysis will be fast & accessible. Of course, everything starts with technology.
Why Need Software Tools for Business Intelligence?
Business intelligence applications offers some benefits:
1. Bringing Relevant Data Together
Whether you run a smaller or larger company, you must gather data from different sources. With this software, you can handle them and even get a better understanding.
2. Providing Predictive Analytics
Besides that, you can also take advantage of predictive analytics. Even more, this tech reduces manual labor & automate procedures.
3. Eliminating Manual Tasks
Then, software tools for business intelligence eliminate some manual tasks, too. So, you don’t need to be confused working with spreadsheets.
The Costs of Software Tools for Business Intelligence
For your information, business intelligence software averagely costs about $3,000/year. Of course, there’re many other solutions with higher costs.
Actually, the prices of BI software tools range from $600/year (lower end) to $6,000/year (top).
Anyone who invests in a platform at this price range will certainly want to ensure that the platform really pays off.
However, there’re many other factors to consider besides the pricing. So, make sure that you find the platform that fits your budget and meets your own analytical needs.
When looking for software tools for business intelligence, you should consider learning time, data accessibility, and ease of use.
Moreover, you must look for data infrastructure, setup & service, integrations, and solution management.
