BIRT Analytics by Actuate
Actuate's business analytics software allows business analysts to take information from one or more data sources and present it in easy-to-understand graphical formats for business insights that can be seen instantly. BIRT is your on-ramp to predictive analytics with do-it-yourself visual data mining.
Birst Enterprise-caliber Cloud BI by Birst
Enterprise-caliber BI delivers accurate, actionable content in an intuitive, self-service business intelligence environment. It allows users to combine data from different source systems in a single BI platform to get answers to their most pressing business concerns in real time. And, when the questions change, it adapts quickly to the new request.
Unified business analytics
Pixel-perfect banded reporting, ad hoc query, data discovery and in-dashboard ad-hoc pivot from a single platform. Every interface has an extensive library of interactive visualizations. Create pivot tables, visualize data, and drill down into reports, all without involving IT.
All data elements in our analytical data store, including modeling results and all logical measures, are accessible for OLAP-style point and click analysis and report generation. Perform custom calculations with look-ups and statistical functions using Birst’s logical query language. Empower users to stay on top of their data with real-time alerts and notifications.
Collaborate and distribute analysis
Annotate dashboards with “sticky notes” to collaborate with your peers. Securely share critical analysis throughout the organization. Distribute results via email, file servers, or on mobile devices. Every report and dashboard can be scheduled, exported to PDF, Excel, PowerPoint, CSV and distributed via email throughout the enterprise.
Integrate data from many systems
Birst provides data extract options for on-premise databases, flat files, as well as on-premise and cloud applications. Integrate data from SAP BW, Salesforce.com, NetSuite, Marketo, Microsoft Analysis Services, and other operational systems. Birst extracts and loads data into an analytical data store or connects in real-time with Birst Live Access.
Automate complex data management tasks
Address the challenges of data integration with Birst’s uniform logical layer and automated data warehouse. Generate fact tables, dimension tables, join relationships, and the scripts for loading data —all with just a few clicks. Birst's BI platform automates database management activities including creation of time series measures, index management, and optimization of disk I/O for performance.
Deploy BI in weeks, not months
Don’t let BI slow down your business. Our customized solutions are deployed in weeks and subsequent features are released every two weeks. Birst’s BI platform ensures data accuracy and automation, easy integration and aggregation, support for multiple information consumption styles, flexible deployment options, and enterprise-wide scalability.
The QlikView Business Discovery platform delivers true self-service BI that empowers business users by driving innovative decision-making.
Understand your business in brand new ways by:
Pentaho Business Analytics by Pentaho
Pentaho Business Analytics
Make information-driven decisions that deliver value
Pentaho's modern, simplified and interactive approach empowers business users to access, discover and blend all types and sizes of data. With a spectrum of increasingly advanced analytics, from basic reports to predictive modeling, users can analyze and visualize data across multiple dimensions, all while minimizing dependence on IT. At the same time, a true designed-for-mobile experience ensures users are productive no matter where they are.
Panorama Necto by Panorama Software
Best of Enterprise BI and Visual Data Discovery – Combined
Panorama Necto is advancing Business Intelligence 3.0 to the next level, bringing together the very best of Enterprise BI with Visual Data Discovery, providing enterprises with new ways to collaborate and create unique contextual connections.
Necto 14 is the first BI solution to provide business users with personalized, intuitive, and interactive analytics, delivered through a highly visual and understandable infographic format. Business users can use Panorama Necto 14’s self-service data discovery and visualization capability to uncover hidden insight, present vital data, and track performance using interactive infographics that dynamically reflect business changes.Necto 14 improves every step of your business decision making process.
Infor BI by Infor
Infor BI lets you get the right information, to the right individuals, at the right time, so decision makers throughout your organization can identify new business opportunities and make more informed decisions. Infor BI is a comprehensive, integrated business intelligence platform that includes financial and operational reporting and analysis, dashboards, planning, budgeting, forecasting, role-based analytics, data mining, and financial consolidation capabilities. Infor BI integrates with applications and data sources of all kinds and is a key component of Infor BI. Infor BI can be used in conjunction with other Infor ION applications, or as a stand-alone solution.
