People interested in professions in business intelligence (BI) need to be conversant with specific software tools, just like a handyman requires a toolbox full of hammers, nails, and screwdrivers. Business intelligence includes the processes, plans, and resources that organizations employ to gather, prepare, and examine data.
Based on the insights discovered, business intelligence technologies can help organizations find new ways to increase their return on investment (ROI) and competitive advantage. Consider using one of these tools to advance your career because they are utilized by all company users, industries, and divisions.
Here are five of the most popular BI tools and a look at the advantages of using them.
A business intelligence (BI) tool is what?
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.
The tools are capable of carrying out many different tasks, including text mining, predictive analytics, performance management, analytics, and reporting. Employees can therefore use this information to guide smarter decisions based on forecasts, market trends, and KPIs (KPIs).
advantages of BI tools
Your company may achieve greater objectives by using BI technologies to assist you make quick, informed decisions.
All of your information is centralized in one location. Numerous databases, portals, enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, and other sources are used by businesses to collect data. You’ll need business intelligence solutions to pool the data together and give specific views (problems, trends, analytics) based on your queries or what you want to know in order to make sense of it all.
Self-sufficiency: Data no longer just belongs to the IT department at your firm. Now, even interns with no technical knowledge can access and evaluate the data required for their teams by any employee. They can produce reports on all 2020 electronic sales, or they can look at patient records to count the COVID-19 instances in 2022.
Make predictions: Staff members are able to take informed judgments since they have access to a wealth of historical and current data. Users can produce insights based on a product or service’s performance history using predictive analytics and forecasting. The intelligent tools can automatically identify abnormalities if a business situation changes, allowing you to respond to interruptions as they happen.
Automatic reports: Many BI solutions are automated, eliminating the need for human data entry into Excel spreadsheets or switching between various applications. The program will provide a report on a product over a specified time period if you need one. You can generate interactive visualizations and download any necessary charts or graphs if that information is significant and you want to use it in a presentation.
Reduces company costs: Because BI systems are capable of so much, including sales forecasting, consumer behavior analysis, and real-time process monitoring, analyzing, planning, and reporting processes are more precise and efficient than before. In fact, more than 50% of users of BI software claimed that these advantages had helped them save expenses and boost income .
top five business intelligence instruments
Numerous BI tools are available nowadays. These were the five that were most frequently mentioned on the websites that listed the top BI tools to select the top five. There is no special ranking for these five BI tools.
Microsoft Power BI, first
Microsoft, a renowned provider of software, offers Power BI, one of the most well-liked BI solutions. With this application, you may choose to perform analytics on a reporting server or in the cloud because it is downloadable software. This interactive tool can generate reports and dashboards in a matter of minutes by syncing with sources like Facebook, Oracle, and more. It includes end-to-end data encryption, real-time access monitoring, Excel connection, and data connectors as built-in features.
Learn Power BI with Coursera: With this guided project, you can gain a fundamental understanding of Power BI Desktop in just two hours. In order to generate interactive reports and dashboards, you will load and alter data.
Although Tableau is renowned for its user-friendly data visualization features, it is capable of more than just creating attractive charts. Their product line includes live visual analytics, a drag-and-drop interface that enables users to instantly identify trends in data. The application is compatible with a variety of data sources, including Google Analytics, Microsoft Excel, Box, and PDF files. Its adaptability includes the ability to interface with the majority of databases.
There are various ways to learn how to utilize Tableau, including through Coursera.
Specialization in Data Visualization using Tableau from the University of California, Davis
Use Tableau for Your University of California Irvine Data Science Workflow Specialization
Duke University’s Data Visualization and Communication course using Tableau
Tableau 3 Guided Project for Visualizing Citibike Trips QlikSense
A self-service approach is prioritized by the BI solution QlikSense, which offers a variety of analytics use cases, from guided apps and dashboards to custom and integrated analytics. It features a user-friendly interface that is touchscreen-optimized, cutting-edge AI, and powerful cloud platforms. Users can ask questions and find answers utilizing its associative exploration feature, Search & Conversational Analytics, which improves data literacy for people who are new to using BI tools.
Dundas BI 4.
For 25 years, Dundas BI has been a browser-based business intelligence application. Similar to Tableau, Dundas BI has a drag-and-drop functionality that enables consumers to conduct independent data analysis without contacting their IT team. Through interactive dashboards, reports, and visual analytics, the technology is renowned for its simplicity and adaptability. It started out in 1992 as a tool for data visualization but has since developed into an all-encompassing analytics platform that can compete with the newest business intelligence solutions on the market today.
Sisense is an intuitive BI solution that emphasizes simplification and streamlining. You may export data with this tool from a variety of sources, including Salesforce, Google Analytics, and more. Compared to other tools, its in-chip technology enables faster data processing. White-label analytics can be embedded, which allows a business to completely tailor the services to its needs. It has a drag-and-drop feature like other things. You can share reports and dashboards both internally within your team and externally using Sisense.
Other well-liked BI tools are: Google Data Studio, HubSpot, Tibco Spotfire, BIRT, Intercom, Oracle BI, SAS Visual Analytics, Domo, Datapine, Yellowfin BI, Clear Analytics, Board, MicroStrategy, IBM Cognos Analytics, and SAP Business Objects.
On your resume, mention BI tools.
You can learn on your own or while working to become acquainted with one or more BI tools. If it makes sense for the function and industry in which you’re applying, you can gain from including the most popular ones in the skills section of your resume. After all, many top organizations employ them. Particularly if it is included in the job description, hiring managers may specifically look out for candidates who have experience with particular BI tools.
Continue reading: Examples + Guide for Listing Certifications on a Resume
Coursera’s business intelligence study program
Dive into Business Intelligence Concepts, Tools, and Applications to learn how to work with large data sets using MicroStrategy’s Online Analytical Processing and Visualization capabilities to create visualizations and dashboards. Any business sector can benefit from using these skills to enhance strategic decision-making.
If you’re interested in pursuing a career in data analytics as a data analyst, data scientist, or data warehouse specialist, consider enrolling in Google’s Data Analytics. Gaining these abilities will help you start a career in business intelligence by enabling you to manage, analyze, and visualize data for business insights.