Salient Collaborative Intelligence Suite by Salient Management
A Radical Innovation
Salient has pioneered a new business intelligence paradigm that merges the unique thought process of each individual with advanced data visualization. This enables everyone – non-technical as well as technical – to interrogate the data in order to discern patterns, trends and outliers. Users can understand the relationships among activities, costs and outcomes – and discover root cause in seconds.
Yellowfin Business Intelligence Platform by Yellowfin
Monitor your business with ease
Dashboards are the perfect way to monitor your business. Combine all the data you need into personalized real-time dashboards. Our dashboards are highly interactive - filter, drill to detail, and analyze right in a browser. With Yellowfin, you can go from data to dashboards in just hours; not weeks or months.
Brilliant data discovery and Analysis
Data discovery requires more than just basic filtering - you need to be able to explore your data. Yellowfin lets you analyze your data in ways you didn't think possible. Drill Down - Drill Through or Drill Anywhere - even across multiple data sources. We don't put barriers between you and your data.
Discover More About Your Business When You Visualize Your Data
Data visualization is not only a great way to present your data, but a powerful way to explore it as well. Yellowfin’s data visualization lets you spot outliers and trends with ease. With over 40 chart types - from sophisticated trellis charts, to popular line and metre charts - the right visualization is just a click away.
Mobile BI - Your data anywhere, anytime
You will love Yellowfin's mobile app. It combines outstanding collaborative features with great usability - simply swipe to browse dashboards, filter with a tap of a finger, or pinch and zoom. Our unique approach means that as soon as you publish a report, it's enabled on your favourite mobile device immediately.
Tell compelling stories with your data
Using Yellowfin's unique Storyboard you can communicate your insights more effectively by creating data rich presentations. Combine interactive reports with descriptive text to build a compelling story and then share this story with others. There is no better way to support your natural decision-making processes.
Collaborate and turn data into knowledge
Imagine what your people could do when they collaborate with your data. Providing visibility is one thing – but engaging in conversation, acting on data and sharing knowledge is what really makes the difference. Yellowfin helps you to do this and more. Yellowfin is the leader in collaborative BI.
BI Office by Pyramid Analytics
BI Office: A web-based Governed Data Discovery and BI platform
BI Office offers the full spectrum of data discovery and business analytics tools in a managed framework- or Governed Data Discovery.
BI Office is a web-based, cloud-enabled BI platform comprising three user interfaces: data discovery & analytics (bioXL), story & dashboards (bioPoint) and analytic narratives, report publishing and distribution (bioWriter). These modules are seamlessly integrated to form a single platform, allowing for instance an analytic view created in bioXL to be inserted into dashboard or a report by simply dragging and dropping. Dashboards are made interactive by simply drawing arrows between data assets. The Universal Data Mash-up and Connector tool (‘Mash-Pit’) enables users to take data from any data source (Big Data and small data) and build data models in minutes.
Combining a set of business user centric functionality with the horsepower of centralized governance, BI Office goes well beyond other data discovery or visualization tools.
TARGIT Business Intelligence in Services by TARGIT
Services-focused businesses manage massive amounts of information, from contractors to suppliers to employees to customers. Every service generates a new record, and every new record is an opportunity to learn more about how to make your business more efficient and successful.
Tableau Server by Tableau Software
The future of business intelligence
Tableau Server is a business intelligence application that provides browser-based analytics anyone can use. It’s a rapid-fire alternative to the slow pace of traditional business intelligence software. What makes Tableau different? It's designed for everyone. There's no scripting required, so anyone can become an analytics expert. You can grow your deployment as you need it. Train online for free. Find answers in minutes, not months.
Tableau Online by Tableau Software
The power of Tableau, in the cloud.
Tableau Online is a hosted version of Tableau Server. It makes business intelligence faster and easier than ever before. Publish dashboards with Tableau Desktop and share them with colleagues, partners or customers. Find answers in minutes—whenever, wherever you are.
Centralize your data, right in the cloud. Publish data sources from Tableau Desktop. Define data connections, add metadata and author entirely new calculations and data field for everyone to use.
Cloud data connections
Refresh Salesforce and Google Analytics data on set schedules at incremental levels. Maintain live, direct connections with Google BigQuery and Amazon Redshift. Get alerts when data connections fail. Or push data from inside your company to Tableau Online.
Author a dashboard once, view it anywhere, on any device. All dashboards are automatically optimized for mobile tablets without any programming. Use familiar tablet gestures to view and interact with dashboards in mobile web browsers or using native iPad and Android apps.
Get critical information right in your email inbox by subscribing to a workbook. Simply click into the email to interact with the data live in your web browser.
Tableau Online is built on the same enterprise-class architecture of Tableau Server. We also serve tens of thousands of views everyday with Tableau Public. Your content is ready, on-demand, on a reliable service used by millions around the world.
We run Tableau Online, so it will always have the latest technology built in, as soon as it’s ready. You just sit back and enjoy all the latestfeatures.
Tableau Desktop by Tableau Software
Discover insights at the speed of thought.
Connect to your data and perform queries without writing a single line of code. Follow your natural train of thought as you shift between views with drag-and-drop technology. Whether you measure your data in petabytes or in billions of rows, Tableau is built to work as fast as you do. It’s self-service analytics, for everyone. Download a free trial and get more results with less effort.
Features that are intuitive and powerful.
Visual analysis in a click
Powerful analytical tools—at your fingertips. Filter data dynamically, split trends across different categories or run an in-depth cohort analysis. Double-click geographic fields to put data on a map. All without writing a single line of code.
Go deeper into your data with new calculations on existing data. Make one-click forecasts, build box plots and see statistical summaries of your data. Run trend analyses, regressions, correlations, and much more. PhD not required.
Make better sense of your available data—quickly and easily. Rename fields and modify number formats. Combine fields into groups. Create subsets of your data by simply selecting groups of points. Use those sets to filter other views. Build new hierarchies. Now it’s easy for you to make your data understandable to everyone.
Best practices built in
You get the benefit of years of research on the best ways to represent data, built right into your workflow. Optimized color schemes, automatic chart types and elegant design. Communicate insight in the most effective way, automatically.
When you want to take data offline or bring it in-memory, Tableau’s Data Engine lets you extract data for ad-hoc analysis of massive data in seconds. It combines advances in database and computer graphics technology to make even huge datasets possible to analyze on a laptop or mobile device.
When you want to take data offline or bring it in-memory, Tableau’s Data Engine lets you extract data for ad-hoc analysis of massive data in seconds. It combines advances in database and computer graphics technology to make even huge datasets possible to analyze on a laptop or mobile device.
Bitam BI Suite by Bitam
Business Intelligence is easier with Bitam’s BI suite. The BI suite assures that business knowledge is available to the right person, at the right moment and in ways they will understand. Purposely built with the flexibility to meet the needs of any size company, the Bitam BI solution provides easy to use dashboards, analysis, reporting and alerts to organizations where typically this capability has been cost prohibitive or too complex to maintain. Also, Bitam allows access to information from one or many data sources with the visibility and detail to effectively run operations.
When managing a business, no one wants surprises. With Bitam’s BI suite, all users at every level, can quickly see and analyze information related to the performance of their business and use that information to make better business decisions.
Bitam's BI suite focuses on an organizations entire spectrum of information. It presents key performance indicators through the use of dashboards, interacts with information for detailed analysis, receives standard reports, and publishes information through alerts to ensure that it is received at the right time, by the right person through the right channel on one integrated infrastructure.
Alteryx Strategic Analytics by Alteryx
Alteryx Strategic Analytics 8.6
Putting Big Data and Customer Analytics into the Hands of the Business.
Why wait for IT when you can build innovative customer analytic apps that use Big Data in hours?
Alteryx Strategic Analytics 8.6 empowers Data Artisans like you to humanize Big Data through an even easier way to create analytic applications, delivering analytics in the formats that business users demand, and delivering new ways to interact with analytic apps.
With Alteryx 8.6 you can:
Microstrategy Analytics Platform by Microstrategy
Powerful analytics. Unlimited applications.
The best business decisions are driven by data. World class organizations operationalize business intelligence and embed analytics in their DNA. MicroStrategy supports a full range of analytic functionality, from stunning business dashboards to sophisticated statistical analysis and data mining. Our platform gives you the flexibility to start small and seamlessly scale to an enterprise deployment.
It’s the comprehensive alternative to the confusing jumble of point solutions.
Power BI for Office 365 by Microsoft
Discover and Combine - Find, connect to, explore, and compile data easily from various sources.
Model and Analyze - Bring the power of in-memory analytics and flexible modeling into Excel with Power Pivot.
Visualize - See your data in new ways with bold interactive visualizations in Excel using Power View and Power Map.
Share and Collaborate - Create collaborative Power BI sites quickly to share live reports and custom data sets with your team.
Get Answers and Insights - Ask questions and get back instant answers with the new Q&A feature.
Access Anywhere - Stay connected from anywhere, on any device, with mobile access to your favorite live and interactive reports.
Jaspersoft BI Enterprise by TIBCO Jaspersoft
Jaspersoft BI Enterprise Edition
Jaspersoft BI Enterprise Edition comes with our multi-tenant enabled BI Server and provides self-service reporting, dashboards, and OLAP-based analysis. Non-technical users can use the web-based tools to build their own reports, perform advanced OLAP powered analysis, and view interactive dashboards. The Enterprise Edition comes with the assurance of professional quality technical support and commercial licensing protection.
arcplan Enterprise® by arcplan
arcplan Enterprise is our business intelligence reporting and analytics platform. Customers agree that it is the most flexible software available for rapid creation of custom BI applications like reports, dashboards, ad-hoc analyses, etc. With arcplan Enterprise, you deliver actionable, contextual knowledge to decision-makers at every level so that you have the intelligence to understand and change how you operate.
Analytics When You Need It
With arcplan Enterprise, you get business intelligence when you need it, cost-effectively. arcplan Enterprise's complementary approach analyzes information from multiple data sources such as ERP, OLAP, relational databases, and web services simultaneously. With arcplan's robust, intuitive user interface, you get answers and can take action faster, skipping the costly implementation of a separate, complex analytical data store. When changes are made to your processes, arcplan adapts quickly to new data requirements, ensuring timely and cost-effective maintenance as well.
arcplan Enterprise Architecture Overview
Scalable analytics – the foundation for better business performance – often requires an architecture for analyzing multiple data stores simultaneously and delivering the right analysis to the right audience in the right time. arcplan's three-tier architecture is designed to ensure success for even the most robust environments.
Core components of the arcplan Enterprise architecture
Business Intelligence Platform by GoodData
The Open Analytics Platform
The first of its kind to support IT's needs for data governance, security and oversight, and business users' desire for self-service discovery.
Non-Discriminatory Data Connectors
Introducing DSS (Data Storage Service)
Encouraging Data Discovery
Delightfully Simple to Use
All In One by BOARD International
Within one single product BOARD offers all the functionalities needed to build any Business Intelligence Software and Corporate Performance Management application solutions, without the use of any programming. Its revolutionary toolkit approach, as well as delivering unrivalled speed in BI and CPM applications building, customisation and maintenance, provides end-users with an advanced interactive interface.This unique capability turns the self-service creation of any report or analysis into the simplest of tasks
From the outset, BOARD was conceived as a solution to maximise the efficiency of organisations’ decision-making processes, by integrating top Business Intelligence Software (BI) with Corporate Performance Management tools (CPM): a visionary approach named Management Intelligence. Fifteen years later, BOARD leads the way in BI and CPM unification, providing a seamless solution from both a technological and functional standpoint. A full complement of Business Intelligence functions, including reporting, multi-dimensional analysis, ad hoc querying and dashBOARDing, is combined with the ability to manage and monitor all performance planning and control processes, from budgeting, planning and forecasting to profitability analysis, score-carding and financial consolidation.
BOARD helps organisations reach a single vision of their performance in a simple and extremely effective manner. Information originating from various sources is integrated into a virtual data repository shared by the entire organisation, thus prviding business users with a customised but unitary vision. The native integration between the information base and applications ensures that changes made to applications are propagated to data, and vice versa. The end-result is a full alignment of the Business Intelligence and Performance Management environment, which translates into a shared vision of corporate performances throughout the organisation, hence into a single version of the truth
Unlike its main vendors competitors, BOARD is not based on a patchwork of different products and technologies coming from multiple acquisitions and then forcibly integrated. The result of an organic development project launched in 1994, BOARD is a unique, integrated product, which enables organisations to oversee their entire Business Intelligence and Performance Management area using a single interface, a single application construction environment, a single technology and a single strand of know-how
Prognoz Company Analytics by Prognoz
Every company strives to achieve its strategic goals and succeed in the marketplace. We are pleased to offer our full-featured solution for efficient managerial decision making, enabling you to improve strategic planning and operating activities.
Prognoz Company Analytics provides comprehensive analysis of any company’s performance. With our easy-to-use toolkit, you can automate your business processes, schedule payments and control payment execution, aggregate various data from external and internal sources, and prepare this data for analysis. The solution enables you to reduce time and effort in generating reports, speed up and optimize the monitoring of business-division performance, and understand exogenous and endogenous relationships in a comprehensive way.
In addition, the solution provides capabilities to model operational, financial, and economic performance indicators; maintain data on specialized production and sales markets; and choose the best development strategy.
Prognoz Company Analytics is designed for a wide range of users, including the senior managers and shareholders of a company; analysts; and specialists of financial, planning, and marketing divisions.
Tibco Spotfire Analytics by Tibco Spotfire
Unlock the value in your data to win in today’s fierce climate. Gain fast insights and drive agile, competitive decisions and action. It’s quick and easy with TIBCO Spotfire Analytics.
Visualize and interact with your data. Instantly spot and act on insights. Monitor key operational metrics. Mashup all your data and explore freely. Share and collaborate with teammates. Predict future direction. Explore real-time and historical data side-by-side. Use advanced statistics to discover unexpected opportunities & risks. Analytics at your desk or on-the-go. On-premise or in the Cloud.
Do it all with TIBCO Spotfire.
Visibility into the Unknown
You have an abundance of data at your fingertips. You need answers to your questions, but also you want to discover the unexpected hiding in all that historical and real-time data. Spotfire's easy-to-use visualizations and analytics let you quickly get answers to your initial questions – but also give you the intuitive, highly interactive means to discover the unknown trends, patterns, and outliers – all at the speed of thought. Instantly visualize, interact with, and spot the buried opportunities and risks you didn't know were there. Gain an advantage over your competition.
Fastest to Actionable
Insight Knowing the status of your business at all times is important. But discovering the whys behind that performance is even more important. You need to quickly take action on opportunities and risks. Spotfire gives you the ease and flexibility to slice, dice, drag and drop to drill-down into the details so you can find the information you need to take effective action now. Not only does Spotfire help you to quickly find those actionable details, it also helps you to immediately share and discuss with peers, advisers & customers. Get the agility and power to make more informed, transparent decisions at a more rapid rate.
You don’t have time to wait for the next report to be run. Take matters into your own hands and take the pressure off of IT. Spotfire lets you answer your most pressing questions anytime, anywhere, on any device. As soon as the question comes into your head, Spotfire will help you to answer it, with a broad variety of interactive visualizations and analytics. Enjoy the freedom to explore your data at will, and make agile decisions whenever you need.
Your whole team needs analytics. Spotfire is for everyone, helping users with a variety of skill levels to visualize, explore and share information
IBM Cognos Enterprise by IBM
Powerful and scalable business intelligence and performance management
IBM® Cognos® Enterprise is a business intelligence (BI) and performance management solution that combines the capabilities of Cognos Business Intelligence, Cognos Insight and Cognos TM1®. With Cognos Enterprise, users in your business and finance organizations can assemble information that helps them understand your business, share insights with colleagues and act on findings to drive your business forward. The central management helps your IT department more easily deploy and manage your analytics content.
SAP Business Intelligence by SAP
Business intelligence to boost your organization’s IQ
Empower your people with easy access to the business intelligence (BI) and data visualization tools solutions they need to make faster, more informed decisions. Our BI platform and software can boost your organization’s collective IQ by giving all users the information necessary to drive smarter processes, improve performance, and become more effective in everything they do.
WebFOCUS by Information Builders
The WebFOCUS Business Intelligence and Analytics platform empowers everyone in your organization to make smarter, more confident decisions. WebFOCUS extends to your customers and partners, too, giving them easy access to analytic apps and tools from any browser or mobile device.
SAS Business Intelligence by SAS
SAS Business Intelligence gives you the information you need, when you need it, in the right format. By integrating data from across your enterprise and delivering self-service reporting and analysis, IT spends less time responding to requests and business users spend less time looking for information.
SAS Business Intelligence also offers an integrated, robust and flexible presentation layer for the full breadth of SAS Analytics capabilities, including statistics, predictive analytics, data and text mining, forecasting, and optimization – all integrated within the business context for better, faster decision making.
Everything on Your BI Wish List Delivered as One Integrated Platform
Provides comprehensive capabilities for business intelligence, including enterprise reporting, dashboards, ad-hoc analysis, multi-dimensional OLAP, scorecards, and predictive analytics on an integrated platform.
Today’s increasing awareness and concerns on Big Data is largely attributed to various business activities such as monitoring and management, information security, and network utilization, which all occurs on almost all types and sizes of industries. In relation to this, Business Intelligence (BI), and Analytics platforms have become the business management software of choice of many industries in the past several years because of their capability to systematically handle business Big Data. Forecasting sales and marketing numbers is in fact, one of the most common goals for implementing BI software today and the industries of Information Technology, Advertising and Media, and Automotive are among the top users of BI thus far. Several reports and surveys this 2014 also revealed that vertical markets including healthcare, aerospace, and telecommunications are already launching significant investments on BI solutions.
What is clear is that there is growing demand for Business Intelligence and Analytics platforms. Many buyers are looking for a software solution that allows the easy interpretation of Big Data, which in turn supports their organization’s decision-making processes and BI is believed to be the right fit for that.
This Buyer’s Guide for Business Intelligence Software will assist you in selecting the right BI tool that will fit into your current business needs, budget, and resources. Since BI is a business software solution that usually entails a significant amount of investment, it therefore requires a clear and concise understanding on your part of its features, functions, costs, trends, and technology behind its operation. These are the aspects that we will cover in-depth in this BI Buyer’s Guide:
Business Intelligence (BI) is a software technology in which its primary function is to gather, analyze, and present business data into structured reports and other formats which can help an organization on its strategic planning and accurate decision making. As a software platform, BI systems have life cycle processes that not only IT people should fully understand, but also by every end user inside your organization. The BI process starts from multiple data sources, then the data is extracted, transformed, and loaded (ETL) into Analytic Data Structures. The terms Data Warehousing and Data Mining aid in the organization, storage, and retrieval of data. Furthermore, Data Analysis and Visualization facilitates the creation and generation of useful and meaningful reports and dashboards; (the user interfaces).
It was in 1865 when the term “Business Intelligence” was first mentioned on a certain business publication. It was used to describe the exceptional act shown by a banker named Sir Henry Furnese. As a businessman, Furnese was able to maintain a complete and perfect train of business intelligence. During the 1960’s, BI became a major component of the so-called Decision Support Systems (DSS). Innovations in DSS were further expanded during the 1980s and Business Intelligence was then used profoundly. In the late 1980s, it was Howard Dresner of the Gartner Group who proposed BI to be the core methodology behind the use of fact-based support systems. From then onward, business intelligence has been globally known as a system or tool for information analysis and decision support.
Many modern BI tools are equipped with these three important data warehouse functionalities: Extract, transform, and load (ETL), Data Management, and Data Warehousing. Real-time data processing, also one of BI’s capabilities, employs three important processing techniques: Enterprise Information Integration (EII), Business Activity Monitoring (BAM), and Complex Event Processing (CEP). Another computer processing technology that runs behind BI tools is the Online Analytical Processing (OLAP). It is from these advanced functionalities that rooted out these kinds of BI software: Strategic BI, Tactical BI, and Operational BI.
Many BI software solutions offered in the market today are scalable – they can be configured based on the size of the business that is going to use it. The types of BI software based on the depth of functionality and model of deployment are as follows:
Also known as Integrated Suite, a BI of this type can be integrated with larger operational systems such as ERP, CRM, or Supply Chain Management (SCM) systems. Such a solution is best suited for mid-size and large enterprises.
Also known as Best-of-Breed, this type of BI caters to the specific needs of vertical markets. Such a software solution offers a higher level of customization to suit the unique requirements of the business client.
Popularly known as Software as a Service (SaaS), this BI model is deployed on a central server (or “cloud server”) and accessed remotely using a network such as an intranet or the internet. Most SaaS solutions are offered as a subscription-based package.
This is the traditional BI software deployment model which involves the purchasing of a software license and housing and managing this software on-site or on the client’s server network.
Over the years, different approaches and technologies in software engineering design and development have produced BI platforms that are more advanced and sophisticated than traditional Relational Database Management Systems (RDBMS). Data warehouse appliances, analytical databases, and in-memory databases are among the BI tool’s advanced features that improve the data warehousing and data management processes. There also arise many other sophisticated features which every BI software buyer like you must carefully examine in your solution of choice. Those key BI features are as follows:
There are different BI software providers today that are offering Integrated Suite and industry-specific solutions. Either of the two solutions can be a great fit into your organization. But as a general rule, choosing a solution must be based primarily on the size of your business, for that can always lead you to a winning investment decision. In addition, here are the important guidelines which you have to consider when selecting the right BI software solution for your business.
There are various factors that can contribute to the overall cost of buying and implementing BI software solutions. Owning BI software is not just about the cost of software alone. The Total Cost of Ownership (TCO) is of vital importance whenever launching an investment on any type of business management software. Here are the five factors that contribute to TCO.
A BI software license price ranges from $2500 to $6000. Oracle; for example, offers $5,800 per software license on its range of BI on-premises applications.
Most businesses have to leverage the cost of their IT infrastructures in order to implement a BI solution. Hardware infrastructures such as network servers, work stations, and hardware appliances can cost up to about 40-50% of the total software cost.
Most cloud-based solutions are offered from $50 up to $500 per user per month depending on the included features. As the number of user’s increases, companies can also reduce their subscription costs since there are pricing plans that offer discounts based on the number of users.
Best-in-class solution providers can finish a BI software implementation project in the span of 2 weeks. However, some providers spend between 4 to 8 weeks and inexperienced providers can fully implement a solution within 6 to 12 months. It is also important to know that implementing a BI solution has hidden costs. These are mainly the consultant fees, end-user training, overhead expenses, and losses due to arising business operation delays and issues during implementation.
Typically, a company can spend from $500 to $1000 on a one-day professional fee for an outside BI software developer who will conduct system modification and upgrades. On the average, the TCO of a BI solution can range from $150,000 to $300,000 for a small business alone.
The BI industry, with an estimated worth today of around $15B, is projected to grow over the next 3 years. According to Gartner, Business Intelligence and Analytics will remain as the top focus of CIOs until 2017. Here are other trends that are bringing Business Intelligence and Analytics into the limelight.
Cloud-based BI platforms continue to expand its market share. The SaaS solution; in particular, offers more options on service plans and a higher scalability feature. The top providers; Microsoft and Oracle, are both expected to launch their SaaS BI platforms this year. Last year, we saw the vendors MicroStrategy, GoodData, and Tibco JasperSoft launching their cloud-based solutions. We also saw that the cloud offerings of Amazon Redshift, Google BigQuery, Teradata Cloud, and SAP HANA have introduced notable transformations on the process of data warehousing. Business intelligence in the cloud will continue to offer more promising features in the coming years.
Mobile BI has already reached a higher degree of maturity and stability. Many businesses benefited a lot on the offers of BI mobility. With the support Mobile Device Management (MDM), and Bring Your Own Device (BYOD) technologies, many companies today are starting to embrace the rich capabilities of mobile BI. Moving forward, features like HTML5, and offline support are the on-going focus of many mobile BI providers.
The high level architecture offered by Hadoop, an open source software project that enables the distributed processing of large data sets across clusters of commodity servers, remains to be popular for organizations that rely on the intelligent use of unstructured data. Hadoop is an open source BI software framework that is scalable, cost-effective, flexible, and fault tolerant and its wide usage among enterprises has been significant over the last few years.
Business Intelligence and Analytics is growing significantly and investing in this software technology today can certainly bring more success into you business.